{"success":true,"data":{"pressRelease":{"id":"114722","rtpr_id":"nBw5103Xva","ticker":"VGAS","exchange":"NASDAQ","all_tickers":["VGAS"],"title":"Verde Clean Fuels, Inc. Reports Q2 2026 Results","author":"Business Wire","published_at":"2026-08-10T21:32:00.060Z","article_body":"Verde Clean Fuels, Inc. Reports Q2 2026 Results\n\n\n * Maintained strong balance sheet with $53.5 million cash and no debt\n\n * Realized 24% lower Q2 net loss year-over-year as cost savings initiatives\ncontinue\n\n * Advancing evaluation of strategic alternatives\n\nVerde Clean Fuels, Inc. (“Verde” or the \"Company”) (Nasdaq: VGAS)\nannounced today financial results for the second quarter and first half of\n2026.\n\n“During the second quarter, we continued to execute on our cost reduction\ninitiatives while maintaining financial flexibility, ending the quarter with\nmore than $50 million of cash and no debt. We remain focused on preserving\nshareholder capital while advancing our technology deployment strategy and\nevaluating potential strategic opportunities that we believe could maximize\nshareholder value,\" said George Burdette, CEO of Verde.\n\nAs of June 30, 2026, the Company had $53.5 million of cash and cash\nequivalents and no debt. Shares outstanding remained unchanged at 44.5 million\nshares including both Class A and Class C common stock.\n\nFor the second quarter 2026, the Company recorded a net loss of $(1.9) million\nand diluted net loss per share of Class A common stock of $(0.04) compared to\na net loss of $(2.5) million and diluted net loss per share of Class A common\nstock of $(0.07) for the same period in 2025. For the first half of 2026, the\nCompany recorded a net loss of $(4.3) million and diluted net loss per share\nof Class A common stock of $(0.10), compared to a net loss of $(5.3) million\nand diluted net loss per share of Class A common stock of $(0.15) for the same\nperiod in 2025. The lower losses were primarily due to implementation of our\ncost savings initiatives, which resulted in lower general and administrative\nexpenses.\n\nAbout Verde Clean Fuels, Inc.\n\nVerde owns an innovative and proprietary gas-to-liquids processing technology\ncapable of converting low-value or stranded feedstocks into higher-value clean\ntransportation fuels. Our synthesis gas (“syngas”)-to-gasoline plus\n(STG+(®)) process is designed to convert syngas, derived from a variety of\nfeedstocks, including natural gas and biomass, into fully finished liquid\nfuels that require no additional refining. The STG+(®) technology is\nengineered for industrial-scale deployment and intended to be delivered in\nstandardized modular units. Over $150 million has been invested in the\ndevelopment and demonstration of the STG+(®) technology since 2007, including\nthe construction and operation of a demonstration plant that has completed\nover 10,000 hours of operation.\n\nForward-Looking Statements\n\nThis press release contains “forward-looking statements” within the\nmeaning of Section 27A of the Securities Act of 1933, as amended, and Section\n21E of the Securities Exchange Act of 1934, as amended. All statements, other\nthan statements of present or historical fact included herein, regarding the\nCompany’s expectations and any future financial performance, the Company’s\nstrategy, future operations, financial position, prospects, plans, goals and\nobjectives of management are forward-looking statements. The words\n“could,” “should,” “would,” “will,” “aim,” “may,”\n“focus,” “believe,” “anticipate,” ”intend,” “estimate,”\n“expect,” “advance,” ”project,” “plan,” “potential,”\n\"goal,” “strategy,” “proposed,” “positions,” the negative of\nsuch terms and other similar expressions are intended to identify\nforward-looking statements, although not all forward-looking statements\ncontain such identifying words. Such forward-looking statements are not\nguarantees of future performance, conditions or results, and involve a number\nof known and unknown risks, uncertainties, assumptions and other important\nfactors, many of which are outside the control of the Company, that could\ncause actual results or outcomes to differ materially from those discussed in\nthe forward-looking statements. These forward-looking statements are based on\nmanagement’s current expectations and assumptions about future events and\nare based on currently available information as to the outcome and timing of\nfuture events. Except as otherwise required by applicable law, the Company\ndisclaims any duty to update any forward-looking statements, all of which are\nexpressly qualified by the statements in this section, to reflect events or\ncircumstances after the date hereof. The Company cautions you that these\nforward-looking statements are subject to risks and uncertainties, most of\nwhich are difficult to predict and many of which are beyond the Company’s\ncontrol. These risks and uncertainties include, but are not limited to:\nchanges in general economic, financial, legal, regulatory, political,\ngovernmental and business conditions; changes in domestic and foreign markets\nand policies; the failure of the Company to deploy its technology; the failure\nof the Company to commercialize its technology for any reason; the failure of\nthe Company to complete any transaction; the risks and uncertainties relating\nto the implementation of the Company’s strategy and the timing of any\nbusiness milestone; and delays in acquisition, financing, construction and\ndevelopment of any potential project. Should one or more of the risks or\nuncertainties described herein and in any oral statements made in connection\ntherewith occur, or should underlying assumptions prove incorrect, actual\nresults and plans could differ materially from those expressed in any\nforward-looking statements. There may be additional risks that the Company\npresently does not know or that the Company currently believes are immaterial\nthat could cause actual results to differ from those contained in the\nforward-looking statements. Additional information concerning these and other\nfactors that may impact the Company’s expectations and projections can be\nfound in the Company’s filings with the Securities and Exchange Commission\n(the “SEC”). The Company’s filings with the SEC are available publicly\non the SEC’s website at www.sec.gov\n(https://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww.sec.gov&esheet=54587013&newsitemid=20260810872506&lan=en-US&anchor=www.sec.gov&index=1&md5=0115440a0a487bacaa0c06f3e693395c)\n.\n\nVERDE CLEAN FUELS, INC.\n\nCONSOLIDATED STATEMENTS OF OPERATIONS\n\n(Unaudited)\n                                                                           Three Months Ended                                   Six Months Ended                                 \n                                                                           \n                                                    \n                                                \n                                                                           \nJune 30,                                            \nJune 30,                                        \n (in thousands, except share and per share amounts)                             2026                       2025                      2026                       2025             \n General and administrative expenses                                       $    2,359                 $    3,094                $    5,032                 $    6,092            \n Research and development expenses                                              165                        145                       346                        329              \n Total operating loss                                                           2,524                      3,239                     5,378                      6,421            \n                                                                                                                                                                                 \n Other (income)                                                                 (478        )              (665        )             (985        )              (1,196      )    \n Loss before income taxes                                                       (2,046      )              (2,574      )             (4,393      )              (5,225      )    \n Income tax expense (benefit)                                                   (106        )              (28         )             (60         )              25               \n Net loss                                                                  $    (1,940      )         $    (2,546      )        $    (4,333      )         $    (5,250      )    \n Net loss attributable to noncontrolling interest                          $    (1,033      )         $    (1,286      )        $    (2,219      )         $    (2,743      )    \n Net loss attributable to Verde Clean Fuels, Inc.                          $    (907        )         $    (1,260      )        $    (2,114      )         $    (2,507      )    \n                                                                                                                                                                                 \n Earnings per share                                                                                                                                                              \n Weighted average Class A common stock outstanding, basic and diluted           22,070,453                 18,836,078                22,070,453                 16,833,316       \n Loss per share of Class A common stock                                    $    (0.04       )         $    (0.07       )        $    (0.10       )         $    (0.15       )    \n\n\nVERDE CLEAN FUELS, INC.\n\nCONSOLIDATED BALANCE SHEETS\n\n(Unaudited)\n                                                                                  As of                                               \n (in thousands, except share and per share amounts)                               June 30, 2026              December 31, 2025        \n ASSETS                                                                                                                               \n Current assets:                                                                                                                      \n Cash and cash equivalents                                                        $      53,454              $       57,215           \n Restricted cash                                                                         100                         100              \n Accounts receivable – other                                                             -                           145              \n Prepaid expenses and other current assets                                               790                         466              \n Total current assets                                                                    54,344                      57,926           \n                                                                                                                                      \n Non-current assets:                                                                                                                  \n Property, plant and equipment, net                                                      53                          62               \n Intellectual property and patented technology                                           1,925                       1,925            \n Operating lease right-of-use assets, net                                                339                         173              \n Deposits                                                                                161                         161              \n Total non-current assets                                                                2,478                       2,321            \n Total assets                                                                     $      56,822              $       60,247           \n                                                                                                                                      \n LIABILITIES AND STOCKHOLDERS’ EQUITY                                                                                                 \n Current liabilities:                                                                                                                 \n Accounts payable                                                                 $      443                 $       985              \n Accrued liabilities                                                                     1,141                       906              \n Operating lease liabilities                                                             359                         174              \n Other current liabilities                                                               134                         35               \n Total current liabilities                                                               2,077                       2,100            \n                                                                                                                                      \n Non-current liabilities:                                                                                                             \n Operating lease liabilities                                                             -                           12               \n Total non-current liabilities                                                           -                           12               \n Total liabilities                                                                       2,077                       2,112            \n Commitments and contingencies                                                                                                        \n                                                                                                                                      \n Stockholders’ equity                                                                                                                 \n Class A common stock, par value $0.0001 per share, 22,049,621 shares issued             2                           2                \n and outstanding as of June 30, 2026 and December 31, 2025, respectively                                                              \n Class C common stock, par value $0.0001 per share, 22,500,000 shares issued             2                           2                \n and outstanding as of June 30, 2026 and December 31, 2025, respectively                                                              \n Additional paid in capital                                                              65,153                      64,070           \n Accumulated deficit                                                                     (36,329  )                  (34,215  )       \n Noncontrolling interest                                                                 25,917                      28,276           \n Total stockholders’ equity                                                              54,745                      58,135           \n Total liabilities and stockholders’ equity                                       $      56,822              $       60,247           \n\n\n \n\n\n\nView source version on businesswire.com:\nhttps://www.businesswire.com/news/home/20260810872506/en/\n(https://www.businesswire.com/news/home/20260810872506/en/)\n\nInvestor Relations:\n\nCaldwell Bailey (ICR)\n\nverdeIR@icrinc.com (mailto:verdeIR@icrinc.com)\n\n\nCopyright Business Wire 2026","article_body_html":"","raw_payload":{"data":{"id":"nBw5103Xva","title":"Verde Clean Fuels, Inc. Reports Q2 2026 Results","author":"Business Wire","ticker":"VGAS","created":"2026-08-10T21:32:00.060Z","tickers":["VGAS"],"exchange":"NASDAQ","article_body":"Verde Clean Fuels, Inc. Reports Q2 2026 Results\n\n\n * Maintained strong balance sheet with $53.5 million cash and no debt\n\n * Realized 24% lower Q2 net loss year-over-year as cost savings initiatives\ncontinue\n\n * Advancing evaluation of strategic alternatives\n\nVerde Clean Fuels, Inc. (“Verde” or the \"Company”) (Nasdaq: VGAS)\nannounced today financial results for the second quarter and first half of\n2026.\n\n“During the second quarter, we continued to execute on our cost reduction\ninitiatives while maintaining financial flexibility, ending the quarter with\nmore than $50 million of cash and no debt. We remain focused on preserving\nshareholder capital while advancing our technology deployment strategy and\nevaluating potential strategic opportunities that we believe could maximize\nshareholder value,\" said George Burdette, CEO of Verde.\n\nAs of June 30, 2026, the Company had $53.5 million of cash and cash\nequivalents and no debt. Shares outstanding remained unchanged at 44.5 million\nshares including both Class A and Class C common stock.\n\nFor the second quarter 2026, the Company recorded a net loss of $(1.9) million\nand diluted net loss per share of Class A common stock of $(0.04) compared to\na net loss of $(2.5) million and diluted net loss per share of Class A common\nstock of $(0.07) for the same period in 2025. For the first half of 2026, the\nCompany recorded a net loss of $(4.3) million and diluted net loss per share\nof Class A common stock of $(0.10), compared to a net loss of $(5.3) million\nand diluted net loss per share of Class A common stock of $(0.15) for the same\nperiod in 2025. The lower losses were primarily due to implementation of our\ncost savings initiatives, which resulted in lower general and administrative\nexpenses.\n\nAbout Verde Clean Fuels, Inc.\n\nVerde owns an innovative and proprietary gas-to-liquids processing technology\ncapable of converting low-value or stranded feedstocks into higher-value clean\ntransportation fuels. Our synthesis gas (“syngas”)-to-gasoline plus\n(STG+(®)) process is designed to convert syngas, derived from a variety of\nfeedstocks, including natural gas and biomass, into fully finished liquid\nfuels that require no additional refining. The STG+(®) technology is\nengineered for industrial-scale deployment and intended to be delivered in\nstandardized modular units. Over $150 million has been invested in the\ndevelopment and demonstration of the STG+(®) technology since 2007, including\nthe construction and operation of a demonstration plant that has completed\nover 10,000 hours of operation.\n\nForward-Looking Statements\n\nThis press release contains “forward-looking statements” within the\nmeaning of Section 27A of the Securities Act of 1933, as amended, and Section\n21E of the Securities Exchange Act of 1934, as amended. All statements, other\nthan statements of present or historical fact included herein, regarding the\nCompany’s expectations and any future financial performance, the Company’s\nstrategy, future operations, financial position, prospects, plans, goals and\nobjectives of management are forward-looking statements. The words\n“could,” “should,” “would,” “will,” “aim,” “may,”\n“focus,” “believe,” “anticipate,” ”intend,” “estimate,”\n“expect,” “advance,” ”project,” “plan,” “potential,”\n\"goal,” “strategy,” “proposed,” “positions,” the negative of\nsuch terms and other similar expressions are intended to identify\nforward-looking statements, although not all forward-looking statements\ncontain such identifying words. Such forward-looking statements are not\nguarantees of future performance, conditions or results, and involve a number\nof known and unknown risks, uncertainties, assumptions and other important\nfactors, many of which are outside the control of the Company, that could\ncause actual results or outcomes to differ materially from those discussed in\nthe forward-looking statements. These forward-looking statements are based on\nmanagement’s current expectations and assumptions about future events and\nare based on currently available information as to the outcome and timing of\nfuture events. Except as otherwise required by applicable law, the Company\ndisclaims any duty to update any forward-looking statements, all of which are\nexpressly qualified by the statements in this section, to reflect events or\ncircumstances after the date hereof. The Company cautions you that these\nforward-looking statements are subject to risks and uncertainties, most of\nwhich are difficult to predict and many of which are beyond the Company’s\ncontrol. These risks and uncertainties include, but are not limited to:\nchanges in general economic, financial, legal, regulatory, political,\ngovernmental and business conditions; changes in domestic and foreign markets\nand policies; the failure of the Company to deploy its technology; the failure\nof the Company to commercialize its technology for any reason; the failure of\nthe Company to complete any transaction; the risks and uncertainties relating\nto the implementation of the Company’s strategy and the timing of any\nbusiness milestone; and delays in acquisition, financing, construction and\ndevelopment of any potential project. Should one or more of the risks or\nuncertainties described herein and in any oral statements made in connection\ntherewith occur, or should underlying assumptions prove incorrect, actual\nresults and plans could differ materially from those expressed in any\nforward-looking statements. There may be additional risks that the Company\npresently does not know or that the Company currently believes are immaterial\nthat could cause actual results to differ from those contained in the\nforward-looking statements. Additional information concerning these and other\nfactors that may impact the Company’s expectations and projections can be\nfound in the Company’s filings with the Securities and Exchange Commission\n(the “SEC”). The Company’s filings with the SEC are available publicly\non the SEC’s website at www.sec.gov\n(https://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww.sec.gov&esheet=54587013&newsitemid=20260810872506&lan=en-US&anchor=www.sec.gov&index=1&md5=0115440a0a487bacaa0c06f3e693395c)\n.\n\nVERDE CLEAN FUELS, INC.\n\nCONSOLIDATED STATEMENTS OF OPERATIONS\n\n(Unaudited)\n                                                                           Three Months Ended                                   Six Months Ended                                 \n                                                                           \n                                                    \n                                                \n                                                                           \nJune 30,                                            \nJune 30,                                        \n (in thousands, except share and per share amounts)                             2026                       2025                      2026                       2025             \n General and administrative expenses                                       $    2,359                 $    3,094                $    5,032                 $    6,092            \n Research and development expenses                                              165                        145                       346                        329              \n Total operating loss                                                           2,524                      3,239                     5,378                      6,421            \n                                                                                                                                                                                 \n Other (income)                                                                 (478        )              (665        )             (985        )              (1,196      )    \n Loss before income taxes                                                       (2,046      )              (2,574      )             (4,393      )              (5,225      )    \n Income tax expense (benefit)                                                   (106        )              (28         )             (60         )              25               \n Net loss                                                                  $    (1,940      )         $    (2,546      )        $    (4,333      )         $    (5,250      )    \n Net loss attributable to noncontrolling interest                          $    (1,033      )         $    (1,286      )        $    (2,219      )         $    (2,743      )    \n Net loss attributable to Verde Clean Fuels, Inc.                          $    (907        )         $    (1,260      )        $    (2,114      )         $    (2,507      )    \n                                                                                                                                                                                 \n Earnings per share                                                                                                                                                              \n Weighted average Class A common stock outstanding, basic and diluted           22,070,453                 18,836,078                22,070,453                 16,833,316       \n Loss per share of Class A common stock                                    $    (0.04       )         $    (0.07       )        $    (0.10       )         $    (0.15       )    \n\n\nVERDE CLEAN FUELS, INC.\n\nCONSOLIDATED BALANCE SHEETS\n\n(Unaudited)\n                                                                                  As of                                               \n (in thousands, except share and per share amounts)                               June 30, 2026              December 31, 2025        \n ASSETS                                                                                                                               \n Current assets:                                                                                                                      \n Cash and cash equivalents                                                        $      53,454              $       57,215           \n Restricted cash                                                                         100                         100              \n Accounts receivable – other                                                             -                           145              \n Prepaid expenses and other current assets                                               790                         466              \n Total current assets                                                                    54,344                      57,926           \n                                                                                                                                      \n Non-current assets:                                                                                                                  \n Property, plant and equipment, net                                                      53                          62               \n Intellectual property and patented technology                                           1,925                       1,925            \n Operating lease right-of-use assets, net                                                339                         173              \n Deposits                                                                                161                         161              \n Total non-current assets                                                                2,478                       2,321            \n Total assets                                                                     $      56,822              $       60,247           \n                                                                                                                                      \n LIABILITIES AND STOCKHOLDERS’ EQUITY                                                                                                 \n Current liabilities:                                                                                                                 \n Accounts payable                                                                 $      443                 $       985              \n Accrued liabilities                                                                     1,141                       906              \n Operating lease liabilities                                                             359                         174              \n Other current liabilities                                                               134                         35               \n Total current liabilities                                                               2,077                       2,100            \n                                                                                                                                      \n Non-current liabilities:                                                                                                             \n Operating lease liabilities                                                             -                           12               \n Total non-current liabilities                                                           -                           12               \n Total liabilities                                                                       2,077                       2,112            \n Commitments and contingencies                                                                                                        \n                                                                                                                                      \n Stockholders’ equity                                                                                                                 \n Class A common stock, par value $0.0001 per share, 22,049,621 shares issued             2                           2                \n and outstanding as of June 30, 2026 and December 31, 2025, respectively                                                              \n Class C common stock, par value $0.0001 per share, 22,500,000 shares issued             2                           2                \n and outstanding as of June 30, 2026 and December 31, 2025, respectively                                                              \n Additional paid in capital                                                              65,153                      64,070           \n Accumulated deficit                                                                     (36,329  )                  (34,215  )       \n Noncontrolling interest                                                                 25,917                      28,276           \n Total stockholders’ equity                                                              54,745                      58,135           \n Total liabilities and stockholders’ equity                                       $      56,822              $       60,247           \n\n\n \n\n\n\nView source version on businesswire.com:\nhttps://www.businesswire.com/news/home/20260810872506/en/\n(https://www.businesswire.com/news/home/20260810872506/en/)\n\nInvestor Relations:\n\nCaldwell Bailey (ICR)\n\nverdeIR@icrinc.com (mailto:verdeIR@icrinc.com)\n\n\nCopyright Business Wire 2026"},"type":"article","timestamp":"2026-08-10T21:32:00.126229749Z","server_sent_at_ms":1786397520126},"received_at":"2026-08-10T21:32:00.300Z","source_url":"https://www.businesswire.com/news/home/20260810872506/en/"},"analysis":{"id":"103721","press_release_id":"114722","analysis_json":{"industry":{"label":"Oil, Gas & Consumable Fuels","sector":"Energy"},"redFlags":["Evaluating strategic alternatives"],"eventType":"earnings","narrative":"Verde Clean Fuels reported a Q2 2026 net loss of $1.9 million, improving 24% from the prior year's loss of $2.5 million, driven by reduced general and administrative expenses.\n\nThe company ended the quarter with $53.5 million in cash and no debt, maintaining a strong balance sheet while continuing to evaluate strategic alternatives.\n\nManagement highlighted that lower operating losses reflect the success of ongoing cost reduction initiatives aimed at preserving shareholder capital.","sentiment":"bullish","agentHooks":{"shouldPost":false,"suggestedAngle":"Pre-revenue developer cuts net loss by 24% and preserves $53.5M cash runway during strategic review."},"keyFigures":{"customDimensions":{"cash_balance":53500000,"shares_outstanding":44500000}},"quotedText":"During the second quarter, we continued to execute on our cost reduction initiatives while maintaining financial flexibility, ending the quarter with more than $50 million of cash and no debt.","namedEntities":{"people":[{"name":"George Burdette","role":"CEO"},{"name":"Caldwell Bailey","role":"Investor Relations Contact"}],"products":["STG+(®)"],"companies":[{"name":"Verde Clean Fuels, Inc.","ticker":"VGAS"},{"name":"ICR","relationship":"Investor Relations Firm"}],"dollarAmounts":[{"amount":"$53.5 million","context":"cash and cash equivalents as of June 30, 2026"},{"amount":"$1.9 million","context":"Q2 2026 net loss"},{"amount":"$2.5 million","context":"Q2 2025 net loss"},{"amount":"$4.3 million","context":"Six months ended 2026 net loss"},{"amount":"$150 million","context":"invested in STG+(®) technology development since 2007"}]},"materialImpact":{"score":2,"reasoning":"Pre-revenue company narrowed its net loss by 24% year-over-year due to successful cost-cutting initiatives and maintained a strong cash position with no debt. 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