secwatch.observer — SEC 8-K summary
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Issuer:     Verde Clean Fuels, Inc. (VGAS)
CIK:        0001841425
Form:       8-K
Filed at:   2024-08-13T23:59:59+00:00
Accession:  0001213900-24-067907
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 2024 GAAP EPS $(0.14) loss; cash $23.2M; selects Chemex for FEED
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1841425/000121390024067907/0001213900-24-067907-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1841425/000121390024067907/ea0210638-8k_verde.htm
  HTML page:      https://secwatch.observer/filing/0001213900-24-067907

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