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Gevo(GEVO) - 2024 Q3 - Earnings Call Transcript
2024-11-08 01:13
Gevo, Inc. (NASDAQ:GEVO) Q3 2024 Earnings Conference Call November 7, 2024 4:30 PM ET Company Participants Eric Frey - Vice President, Finance & Strategy Patrick Gruber - Chief Executive Officer Lynn Smull - Chief Financial Officer Conference Call Participants Sameer Joshi - H.C. Wainwright Saumya Jain - UBS Peter Gastreich - Water Tower Research Emily Sorensen - Sorensen Farms Operator Good day and thank you for standing by. Welcome to the Gevo Incorporated Quarter Three 2024 Earnings Conference Call. At t ...
Gevo, Inc. (GEVO) Reports Q3 Loss, Lags Revenue Estimates
ZACKS· 2024-11-07 23:51
Gevo, Inc. (GEVO) came out with a quarterly loss of $0.09 per share versus the Zacks Consensus Estimate of a loss of $0.10. This compares to loss of $0.07 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 10%. A quarter ago, it was expected that this company would post a loss of $0.09 per share when it actually produced a loss of $0.09, delivering no surprise.Over the last four quarters, the company has surpassed consensus EPS e ...
Gevo(GEVO) - 2024 Q3 - Quarterly Report
2024-11-07 21:08
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, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES AND EXCHANGE ACT OF 1934 | --- | --- | --- | |----------------------------------------------------------------------------------------------------------------------|---------------------------------- ...
Gevo(GEVO) - 2024 Q3 - Quarterly Results
2024-11-07 21:04
Exhibit 99.1 345 Inverness Drive South Building C, Suite 310 Englewood, CO 80112 t 303-858-8358 f 303-858-8431 gevo.com Gevo Reports Third Quarter 2024 Financial Results Gevo to Host Conference Call Today at 4:30 p.m. ET ENGLEWOOD, Colo. – November 7, 2024 - Gevo, Inc. (NASDAQ: GEVO) ("Gevo", the "Company", "we", "us" or "our") today announced financial results for the third quarter 2024 and recent corporate highlights. Recent Corporate Highlights · Net-Zero 1 ("NZ1"): Gevo has received a conditional commit ...
Gevo to Report Third Quarter 2024 Financial Results on November 7, 2024
GlobeNewswire News Room· 2024-10-24 16:46
ENGLEWOOD, Colo., Oct. 24, 2024 (GLOBE NEWSWIRE) -- Gevo, Inc. (NASDAQ: GEVO) announced today that it will host a conference call on November 7, 2024, at 4:30 p.m. ET (2:30 p.m. MT) to report its financial results for the third quarter ended September 30, 2024. To participate in the live call, please register through the following event weblink: https://register.vevent.com/register/BId0c13b561f9d442ba7211ad0cbc56dbc After registering, participants will be provided with a dial-in number and pin. To listen to ...
Gevo Secures Conditional Commitment from U.S. Department of Energy Loan Programs Office for its Net-Zero 1 Sustainable Aviation Fuel Plant in South Dakota
GlobeNewswire News Room· 2024-10-16 20:53
ENGLEWOOD, Colo., Oct. 16, 2024 (GLOBE NEWSWIRE) -- Gevo, Inc. (NASDAQ: GEVO), a leading developer of net-zero hydrocarbon fuels and chemicals, is pleased to announce it received a conditional commitment for a loan guarantee with disbursements totaling $1.46 billion (excluding capitalized interest during construction) from the U.S. Department of Energy ("DOE") Loan Programs Office ("LPO") for its NetZero 1 project ("NZ1") in South Dakota. With capitalized interest during construction, the DOE loan facility ...
Gevo Acquires CultivateAI for its Verity Business Unit
GlobeNewswire News Room· 2024-09-26 12:55
Core Insights - Gevo, Inc. has acquired Cultivate Agricultural Intelligence, LLC for $6 million in cash, with potential additional earn-out payments for the sellers [1] - CultivateAI is expected to generate $1.7 million in revenue for 2024 and is already cash flow positive [1] - The acquisition aims to enhance Verity's business development by integrating CultivateAI's agricultural data and analytics platform with Verity's carbon accounting solutions [2][3] Company Overview - Gevo's mission focuses on converting renewable energy and biogenic carbon into sustainable fuels and chemicals, aiming for a net zero or better carbon footprint [5] - The company operates one of the largest dairy-based renewable natural gas facilities in the U.S. and the world's first production facility for specialty alcohol-to-jet fuels [5] - Verity, a wholly owned subsidiary of Gevo, specializes in tracking and verifying carbon intensity across the full carbon lifecycle [6] CultivateAI Overview - CultivateAI offers a cloud-based, mobile platform that provides real-time analytics to help agricultural operations make informed, data-driven decisions [7] - The platform is designed to assist farm operators, agronomists, ag-service providers, and researchers in improving production, managing risk, and maximizing profitability [7] Strategic Goals - The integration of CultivateAI is expected to accelerate revenue growth for Verity by expanding its client base beyond the biofuel segment and creating new revenue streams [3][4] - Gevo aims to enhance customer relationships and revenue opportunities through the development of new products and services that improve business understanding [4]
Gevo, Inc. Announces Sale of Approximately $20 Million of Investment Tax Credits Generated by the Gevo NW Iowa RNG Facility Under Inflation Reduction Act, Helping to Drive Further Investment in Clean Energy
GlobeNewswire News Room· 2024-09-19 12:55
ENGLEWOOD, Colo., Sept. 19, 2024 (GLOBE NEWSWIRE) -- Gevo, Inc. (NASDAQ: GEVO) is pleased to announce the sale of approximately $20 million in Investment Tax Credits to an undisclosed corporate buyer. This transaction monetizes Inflation Reduction Act ("IRA") Investment Tax Credits generated from the commercialization of a renewable natural gas ("RNG") production facility by Gevo NW Iowa RNG, LLC ("Gevo RNG") and provides net cash proceeds of approximately $17 million to Gevo after transaction fees. The Gev ...
U.S. Grants Gevo a Patent for Breakthrough Ethanol-to-Olefin Process
GlobeNewswire News Room· 2024-09-16 12:55
ENGLEWOOD, Colo., Sept. 16, 2024 (GLOBE NEWSWIRE) -- Gevo, Inc. (NASDAQ: GEVO) is proud to announce the U.S. Patent and Trademark Office has granted to Gevo, a patent for its ethanol to olefins ("ETO") process. This patent further cements Gevo's position as a leader in intellectual property ("IP") surrounding biobased renewable fuel and chemical production from alcohols. Gevo has been awarded U.S. Patent No. 12,043,587 B2 covering the ETO process. This patent protects the process of using certain proprietar ...
Gevo to Supply Renewable Hydrocarbon-Based Low-Carbon Intensity Racing Fuel Blendstock to Shell
GlobeNewswire News Room· 2024-08-21 20:01
ENGLEWOOD, Colo., Aug. 21, 2024 (GLOBE NEWSWIRE) -- Gevo, Inc. (NASDAQ: GEVO) announced a purchase agreement for its low-carbon intensity fuel blendstock with Shell Global Solutions Deutschland GmbH ("Shell") for use in motorsports. Gevo's renewable blendstock is suitable for premium motorsport fuels, demonstrating that sustainability and peak performance belong together. Beginning with performance, Gevo's low-carbon intensity fuel blendstock is expected to meet the robust demands of grueling racing schedul ...