secwatch.observer — SEC 8-K summary
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Issuer:     Verde Clean Fuels, Inc. (VGAS)
CIK:        0001841425
Form:       8-K
Filed at:   2023-08-14T23:59:59+00:00
Accession:  0001213900-23-067119
Event type: earnings
Sentiment:  neutral
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Verde Clean Fuels Q2 2023 GAAP diluted EPS -$0.12; signs Carbon TerraVault agreement
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- GAAP diluted loss per share of $(0.12) for Q2 2023; net loss attributable to Verde of $749k.
- Signed non-binding Carbon Capture Agreement with Carbon TerraVault (CRC/Brookfield) for plant in Kern County targeting 7M+ gallons renewable gasoline and 100k+ metric tons CO2 sequestration per year.
- Selected first development site in West Texas with Cottonmouth Ventures for natural gas-to-gasoline facility; expects Joint Development Agreement to proceed with FEED and permitting.
- Cash and cash equivalents $33.2M as of June 30, 2023.
- Discussing long-term offtake arrangements for D3 RINs, LCFS credits, and gasoline to manage price risk.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1841425/000121390023067119/0001213900-23-067119-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1841425/000121390023067119/ea183110-8k_verdeclean.htm
  HTML page:      https://secwatch.observer/filing/0001213900-23-067119

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