Categories Earnings, Industrials

Gevo (NASDAQ: GEVO): Q3 2019 Earnings Snapshot

— Gevo Inc. (NASDAQ: GEVO) reported a third-quarter 2019 adjusted loss of $0.66 per share versus a loss of $0.55 per share expected.

— Total revenues fell by 29% to $6.11 million versus $4.77 million expected. The results were hurt by lower ethanol sales.

Earnings Update by AlphaStreet

— Revenues derived at the Luverne Facility related to ethanol sales and related products fell by 31% due to reduced production of ethanol and distiller grains as a result of unfavorable commodity environment.

— Hydrocarbon revenues increased by 9% helped by higher production volumes at the South Hampton Resources Inc. facility in Silsbee, Texas.

— Research and development expenses declined by 4% due primarily to a decrease in costs associated with its South Hampton Facility partially offset by an increase in personnel and consultant expenses.

— Gevo believes it can become profitable, or close to it, as a company by the end of 2021 if Gevo can successfully improve the carbon footprint of its Luverne Facility.

— Gevo expects one or more of its renewable natural gas projects that are under development to come on-line by the end of 2020 or early 2021, adding to its EBITDA in 2021.

We’re on Flipboard! Follow us to receive the latest stock market, earnings, and financial news at your fingertips

Most Popular

Key highlights from Adobe (ADBE) Q2 2021 earnings results

Adobe Systems Incorporated (NASDAQ: ADBE) reported second quarter 2021 earnings results today. Total revenue grew 23% year-over-year to $3.84 billion. GAAP net income was $1.11 billion, or $2.32 per share,

Three factors that bode well for Delta Air Lines (DAL) going forward

Shares of Delta Air Lines Inc. (NYSE: DAL) have gained 45% over the past 12 months and 11% since the beginning of this year. After a particularly distressful period, like

KR Earnings: All you need to know about Kroger Q1 2021 earnings results

The Kroger Co. (NYSE: KR) reported first-quarter 2021 earnings results today. Total company sales were $41.3 billion compared to $41.5 billion in the same period last year. Excluding fuel, sales

Add Comment
Loading...
Cancel
Viewing Highlight
Loading...
Highlight
Close
Top