Verde Clean Fuels Q1 2023: EPS $(0.09); progressing JV and $250M bond approval

Verde Clean Fuels, Inc.

2023-Q1 EPS reported -$0.09

GAAP diluted loss per share of $(0.09); net loss attributable to Verde Clean Fuels of $574,461.
Cash and cash equivalents $34.8M as of March 31, 2023.
Advancing Verde/Cottonmouth Ventures JV with Diamondback Energy subsidiary for Permian natural gas-to-gasoline.
Preliminary approval for up to $250M in revenue bonds from Arizona IDA for renewable fuel project.
Continuing FEED preparations for Maricopa, AZ renewable gasoline plant; site diligence underway.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Verde Clean Fuels, Inc. reported first quarter 2023 results: EPS $(0.09).

Period: first quarter 2023
EPS: $(0.09)
Result: reported results

Exact text from the filing

Verde Clean Fuels, Inc. (Nasdaq: VGAS) (“Verde”), a company focused on becoming leading supplier of gasoline and other fuels derived from renewable feedstocks or natural gas, today reported first quarter 2023 GAAP diluted loss per share of $(0.09).

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Source: SEC EDGAR

accession 0001213900-23-040104

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