Verde Clean Fuels Inc. reported a net loss of $2.3 million, or $0.06 per diluted share, for the third quarter of 2025. For the nine months ended September 30, 2025, the net loss was $7.6 million, or $0.21 per diluted share. As of September 30, 2025, the company held $59.4 million in cash and cash equivalents and reported no debt. Construction in progress totaled $3.3 million, reflecting $9.3 million in capitalized development costs related to the Permian Basin project, offset by $6.0 million in reimbursable costs from Cottonmouth. During the period, Verde advanced front-end engineering and design for the Permian Basin natural gas-to-gasoline plant, a joint project with Cottonmouth, and continued to evaluate additional opportunities to deploy its proprietary liquid fuels processing technology.