VGAS · NASDAQ · Renewable Utilities

Verde Clean Fuels

Converts syngas into finished fuels through STG+ licensing and technical services.

$1.30
After-hours close+0.02 (+1.56%)
At close$1.28(−5.88%)
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Profile

Verde Clean Fuels, Inc.VGASUtilities

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

CEOGeorge Burdette
ListedFeb 16, 2023
ExchangeNASDAQ
HeadquartersHouston, TX
CountryUnited States
Employees9
CIK0001841425
ISINUS9233721060

Key statistics

Market cap$57.9M
EPS (ttm)−$0.3260
P/E (ttm)−3.99
ROE-21.8%
P/B0.9953
P/S0.00
Dividend yield
Beta0.25vs XLU −0.70

Year to date −35.7% · Average volume (30d) 336.5K

Analysts

No analyst consensus on record.

Earnings

EPS

Estimate
Reported−$0.04

Revenue

Estimate
Reported

History

Report dateEPS estEPSSurpriseRevenue estRevenueSurpriseNext 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−$0.060.00%
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Financial highlights

12 quartersQ1 FY25Q2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 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

Institutions 3.23%1.44M sharesInsiders 3.50%1.56M sharesOther 93.27%41.55M shares

Shares outstanding 44.55M · Float 6.72M · 15.1% free float

Top shareholders13F · 13D/G · Form 4

HolderShares% outstandingFormFiled
Bluescape Clean Fuels Holdings, LLC23.30M52.30%13DJan 30, 2025
Cottonmouth Ventures LLC14.50M65.80%13DJan 31, 2025
Bluescape Energy Partners LLC800.0K1.80%13FMay 15, 2026
George W. III Burdette · officer: CEO and CFO347.8K0.78%Form 4Aug 14, 2026
John R. Doyle · officer: Chief Technology Officer347.8K0.78%Form 4Aug 14, 2026

Insider tradesForm 4

No open-market trades in the last 12 months.

View details

Peers

  • 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

CompanyPriceChange
Verde Clean Fuels$1.30+1.56%$57.9M
ExxonMobil$156.80+0.08%$649.44B20.213.21.8+46.0%
Sasol (ADR)$11.82−0.08%$7.54B51.60.5+19.0%
Shell (ADR)$91.47+0.63%$253.47B10.09.20.8+44.7%
Honeywell Technologies$217.85+0.18%$68.91B8.423.71.9−49.9%
LanzaTech Global$6.170.00%$13.6M0.10.2−0.8%
Gevo$1.68−0.30%$406.5M47.82.3
Median10.018.41.3+19.0%