Gevo reports Q2 EPS 1c, consensus (5c)

Reports Q2 revenue $43.41M, consensus $43.69M. “This was a landmark quarter for us,” commented Patrick Gruber, Gevo‘s (GEVO) CEO. “Our results are delivering on the targets we said we would achieve this year, even sooner than we expected. We said we would grow recurring Adjusted EBITDA, and it has begun-real cash flow, not one-time, not speculative. It’s coming from running our GevoND operations efficiently, capturing carbon, and selling voluntary carbon credits as CDRs and CFPCs, in addition to ethanol, protein, corn oil, and RNG sales. All of this sets the stage for growth of SAF production, more liquid fuel production, more CDRs and more CFPCs.”