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Friday, 13 November 2026RU UZ EN

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Gevo Shares Surge 30.9% to $1.82 Following Q3 Report

Gevo Raises Adjusted EBITDA Forecast for 2026 from $60 Million to $90 Million

12 Nov, 17:05

GEVO

At the close of trading, Gevo shares were priced at $1.82, up from $1.39 the previous day. The company reported third-quarter 2026 revenue of $83 million—94% higher than the same period last year and exceeding analysts' expectations of $54.5 million.

Adjusted earnings per share stood at $0.12, compared to a forecast of $0.02. The company also announced record adjusted EBITDA of $44 million and operating cash flow of $41 million.

Gevo raised its adjusted EBITDA forecast for 2026 from $60 million to $90 million. CEO Paul Bloom stated that the results demonstrate the performance of the carbon business the company has built.

Gevo develops technologies for producing renewable fuels and chemical products. The company also owns an ethanol production plant and an adjacent carbon capture and storage facility.

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