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GlobeNewswire·

Gevo Reports Record Third Quarter 2026 Financial Results

GEVO
  • Gevo reported record third-quarter 2026 revenue of $83 million, a significant increase from $43 million in the same period of 2025.
  • The company achieved net income of $23 million, or $0.09 per diluted share, compared to a net loss of $8 million per share in the prior year.
  • Non-GAAP Adjusted EBITDA reached $44 million for the quarter, up from $7 million in the third quarter of 2025.
  • Cash flow from operations was $41 million for the quarter, with the company ending the period holding $68 million in cash.
  • Approximately $29.4 million of the quarter's revenue was generated from sales of Canadian Clean Fuel Regulation credits.
  • Gevo raised its full-year 2026 non-GAAP Adjusted EBITDA guidance to greater than $90 million, with 2027 guidance set above $70 million.
  • The carbon business is projected to generate over $50 million in revenue for 2026, driven by regulatory and voluntary market sales.
  • The company secured $70 million in contracted sales of Section 45Z tax credits for 2026 ethanol and RNG production.
  • A debottlenecking project at the North Dakota facility is nearing completion, expected to increase low-carbon ethanol production capacity to 75 million gallons annually by year-end 2026.
  • Low-carbon ethanol production totaled 19 million gallons in the third quarter of 2026, while RNG production was 91,729 MMBtu.
  • Gevo is progressing toward securing financing for an expansion project to double ethanol production and carbon capture capacity starting in 2028.
  • Project Northstar continues to secure commercial offtake agreements for sustainable aviation fuel to convert ethanol production into SAF.
  • A $10 million annual increase in gross profit is expected from RNG assets due to improved GREET model recognition of avoided methane emissions.
  • Consolidated balance sheets show total assets of $540.2 million as of September 30, 2026, with total liabilities at $231.7 million.
Company
Gevo, Inc.
Keywords
Nasdaq:GEVO, Gevo, Inc., RNG, SAF, ethanol, CCS, low carbon, biofuel, carbon intensity