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Stock impact report

Verde Clean Fuels, Inc. Reports Third Quarter 2024 Results

Verde Clean Fuels, Inc. - Class A (VGAS) 
Company Research Source: Business Wire
Third Quarter 2024 and Subsequent Company HighlightsProceeding with front end engineering and design (“FEED”) for proposed Permian Basin project with Diamondback EnergyAnnounced appointment of Mr. George Burdette as Chief Financial Officer in October 2024 HOUSTON--(BUSINESS WIRE)--Verde Clean Fuels, Inc. (“Verde” or “the Company”) (NASDAQ: VGAS) today reported results for third quarter 2024.“We remain focused on our plans to deploy our proprietary liquid fuels processing technology through the development of commercial production plants. During Q3 2024, we continued to progress the FEED for the proposed Permian Basin project with Diamondback, which could serve as a template for additional projects going forward. We also continue to 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, 2024, the Company recorded net loss of $(2.5) million and diluted n Show less Read more
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