XCF Global
Produces renewable fuels from a Reno platform while shifting offtake arrangements.
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Profile
Produces SAF, renewable diesel, renewable naphtha, and related environmental credits in one renewable-fuels segment. New Rise Reno anchors the operating model while offtake shifts from Phillips 66 toward a BGN tolling and distribution framework.
Produces sustainable aviation fuel, renewable diesel, renewable naphtha, and related environmental credits through one renewable-fuels segment. New Rise Reno is the flagship facility, with management focused on ramp-up and restart work after initial production and deliveries began before the public listing.
Sales were previously tied to a Phillips 66 supply and offtake agreement. After that agreement was terminated, the disclosed replacement path shifted toward a BGN tolling and offtake framework using XCF's production platform and BGN's trading and distribution network.
Operations are concentrated in the United States, with Houston headquarters and a Nevada operating base. The proposed Southern Energy and DevvStream combination remains subject to approvals, financing, plant-conversion milestones, and other closing conditions.
Company facts
Categories
Key statistics
Year to date +33.1% · Average volume (30d) 3.9M
Analysts
No analyst consensus on record.
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Aug 17, 2026Q2 FY26 | −$0.05 | −$0.04 | +20.0% | $426.0K | $690.9K | +62.2% | −1.67% |
| May 15, 2026Q1 FY26 | −$0.05 | −$0.07 | −40.0% | $348.7K | $348.7K | 0.0% | −5.68% |
| Apr 3, 2026Q4 FY25 | −$0.09 | $0.96 | +1,166.7% | $3.9M | $4.7M | +20.5% | +3.39% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $0 | $6.6M | $9.6M | $4.7M | $348.7K | $690.9K | |
| Gross profit | $0 | −$1.2M | $3.3M | −$5.9M | −$312.3K | $276.2K | |
| Operating income | −$5.9M | −$34.4M | −$8.6M | −$13.0M | −$10.4M | −$5.8M | |
| Net income | −$7.5M | $110.3M | −$12.5M | −$16.3M | −$17.8M | −$14.1M | |
| Diluted EPS | −$0.01 | $0.83 | −$0.08 | −$0.11 | −$0.13 | −$0.10 | |
| Gross margin | — | -18.8% | 35.0% | -125.5% | -89.5% | 40.0% | |
| Operating margin | — | -522.8% | -90.3% | -277.8% | -2,968.8% | -833.2% |
Fiscal years (4-quarter sums)FY22 $0 · FY23 $0 · FY24 $0 · FY25 $20.8M
Balance sheet, Jun 30, 2026Cash & short-term investments $329.1K · Total debt $257.4M · Total assets $421.0M · Shareholders' equity $37.3M
Dividends
No dividends on record.
Ownership
Shares outstanding 363.46M · Float 54.15M · 14.9% free float
A Form 4 total here can count shares the filer formally disclaims — an award voted by proxy, for instance — which the holder's own Schedule 13D/G excludes, so where the two disagree the schedule's smaller figure is used.
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| Majique Ladnier | 144.27M | 36.20% | 13D | Jun 22, 2026 |
| EEME Energy SPV I, LLC · 10 percent owner | 109.50M | 30.13% | Form 4 | Jun 22, 2026 |
| Soule Randy · 10 percent owner | 72.38M | 19.91% | Form 4 | May 22, 2026 |
| Resc Renewables Holdings, LLC · 10 percent owner | 66.93M | 18.42% | Form 4 | Jan 12, 2026 |
| Brown Stone Capital Ltd | 23.53M | 6.60% | 13G | Jun 18, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| May 15, 2026 | Randy Soule | 10 percent owner | −5,000,000 | $0.4074 |
| Apr 30, 2026 | Randy Soule | 10 percent owner | −9,000,000 | $0.3440 |
| Mar 12, 2026 | Randy Soule | 10 percent owner | −1,261,830 | $0.5200 |
| Feb 25, 2026 | Randy Soule | 10 percent owner | −2,000,000 | $0.1200 |
| Jan 14, 2026 | Randy Soule | 10 percent owner | −561,363 | $0.1524 |
Peers
- Calumet
North American SAF, renewable diesel, and naphtha overlap
- Gevo
Alcohol-to-jet SAF developer with contracted airline demand
- LanzaTech Global
Waste-carbon ethanol and LanzaJet ATJ routes into SAF
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| XCF Global | $0.3620 | +0.75% | $130.5M | — | — | 8.5 | — |
| Calumet | $47.75 | −0.02% | $4.16B | — | 14.9 | 0.9 | +40.8% |
| Gevo | $1.68 | −0.30% | $406.5M | — | 47.8 | 2.3 | — |
| LanzaTech Global | $6.17 | 0.00% | $13.6M | 0.1 | — | 0.2 | −0.8% |
| Median | 0.1 | 31.3 | 0.9 | +20.0% |