Gevo Provides Renewable Natural Gas Production Update; Annualized Production Rate Of ~402,000 MMBtu In May, Exceeding Previous Record Of ~401,000 MMBtu In March
Portfolio Pulse from Benzinga Newsdesk
Gevo, Inc. (NASDAQ:GEVO) announced record renewable natural gas (RNG) production levels, achieving an annualized rate of approximately 402,000 MMBtu in May, surpassing the previous record of 401,000 MMBtu in March. Despite a slight disruption in June due to flooding, the company maintained strong production and expects to meet its annual target.
July 15, 2024 | 4:01 pm
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Gevo, Inc. achieved record renewable natural gas production levels in May, with an annualized rate of 402,000 MMBtu, surpassing the previous record. Despite a slight disruption in June due to flooding, the company maintained strong production and expects to meet its annual target.
The record production levels and the ability to maintain strong production despite disruptions indicate operational efficiency and resilience, which are positive signals for investors. This is likely to have a positive short-term impact on GEVO's stock price.
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