XCF Global (SAFX)
Produces renewable fuels from a Reno platform while shifting offtake arrangements.
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Produces SAF, renewable diesel, renewable naphtha, and related environmental credits in one renewable-fuels segment. New Rise Reno anchors the operating model while offtake shifts from Phillips 66 toward a BGN tolling and distribution framework.
Produces sustainable aviation fuel, renewable diesel, renewable naphtha, and related environmental credits through one renewable-fuels segment. New Rise Reno is the flagship facility, with management focused on ramp-up and restart work after initial production and deliveries began before the public listing.
Sales were previously tied to a Phillips 66 supply and offtake agreement. After that agreement was terminated, the disclosed replacement path shifted toward a BGN tolling and offtake framework using XCF's production platform and BGN's trading and distribution network.
Operations are concentrated in the United States, with Houston headquarters and a Nevada operating base. The proposed Southern Energy and DevvStream combination remains subject to approvals, financing, plant-conversion milestones, and other closing conditions.
Company facts
No analyst consensus on record.
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $329.1K · Total debt $257.4M · Total assets $421.0M · Shareholders' equity $37.3M
- Revenue
- $690.9K
- Operating income
- −$5.8M
- Net income
- −$14.1M
No dividends on record.
| Institutions | 2.98% | 12.25M shares | |
|---|---|---|---|
| 56 holders · as of Jun 30, 2026 | |||
| Insiders | 56.16% | 230.72M shares | |
| 5 holders · as of Jul 10, 2026 | |||
| Strategic holders | 58.82% | 241.63M shares | |
| 5 holders · as of Sep 15, 2026 | |||
| Adds to | 117.96% | ||
410.82M company shares as of Sep 22, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
Two share counts disagree (410.82M in the company's Sep 22, 2026 report, 363.46M elsewhere); stakes use the report.
These groups come from separate filings that can overlap, so they add to 117.96%; nothing is left for Other.
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
Majique LadnierInsider | 35.12% | 144.27M | filed Jun 22, 2026 |
EEME Energy SPV I, LLCStrategic10 percent owner | 26.65% | 109.50M | filed Jun 22, 2026 |
Randy Soule1Insider10 percent owner | 17.62% | 72.38M | filed May 22, 2026 |
Resc Renewables Holdings, LLCStrategic10 percent owner | 16.29% | 66.93M | filed Jan 12, 2026 |
GL Part SPV II, LLC2Strategicother: Affiliate of 10% owner | 6.69% | 27.48M | filed Sep 15, 2026 |
- Randy Soule's own ownership statement (13D, May 22, 2026) reports fewer shares than the transaction reports; the statement is used.
- GL Part SPV II, LLC's transaction reports restate only vehicles that traded; the 2026 ownership statement (27.48M) is used instead.
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Sep 14, 2026 | GL Part SPV II, LLC | other: Affiliate of 10% owner | +6,891,798 | $2.50 |
| May 15, 2026 | Randy Soule | 10 percent owner | −5,000,000 | $0.4074 |
| Apr 30, 2026 | Randy Soule | 10 percent owner | −9,000,000 | $0.3440 |
| Mar 12, 2026 | Randy Soule | 10 percent owner | −1,261,830 | $0.5200 |
| Feb 25, 2026 | Randy Soule | 10 percent owner | −2,000,000 | $0.1200 |
- Calumet
North American SAF, renewable diesel, and naphtha overlap
- Gevo
Alcohol-to-jet SAF developer with contracted airline demand
- LanzaTech Global
Waste-carbon ethanol and LanzaJet ATJ routes into SAF
Compare
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| XCF Global | $0.4580 | −8.84% | $182.6M | — | — | 12.0 | — |
| Calumet | $55.80 | −3.99% | $5.06B | — | 16.3 | 1.1 | +40.8% |
| Gevo | $1.57 | +1.62% | $374.9M | — | 30.7 | 2.1 | +7.1% |
| LanzaTech Global | $6.36 | +4.61% | $13.4M | 0.1 | — | 0.2 | −0.8% |
| Median | 0.1 | 23.5 | 1.1 | +7.1% |