Gevo reports Q3 EPS (3c), consensus (6c)

Reports Q3 revenue $42.71M, consensus $31.37M. “In large part we are a different company than a year ago,” commented Patrick Gruber, Gevo‘s (GEVO) Chief Executive Officer. “Our consecutive quarter of positive Adjusted EBITDA shows that our baseline business model works. The team is executing, our assets are performing, and we’re creating real value by treating carbon as a co-product and delivering its value to end markets that are most willing and able to pay for it. We are generating positive Adjusted EBITDA, and we have plans to make it even stronger. Our profitability as a company doesn’t depend on deploying jet fuel. We do however remain committed to developing the jet fuel business, as we expect jet fuel sales to add significant Adjusted EBITDA to our business.”