Gevo (NASDAQ:GEVO) Record Carbon Quarter: Canadian Clean Fuel Credits and North Dakota CCS

Gevo reported a record quarter driven by Canadian Clean Fuel Regulation credits and revenue from its North Dakota ethanol plant, which includes permanent carbon capture and storage. Revenue nearly doubled year over year and the company swung to net earnings, helped by banked credits recognized in the latest quarter. Management raised full-year adjusted EBITDA guidance and set an initial expectation for next year. Most of the carbon revenue came from credits generated in earlier periods, so the quarter includes non-recurring items. The North Dakota operation is the core asset because it sequesters fermentation CO2 underground and lowers the carbon intensity of the ethanol, which raises its value under low-carbon fuel programs. Gevo has not committed to Project Northstar, its planned sustainable aviation fuel conversion, because it still needs enough fixed-price offtake agreements. The source article does not disclose exact dollar figures for revenue, EBITDA, or cash, which limits how much can be verified. Year to date remains a net loss due to asset impairment and an allowance against refundable deposits.