Verde Clean Fuels names George Burdette as new CFO
Appointment Announcement: Verde Clean Fuels has appointed George Burdette as Chief Financial Officer, overseeing all financial aspects of the company.
Previous Experience: Mr. Burdette previously held CFO positions at Arbor Renewable Gas and Itafos, enhancing his expertise in finance within the renewable fuels and fertilizer sectors.
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Verde Clean Fuels, Inc. Announces Third Quarter 2025 Financial Results
Company Overview: Verde Clean Fuels, Inc. is focused on deploying its proprietary liquid fuels processing technology through the development of commercial production plants, including a proposed natural gas-to-gasoline plant in the Permian Basin in collaboration with Diamondback's subsidiary, Cottonmouth.
Financial Performance: For Q3 2025, Verde reported a net loss of $2.3 million, with a diluted loss per share of $0.06, and a total net loss of $7.6 million for the first nine months of the year, primarily due to general and administrative expenses.
Cash Position: As of September 30, 2025, Verde had cash and cash equivalents of $59.4 million, no debt, and ongoing construction costs of $3.3 million related to the Permian Basin project.
Forward-Looking Statements: The company issued forward-looking statements regarding its future operations and financial performance, highlighting potential risks and uncertainties that could affect actual results compared to expectations.
Verde Clean Fuels, Inc. Reports Q4 and FY 2024 Results
Investment and Project Development: Verde Clean Fuels, Inc. has advanced its natural gas-to-gasoline project in the Permian Basin through a joint development agreement with Cottonmouth Ventures, which included a recent $50 million equity investment, bringing their total investment to $70 million.
Financial Performance: For Q4 2024, Verde reported a net loss of $2.7 million, with total losses for the year amounting to $10.5 million, primarily due to general and administrative expenses, while maintaining cash reserves of $19 million and no debt.
