Categories Earnings, Other Industries

Earnings preview: Ethanol likely to hurt Gevo Q2 results

Gevo Inc. (NASDAQ: GEVO) is set to release its earnings results for the second quarter on Wednesday after the market closes. The renewable chemicals and low-carbon fuel company’s results will be hurt by higher operating expenses and lower production volumes of ethanol. The short-term fluctuations in the price and demand for petroleum-based fuels and competing substitutes could also hurt the performance.

As of March 31, 2019, the company continues to engage in research and development, business development, business, and financial planning, optimizing operations for low-carbon ethanol, isobutanol, and related hydrocarbons production and raising capital to fund future expansion of its Luverne Facility. The facility has a production capacity of about 20 million gallons per year of ethanol, 45-50 kilotons of animal feed, and 3 million pounds of corn oil.

The company’s transition to profitability is dependent upon the successful development and commercialization of its product candidates and the achievement of a level of revenues adequate to support its cost structure. Gevo is likely to continue raising additional cash along with the restructuring of its debt and addressing to cost structure for achieving profitability and positive cash flows.

Earnings preview: Ethanol likely to hurt Gevo Q2 results
Photo Courtesy: Gevo / Facebook post

Gevo believes that the demand for low-carbon fuels and renewable chemicals will continue to grow in the future. The company expects to incur losses through at least 2020. The company expects to increase revenues by focusing on low-carbon ethanol in the near term, debottlenecking production, while adapting and optimizing the Luverne Facility’s energy and equipment infrastructure to reduce the reliance on fossil-based energy sources.

Analysts expect the company to report a loss of $0.37 per share on revenue of $7.02 million for the second quarter. In comparison, during the previous year quarter, Gevo posted a loss of $7.19 per share on revenue of $9.42 million. The company has missed analysts’ expectations in all of the past four quarters.

For the first quarter, Gevo reported a wider loss due to higher operating expenses and lower gain from change in fair value of derivative warrant liability. Total revenues decreased by 22% year-over-year as planned lower production volumes in response to a decline in ethanol sales prices hurt ethanol and co-product revenues.

Get access to timely and accurate verbatim transcripts that are published within hours of the event.

Most Popular

What to look for when CVS Health (CVS) reports Q3 earnings

Healthcare company CVS Health Corporation (NYSE: CVS) is all set to report earnings next week, with Wall Street expecting a mixed outcome. The company has been facing challenges in certain

eBay (EBAY): A few factors that helped drive growth in Q3 2024

Shares of eBay Inc. (NASDAQ: EBAY) stayed green on Friday. The stock has gained 32% year-to-date. The ecommerce leader delivered revenue and earnings growth for the third quarter of 2024,

CVX Earnings: Chevron reports lower revenue and profit for Q3 2024

Energy exploration company Chevron Corporation (NYSE: CVX) on Friday announced third-quarter 2024 financial results, reporting a decline in net profit and revenues. Net income attributable to Chevron Corporation dropped to

Comments

  1. Pingback: Coursework
  2. Pingback: Fiverr Earn
  3. Pingback: Fiverr Earn
  4. Pingback: Fiverr Earn
  5. Pingback: Fiverr Earn
  6. Pingback: fiverrearn.com
  7. Pingback: TMS System
  8. Pingback: flatbed broker
  9. Pingback: fiverrearn.com
  10. Pingback: fiverrearn.com
  11. Pingback: fiverrearn.com
  12. Pingback: cavapoo dog
  13. Pingback: fluffy frenchie
  14. Pingback: crypto news
  15. Pingback: Pandora earrings
  16. Pingback: future university
  17. Pingback: future university
  18. Pingback: alpha necklace
  19. Pingback: slot nexus
  20. Pingback: frenchie puppies
  21. Pingback: Fiverr.Com
  22. Pingback: Fiverr.Com
  23. Pingback: Fiverr
  24. Pingback: french bulldog
  25. Pingback: future university
  26. Pingback: lean manufacturing
  27. Pingback: Warranty
  28. Pingback: Efficient moving
  29. Pingback: Furniture handling
  30. Pingback: where is bali
  31. Pingback: Classic Books 500
  32. Pingback: FiverrEarn
  33. Pingback: FiverrEarn
  34. Pingback: FiverrEarn
  35. Pingback: FiverrEarn
  36. Pingback: FiverrEarn
  37. Pingback: partners
  38. Pingback: Social Justice
  39. Pingback: FiverrEarn
  40. Pingback: live sex cams
  41. Pingback: live sex cams
  42. Pingback: FiverrEarn
  43. Pingback: FiverrEarn
  44. Pingback: FiverrEarn
  45. Pingback: FiverrEarn
  46. Pingback: FiverrEarn
  47. Pingback: FiverrEarn
  48. Pingback: FiverrEarn
  49. Pingback: FiverrEarn
  50. Pingback: Dairy
  51. Pingback: solar
  52. Pingback: gifts
  53. Pingback: FiverrEarn
  54. Pingback: FiverrEarn
  55. Pingback: cheap sex cams
  56. Pingback: fullersears.com
  57. Pingback: rare breed-trigger
  58. Pingback: 늑대닷컴
  59. Pingback: Uang asli
  60. Pingback: nangs sydney
  61. Pingback: allgame
  62. Pingback: 918kiss
  63. Pingback: หวย24
  64. Pingback: Lipstick shades
  65. Pingback: pg slot
  66. Pingback: regles 421
  67. Pingback: cybersécurité
  68. Pingback: aplikasi game slot
  69. Pingback: Dating Classes
  70. Pingback: 6mm arc ammo
  71. Pingback: 17 wsm
  72. Pingback: sicarios
  73. Pingback: SaaS Attorney
  74. Pingback: itsMasum.Com
  75. Pingback: masumintl
  76. Pingback: itme.xyz
  77. Pingback: masumintl
  78. Pingback: ItMe.Xyz

Comments are closed.

Tags

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