Verde Clean Fuels, Inc.
3.2300-0.09 (-2.71%)
Oct 29, 4:00:00 PM EDT · NasdaqCM · VGAS · USD
Key Stats
Market Cap
143.90MP/E (TTM)
-Basic EPS (TTM)
-0.41Dividend Yield
0%Recent Filings
10-Q
Q2 FY2025 results
Verde Clean Fuels narrowed its Q2 operating loss to $3.2M, up 2% y/y but with other income doubling to $0.7M from higher cash yields, driving net loss down 10% y/y to $2.5M; six-month figures show operating loss up 6% y/y to $6.4M while net loss improved 2% y/y to $5.2M, reflecting steady expense control amid development ramp. EPS held at -$0.07 for the quarter, matching basic shares of 18.8M with no dilution from anti-dilutive warrants and options. Cash swelled to $62.1M after a $50M PIPE close in January 2025, funding Permian Basin FEED costs of $6.4M (net $2.2M after Cottonmouth reimbursement); operating cash burn hit $5.9M, with free cash flow not disclosed in the 10-Q. The January 2025 PIPE issued 12.5M Class A shares for cash, boosting liquidity without debt. Yet regulatory delays could stall FID.
8-K
Q2 loss amid project advances
Verde Clean Fuels reported a Q2 2025 net loss of $2.5 million, or $0.07 per share, driven by $3.1 million in general and administrative expenses, while ending the quarter with $62.1 million in cash and no debt. The company advances FEED for its proposed Permian Basin natural gas-to-gasoline plant with Cottonmouth, capitalizing $2.2 million in costs, and eyes further technology deployment opportunities. Cash burn persists amid development.
8-K
Annual meeting results
8-K
Closes $50M equity investment
Verde Clean Fuels closed a $50 million equity investment from Cottonmouth Ventures on January 29, 2025, boosting cash to $65.3 million and funding FEED for a proposed Permian Basin natural gas-to-gasoline plant. This second tranche from Diamondback's subsidiary totals $70 million, strengthening Verde's position to deploy STG+ technology while posting a $2.7 million Q1 net loss from administrative costs. Cash fuels disciplined expansion. Forward-looking plans hinge on securing financing amid development risks.
10-Q
Q1 FY2025 results
Verde Clean Fuels posted a Q1 operating loss of $3.2M, up 11% y/y from $2.9M, driven by higher general and administrative costs from added headcount and R&D expenses doubling to $0.2M on engineering efforts. Yet net loss attributable to common stockholders narrowed to $1.2M from $0.8M, yielding a milder $0.08 diluted EPS loss on 14.8M weighted shares—better than last year's $0.13—thanks to other income jumping 53% y/y to $0.5M from interest on bolstered cash. The PIPE infusion closed January 29, 2025, for $50M cash (all stock), lifting quarter-end cash to $65.3M while funding the Permian Basin Project's FEED study, where capitalized costs hit $4.3M net of Cottonmouth reimbursements. No debt weighs on the balance sheet. Cash burn persists without revenue. Regulatory shifts in low-carbon fuel credits pose a key risk.
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