Verde Clean Fuels Q2 2024 GAAP EPS $(0.14) loss; cash $23.2M; selects Chemex for FEED

Verde Clean Fuels, Inc.

GAAP diluted EPS of $(0.14) for Q2 2024; net loss attributable to Verde of $0.9M vs $0.7M a year ago.
Cash and cash equivalents at $23.2M as of June 30, 2024; pre-revenue development stage continues.
Selected Chemex Global as FEED partner for Cottonmouth Permian Basin project; FEED expected to complete early 2025.
In preliminary discussions for offtake of D3 RINs, LCFS credits, and gasoline to manage price risk.
Total operating loss $3.2M vs $2.5M in Q2 2023, driven by G&A and R&D for commercial facility.

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