Westport Fuel Systems reports a Q1 net loss of $0.51 per share but sees revenue growth from LNG and hydrogen initiatives.
Westport Fuel Systems Inc. (NASDAQ:WPRT) reported a net loss of $0.51 per share for the first quarter of 2026, despite revenue gains in key segments. The company’s strategic partnership with Volvo Group and expansion into North America drove growth in its Cespira venture, which saw a 33% year-over-year revenue increase, fueled by LNG HPDI truck demand and a second OEM truck test.
Westport’s High-Pressure Controls business also rose 21%, supported by higher engineering service revenues. Management highlighted favorable LNG market conditions in Europe and growing infrastructure for LNG and CNG, alongside strong interest in its high-pressure CNG storage platform at the ACT Expo.
The company remains focused on heavy-duty decarbonization, supplying advanced fuel systems for natural gas, renewable natural gas, hydrogen, and propane to global automotive and transportation sectors.