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Gevo, Inc. (GEVO) Reports Q4 Loss, Tops Revenue Estimates
Zacks Investment Research· 2024-03-08 01:06
Gevo, Inc. (GEVO) came out with a quarterly loss of $0.08 per share versus the Zacks Consensus Estimate of a loss of $0.05. This compares to loss of $0.11 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -60%. A quarter ago, it was expected that this company would post a loss of $0.06 per share when it actually produced a loss of $0.07, delivering a surprise of -16.67%.Over the last four quarters, the company has not been able ...
Gevo(GEVO) - 2023 Q4 - Earnings Call Transcript
2024-03-07 23:08
Gevo, Inc. (NASDAQ:GEVO) Q4 2023 Earnings Conference Call March 7, 2024 4:30 PM ET Company Participants Eric Frey - VP, Finance and Strategy Patrick Gruber - CEO Lynn Smull - CFO Conference Call Participants Amit Dayal - H.C. Wainwright Shawn Severson - Water Tower Research Operator Good day, and thank you for standing by. Welcome to the Gevo, Incorporated Q4, 2024 [sic] Earnings Conference Call. At this time, all participants are in listen-only mode. After the speaker's presentation, there will be a questi ...
Gevo(GEVO) - 2023 Q4 - Annual Report
2024-03-06 16:00
Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number: 001-35073 GEVO, INC. (Exact name of registrant as specified in its charter) Delaware 87-0747704 (State or other jurisdiction of i ...
Gevo, Inc. (GEVO) May Report Negative Earnings: Know the Trend Ahead of Next Week's Release
Zacks Investment Research· 2024-02-29 16:01
Wall Street expects a year-over-year increase in earnings on higher revenues when Gevo, Inc. (GEVO) reports results for the quarter ended December 2023. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates.The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on March 7. On ...
Gevo Hires Damien Perriman as Chief Business Development Officer
Newsfilter· 2024-02-26 14:00
ENGLEWOOD, Colo., Feb. 26, 2024 (GLOBE NEWSWIRE) -- Gevo, Inc. (NASDAQ:GEVO) is pleased to announce that Damien Perriman has been hired as Chief Business Development Officer to lead the effort to bring in new business in a wider variety of industry sectors and expand the brand footprint for the company. Damien is a highly experienced business executive with proven thought leadership and a track record for establishing partnerships with companies looking to engage with disruptive bio-based technologies. His ...
Gevo(GEVO) - 2023 Q3 - Earnings Call Transcript
2023-11-14 00:14
Gevo, Inc. (NASDAQ:GEVO) Q3 2023 Earnings Call Transcript November 13, 2023 4:30 PM ET Company Participants Eric Frey - VP, Finance and Strategy Patrick Gruber - CEO Lynn Smull - CFO Conference Call Participants Derrick Whitfield - Stifel Sameer Joshi - H.C. Wainwright Shawn Severson - Water Tower Research Abhishek Sinha - Northland Capital Markets Operator Good day, and thank you for standing by. Welcome to the Gevo, Inc. Q3, 2023 Earnings Conference Call. At this time, all participants are in listen-only ...
Gevo(GEVO) - 2023 Q3 - Quarterly Report
2023-11-13 16:00
Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES AND EXCHANGE ACT OF 1934 For the transition period from to Commission File Number 001-35073 GEVO, INC. (Exact name of registrant as specified in its charter) Delaware 87-0747704 (State or other juris ...
Gevo(GEVO) - 2023 Q2 - Earnings Call Transcript
2023-08-11 01:42
Financial Data and Key Metrics Changes - The company ended Q2 2023 with a strong liquidity position of $426 million in cash, restricted cash, and other liquid investments, with restricted cash totaling $77.8 million related to the Northwest Iowa RNG bonds and Net Zero-1 development [34] - Combined revenue and interest income for Q2 2023 was $9.3 million, with SG&A expenses at $6.7 million, reflecting a $0.2 million decrease from Q1 due to cost control efforts [49] - RNG revenue for the quarter was $2.9 million, achieving positive standalone RNG EBITDA despite a temporary CI score of minus 150 [50] Business Line Data and Key Metrics Changes - The company invested $17.7 million in capital projects during Q2 2023, with $9.8 million allocated to Net Zero-1, $3 million to Northwest Iowa RNG, and $4.9 million to other NZ projects [34] - The Northwest Iowa RNG project achieved an onstream injection of 97% and uptime of 91% in its first year, with plans to expand capacity to 400,000 MMBtus per annum expected to be completed in Q4 [35] - The company signed agreements with additional ethanol partners for its Verity carbon tracking platform, aiming to capture and monetize carbon value [30] Market Data and Key Metrics Changes - The U.S. jet fuel demand is approximately 20 billion gallons per year, with nearly 200 ethanol plants having a collective capacity of about 17 billion gallons per year, presenting significant opportunities for the company [16] - The company is exploring the potential of the plastics and chemicals market, which exceeds 400 million tons and hundreds of billions of dollars, leveraging proprietary technology to produce olefins [18] Company Strategy and Development Direction - The company aims to optimize capital use by taking on roles as a developer, licensor, and co-investor in projects, focusing on generating higher returns and cash flow [10][25] - The strategy includes licensing plant designs to other developers and pursuing partnerships to expand its market presence in sustainable aviation fuel (SAF) and low-carbon products [14][17] - The company is also focused on developing proprietary technologies, such as ETO, to reduce capital and operating costs in converting ethanol to olefins and SAF [20][70] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in achieving a pathway to positive cash flow, with multiple avenues to become EBITDA positive in the near future, including RNG, specialty chemicals, and fuels [40] - The company is closely monitoring regulatory developments, particularly regarding the 45Z rule-making, which is expected to provide clarity on carbon credits and economic returns [79][97] - Management emphasized the importance of partnerships with airlines and other stakeholders to navigate potential economic challenges and ensure project success [41] Other Important Information - The company is in the term sheet phase for a DOE loan guarantee of up to $950 million for the Net Zero-1 project, which is a significant milestone for financing [42] - The company has received payments related to its ETO technology and expects additional payments as commercialization progresses [73] Q&A Session Summary Question: Clarification on RNG revenues - The $2.9 million RNG revenue includes the LCFS at a score of minus 150 [53][54] Question: Additional steps needed to reach 400,000 MMBtu capacity - The additional steps are minor and involve optimization work, with some costs potentially covered by the IRA bill [55] Question: EPC process and DOE loan finalization - The EPC pricing must be finalized to complete the DOE loan, with McDermott being the preferred contractor [78] Question: Variance in expected CI pathways for RNG - The variance is due to the company's advanced instrumentation and operational discipline in managing the RNG project [90] Question: Licensing and development business model returns - The returns will likely be linked to carbon value, with a focus on specialty products and government support [94] Question: Timing on 45Z rule-making - The 45Z rule-making is expected to occur in late fall, with potential impacts on the company's operations [97]
Gevo(GEVO) - 2023 Q2 - Quarterly Report
2023-08-09 16:00
Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES AND EXCHANGE ACT OF 1934 For the transition period from to Commission File Number 001-35073 GEVO, INC. (Exact name of registrant as specified in its charter) Delaware 87-0747704 (State or other jurisdicti ...
Gevo(GEVO) - 2023 Q1 - Earnings Call Transcript
2023-05-11 01:15
Gevo, Inc. (NASDAQ:GEVO) Q1 2023 Results Earnings Conference Call May 10, 2023 4:30 PM ET Company Participants John Richardson - Director of Investor Relations Patrick Gruber - Chief Executive Officer Lynn Smull - Chief Financial Officer Conference Call Participants Dushyant Ailani - Jefferies Derrick Whitfield - Stifel Amit Dayal - H.C. Wainwright & Co., LLC Operator Good day and thank you for standing by. Welcome to the Gevo Incorporated Q1 2023 Earnings Conference Call. At this time, all participants are ...