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CW PETROLEUM CORP - $CWPE STOCK NEWS

Welcome to our dedicated page for CW PETROLEUM news (Ticker: $CWPE), a resource for investors and traders seeking the latest updates and insights on CW PETROLEUM stock.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect CW PETROLEUM's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

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Rhea-AI Summary

CW Petroleum Corp (CWPE) reported its fiscal year ended 2023 profitability, showcasing significant revenue growth, gross margin improvement, and net income upsurge compared to the prior year. The company also disclosed its EBITDA figures and plans to seek growth capital for expansion and potential IPO listing.

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5.88%
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Rhea-AI Summary
CW Petroleum Corp (CWPE) announced unaudited financial results for Q4 2023 and Year-End 2023. Revenues for Q4 2023 were ~$1.98M, EBITDA was $59,190, and Net Income was $2,415. For the full year 2023, revenues were ~$9.31M, EBITDA was $772,879, and Net Income was $356,470. The CEO highlighted positive EBITDA and Net Income due to strong demand for renewables and specialty hydrocarbon motor fuels.
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CW Petroleum Corp (CWPE) Announces Strong Start to Q4-2023 with Revenues Exceeding 2022 Total, On Track for $9-10MM for Fiscal Year 2023. Management Seeks Uplist to Nasdaq or NYSE.
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CW Petroleum Corp announces unaudited financial results for Q2 2023, with revenues of $2.6M compared to $1.6M in the prior year. EBITDA of $368,638 compared to a loss of $92,894 in 2022. Net income of $292,510 compared to a loss of $151,078 in 2022. CEO highlights sales growth and demand for renewables.
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CW PETROLEUM CORP

OTC:CWPE

CWPE Rankings

CWPE Stock Data

16.60M
116.45M
4.82%
Oil & Gas Midstream
Energy
Link
United States of America
Katy

About CWPE

cw petroleum corp. supplies and distributes biodiesel, biodiesel blends, ultra-low sulfur diesel, and gasoline blends to distributors and end users in the united states. it also offers freight services for fuel and chemical hauling; metered offloads/split drops; tote/drumming services; and railcar transloading services. the company was incorporated in 2005 and is based in katy, texas.