Overview
Gevo Q3 revenue beats analyst expectations, marking a second consecutive positive Adjusted EBITDA
Company signed multi-year carbon credit sales agreement, expected to generate $26 mln over five years
Gevo sold subsidiary Agri-Energy, eliminating $3 mln in annual idling costs
Outlook
Gevo targets mid-2026 for Final Investment Decision on ATJ-30 facility
Company aims for $3-5 mln carbon co-product sales by end of 2025
Gevo sees potential for $100 mln in adjusted EBITDA through optimization
Result Drivers
CONSISTENT PERFORMANCE - Gevo attributes positive Adjusted EBITDA to consistent performance at its North Dakota and RNG facilities
COST REDUCTION - Sale of Agri-Energy subsidiary eliminates $3 mln in annual idling costs
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q3 Revenue | Beat | $42.71 mln | $39.50 mln (5 Analysts) |
Q3 Net Income | -$7.58 mln | ||
Q3 Basic EPS | -$0.03 | ||
Q3 EBIT | -$3.69 mln | ||
Q3 Operating Expenses | $46.40 mln |
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 2 "strong buy" or "buy", 2 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the renewable fuels peer group is "hold."
Wall Street's median 12-month price target for Gevo Inc is $2.63, about 16.6% above its November 7 closing price of $2.19
Press Release: ID:nGNX1kqmdr
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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)