Verde Clean Fuels reports Q3 2023 GAAP diluted loss per share of $(0.13); net loss swing from prior-year profit

Verde Clean Fuels, Inc.

2023-Q3 EPS reported -$0.34

GAAP diluted loss per share of $(0.13) for Q3 2023; net loss attributable to company of $773,192 vs net income of $4.35M in Q3 2022.
Cash and cash equivalents at Sept 30, 2023 were $31.15M, up from $0.46M at Dec 31, 2022, funding development.
Entered Master Services Agreement with Anacapa Engineering to support permitting for Elk Hills renewable gasoline project.
In discussions with potential offtakers including super-majors for D3 RINs, LCFS credits, and gasoline.
Negotiating Joint Development Agreement with Cottonmouth Ventures for first Permian Basin location; FEED/EPC selection 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 0.95

Verde Clean Fuels, Inc. reported third quarter 2023 results: EPS $(0.13) per diluted share.

Period: third quarter 2023
EPS: $(0.13) per diluted share
Result: reported results

Exact text from the filing

Verde Clean Fuels, Inc. (“Verde”), a company focused on becoming leading supplier of gasoline and other fuels derived from renewable feedstocks or natural gas, today reported third quarter 2023 GAAP diluted loss per share of $(0.13).

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Source: SEC EDGAR

accession 0001213900-23-086145

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