Verde Clean Fuels
Converts syngas into finished fuels through STG+ licensing and technical services.
Something off on this page? Send us feedback.
Profile
Develops STG+ technology for turning syngas from natural gas or biomass into finished fuels, with revenue expected from licensing plus engineering, technical, and operational services. Commercialization is concentrated in the US and reset after the Permian Basin project was suspended.
Owns STG+ technology, a syngas-to-gasoline process designed to convert natural gas or biomass into finished liquid fuels without additional refining. The current named pathways are natural gas-to-gasoline and biomass-to-gasoline, with RBOB gasoline as the main fuel output and methanol as an adapted use case.
Commercialization is concentrated in the US and remains pre-commercial. After suspending the Permian Basin project, the business shifted away from company-owned production plants toward a capital-lite model built around licensing, engineering, technical support, and operational services. Execution now depends on deploying STG+ through partners while a strategic-alternatives review evaluates licensing, partnerships, asset transactions, or a broader corporate transaction.
Company facts
Categories
Key statistics
Year to date −35.7% · Average volume (30d) 336.5K
Analysts
No analyst consensus on record.
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Aug 10, 2026Q2 FY26 | — | −$0.04 | — | — | — | — | −7.46% |
| May 11, 2026Q1 FY26 | — | −$0.05 | — | — | — | — | −0.59% |
| Mar 27, 2026Q4 FY25 | — | −$0.17 | — | — | — | — | −11.05% |
| Nov 13, 2025Q3 FY25 | — | −$0.06 | — | — | — | — | 0.00% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $0 | $0 | $0 | $0 | $0 | $0 | |
| Gross profit | −$89.5K | $0 | −$92.6K | $0 | −$103.0K | $0 | |
| Operating income | −$3.2M | −$3.2M | −$2.9M | −$7.2M | −$2.9M | −$2.5M | |
| Net income | −$1.2M | −$1.3M | −$1.2M | −$3.3M | −$1.2M | −$907.0K | |
| Diluted EPS | −$0.08 | −$0.07 | −$0.06 | −$0.17 | −$0.05 | −$0.04 | |
| Gross margin | — | — | — | — | — | — | |
| Operating margin | — | — | — | — | — | — |
Fiscal years (4-quarter sums)FY21 $0 · FY22 $0 · FY23 $0 · FY24 $0 · FY25 $0
Balance sheet, Jun 30, 2026Cash & short-term investments $53.5M · Total debt $359.0K · Total assets $56.8M · Shareholders' equity $28.8M
Dividends
No dividends on record.
Ownership
Shares outstanding 44.55M · Float 6.72M · 15.1% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| Bluescape Clean Fuels Holdings, LLC | 23.30M | 52.30% | 13D | Jan 30, 2025 |
| Cottonmouth Ventures LLC | 14.50M | 65.80% | 13D | Jan 31, 2025 |
| Bluescape Energy Partners LLC | 800.0K | 1.80% | 13F | May 15, 2026 |
| George W. III Burdette · officer: CEO and CFO | 347.8K | 0.78% | Form 4 | Aug 14, 2026 |
| John R. Doyle · officer: Chief Technology Officer | 347.8K | 0.78% | Form 4 | Aug 14, 2026 |
Insider tradesForm 4
No open-market trades in the last 12 months.
View detailsPeers
- ExxonMobil
Direct MTG licensor for synthetic gasoline projects
- Sasol (ADR)
FT/GTL licensor and operator with syngas conversion scale
- Shell (ADR)
Proprietary GTL platform for synthetic fuels and base oils
- Honeywell Technologies
Process-technology licensor for renewable fuels and eSAF
- LanzaTech Global
Gas-fermentation platform for waste-carbon fuels and chemicals
- Gevo
Renewable gasoline and SAF developer using alcohol-to-jet routes
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Verde Clean Fuels | $1.30 | +1.56% | $57.9M | — | — | — | — |
| ExxonMobil | $156.80 | +0.08% | $649.44B | 20.2 | 13.2 | 1.8 | +46.0% |
| Sasol (ADR) | $11.82 | −0.08% | $7.54B | 51.6 | — | 0.5 | +19.0% |
| Shell (ADR) | $91.47 | +0.63% | $253.47B | 10.0 | 9.2 | 0.8 | +44.7% |
| Honeywell Technologies | $217.85 | +0.18% | $68.91B | 8.4 | 23.7 | 1.9 | −49.9% |
| LanzaTech Global | $6.17 | 0.00% | $13.6M | 0.1 | — | 0.2 | −0.8% |
| Gevo | $1.68 | −0.30% | $406.5M | — | 47.8 | 2.3 | — |
| Median | 10.0 | 18.4 | 1.3 | +19.0% |








