Gevo Q2 net loss $0.09/share; RNG EBITDA guidance cut; NZ1 DOE loan close targeted by year-end

Gevo, Inc.

2024-Q2 EPS reported -$0.17 revenue$9,250,000

Q2 loss from operations $24.0M; non-GAAP adjusted EBITDA loss $15.3M; net loss $0.09 per share.
RNG record annualized production ~400K MMBtu (+22% YoY), but 2024 non-GAAP adj EBITDA now expected below $7-16M range due to CARB delay and LCFS price decline.
NZ1 DOE loan guarantee progressing toward financial close by end-2024; remaining development spend estimate lowered; no additional cash spend after close.
Verity farmer acres up 17% to 76K; collaborations with Google (AI), Landus, and ClearFlame for supply chain traceability.
YTD share repurchases 7.2M shares for $4.7M; $20.3M remaining; cash $315.3M.

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