Gevo reports Q1 EPS (9c), consensus (2c)

Reports Q1 revenue $42.95M, consensus $44.94M. “We continue to deliver solid quarterly results while strengthening and expanding our low-carbon ethanol and carbon business to provide a solid foundation for Alcohol-to-Jet growth,” said Paul Bloom, chief executive officer of Gevo (GEVO). “We are on track with our debottlenecking project, which should grow our Gevo North Dakota output by over 10% starting next year. In addition, we are advancing our expansion plans to effectively double our capacity at GND and monetize our pore space through anticipated capital partnerships with Ara Energy and others.”