Verde Clean Fuels, Inc. Reports Q1 2025 Results

Q1 2025 Highlights

• Continuing to advance front-end engineering and design (“FEED”) for proposed natural gas-to-gasoline project in the Permian Basin

• Closed $50 million equity investment by Cottonmouth Ventures, LLC (“Cottonmouth”), a wholly-owned subsidiary of Diamondback Energy, Inc. (“Diamondback”)

HOUSTON--(BUSINESS WIRE)--Verde Clean Fuels, Inc. (“Verde” or “the Company”) (NASDAQ: VGAS) today reported results for the first quarter 2025.

“We continue to advance our plans to deploy our proprietary liquid fuels processing technology through the development of commercial production plants. During the first quarter, we closed a $50 million equity investment by Cottonmouth into Verde. We also continue to advance FEED for the Permian Basin project, a proposed natural gas-to-gasoline plant to be jointly developed with Cottonmouth utilizing our technology and associated natural gas from Diamondback’s operations. In addition to advancing FEED, we have also identified a new site for the Permian Basin project with improved access to key utilities. We also continue to identify and evaluate other potential opportunities to deploy our technology while remaining disciplined with our resources,” said Ernest Miller, CEO of Verde.

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