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Companies / Materials / Verde Clean Fuels, Inc.
VGAS

Verde Clean Fuels, Inc.

MaterialsChemicals
Ticker VGASHOUSTON, TXFiscal year ends DecemberBook value per share $1.31Diluted shares 22.1M

Verde Clean Fuels, Inc. (Nasdaq: VGAS) owns the STG+® process, a technology designed to convert synthesis gas made from natural gas or biomass into finished liquid fuels, including gasoline blendstock that can be used in existing fuel infrastructure. The company is focused on commercializing the technology through… From the company’s description.

In fiscal 2025, Verde Clean Fuels, Inc. reported a net loss of $14.13M. Operations used $8.89M in cash.

Fiscal year 2025 · ends 12-31Changes are against fiscal 2024The amber dot is the latest twelve months, to 2026-06-30
Sales & profitability
—
0.00%FY2025
$-14.13MFY2025
−34.4% year over year
Last 12 mo $-13.22M
-10.02%FY2025
+22.5 percentage points
Last 12 mo -22.77%
Cash & financing
$-8.89MFY2025
−0.1% year over year
Last 12 mo $-6.45M
$-16.57MFY2025
−45.0% year over year
Last 12 mo $-12.57M
—
17.8MFY2025
+183.9% year over year
Last 12 mo 22.1M

Margins and return on equity change in ; everything else in percent. Fewer shares and less debt are shown plainly, not as bad news — it depends what you make of buybacks. Dotted labels explain each measure. is shown separately from the annual figures.

What Verde Clean Fuels, Inc. does

In the company’s own words

Verde Clean Fuels, Inc. (Nasdaq: VGAS) owns the STG+® process, a technology designed to convert synthesis gas made from natural gas or biomass into finished liquid fuels, including gasoline blendstock that can be used in existing fuel infrastructure. The company is focused on commercializing the technology through capital-lite arrangements, including licensing and providing engineering, technical and operational services to customers building and operating production plants. Potential customers include fuel refiners, importers, distributors, blenders, retailers and trading organizations, as well as energy companies, project developers and industrial operators. Verde acquired the technology from Primus Green Energy in 2020; its demonstration plant has completed more than 10,000 operating hours. The company has no reportable operating segments and had not generated revenue from its principal business activities as of December 31, 2025. Its proposed Permian Basin natural gas-to-gasoline project was suspended in February 2026, and Verde is pursuing alternative deployment opportunities. Its website is www.verdecleanfuels.com.

Company details
Sector
Materials
Industry (SIC)
Chemicals
Headquarters
HOUSTON, TX
Fiscal year end
December
CIK
1841425
SIC
2860

Financial performance, year by year

Fiscal 2021–2025 · USD
$-15.50M$-11.40M$-7.30M$-3.21M$0.89M20212022202320242025Last 12 moLast 12 months

The full income statement, balance sheet and cash flow for each of these years — every figure traceable to its filing — is on the Financials tab with a free account.

Ownership

Who owns Verde Clean Fuels, Inc. — and what changed

Funds as of 2026Q2 · superinvestors as of 2026-06-30

31
funds hold it
0 of 35
superinvestors hold it
$0.37M
held by funds, at market
1.3%
of shares held by funds

Largest fund holders · Verde Clean Fuels, Inc.’s weight in each

VANGUARD TOTAL STOCK MARKET INDEX FUND
VTI · VANGUARD INDEX FUNDS
0.00%of fund net assets
Fidelity Small Cap Index Fund
FSSNX · Fidelity Salem Street Trust
—of fund net assets
Fidelity Extended Market Index Fund
FSMAX · Fidelity Concord Street Trust
—of fund net assets
VANGUARD EXTENDED MARKET INDEX FUND
VXF · VANGUARD INDEX FUNDS
0.00%of fund net assets
VANGUARD RUSSELL 2000 INDEX FUND
VTWO · VANGUARD SCOTTSDALE FUNDS
—of fund net assets

Fund ownership is a floor, not a census — pensions, insurers and people holding shares directly are not visible here.

Fund ownership counts N-PORT filers only, so it is a floor rather than a census — pensions, insurers and direct holders are not visible here, and the remainder is not “held by individuals”.

Could not be determined for this company: bond issues.

Every fund and institutional holder, quarter by quarter, is on the Ownership tab with a free account.

Connected research

Put this business in context.

Compare this company with peers, find it in your funds and follow its financial history with your connected AI:

  • “How do Verde Clean Fuels, Inc. and its peers compare on margins and cash generation over ten years?”
  • “Where did five years of Verde Clean Fuels, Inc.'s earnings go — cash, debt, buybacks, reinvestment?”
  • “What changed in Verde Clean Fuels, Inc.'s last four quarterly filings that the numbers alone won't show?”
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