ENGLEWOOD, Colo., Dec. 15, 2025 (GLOBE NEWSWIRE) -- Gevo, Inc. (NASDAQ: GEVO), a leader in renewable fuel and chemicals, and carbon management, today announced a strategic leadership transition designed to position the company for continued growth and innovation. Effective December 9, 2025, Dr. Paul Bloom has been appointed President of Gevo, Inc. and a director on Gevo’s Board of Directors. Gevo’s long-standing Chief Executive Officer and board member, Dr. Patrick Gruber, has assumed the role of Executive ...

Core Insights - DevvStream Corp. and Southern Energy Renewables Inc. are collaborating on a project in Louisiana to produce green methanol and carbon-negative sustainable aviation fuel (SAF) using regional wood-waste biomass [1] Company Overview - DevvStream Corp. is identified as a leading firm in carbon management and environmental-asset monetization [1] - Southern Energy Renewables Inc. is a U.S.-based producer focused on low-cost fuels derived from biomass [1] Project Details - The Louisiana project aims to utilize local wood-waste biomass for large-scale production of green methanol and SAF [1]

Core Insights - DevvStream Corp and Southern Energy Renewables Inc have entered into a definitive agreement to combine under a new U.S.-domiciled, Nasdaq-listed company, focusing on producing carbon-negative sustainable aviation fuel (SAF) and green methanol at scale [1] - The new company aims to support aviation and maritime operators in meeting global decarbonization mandates by creating an integrated clean fuels platform in Louisiana [1] - The merger is expected to transition DevvStream from a microcap services profile to a financeable, industrial fuels and credits business with long-duration revenue potential [1] Company Overview - DevvStream Corp specializes in carbon management and environmental-asset monetization, focusing on the development, investment, and sale of environmental assets worldwide, including carbon credits and renewable energy certificates [2] - Southern Energy Renewables Inc is a U.S.-based developer of clean fuels, chemicals, and products, concentrating on large-scale biomass-to-fuels projects that produce carbon-negative SAF and green methanol [3] Business Combination Highlights - Upon closing, Southern equity holders are expected to own approximately 70% of the combined company, while DevvStream shareholders will own about 30% [1] - Southern has committed to an initial investment of approximately $2.0 million in DevvStream at $15.58 per share [1] - The proposed combination is subject to shareholder approvals, Nasdaq and other regulatory approvals, and customary closing conditions [1]

Core Insights - LanzaTech Global, Inc. reported its third-quarter financial results for 2025, highlighting a focus on operational execution and strategic transformation in the carbon management sector [1][2]. Financial Performance - Total revenue for Q3 2025 was $9.3 million, a decrease from $9.9 million in Q3 2024, attributed to reduced Joint Development Agreements and engineering services, partially offset by growth in CarbonSmart revenue [7][3]. - The cost of revenue decreased by $1.2 million, or 15%, in Q3 2025 compared to Q3 2024, primarily due to reduced engineering service costs [8]. - Operating expenses were $18.0 million in Q3 2025, down from $34.8 million in Q3 2024, mainly due to personnel and contractor expense reductions [9]. - Net income for Q3 2025 was $2.9 million, a significant improvement from a net loss of $57.4 million in the same period last year, driven by a non-cash gain on financial instruments [10]. - Adjusted EBITDA loss was $13.5 million in Q3 2025, compared to a loss of $27.1 million in Q3 2024, reflecting lower selling, general, and administrative expenses [11]. Operational Highlights - LanzaJet, Inc., a joint venture in which LanzaTech holds a 36.33% equity interest, commenced full operations at its ethanol-to-jet fuel plant in Georgia, marking a significant milestone in sustainable aviation fuel production [6]. - The company was awarded a €40 million grant from the EU Innovation Fund for a CCUS facility in Norway, expected to produce 23.5 kt of ethanol annually [6]. Balance Sheet and Liquidity - As of September 30, 2025, total cash, restricted cash, and investments amounted to $23.5 million, down from $39.6 million as of June 30, 2025, reflecting cash usage for operations and limited inflows from new funding sources [12]. Management Commentary - The CEO emphasized a year of disciplined transformation, focusing on the growing demand for sustainable aviation fuel and aligning the company's structure to market realities [13].

Core Viewpoint - Occidental announced its third quarter 2025 financial results, highlighting its position as a leading oil and gas producer in the U.S. and its commitment to reducing emissions through innovative technologies [1][3]. Financial Results - The earnings release for the third quarter 2025 can be accessed on the company's website and the U.S. Securities and Exchange Commission's website [1]. Conference Call - A conference call to discuss the financial results is scheduled for November 11, 2025, at 1 p.m. Eastern/12 p.m. Central, with access available via phone or webcast [2]. Company Overview - Occidental is an international energy company with significant assets in the U.S., Middle East, and North Africa, and is a major producer in the Permian and DJ basins [3]. - The company also focuses on midstream and marketing segments, including Oxy Low Carbon Ventures, which aims to advance technologies that reduce emissions while growing the business [3]. - Occidental's chemical subsidiary, OxyChem, manufactures essential products, reinforcing the company's commitment to carbon management and a lower-carbon future [3].

Core Insights - California Resources Corporation (CRC) reported solid financial results for Q3 2025, highlighting the strength of its business model and commitment to shareholder value through a disciplined approach [5][7][14] - The company announced a 5% increase in its quarterly dividend, reflecting its commitment to sustainable shareholder returns [7][16][18] - CRC is in the process of merging with Berry Corporation in an all-stock transaction, which is expected to close in Q1 2026, subject to regulatory approvals [9][11][14] Financial Performance - CRC reported a net income of $64 million for Q3 2025, down from $172 million in Q2 2025, with adjusted net income of $123 million [7][8] - Total operating revenues for Q3 2025 were $855 million, a decrease from $978 million in Q2 2025 [8][40] - The company generated $279 million in net cash from operating activities and $188 million in free cash flow during the quarter [7][8] Production and Pricing - Net oil production averaged 107 thousand barrels per day (MBbl/d) in Q3 2025, slightly down from 109 MBbl/d in Q2 2025 [6][8] - Realized oil prices without derivative settlements increased to $66.32 per barrel (Bbl) from $65.07 per Bbl in the previous quarter [6][8] - Natural gas production increased to 118 million cubic feet per day (Mmcf/d) with a realized price of $3.47 per thousand cubic feet (Mcf), up from $2.79 per Mcf in Q2 2025 [6][8] Capital Investments and Liquidity - CRC's total capital investments for Q3 2025 were $91 million, with $43 million allocated to drilling, completions, and workover capital [7][8] - As of September 30, 2025, CRC had $180 million in available cash and cash equivalents, with a total liquidity of $1,154 million [21][19] - The company redeemed all remaining 2026 Senior Notes for $122 million, extending its maturity profile [7][20] Shareholder Returns - The board declared a quarterly cash dividend of $0.405 per share, payable on December 15, 2025, to shareholders of record on December 1, 2025 [17][18] - CRC has returned $454 million to shareholders in the first nine months of 2025, including $352 million in share repurchases and $102 million in dividends [15][18] Sustainability Initiatives - CRC received a "Grade A" certification for its methane emissions performance, demonstrating its commitment to sustainability [22][8] - The company plans to explore decarbonized power solutions in California through a memorandum of understanding with Capital Power [7][22]

Core Insights - Occidental Petroleum Corporation (OXY) is well-positioned to leverage its expanding oil and gas reserves, which are essential for long-term production growth and value creation as global energy demand remains strong [1][2] Group 1: Reserve Growth and Financial Performance - The company increased its proved reserves to 4.6 billion barrels of oil equivalent (BOE) at the end of 2024, up from 3.98 billion BOE at the end of 2023, primarily due to new domestic oil, gas, and NGL reserves [3][9] - Successful exploration, improved recovery techniques, and strategic acquisitions, especially in the Permian Basin, have strengthened Occidental's asset portfolio, enhancing its ability to generate free cash flows [2][9] - Occidental's shares have outperformed the Zacks Oil and Gas-Integrated-United States industry, gaining 10.6% in the past three months while the industry declined by 5.8% [8] Group 2: Operational Flexibility and Strategic Positioning - Rising reserves improve operational flexibility, allowing the company to allocate capital efficiently across high-return projects and maintain stable production over the long term [4][6] - The dual strategy of production growth and carbon management aligns with energy transition goals, enhancing Occidental's long-term investment appeal in a carbon-conscious environment [5][9] Group 3: Earnings and Return Metrics - Occidental has delivered an average earnings surprise of 24.34% over the past four quarters, indicating stable performance [11] - The company's return on equity (ROE) stands at 16.6%, slightly below the industry average of 16.89% [12]

Financial Performance - LanzaTech reported total revenue of $9.5 million for Q1 2025, a decrease from $10.2 million in Q1 2024, primarily due to lower revenues in biorefining and Joint Development Agreement (JDA) & Contract Research businesses, partially offset by a significant increase in CarbonSmart revenue [5][6] - Biorefining revenue decreased to $2.9 million in Q1 2025 from $5.0 million in Q1 2024, attributed to the completion of engineering and service contracts [6] - JDA & Contract Research revenue fell to $2.4 million in Q1 2025 from $4.3 million in Q1 2024, due to the completion of certain government projects [6] - CarbonSmart revenue increased significantly to $4.2 million in Q1 2025 from $0.9 million in Q1 2024, driven by direct fuel sales and new licensing arrangements [6] Cost and Expenses - The cost of revenue for Q1 2025 was $7.5 million, up from $6.8 million in Q1 2024, influenced by a change in revenue mix and margin contraction in the biorefining business [7] - Operating expenses rose to $33.0 million in Q1 2025 from $29.6 million in Q1 2024, primarily due to costs associated with business focus and strategic evaluations [8] Net Loss and Adjusted EBITDA - The net loss for Q1 2025 was $19.2 million, an improvement from a net loss of $25.5 million in Q1 2024, mainly due to a non-cash gain on financial instruments [9] - Adjusted EBITDA loss increased to $30.5 million in Q1 2025 from $22.1 million in Q1 2024, attributed to higher selling, general and administrative expenses and lower revenue [10] Balance Sheet and Liquidity - As of March 31, 2025, LanzaTech had $23.4 million in total cash and investments, down from $58.1 million at the end of 2024 [11] - The company closed $40 million of preferred equity capital in May 2025, but ongoing liquidity initiatives raise concerns about its ability to continue as a going concern [5][11] Company Overview - LanzaTech Global, Inc. is focused on transforming waste carbon into sustainable fuels, chemicals, materials, and protein through its biorecycling technology [12]

Financial Data and Key Metrics Changes - Revenue for Q1 2025 was approximately $2.2 million, down from $5.4 million in the same quarter last year, reflecting the impact of divestitures in the second half of 2024 [20] - Lease operating expense for the quarter was $1.6 million or $34.23 per BOE, compared to $3.2 million or $29.2 per BOE in the same quarter last year, indicating a decrease due to divestitures [21] - Cash position stood at over $10.5 million as of March 31, 2025, reflecting net cash proceeds of $10.3 million from a successful equity offering [22] Business Line Data and Key Metrics Changes - The company is focusing on the development of its Montana industrial gas project, which includes workovers, flow testing, and drilling new development wells [7][8] - The processing plant at Ki Bin Dome is expected to process approximately 17 million cubic feet of raw gas per day, with an estimated cost of $15 million [11] - The company anticipates sequestering approximately 250,000 metric tons of CO2 annually once the processing plant is operational [13] Market Data and Key Metrics Changes - The helium market remains steady, with current pricing around $400 per Mcf, down from previous peaks [34] - The largest growth forecast for helium demand is in the semiconductor industry, which is expected to drive future growth [33] Company Strategy and Development Direction - The company aims to build a full cycle platform from production and processing to long-term carbon storage while maintaining disciplined capital allocation [15] - The strategy includes monetizing legacy hydrocarbon assets while investing in the core Montana project [16] - The company positions itself as a first mover in the industrial gas sector with a unique non-hydrocarbon gas stream, providing a competitive advantage [14] Management Comments on Operating Environment and Future Outlook - Management expressed optimism about the future, highlighting the transformational opportunity presented by the Montana project [14] - The company has de-risked its project year to date and is on track to launch and grow its initiatives within the next twelve months [41] Other Important Information - The company has repurchased approximately 832,000 shares, representing roughly 2.5% of its outstanding float, reflecting management's confidence in the stock's value [17] - The company is in talks to renew and extend its credit agreement, expected to be completed in Q2 2025 [22] Q&A Session Summary Question: Was the cost of the processing plant higher than expectations? - Management clarified that the cost was in line with expectations, considering the complexity of the infrastructure and production requirements [27][29] Question: Could the completion of the processing plant bleed into Q2 2026? - Management indicated that completion could be at the end of Q1 or the beginning of Q2 2026, depending on weather conditions [31] Question: Can you provide an update on the helium markets? - Management noted that the helium market remains steady, with pricing around $400 per Mcf, and highlighted the semiconductor industry as a key growth area [34][36]

Core Viewpoint - Occidental announced its first quarter 2025 financial results, with further details available on its website and the SEC [1] Financial Results - The company will hold a conference call on May 8, 2025, to discuss the financial results, accessible via phone or webcast [2] Company Overview - Occidental is an international energy company with significant assets in the U.S., Middle East, and North Africa, being one of the largest oil and gas producers in the U.S. [3] - The company operates in the Permian and DJ basins and offshore Gulf of America, with a midstream and marketing segment that enhances the value of its oil and gas [3] - Occidental is committed to carbon management and advancing lower-carbon technologies through its Oxy Low Carbon Ventures subsidiary [3]