Financial Performance - For Q3 2025, Verde Clean Fuels, Inc. reported a net loss of $2.3 million, with a diluted net loss per share of $0.06[4] - The total operating loss for the nine months ended September 30, 2025, was $9.3 million, compared to $8.8 million for the same period in 2024, reflecting an increase of approximately 5.7%[10] - The company recorded general and administrative expenses of $2.8 million for Q3 2025, slightly up from $2.7 million in Q3 2024[10] - Research and development expenses for the nine months ended September 30, 2025, totaled $457,000, compared to $350,000 for the same period in 2024, indicating a 30.6% increase[10] - The accumulated deficit as of September 30, 2025, was $30.9 million, up from $27.3 million at the end of 2024[12] Cash and Assets - As of September 30, 2025, the company had cash and cash equivalents of $59.4 million and no debt, representing a significant increase from $19.0 million at the end of 2024[5] - Total assets as of September 30, 2025, were $67.2 million, a substantial increase from $23.6 million at the end of 2024[12] Project Development - Construction in progress for the Permian Basin project amounted to $3.3 million, which includes $9.3 million of capitalized development costs[5] - Verde is advancing front-end engineering and design for a proposed natural gas-to-gasoline plant in the Permian Basin, in collaboration with Cottonmouth, a subsidiary of Diamondback[3] Strategic Goals - The company aims to deploy its proprietary liquid fuels processing technology to convert associated natural gas into gasoline, targeting lower carbon intensity compared to conventional gasoline[6]
CENAQ ENERGY(CENQ) - 2025 Q3 - Quarterly Results