Verde Clean Fuels reports FY2023 net loss per share of $(0.45); updates on Permian Basin JDA

Verde Clean Fuels, Inc.

Net loss attributable to Verde Clean Fuels of $2.74M vs net income of $2.72M in FY2022.
Cash and cash equivalents of $28.8M as of Dec 31, 2023, up from $0.46M year-end 2022.
Joint Development Agreement with Cottonmouth Ventures (Diamondback subsidiary) for 3,000 bpd gasoline facility from stranded natural gas.
Company selecting FEED/EPC partners and in preliminary offtake discussions for D3 RINs, LCFS credits, and gasoline.

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 the year ended December 31, 2023 results: net income Net (loss) income attributable to Verde Clean Fuels, Inc. $ (2,743,588 ), EPS Loss per Share of Class A common stock $ (0.45 ).

Period: the year ended December 31, 2023
Net income: Net (loss) income attributable to Verde Clean Fuels, Inc. $ (2,743,588 )
EPS: Loss per Share of Class A common stock $ (0.45 )
Result: reported results

Exact text from the filing

today reported full year 2023 GAAP diluted net loss per share of $(0.45).

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Verde Clean Fuels, Inc. filing history →

Source: SEC EDGAR

accession 0001213900-24-027233

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