News about SAFX

XCF Global (Nasdaq: SAFX) has signed a definitive agreement to acquire a renewable fuel production facility in Paramount, California, through its new subsidiary New Rise Renewables Paramount, LLC. The site can produce about 50 million gallons per year of sustainable aviation fuel, renewable diesel and renewable naphtha, and it sits less than 20 miles south of downtown Los Angeles near LAX, which serves more than 76 million passengers annually. After a 9-12 month restart, management targets $600 million in gross product sales, $100 million in net revenue and $40 million in EBITDA. XCF plans to invest about $30 million during the restart, more than double the team size, and source feedstock through its partnership with BGN. The deal is expected to close before the end of 2026, subject to agreed conditions.

XCF Global (NASDAQ: SAFX) CEO Chris Cooper told shareholders that the recent share price decline and volatility are a concern, and that management will focus on factors it controls, including executing strategy, managing resources and building long-term value. The company says its Reno facility has moved from development and commissioning into commercial operations, reporting over $10 million in revenue for August and over $12 million in gross product sales (a non-GAAP measure) for September, with daily production near 85,000 gallons by the end of September. It also announced the closing of its business combination with Southern Energy Renewables and DevvStream. Cooper said operational progress must ultimately translate into sustainable profitability and greater financial strength.

XCF Global (NASDAQ: SAFX) has completed its all-stock business combination with Southern Energy Renewables and DevvStream, which are now wholly owned subsidiaries. Former shareholders of Southern and DevvStream hold about 20.0% and 10.43% of XCF's common stock, respectively, and three new directors joined the board. XCF updated its 2027 outlook to gross product sales of $650 to 700 million, net revenue of $120-130 million and EBITDA of $70-75 million. The company targets combined 2030 gross product sales above $1.4 billion, net revenue above $400 million and EBITDA above $300m.