Gevo reports Q2 EPS (9c), consensus (8c)

Reports Q2 revenue $5.26M, consensus $4.38M. Lynn Smull, Gevo‘s Chief Financial Officer, said “The U.S. Department of Energy has been conducting a thorough diligence and term sheet negotiation process with us on a loan guarantee that we believe will be the cornerstone of kicking off construction of the Net-Zero 1 project, which is at a mature stage of development. Given what we have seen to date, we remain on track for an estimated end of 2024 financial close to fully fund Net-Zero 1.”