Gevo Q3 revenue beats expectations on strong CFR credit sales
GEVO•Gevo reported Q3 revenue of $82.95 million, above the $54.41 million analyst consensus, and net income of $23 million, reversing a year-earlier loss. Revenue included $29.4 million from Canadian Clean Fuel Regulation credit sales.
1. Revenue and income rise
Gevo’s Q3 revenue rose sharply, with $29.4 million coming from sales of Canadian Clean Fuel Regulation credits, most of which were generated in prior periods. Net income was $23 million, and low-carbon ethanol output increased to 19 million gallons from 17 million a year earlier, due to the timing of scheduled maintenance.
2. Outlook
Gevo expects adjusted EBITDA to exceed $90 million in 2026 and $70 million in 2027. It expects its carbon business to generate more than $50 million in revenue in 2026, and Section 45Z tax credit sales to grow in 2027 with increased production.
