Verde Clean Fuels, Inc. is a renewable energy company specializing in the conversion of synthesis gas, or syngas, derived from diverse feedstocks, such as biomass, municipal solid waste and mixed plastics, as well as natural gas (including synthetic natural gas) and other feedstocks, into gasoline through an innovative and proprietary liquid fuels technology, the STG+® process. Through its STG+® process, Verde converts syngas into Reformulated Blend-stock for Oxygenate Blending (“RBOB”) gasoline. Verde is focused on the development of commercial facilities aimed at turning waste and other bio-feedstocks into a usable stream of syngas which is then transformed into a single finished fuel, such as gasoline, without any additional refining steps.
Company profile
Ticker
VGAS
Exchange
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
Former names
CENAQ Energy Corp.
SEC CIK
Corporate docs
IRS number
851863331
VGAS stock data
Latest filings (excl ownership)
424B3
Prospectus supplement
1 Apr 24
10-K
2023 FY
Annual report
28 Mar 24
8-K
Verde Clean Fuels, Inc. Reports 2023 Results
28 Mar 24
424B3
Prospectus supplement
14 Feb 24
8-K
Regulation FD Disclosure
13 Feb 24
424B3
Prospectus supplement
17 Nov 23
8-K
Verde Clean Fuels, Inc. Reports Third Quarter 2023 Earnings
13 Nov 23
10-Q
2023 Q3
Quarterly report
13 Nov 23
424B3
Prospectus supplement
30 Oct 23
424B3
Prospectus supplement
23 Aug 23
Latest ownership filings
4
J Russell Porter
10 Apr 24
4
Change in insider ownership
10 Apr 24
4/A
JOHN B CONNALLY III
10 Apr 24
4/A
MICHAEL J MAYELL
10 Apr 24
4/A
J Russell Porter
10 Apr 24
4/A
Change in insider ownership (amended)
10 Apr 24
SC 13G
Walleye Capital LLC
14 Feb 24
SC 13G/A
Saba Capital Management, L.P.
8 Feb 24
SC 13G/A
CENAQ Sponsor LLC.
22 Jan 24
4
J Russell Porter
26 Oct 23
Financial summary
Quarter (USD) | Sep 23 | Jun 23 | Mar 23 | Dec 22 | |
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Operating income | |||||
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Net income | |||||
Net profit margin | |||||
Cash on hand | |||||
Change in cash | |||||
Diluted EPS |
Annual (USD) | Dec 22 | Dec 21 | |
---|---|---|---|
Revenue | |||
Cost of revenue | |||
Operating income | |||
Operating margin | |||
Net income | |||
Net profit margin | |||
Cash on hand | |||
Change in cash | |||
Diluted EPS |
Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
---|---|---|---|---|---|---|
Cash on hand (at last report) | 31.25 mm | 31.25 mm | 31.25 mm | 31.25 mm | 31.25 mm | 31.25 mm |
Cash burn (monthly) | 670.48 k | (no burn) | 863.16 k | 1.46 mm | 664.03 k | 475.38 k |
Cash used (since last report) | 4.48 mm | n/a | 5.77 mm | 9.78 mm | 4.44 mm | 3.18 mm |
Cash remaining | 26.77 mm | n/a | 25.49 mm | 21.47 mm | 26.82 mm | 28.08 mm |
Runway (months of cash) | 39.9 | n/a | 29.5 | 14.7 | 40.4 | 59.1 |
Institutional ownership, Q3 2023
34.7% owned by funds/institutions
13F holders | Current |
---|---|
Total holders | 52 |
Opened positions | 26 |
Closed positions | 4 |
Increased positions | 12 |
Reduced positions | 8 |
13F shares | Current |
---|---|
Total value | 6.42 bn |
Total shares | 7.80 mm |
Total puts | 0.00 |
Total calls | 134.14 k |
Total put/call ratio | – |
Largest owners | Shares | Value |
---|---|---|
FANG Diamondback Energy | 2.00 mm | $0.00 |
Bluescape Energy Partners | 800.00 k | $3.02 bn |
EHP Funds | 741.05 k | $145.43 mm |
Shaolin Capital Management | 714.97 k | $379.00 k |
Walleye Capital | 416.78 k | $91.27 mm |
Yakira Capital Management | 374.93 k | $73.58 mm |
Sanders Morris Harris | 277.67 k | $661.25 mm |
Walleye Trading | 233.85 k | $51.21 mm |
Meteora Capital | 220.90 k | $112.46 mm |
Cowen And | 218.61 k | $47.88 mm |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
25 Aug 23 | CENAQ Sponsor | Class A Common Stock | Other | Dispose J | No | No | 0 | 198,251 | 0.00 | 3,234,375 |
25 Aug 23 | CENAQ Sponsor | Class A Common Stock | Other | Dispose J | No | No | 0 | 54,874 | 0.00 | 3,432,626 |
25 Aug 23 | J Russell Porter | Class A Common Stock | Other | Acquire J | No | No | 0 | 19,850 | 0.00 | 19,850 |
25 Aug 23 | J Russell Porter | Class A Common Stock | Other | Dispose J | Yes | No | 0 | 198,251 | 0.00 | 3,234,375 |
25 Aug 23 | J Russell Porter | Class A Common Stock | Other | Dispose J | Yes | No | 0 | 54,874 | 0.00 | 3,432,626 |
21 Jun 23 | Connally John B Iii | Private Placement Warrants Class A Common Stock | Other | Acquire J | No | No | 11.5 | 193,857 | 2.23 mm | 193,857 |
21 Jun 23 | Connally John B Iii | Private Placement Warrants Class A Common Stock | Other | Dispose J | Yes | No | 11.5 | 2,475,000 | 28.46 mm | 0 |
21 Jun 23 | CENAQ Sponsor | Private Placement Warrants Class A Common Stock | Other | Dispose J | No | No | 11.5 | 2,475,000 | 28.46 mm | 0 |
21 Jun 23 | Mayell Michael J | Private Placement Warrants Class A Common Stock | Other | Acquire J | Yes | No | 11.5 | 189,777 | 2.18 mm | 189,777 |
21 Jun 23 | Mayell Michael J | Private Placement Warrants Class A Common Stock | Other | Dispose J | Yes | No | 11.5 | 2,475,000 | 28.46 mm | 0 |
News
Verde Clean Fuels Q4 EPS $(0.11)
29 Mar 24
Why IPG Photonics Shares Are Trading Lower By Around 11%? Here Are Other Stocks Moving In Tuesday's Mid-Day Session
13 Feb 24
Verde Clean Fuels, Inc. and Diamondback Energy Subsidiary Cottonmouth Ventures LLC Announce Joint Development Agreement for a Proposed Natural Gas-to-Gasoline Facility in Permian Basin
13 Feb 24
Press releases
Verde Clean Fuels, Inc. to Participate in Second Annual Wells Fargo Clean Energy Symposium
14 Mar 24
Joint Development Agreement Sends Small Cap Soaring
13 Feb 24
Verde Clean Fuels, Inc. and Cottonmouth Ventures LLC Announce Joint Development Agreement for a Proposed Natural Gas-to-Gasoline Facility in Permian Basin
13 Feb 24