Verde Clean Fuels Inc (VGAS)

Verde Clean Fuels, Inc. Reports Q1 2026 ResultsMay 11, 2026 6:28 PM
Business Wire Maintains strong balance sheet with $54.3 million cash and no debt Continues to advance strategic alternatives process and cost savings initiatives Verde Clean Fuels, Inc. (“Verde” or the "Company”) (Nasdaq: VGAS) announced today financial results for the first quarter 2026. “We continue to advance our strategy of disciplined technology deployment while significantly reducing costs and preserving balance sheet strength. We also continue to evaluate strategic opportunities that could maximize shareholder value, including partnerships, mergers, or other strategic transactions,” said George Burdette, CEO of Verde. As of March 31, 2026, the Company had $54.3 million of cash and cash equivalents and no debt. The Company's cash and cash equivalents exceeded its previously issued guidance of more than $50 million by quarter-end. Shares outstanding remained unchanged at 44.5 million shares including both Class A and Class C common stock. For the first quarter 2026, the Company recorded a net loss of $(2.3) million and diluted net loss per share of Class A common stock of $(0.05) compared to a net loss of $(2.7) million and diluted loss per share of Class A common stock of $(0.08) for the same period in 2025. The decrease was primarily due to lower general and administrative expenses resulting from implementing cost savings initiatives targeting a 50% reduction in costs in 2026 as compared to 2025. About Verde Clean Fuels, Inc. Verde owns an innovative and proprietary gas-to-liquids processing technology capable of converting low-value or stranded feedstocks into higher-value clean transportation fuels. Our synthesis gas (“syngas”)-to-gasoline plus (STG+®) process is designed to convert syngas, derived from a variety of feedstocks, including natural gas and biomass, into fully finished liquid fuels that require no additional refining. The STG+® technology is engineered for industrial-scale deployment and intended to be delivered in standardized modular units. Over $150 million has been invested in the development and demonstration of the STG+® technology since 2007, including the construction and operation of a demonstration plant that has completed over 10,000 hours of operation. Forward-Looking Statements This press release contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements, other than statements of present or historical fact included herein, regarding the Company’s expectations and any future financial performance, the Company’s strategy, future operations, financial position, prospects, plans, goals and objectives of management are forward-looking statements. The words “could,” “should,” “would,” “will,” “aim,” “may,” “focus,” “believe,” “anticipate,” ”intend,” “estimate,” “expect,” “advance,” ”project,” “plan,” “potential,” "goal,” “strategy,” “proposed,” “positions,” the negative of such terms and other similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain such identifying words. Such forward-looking statements are not guarantees of future performance, conditions or results, and involve a number of known and unknown risks, uncertainties, assumptions and other important factors, many of which are outside the control of the Company, that could cause actual results or outcomes to differ materially from those discussed in the forward-looking statements. These forward-looking statements are based on management’s current expectations and assumptions about future events and are based on currently available information as to the outcome and timing of future events. Except as otherwise required by applicable law, the Company disclaims any duty to update any forward-looking statements, all of which are expressly qualified by the statements in this section, to reflect events or circumstances after the date hereof. The Company cautions you that these forward-looking statements are subject to risks and uncertainties, most of which are difficult to predict and many of which are beyond the Company’s control. These risks and uncertainties include, but are not limited to: changes in general economic, financial, legal, regulatory, political, governmental and business conditions; changes in domestic and foreign markets and policies; the failure of the Company to deploy its technology; the failure of the Company to commercialize its technology for any reason; the failure of the Company to complete any transaction; the risks and uncertainties relating to the implementation of the Company’s strategy and the timing of any business milestone; and delays in acquisition, financing, construction and development of any potential project. Should one or more of the risks or uncertainties described herein and in any oral statements made in connection therewith occur, or should underlying assumptions prove incorrect, actual results and plans could differ materially from those expressed in any forward-looking statements. There may be additional risks that the Company presently does not know or that the Company currently believes are immaterial that could cause actual results to differ from those contained in the forward-looking statements. Additional information concerning these and other factors that may impact the Company’s expectations and projections can be found in the Company’s filings with the Securities and Exchange Commission (the “SEC”). The Company’s filings with the SEC are available publicly on the SEC’s website at www.sec.gov. VERDE CLEAN FUELS, INC. CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited)       Three Months Ended March 31, (in thousands, except share and per share amounts)   2026   2025 General and administrative expenses   $ 2,673     $ 2,998   Research and development expenses     181       183   Total operating loss     2,854       3,181             Other (income)     (507 )     (530 ) Loss before income taxes     (2,347 )     (2,651 ) Income tax expense     46       53   Net loss   $ (2,393 )   $ (2,704 ) Net loss attributable to noncontrolling interest   $ (1,186 )   $ (1,457 ) Net loss attributable to Verde Clean Fuels, Inc.   $ (1,207 )   $ (1,247 )           Earnings per share         Weighted average Class A common stock outstanding, basic and diluted     22,070,453       14,808,300   Loss per share of Class A common stock   $ (0.05 )   $ (0.08 ) VERDE CLEAN FUELS, INC. CONSOLIDATED BALANCE SHEETS (Unaudited)       As of (in thousands, except share and per share amounts)   March 31, 2026   December 31, 2025 ASSETS         Current assets:         Cash and cash equivalents   $ 54,281     $ 57,215   Restricted cash     100       100   Accounts receivable – other     4       145   Prepaid expenses and other current assets     943       466   Total current assets     55,328       57,926             Non-current assets:         Property, plant and equipment, net     57       62   Intellectual property and patented technology     1,925       1,925   Operating lease right-of-use assets, net     439       173   Deposits     161       161   Total non-current assets     2,582       2,321   Total assets   $ 57,910     $ 60,247             LIABILITIES AND STOCKHOLDERS’ EQUITY         Current liabilities:         Accounts payable   $ 284     $ 985   Accrued liabilities     786       906   Operating lease liabilities     429       174   Other current liabilities     41       35   Total current liabilities     1,540       2,100             Non-current liabilities:         Operating lease liabilities     32       12   Total non-current liabilities     32       12   Total liabilities     1,572       2,112   Commitments and contingencies                   Stockholders’ equity         Class A common stock, par value $0.0001 per share, 22,049,621 shares issued and outstanding as of March 31, 2026 and December 31, 2025, respectively     2       2   Class C common stock, par value $0.0001 per share, 22,500,000 shares issued and outstanding as of March 31, 2026 and December 31, 2025, respectively     2       2   Additional paid in capital     64,666       64,070   Accumulated deficit     (35,422 )     (34,215 ) Noncontrolling interest     27,090       28,276   Total stockholders’ equity     56,338       58,135   Total liabilities and stockholders’ equity   $ 57,910     $ 60,247     View source version on businesswire.com: https://www.businesswire.com/news/home/20260511211390/en/ Investor Relations:
Caldwell Bailey (ICR)
verdeIR@icrinc.com Original: Verde Clean Fuels, Inc. Reports Q1 2026 Results

Verde Clean Fuels, Inc. Reports Q4 and FY 2025 ResultsMarch 27, 2026 4:15 PM
Business Wire
Verde Clean Fuels, Inc. (“Verde” or the "Company”) (NASDAQ: VGAS) announced today financial results for the fourth quarter and full year 2025.


“We remain focused on our revised strategy to deploy our technology while remaining extremely disciplined with our resources. Related to our revised strategy, we are also continuing to evaluate strategic alternatives that may be available to us, including a potential sale or merger," said George Burdette, CEO of Verde.


The Company ended the year 2025 with $57.2 million of cash and cash equivalents and no debt.


For the fourth quarter 2025, the Company recorded a net loss of $(6.6) million and diluted net loss per share of Class A common stock of $(0.17). For the year ended 2025, the Company recorded a net loss of $(14.1) million and diluted loss per share of Class A common stock of $(0.39). The Company’s net loss for both the fourth quarter and full year 2025 reflected ongoing general and administrative expenses and a non-cash, one time impairment charge of $3.9 million related to the Permian Basin project, which was suspended in February 2026.


About Verde Clean Fuels, Inc.


Verde owns an innovative and proprietary gas-to-liquids processing technology capable of converting low-value or stranded feedstocks into higher-value clean transportation fuels. Our synthesis gas (“syngas”)-to-gasoline plus (STG+®) process is designed to convert syngas, derived from a variety of feedstocks, including natural gas and biomass, into fully finished liquid fuels that require no additional refining. The STG+® technology is engineered for industrial-scale deployment and intended to be delivered in standardized modular units. Over $110 million has been invested in the development and demonstration of the STG+® technology since 2007, including the construction and operation of a demonstration plant that has completed over 10,000 hours of operation.


Forward-Looking Statements


This press release contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements, other than statements of present or historical fact included herein, regarding the Company’s expectations and any future financial performance, the Company’s strategy, future operations, financial position, prospects, plans, goals and objectives of management are forward-looking statements. The words “could,” “should,” “would,” “will,” “aim,” “may,” “focus,” “believe,” “anticipate,” ”intend,” “estimate,” “expect,” “advance,” ”project,” “plan,” “potential,” "goal,” “strategy,” “proposed,” “positions,” the negative of such terms and other similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain such identifying words. Such forward-looking statements are not guarantees of future performance, conditions or results, and involve a number of known and unknown risks, uncertainties, assumptions and other important factors, many of which are outside the control of the Company, that could cause actual results or outcomes to differ materially from those discussed in the forward-looking statements. These forward-looking statements are based on management’s current expectations and assumptions about future events and are based on currently available information as to the outcome and timing of future events. Except as otherwise required by applicable law, the Company disclaims any duty to update any forward-looking statements, all of which are expressly qualified by the statements in this section, to reflect events or circumstances after the date hereof. The Company cautions you that these forward-looking statements are subject to risks and uncertainties, most of which are difficult to predict and many of which are beyond the Company’s control. These risks and uncertainties include, but are not limited to: changes in general economic, financial, legal, regulatory, political, governmental and business conditions; changes in domestic and foreign markets and policies; the failure of the Company to deploy its technology; the failure of the Company to commercialize its technology for any reason; the failure of the Company to complete any transaction; the risks and uncertainties relating to the implementation of the Company’s strategy and the timing of any business milestone; and delays in acquisition, financing, construction and development of any potential project. Should one or more of the risks or uncertainties described herein and in any oral statements made in connection therewith occur, or should underlying assumptions prove incorrect, actual results and plans could differ materially from those expressed in any forward-looking statements. There may be additional risks that the Company presently does not know or that the Company currently believes are immaterial that could cause actual results to differ from those contained in the forward-looking statements. Additional information concerning these and other factors that may impact the Company’s expectations and projections can be found in the Company’s filings with the Securities and Exchange Commission (the “SEC”). The Company’s filings with the SEC are available publicly on the SEC’s website at www.sec.gov.


VERDE CLEAN FUELS, INC.

CONSOLIDATED STATEMENTS OF OPERATIONS




 






Three Months Ended




December 31,






 






For The Year Ended




December 31,








 






(Unaudited)






 






 








(in thousands, except share and per share amounts)






 






2025






 






 






 






2024






 






 






 






2025






 






 






 






2024






 








General and administrative expenses






$






3,083






 






 






$






2,734






 






 






$






11,927






 






 






$






11,206






 








Research and development expenses






 






134






 






 






 






101






 






 






 






591






 






 






 






451






 








Impairment of property, plant and equipment






 






3,936






 






 






 






—






 






 






 






3,936






 






 






 






—






 








Total operating loss






 






7,153






 






 






 






2,835






 






 






 






16,454






 






 






 






11,657






 








 






 






 






 






 






 






 






 








Other (income)






 






(579






)






 






 






(239






)






 






 






(2,425






)






 






 






(1,193






)








Loss before income taxes






 






(6,574






)






 






 






(2,596






)






 






 






(14,029






)






 






 






(10,464






)








Income tax expense






 






(23






)






 






 






65






 






 






 






106






 






 






 






51






 








Net loss






$






(6,551






)






 






$






(2,661






)






 






$






(14,135






)






 






$






(10,515






)








Net loss attributable to noncontrolling interest






$






(3,255






)






 






$






(1,780






)






 






$






(7,177






)






 






$






(7,181






)








Net loss attributable to Verde Clean Fuels, Inc.






$






(3,296






)






 






$






(881






)






 






$






(6,958






)






 






$






(3,334






)








 






 






 






 






 






 






 






 








Earnings per share






 






 






 






 






 






 






 








Weighted average Class A common stock outstanding, basic and diluted






 






18,836,078






 






 






 






6,336,078






 






 






 






17,842,927






 






 






 






6,286,033






 








Loss per share of Class A common stock






$






(0.17






)






 






$






(0.14






)






 






$






(0.39






)






 






$






(0.53






)







VERDE CLEAN FUELS, INC.

CONSOLIDATED BALANCE SHEETS




 






As of December 31,








(in thousands, except share and per share amounts)






 






2025






 






 






 






2024






 








ASSETS






 






 






 








Current assets:






 






 






 








Cash and cash equivalents






$






57,215






 






 






$






19,044






 








Restricted cash






 






100






 






 






 






100






 








Accounts receivable – other






 






145






 






 






 






226






 








Prepaid expenses and other current assets






 






466






 






 






 






804






 








Total current assets






 






57,926






 






 






 






20,174






 








 






 






 






 








Non-current assets:






 






 






 








Property, plant and equipment, net






 






62






 






 






 






1,096






 








Intellectual property and patented technology






 






1,925






 






 






 






1,925






 








Operating lease right-of-use assets, net






 






173






 






 






 






216






 








Deposits






 






161






 






 






 






161






 








Total non-current assets






 






2,321






 






 






 






3,398






 








Total assets






$






60,247






 






 






$






23,572






 








 






 






 






 








LIABILITIES AND STOCKHOLDERS’ EQUITY






 






 






 








Current liabilities:






 






 






 








Accounts payable






$






985






 






 






$






734






 








Accrued liabilities






 






906






 






 






 






1,907






 








Operating lease liabilities






 






174






 






 






 






154






 








Other current liabilities






 






35






 






 






 






16






 








Total current liabilities






 






2,100






 






 






 






2,811






 








 






 






 






 








Non-current liabilities:






 






 






 








Operating lease liabilities






 






12






 






 






 






78






 








Total non-current liabilities






 






12






 






 






 






78






 








Total liabilities






 






2,112






 






 






 






2,889






 








Commitments and Contingencies






 






 






 








 






 






 






 








Stockholders’ equity






 






 






 








Class A common stock, par value $0.0001 per share, 22,049,621 and 9,549,621 shares issued and outstanding as of December 31, 2025 and December 31, 2024, respectively






 






2






 






 






 






1






 








Class C common stock, par value $0.0001 per share, 22,500,000 shares issued and outstanding as of December 31, 2025 and December 31, 2024, respectively






 






2






 






 






 






2






 








Additional paid in capital






 






64,070






 






 






 






37,503






 








Accumulated deficit






 






(34,215






)






 






 






(27,257






)








Noncontrolling interest






 






28,276






 






 






 






10,434






 








Total stockholders’ equity






 






58,135






 






 






 






20,683






 








Total liabilities and stockholders’ equity






$






60,247






 






 






$






23,572






 







 

View source version on businesswire.com: https://www.businesswire.com/news/home/20260327133438/en/
Investor Relations:

Caldwell Bailey (ICR)

verdeIR@icrinc.com


Original: Verde Clean Fuels, Inc. Reports Q4 and FY 2025 Results

VGAS...........................https://stockcharts.com/sc3/ui/?s=VGAS&p=w&b=5&g=0&id=p86431144783

Verde Clean Fuels, Inc. Announces New CEO and Engagement of Financial Advisor to Evaluate Strategic AlternativesMarch 20, 2026 6:13 PM
Business Wire

George Burdette, current Chief Financial Officer, appointed Chief Executive Officer



Roth Capital Partners retained as financial advisor to evaluate strategic alternatives, including potential merger or sale



Verde Clean Fuels, Inc. (NASDAQ: VGAS) (“Verde” or the “Company”) announced today the appointment of George Burdette as Chief Executive Officer (“CEO”) and engagement of Roth Capital Partners (“Roth”) as financial advisor to assist the Company in evaluating strategic alternatives. These announcements are part of the Company’s continued advancement of its previously announced restructuring and cost reduction initiatives. Mr. Burdette succeeds Ernie Miller who is stepping down from his role as CEO to pursue another opportunity. Mr. Miller will remain with the Company as a senior advisor. Mr. Burdette, who has served as the Company’s Chief Financial Officer (“CFO”) since October 2024, will also continue in that role.


“George has been deeply involved in the Company’s financial strategy and restructuring initiatives and brings strong financial and operational leadership. He is well positioned to lead Verde as we move into our next phase focused on capital-lite opportunities to deploy our STG+® technology. On behalf of the Company, I would also like to thank Ernie for his service and contributions,” said Ron Hulme, Chairman of the Company’s Board of Directors.


Mr. Burdette commented, “I am excited about the opportunity to lead Verde on executing our revised strategy focused on the most optimal path to deploy our technology while being extremely disciplined with our resources. Related to our revised strategy, we are moving forward with a structured process to evaluate strategic alternatives that may be available to us, including a potential sale or merger. I look forward to working closely with our Board and advisors on this process to execute efficiently and maximize shareholder value.”


Mr. Burdette is a proven senior executive with more than 20 years of experience in financial, corporate development, and commercial leadership. Mr. Burdette has successfully led global teams in both public and private equity companies and has executed more than $8 billion of complex mergers, acquisitions, divestitures, and financings. Prior to joining the Company, Mr. Burdette served as CFO of Arbor Renewable Gas, a private equity owned renewable fuels platform. Prior to Arbor, Mr. Burdette served as CFO of Itafos (TSX-V: IFOS), a publicly traded, global phosphate fertilizer producer (TSX-V: IFOS), where he was instrumental in shaping strategy to navigate through an extreme market downturn and reposition for success. Prior to Itafos, Mr. Burdette was head of project finance at First Solar (NASDAQ: FSLR), where he led numerous complex transactions, including the sale of 8point3 Energy Partners LP (NASDAQ: CAFD), a publicly traded joint venture yieldco. Prior to First Solar, Mr. Burdette held various finance, corporate development, and investment management roles in energy infrastructure and private equity.


The Company previously initiated a restructuring and cost optimization program designed to align its operating structure with its strategic priorities and significantly reduce operating expenses. As part of its ongoing effort to maximize shareholder value, the Company has retained Roth as financial advisor to evaluate strategic alternatives that may be available to the Company. These alternatives may include, among other options, a strategic partnership, merger, sale of the Company, asset sale, licensing arrangement, capital raise or other transactions involving the Company’s STG+® technology platform or assets.


There can be no assurance that this exploration of strategic alternatives will result in the Company entering or completing any transaction, and no timetable has been set for the conclusion of the strategic review. The Company has not entered into any binding agreement at this time and there can be no assurance that any transaction will occur. The Company does not intend to disclose developments related to this process unless and until it determines that further disclosure is appropriate or required.


About Verde Clean Fuels, Inc.


Verde owns an innovative and proprietary gas-to-liquids processing technology capable of converting low-value or stranded feedstocks into higher-value clean transportation fuels. Our synthesis gas (“syngas”)-to-gasoline plus (STG+® ) process is designed to convert syngas, derived from a variety of feedstocks, including natural gas and biomass, into fully finished liquid fuels that require no additional refining. The STG+® technology is engineered for industrial-scale deployment and intended to be delivered in standardized modular units. Over $110 million has been invested in the development and demonstration of the STG+® technology since 2007, including the construction and operation of a demonstration plant that has completed over 10,000 hours of operation.


Forward-Looking Statements


This press release contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements, other than statements of present or historical fact included herein, regarding the Company’s expectations and any future financial performance, the Company’s strategy, future operations, financial position, prospects, plans, goals and objectives of management are forward-looking statements. The words “could,” “should,” “would,” “will,” “aim,” “may,” “focus,” “believe,” “anticipate,” ”intend,” “estimate,” “expect,” “advance,” ”project,” “plan,” “potential,” "goal,” “strategy,” “proposed,” “positions,” the negative of such terms and other similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain such identifying words. Such forward-looking statements are not guarantees of future performance, conditions or results, and involve a number of known and unknown risks, uncertainties, assumptions and other important factors, many of which are outside the control of the Company, that could cause actual results or outcomes to differ materially from those discussed in the forward-looking statements. These forward-looking statements are based on management’s current expectations and assumptions about future events and are based on currently available information as to the outcome and timing of future events. Except as otherwise required by applicable law, the Company disclaims any duty to update any forward-looking statements, all of which are expressly qualified by the statements in this section, to reflect events or circumstances after the date hereof. The Company cautions you that these forward-looking statements are subject to risks and uncertainties, most of which are difficult to predict and many of which are beyond the Company’s control. These risks and uncertainties include, but are not limited to: changes in general economic, financial, legal, regulatory, political, governmental and business conditions; changes in domestic and foreign markets and policies; the failure of the Company to deploy its technology; the failure of the Company to commercialize its technology for any reason; the failure of the Company to complete any transaction; the risks and uncertainties relating to the implementation of the Company’s strategy and the timing of any business milestone; and delays in acquisition, financing, construction and development of any potential project. Should one or more of the risks or uncertainties described herein and in any oral statements made in connection therewith occur, or should underlying assumptions prove incorrect, actual results and plans could differ materially from those expressed in any forward-looking statements. There may be additional risks that the Company presently does not know or that the Company currently believes are immaterial that could cause actual results to differ from those contained in the forward-looking statements. Additional information concerning these and other factors that may impact the Company’s expectations and projections can be found in the Company’s filings with the Securities and Exchange Commission (the “SEC”). The Company’s filings with the SEC are available publicly on the SEC’s website at www.sec.gov.

View source version on businesswire.com: https://www.businesswire.com/news/home/20260320115822/en/
Investor Relations:

Caldwell Bailey (ICR)

verdeIR@icrinc.com


Original: Verde Clean Fuels, Inc. Announces New CEO and Engagement of Financial Advisor to Evaluate Strategic Alternatives

VGAS...................https://stockcharts.com/sc3/ui/?s=VGAS&p=w&b=5&g=0&id=p86431144783

VGAS...............................https://stockcharts.com/sc3/ui/?s=VGAS&p=w&b=5&g=0&id=p86431144783