earnings
confidence high
sentiment neutral
materiality 0.85
Gevo raises FY2026 Adj. EBITDA guidance to >$60M; Q2 net loss includes $176M impairment
Gevo, Inc.
- Q2 revenue $47M; net loss $(177)M ($(0.75)/share) includes $176M non-cash impairment for exiting ATJ-60 project in South Dakota.
- Non-GAAP adjusted net loss $(1)M ($(0.01)/share); Adjusted EBITDA $11M in Q2.
- Full-year 2026 Adjusted EBITDA outlook raised to >$60M (from $30M), supported by Canada CFR pathway and >$70M in 45Z tax credits.
- Low-carbon ethanol production 16.3M gallons in Q2 (vs 16.8M YoY) due to planned maintenance; RNG production 95,939 MMBtu.
- Debottlenecking at Gevo North Dakota on track to increase ethanol capacity ~10-15% starting 2027; expansion to 150M gallons/year targeted for 2028.