earnings
confidence high
sentiment positive
materiality 0.85
Gevo reports Q3 loss per share $0.09; secures $1.6B DOE loan guarantee for NZ1
Gevo, Inc.
2024-Q3 EPS reported
-$0.25
revenue$11,215,000
- DOE conditional commitment for $1.6B loan guarantee for Net-Zero 1 SAF project in South Dakota.
- Definitive agreement to acquire Red Trail Energy ethanol and CCS assets; expects positive Adj. EBITDA in 2025.
- Q3 cash $292.9M; combined revenue $5.8M; loss from operations $24M; net loss $0.09/share.
- RNG revenue $2.0M (101,101 MMBtu); environmental attribute inventory buildup pending CI pathway approval in Q1 2025.
- Acquired CultivateAI for Verity business; awarded two ETO patents.