Quarterly ResultMay 7, 2026, 04:10 PM
Gevo Q1 Revenue $43M; Adj. EBITDA $9M; Project Updates
AI Summary
Gevo announced its first quarter 2026 financial results, reporting revenue of $43 million and Non-GAAP Adjusted EBITDA of $9 million, a significant improvement from the prior year. The company also provided updates on its growth plans, including a preliminary agreement with Ara Energy to fund expansion at Gevo North Dakota and progress on private capital financing for its Alcohol-to-Jet project. Gevo is on track to achieve approximately $30 million of Adjusted EBITDA in 2026 and an annualized run-rate of $40 million by year-end.
Key Highlights
- Q1 2026 Revenue $43 million, up from $29 million in Q1 2025.
- Q1 2026 Non-GAAP Adjusted EBITDA $9 million, compared to $(15) million in Q1 2025.
- Q1 2026 Net loss attributable to Gevo $(22) million, flat YoY.
- Preliminary agreement with Ara Energy to fund GND expansion, targeting 2028 startup.
- Received non-binding indications of interest for private capital financing of ATJ-30 project.
- Targeting $30 million Adjusted EBITDA in 2026, up from $17 million in 2025.
- Progressed debottlenecking project at GND, targeting 75M gallons annual capacity.
- Total carbon emission reduction 140 thousand metric tons in Q1 2026.