NOEM
CO2 Energy Transition Corp.10.36
+0.06+0.58%
Dec 16, 4:00:00 PM EST
Earnings Call Transcripts
This Quarter (Q4 '25)
No earnings call transcript available yet
Last Quarter (Q3 '25)
No earnings call transcript available
Key Stats
Market Cap
99.31MP/E (TTM)
74.00Basic EPS (TTM)
0.14Dividend Yield
0%Recent Filings
10-Q
10-Q
Q2 FY2025 results
CO2 Energy Transition Corp. posted a net income of $418,891 for Q2 FY2025 ended June 30, 2025, swinging from a $20,055 loss a year earlier, thanks to $729,611 in interest from its $70.7M trust account, while general and administrative costs climbed to $162,313 from $20,055 y/y. For the first half, net income hit $825,293 versus a $40,453 loss last year, with taxes at $292,766 offsetting some gains; EPS tallied $0.09 for both redeemable and non-redeemable shares, aligning with 9,585,750 total shares. Cash dipped to $469,288 amid $564K used in operations, but the trust provides a solid buffer. No free cash flow or non-GAAP metrics disclosed in the 10-Q. Sponsor-backed working capital note offers up to $1.5M liquidity. Yet geopolitical tensions could disrupt the hunt for an oil, gas, or LNG target.
10-Q
Q1 FY2025 results
CO2 Energy Transition Corp. swung to a net income of $406,402 for Q1 2025 ended March 31, up from a $20,398 loss a year earlier, thanks to $725,763 in interest from its $70.0M trust account, while general and administrative costs climbed to $170,720 from $20,398 (derived y/y). Operating loss stayed slim at $170,720, but taxes took a $146,016 bite, leaving diluted EPS at $0.04 across 9,585,750 shares—consistent with pro-rata allocation. Cash dipped to $631,409 amid $337,343 in operating outflows, yet the trust holds steady for a business combination in oil, gas, and LNG. Sponsor-backed working capital note adds up to $1.5M liquidity. Geopolitical tensions shadow the hunt for a target.
8-K
Sponsor note for working capital
CO2 Energy Transition Corp. secured a convertible promissory note from its sponsor on April 15, 2025, allowing drawdowns up to $1.5 million for working capital, with an initial $11,731 already advanced. The interest-free note matures upon business combination or winding up, convertible at the sponsor's option into 150,000 private units at $10 each, mirroring IPO terms but with transfer restrictions. This bolsters liquidity while tying sponsor incentives to a successful merger. Yet dilution looms if converted.
10-K
FY2024 results
CO2 Energy Transition Corp., a blank check company formed in 2021, completed its IPO in November 2024, raising $69 million in gross proceeds from 6.9 million units at $10 each, with funds placed in trust yielding $310,897 in interest for the year ended December 31, 2024. No operations or revenues were generated, resulting in a modest net income of $2,632 after $246,139 in administrative costs and $61,039 in taxes, while liquidity stood at $953,069 outside trust. The sponsor holds 2.3 million founder shares, and the firm must complete a business combination by May 2026 (extendable to November 2026) or liquidate, with $69.3 million in trust supporting targets in energy transition sectors. Yet, intense SPAC competition and geopolitical risks loom large. No buybacks or dividends occurred. No guidance provided. Sponsor conflicts could derail quarterly momentum.
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