CW Petroleum Corp (OTCQB: CWPE) Reports Revenues for Year-End 2024, Q1-2025, No Effects from Tariffs

Rhea-AI Summary

CW Petroleum Corp (CWPE) has released its financial results for Year-End 2024 and Q1-2025. The specialty renewable and hydrocarbon motor fuels provider reported:

For Year-End 2024:

• Revenue declined to $8.00 Million from $9.31 Million in 2023
• EBITDA decreased to $150,236 from $754,440 in 2023
• Net loss of $(47,478) compared to Net Income of $449,293 in 2023

For Q1-2025:

• Revenue decreased to $1.59 Million from $1.94 Million in Q1-2024
• EBITDA improved to $40,970 from $32,905 in Q1-2024
• Net loss reduced to $(4,183) from $(23,713) in Q1-2024

Positive

• Q1-2025 EBITDA improved to $40,970 from $32,905 year-over-year
• Q1-2025 net loss reduced to $4,183 from $23,713 in previous year

Negative

• Year-End 2024 revenue declined 14% to $8.00M from $9.31M
• 2024 EBITDA decreased 80% to $150,236 from $754,440
• Company shifted from net profit of $449,293 in 2023 to net loss of $47,478 in 2024
• Q1-2025 revenue decreased 18% to $1.59M from $1.94M

Katy, Texas, April 28, 2025 (GLOBE NEWSWIRE) -- CW Petroleum Corp (OTCQB: CWPE) (the “Company”), a leading provider of Specialty Renewable and Hydrocarbon Motor Fuels, today announces to its investors and future investors audited financial results for Year-End 2024, and unaudited financial results for Q1-2025. The Company currently purchases all renewable and hydrocarbon motor fuels within the USA.

Year-End 2024

Key Financial Highlights for Twelve Months Ended December 31, 2024, Compared to Prior Year Period:

• 2024 Revenues of $8.00 Million vs 2023 Revenues of $9.31 Million
  
• 2024 EBITDA of $150,236 vs 2023 EBITDA of $754,440
  
• 2024 Net Income (loss) of $(47,478) vs 2023 Net Income of $449,293
  

Report: SEC Form 1-K (Period Ending 12/31/2024)

Q1-2025

Key Financial Highlights for Three Months Ended March 31, 2025, Compared to Prior Year Period:

• 2025 Revenues of $1.59 Million vs 2024 Revenues of $1.94 Million
  
• 2025 EBITDA of $40,970 vs 2024 EBITDA of $32,905
  
• 2025 Net Income(loss) of $(4,183) vs 2024 Net Income of $(23,713)
  

Additional accurate information about the Company can be found on the OTC Markets website at the following links and on the EDGAR filing website provided by the Securities and Exchange Commission:

CWPE Overview
CWPE Security Detail
CWPE Financials
CWPE News
CWPE Disclosures

SEC Filings

For additional information, visit our website at cwpetroleumcorp.com, email: investor@cwpetroleumcorp.com , or call 281-817-8099

About CW Petroleum Corp

CW Petroleum Corp, a Texas corporation, began operations in 2011. CW Petroleum Corp, a Wyoming corporation, was incorporated in April 2018 and has acquired the Texas corporation as a wholly-owned subsidiary. CW Petroleum Corp supplies and distributes Biodiesel, Biodiesel Blends, Renewable Gasoline, and a 92 Octane Reformulated No Ethanol Gasoline to distributors, convenience stores, marinas, and end-users. The EPA licenses the Company to create its proprietary gasoline blends. CW Petroleum Corp is licensed to distribute Diesel Fuel & Gasoline by the States of Texas, Louisiana, Oklahoma, California, Colorado, New Jersey, Maryland, Pennsylvania, and Arizona.

Forward-Looking Statements

Certain statements in this press release may contain “forward-looking statements” regarding future events and our future results. All statements other than statements of historical facts are statements that could be deemed to be forward-looking statements. These statements are based on current expectations, estimates, forecasts, and projections about the oil and gas markets, energy markets, and other markets in which we operate and the beliefs and assumptions of our management. Words such as “expects,” “anticipates,” “targets,” “goals,” “projects,” “intends,” “plans,” “believes,” “seeks,” “estimates,” “endeavors,” “strives,” “may,” or variations of such words and similar expressions are intended to identify such forward-looking statements. Readers are cautioned that these forward-looking statements are subject to a number of risks, uncertainties, and assumptions that are difficult to predict, estimate, or verify. Therefore, actual results may differ materially and adversely from those expressed in any forward-looking statements. Such risks and uncertainties include those factors described in the Company’s most recent annual report on Form 1-K, which may be amended or supplemented by subsequent semiannual reports on Form 1-SA or other reports filed with the Securities and Exchange Commission. Readers are cautioned not to place undue reliance on these forward-looking statements. The forward-looking statements are made only as of the date hereof, and the Company undertakes no obligation to publicly release the result of any revisions to these forward-looking statements. For more information, please refer to the Company’s filings with the Securities and Exchange Commission.

No Offer or Solicitation

This communication does not constitute an offer to sell or the solicitation of an offer to buy any securities or a solicitation of any vote or approval, nor shall there be any sale of securities in any jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction.

FAQ

What are CWPE's revenue figures for Year-End 2024?

CWPE reported revenues of $8.00 Million for Year-End 2024, down from $9.31 Million in 2023.

How did CWPE perform in Q1-2025 compared to Q1-2024?

In Q1-2025, CWPE reported revenues of $1.59M (down from $1.94M), improved EBITDA of $40,970 (up from $32,905), and reduced net loss to $4,183 (from $23,713).

What was CWPE's EBITDA performance in 2024?

CWPE's EBITDA for 2024 was $150,236, showing a significant decrease from $754,440 in 2023.

Did CWPE report a profit or loss for Year-End 2024?

CWPE reported a net loss of $47,478 for Year-End 2024, compared to a net income of $449,293 in 2023.