Canada's Westport Q2 revenue falls as Heavy-Duty OEM segment ended transitional service agreement - WPRT News | Rallies
Canada's Westport Q2 revenue falls as Heavy-Duty OEM segment ended transitional service agreement W WPRT • 2026-08-11 Outlook
Company says favorable LNG pricing and European regulations support demand for HPDI technology
Westport projects cash and equivalents will not be sufficient to fund operations over next 12 months
Company is evaluating options to improve liquidity, including raising funds or borrowing
Overview
Canada alternative fuel systems supplier's Q2 revenue fell 78% yr/yr
Adjusted EBITDA loss widened in Q2 and missed consensus
Company warns of substantial doubt about ability to continue as going concern
Result drivers and key details
Cespira growth - Joint venture with Volvo saw 125% revenue growth, driven by increased customer orders for HPDI fuel systems and higher sales volumesFuel price and regulation - Growth in Cespira supported by resilient LNG price advantage over diesel and favorable European regulatory developmentsRevenue decline in core segment - End of Heavy-Duty OEM transitional service agreement led to sharp drop in reported revenue
Metric Beat/Miss Actual Consensus Estimate Q2 Revenue
Q2 Adjusted EBITDA Miss -$6.27 mln -$5.10 mln (2 Analysts)
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 1 "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".
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2026-08-11
WPRT•
