Canada's Westport Fuel Q4 revenue falls sharply 74%, warns on liquidity

Westport Fuel Systems

23/04/2026 22:22

Overview

Canada alternative fuel systems supplier's Q4 revenue dropped 74% yr/yr amid segment transition

Adjusted EBITDA loss widened in Q4, reflecting lower sales and inventory provisions

Company warns of substantial doubt about ability to continue as going concern due to liquidity

Outlook

Company expects field testing of proprietary CNG solution to begin in 2026

Westport anticipates increased output and efficiency at new Canada and China facilities in 2026

Company plans to raise funds to improve liquidity; substantial doubt remains about ability to continue as going concern

Result Drivers

SEGMENT TRANSITION - Revenue decline attributed to end of transitional service agreement in Heavy-Duty OEM segment

HYDROGEN SLOWDOWN & RELOCATION - High-Pressure Controls segment sales fell due to slowdown in hydrogen industry and manufacturing move from Italy to Canada and China

INVENTORY PROVISIONS - Q4 gross profit affected by inventory provision for obsolete parts and cancelled commercial program

Company press release: ID:nGNX3PncR3

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
$1.90 mln
$1.90 mln (1 Analyst)
Q1 EPS
-$0.65


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 2 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the auto, truck & motorcycle parts peer group is "buy"

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)