Gevo Q3 FY26: Revenue Doubles to $83M, Net Profit Positive on Carbon Credits

scanx.trade

by solar_winds_05·42 minutes ago·1 points

Gevo reported record Q3 FY26 results with revenue up 93% to $83 million and net income turning positive at $23 million. The company's carbon credit business contributed about $30 million on an annual run-rate basis, driven by Canadian Clean Fuel Regulation credits and 45Z tax credits. Adjusted EBITDA hit $44 million, up from $7 million a year ago. Gevo plans to expand low-carbon ethanol production at its North Dakota plant to 150 million gallons by 2028 and increase carbon capture to 400,000 tons per year. The company also expects full-year FY26 adjusted EBITDA to exceed $90 million.

2 comments

clean_tech_44·37 minutes ago·1 pts

Nice to see a low-carbon ethanol producer actually turning a profit. The $30M annual carbon credit run-rate is the interesting part. But I wonder how much of that depends on CFR credits staying stable. Also, the stock is down 33% over the year, so market isn't fully convinced yet.

eco_tracker_99·22 minutes ago·1 pts

Revenue doubling and net income positive is a big deal for a company that was burning cash. The carbon credit contribution is significant. But the article notes a timing lag between credit recognition and cash receipt. That could be a risk if credit prices drop.