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XCF CEO says Reno plant is ramping to commercial ops, reports Aug revenue and Sept sales; closes business combination
XCF Global (SAFX) CEO addressed recent share-price volatility and said the New Rise Reno facility is transitioning to commercial operations, reporting >$10M revenue in August, >$12M in gross product sales in September and ~85,000 gallons/day production by end-September; the company also closed its business combination with Southern Energy Renewables and DevvStream. Management says these milestones support a ramp toward the plant's 38–40M gallon/year nameplate capacity but notes the sales figures are non‑GAAP, profitability is not yet established, and the company flagged risks including Nasdaq compliance, lease and lender disputes, integration and financing challenges.
XCF (SAFX) closes all-stock deal with Southern Energy and DevvStream; updates 2027 outlook
XCF Global (SAFX) completed an all-stock business combination with Southern Energy Renewables and DevvStream, which are now wholly owned subsidiaries and whose former equity holders own ~20.0% and ~10.43% of XCF respectively, creating a vertically integrated platform combining HEFA-based fuel production, planned gasification feedstock pathways and internal environmental-asset monetization. XCF updated its 2027 outlook to $650–700M gross product sales, $120–130M net revenue and $70–75M EBITDA and disclosed 2030 targets (>$1.4B gross sales, >$400M net revenue, >$300M EBITDA), while warning these are forward-looking and subject to operational, financing, regulatory and facility-specific risks.
SAFX reports >$10M August revenue from 1.3M gallons shipped
XCF Global (SAFX) reported more than $10 million of August revenue from shipment of 1.3 million gallons of renewable diesel from its New Rise Reno facility, representing the first full month of commercial sales after a July restart; the company says the revenue includes product sales, incentives and renewable attributes. Management says production has ramped from roughly 50,000 to over 70,000 gallons per day with a goal of reaching nameplate capacity (~38M gal/year, >100,000 gpd), but the company faces lease/lender disputes, Nasdaq compliance requirements and financing risks.
XCF Global begins renewable diesel sales to Tartan from Reno plant
SAFX filed SEC Form 8-K. New Rise began producing renewable fuels in July 2026 after upgrade work, and XCF said it executed a definitive commercial framework with BGN in July 2026 covering feedstock supply, production, logistics and commercialization.
XCF (SAFX) advances Reno plant commissioning; catalyst activation underway
XCF Global (SAFX) says its New Rise Renewables Reno facility has received and loaded process catalyst and is progressing through reformer startup and catalyst activation as part of commissioning toward initial renewable diesel production. The company expects the plant to initially produce renewable diesel while systems are optimized before transitioning to sustainable aviation fuel; the facility has a permitted nameplate capacity of 38 million gallons/year but remains in startup and subject to operational, financial and regulatory risks.