VGAS

Maintains strong balance sheet with $54.3 million cash and no debt Continues to advance strategic alternatives process and cost savings initiatives HOUSTON, May 11, 2026--(BUSINESS WIRE)--Verde Clean Fuels, Inc. ("Verde" or the "Company") (Nasdaq: VGAS) announced today financial results for the first quarter 2026. "We continue to advance our strategy of disciplined technology deployment while significantly reducing costs and preserving balance sheet strength. We also continue to evaluate strategic opportunities that could maximize shareholder value, including partnerships, mergers, or other strategic transactions," said George Burdette, CEO of Verde. As of March 31, 2026, the Company had $54.3 million of cash and cash equivalents and no debt. The Company's cash and cash equivalents exceeded its previously issued guidance of more than $50 million by quarter-end. Shares outstanding remained unchanged at 44.5 million shares including both Class A and Class C common stock. For the first quarter 2026, the Company recorded a net loss of $(2.3) million and diluted net loss per share of Class A common stock of $(0.05) compared to a net loss of $(2.7) million and diluted loss per share of Class A common stock of $(0.08) for the same period in 2025. The decrease was primarily due to lower general and administrative expenses resulting from implementing cost savings initiatives targeting a 50% reduction in costs in 2026 as compared to 2025. About Verde Clean Fuels, Inc. Verde owns an innovative and proprietary gas-to-liquids processing technology capable of converting low-value or stranded feedstocks into higher-value clean transportation fuels. Our synthesis gas ("syngas")-to-gasoline plus (STG+®) process is designed to convert syngas, derived from a variety of feedstocks, including natural gas and biomass, into fully finished liquid fuels that require no additional refining. The STG+® technology is engineered for industrial-scale deployment and intended to be delivered in standardized modular units. Over $150 million has been invested in the development and demonstration of the STG+® technology since 2007, including the construction and operation of a demonstration plant that has completed over 10,000 hours of operation. Forward-Looking Statements This press release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933,...

HOUSTON, March 27, 2026--(BUSINESS WIRE)--Verde Clean Fuels, Inc. ("Verde" or the "Company") (NASDAQ: VGAS) announced today financial results for the fourth quarter and full year 2025. "We remain focused on our revised strategy to deploy our technology while remaining extremely disciplined with our resources. Related to our revised strategy, we are also continuing to evaluate strategic alternatives that may be available to us, including a potential sale or merger," said George Burdette, CEO of Verde. The Company ended the year 2025 with $57.2 million of cash and cash equivalents and no debt. For the fourth quarter 2025, the Company recorded a net loss of $(6.6) million and diluted net loss per share of Class A common stock of $(0.17). For the year ended 2025, the Company recorded a net loss of $(14.1) million and diluted loss per share of Class A common stock of $(0.39). The Company’s net loss for both the fourth quarter and full year 2025 reflected ongoing general and administrative expenses and a non-cash, one time impairment charge of $3.9 million related to the Permian Basin project, which was suspended in February 2026. About Verde Clean Fuels, Inc. Verde owns an innovative and proprietary gas-to-liquids processing technology capable of converting low-value or stranded feedstocks into higher-value clean transportation fuels. Our synthesis gas ("syngas")-to-gasoline plus (STG+®) process is designed to convert syngas, derived from a variety of feedstocks, including natural gas and biomass, into fully finished liquid fuels that require no additional refining. The STG+® technology is engineered for industrial-scale deployment and intended to be delivered in standardized modular units. Over $110 million has been invested in the development and demonstration of the STG+® technology since 2007, including the construction and operation of a demonstration plant that has completed over 10,000 hours of operation. Forward-Looking Statements This press release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements, other than statements of present or historical fact included herein, regarding the Company’s expectations and any future financial performance, the Company’s strategy, future operations, financial position, prospec...

HOUSTON, November 13, 2025--(BUSINESS WIRE)--Verde Clean Fuels, Inc. ("Verde" or "the Company") (NASDAQ: VGAS) today reported results for the third quarter of 2025. "We continue to advance our plans to deploy our proprietary liquid fuels processing technology through the development of commercial production plants. To this end, we also continue to advance front-end engineering and design ("FEED") for the Permian Basin project, a proposed natural gas-to-gasoline plant to be jointly developed with Cottonmouth, a wholly owned subsidiary of Diamondback. The proposed plant would utilize our technology and associated natural gas from Diamondback’s operations. We also continue to identify and evaluate other potential opportunities to deploy our technology while remaining disciplined with our resources," said Ernest Miller, CEO of Verde. For the three months ended September 30, 2025, the Company recorded a net loss of $(2.3) million and diluted net loss per share of Class A common stock of $(0.06). For the nine months ended September 30, 2025, the Company recorded a net loss of $(7.6) million and diluted loss per share of Class A common stock of $(0.21). The Company’s net loss for the three and nine months ended September 30, 2025 was primarily due to ongoing general and administrative expenses. As of September 30, 2025, the Company had cash and cash equivalents of $59.4 million and no debt. Also as of September 30, 2025, the Company had construction in progress of $3.3 million, comprised of $9.3 million of capitalized development costs (which include costs associated with the FEED study) related to the Permian Basin project, net of $6.0 million of costs reimbursable to the Company by Cottonmouth in accordance with the joint development agreement between Verde and Cottonmouth. About Verde Clean Fuels, Inc. Verde is a clean fuels company focused on the deployment of its innovative and proprietary liquid fuels processing technology through development of commercial production plants. Verde's synthesis gas ("syngas")-to-gasoline plus (STG+®) process converts syngas, derived from diverse feedstocks, into fully finished liquid fuels that require no additional refining. Verde is currently focused on opportunities to convert associated natural gas into gasoline, which is expected to provide a market for such natural gas with the added potential benefits of flare mitigation...

HOUSTON, August 13, 2025--(BUSINESS WIRE)--Verde Clean Fuels, Inc. ("Verde" or "the Company") (NASDAQ: VGAS) today reported results for the second quarter and first half of 2025. "We continue to advance our plans to deploy our proprietary liquid fuels processing technology through the development of commercial production plants. To this end, we also continue to advance front-end engineering and design ("FEED") for the Permian Basin project, a proposed natural gas-to-gasoline plant to be jointly developed with Cottonmouth, a wholly owned subsidiary of Diamondback. The proposed plant would utilize our technology and associated natural gas from Diamondback’s operations. We also continue to identify and evaluate other potential opportunities to deploy our technology while remaining disciplined with our resources," said Ernest Miller, CEO of Verde. For the three months ended June 30, 2025, the Company recorded a net loss of $(2.5) million and diluted net loss per share of Class A common stock of $(0.07). For the six months ended June 30, 2025, the Company recorded a net loss of $(5.2) million and diluted loss per share of Class A common stock of $(0.15). The Company’s net loss for the three and six months ended June 30, 2025 was primarily due to ongoing general and administrative expenses. As of June 30, 2025, the Company had cash and cash equivalents of $62.1 million and no debt. Also as of June 30, 2025, the Company had capitalized $2.2 million of FEED costs related to the proposed Permian Basin project, net of amounts reimbursable under the joint development agreement between Verde and Cottonmouth. About Verde Clean Fuels, Inc. Verde is a clean fuels company focused on the deployment of its innovative and proprietary liquid fuels processing technology through development of commercial production plants. Verde's synthesis gas ("syngas")-to-gasoline plus (STG+®) process converts syngas, derived from diverse feedstocks, into fully finished liquid fuels that require no additional refining. Verde is currently focused on opportunities to convert associated natural gas into gasoline, which is expected to provide a market for such natural gas with the added potential benefits of flare mitigation and production of gasoline with a lower carbon intensity than conventional gasoline. Forward-Looking Statements This press release contains "forward-looking statements" within...

Q1 2025 Highlights Continuing to advance front-end engineering and design ("FEED") for proposed natural gas-to-gasoline project in the Permian Basin Closed $50 million equity investment by Cottonmouth Ventures, LLC ("Cottonmouth"), a wholly-owned subsidiary of Diamondback Energy, Inc. ("Diamondback") HOUSTON, May 14, 2025--(BUSINESS WIRE)--Verde Clean Fuels, Inc. ("Verde" or "the Company") (NASDAQ: VGAS) today reported results for the first quarter 2025. "We continue to advance our plans to deploy our proprietary liquid fuels processing technology through the development of commercial production plants. During the first quarter, we closed a $50 million equity investment by Cottonmouth into Verde. We also continue to advance FEED for the Permian Basin project, a proposed natural gas-to-gasoline plant to be jointly developed with Cottonmouth utilizing our technology and associated natural gas from Diamondback’s operations. In addition to advancing FEED, we have also identified a new site for the Permian Basin project with improved access to key utilities. We also continue to identify and evaluate other potential opportunities to deploy our technology while remaining disciplined with our resources," said Ernest Miller, CEO of Verde. On January 29, 2025, the Company announced the closing of a $50 million equity investment by Cottonmouth. The investment consisted of the purchase of 12.5 million shares of Verde’s Class A common stock by Cottonmouth at a price of $4.00 per share. The investment represented the second investment by Cottonmouth in Verde over the past two years, for a total investment of $70 million, making Cottonmouth the second largest shareholder of Verde. For the three months ended March 31, 2025, the Company recorded a net loss of $(2.7) million and diluted net loss per share of Class A common stock of $(0.08). The Company’s net loss for the three months ended March 31, 2025 was primarily attributable to ongoing general and administrative expenses. As of March 31, 2025, the Company had cash and cash equivalents of $65.3 million and no debt. Also as of March 31, 2025, the Company had capitalized $1.5 million of FEED costs related to the proposed Permian Basin project, net of amounts reimbursable under the joint development agreement between Verde and Cottonmouth. About Verde Clean Fuels, Inc. Verde is a clean fuels company focused on the deploymen...

Q4 2024 and Subsequent Event Highlights Continuing to advance front-end engineering and design ("FEED") for proposed natural gas-to-gasoline project in the Permian Basin Closed $50 million equity investment by Cottonmouth Ventures, LLC ("Cottonmouth"), a wholly-owned subsidiary of Diamondback Energy, Inc. ("Diamondback") HOUSTON, March 28, 2025--(BUSINESS WIRE)--Verde Clean Fuels, Inc. ("Verde" or "the Company") (NASDAQ: VGAS) today reported results for the fourth quarter and full year 2024. "We continue to advance our plans to deploy our proprietary liquid fuels processing technology through the development of commercial production plants. During 2024, we signed a joint development agreement with Cottonmouth and began FEED for the Permian Basin project, a proposed natural gas-to-gasoline plant to be jointly developed with Cottonmouth utilizing our technology and associated natural gas from Diamondback’s operations. More recently, we announced the signing and closing of an additional $50 million equity investment by Cottonmouth into Verde, which positions us to continue advancing our joint development activities. In addition to these efforts, we also continue to identify and evaluate other potential opportunities to deploy our technology while remaining disciplined with our resources," said Ernest Miller, CEO of Verde. For the three months ended December 31, 2024, the Company recorded net loss of $(2.7) million and diluted net loss per share of Class A common stock of $(0.14). For the twelve months ended December 31, 2024, the Company recorded net loss of $(10.5) million and diluted net loss per share of Class A common stock of $(0.53). The Company’s net loss for the three and twelve months ended December 31, 2024 was primarily attributable to ongoing general and administrative expenses. As of December 31, 2024, the Company had cash and cash equivalents of $19.0 million and no debt. Also as of December 31, 2024, the Company had capitalized $1.0 million of FEED costs related to the proposed Permian Basin project, net of amounts reimbursable under the joint development agreement between Verde and Cottonmouth. On January 29, 2025, the Company announced the closing of a $50 million equity investment by Cottonmouth. The investment consisted of the purchase of 12.5 million shares of Verde’s Class A common stock by Cottonmouth at a price of $4.00 per share. The inv...