Verde Clean Fuels (VGAS)
Converts syngas into finished fuels through STG+ licensing and technical services.
Something off on this page? Send us feedback.
Develops STG+ technology for turning syngas from natural gas or biomass into finished fuels, with revenue expected from licensing plus engineering, technical, and operational services. Commercialization is concentrated in the US and reset after the Permian Basin project was suspended.
Owns STG+ technology, a syngas-to-gasoline process designed to convert natural gas or biomass into finished liquid fuels without additional refining. The current named pathways are natural gas-to-gasoline and biomass-to-gasoline, with RBOB gasoline as the main fuel output and methanol as an adapted use case.
Commercialization is concentrated in the US and remains pre-commercial. After suspending the Permian Basin project, the business shifted away from company-owned production plants toward a capital-lite model built around licensing, engineering, technical support, and operational services. Execution now depends on deploying STG+ through partners while a strategic-alternatives review evaluates licensing, partnerships, asset transactions, or a broader corporate transaction.
Company facts
No analyst consensus on record.
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $53.5M · Total debt $359.0K · Total assets $56.8M · Shareholders' equity $28.8M
- Revenue
- $0
- Operating income
- −$2.5M
- Net income
- −$907.0K
No dividends on record.
| Institutions | 2.71% | 1.21M shares | |
|---|---|---|---|
| 35 holders · as of Jun 30, 2026 | |||
| Insiders | 3.50% | 1.56M shares | |
| 7 holders · as of Aug 14, 2026 | |||
| Strategic holders | 32.55% | 14.50M shares | |
| 1 holder · as of Jan 31, 2025 | |||
| Other | 61.24% | 27.28M shares | |
| remainder | |||
44.55M company shares as of Sep 22, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
This company has 2 share classes; every stake here is a share of the whole company.
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
Diamondback Energy, Inc.Strategicdirector, 10 percent owner | 32.55% | 14.50M A | filed Jan 31, 2025 |
Bluescape Energy Partners LLCInstitution | 1.80% | 800,000 A | as of Jun 30, 2026 |
George W. III BurdetteInsiderofficer: CEO and CFO | 0.78% | 347,826 A | filed Aug 14, 2026 |
John R. DoyleInsiderofficer: Chief Technology Officer | 0.78% | 347,826 A | filed Aug 14, 2026 |
Ron HulmeInsiderdirector | 0.46% | 202,817 A | filed Aug 14, 2026 |
Insider tradesForm 4
No open-market trades in the last 12 months.
- ExxonMobil
Direct MTG licensor for synthetic gasoline projects
- Sasol (ADR)
FT/GTL licensor and operator with syngas conversion scale
- Shell (ADR)
Proprietary GTL platform for synthetic fuels and base oils
- Honeywell Technologies
Process-technology licensor for renewable fuels and eSAF
- LanzaTech Global
Gas-fermentation platform for waste-carbon fuels and chemicals
- Gevo
Renewable gasoline and SAF developer using alcohol-to-jet routes
Compare
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Verde Clean Fuels | $1.26 | −5.97% | $59.7M | — | — | — | — |
| ExxonMobil | $159.73 | +0.90% | $656.48B | 20.4 | 13.0 | 1.8 | +46.0% |
| Sasol (ADR) | $13.71 | +1.11% | $8.65B | 11.5 | — | 0.5 | +28.7% |
| Shell (ADR) | $94.06 | +0.85% | $260.05B | 10.3 | 9.0 | 0.9 | +44.7% |
| Honeywell Technologies | $211.46 | +2.41% | $65.44B | 8.0 | 22.9 | 1.8 | −49.9% |
| LanzaTech Global | $6.26 | +2.91% | $13.4M | 0.1 | — | 0.2 | −0.8% |
| Gevo | $1.57 | +1.95% | $374.9M | — | 30.8 | 2.1 | +7.1% |
| Median | 10.3 | 18.0 | 1.3 | +17.9% |