Acquisition further expands XCF's alternative energy platform with the proposed addition of ~50 million annual gallons of sustainable aviation fuel, renewable diesel and renewable naphtha production capacity, strategically located in Southern California close to Los Angeles International Airport.Acquisition is expected to be accretive to XCF shareholder value, with XCF management's annual targets of $600 million in gross product sales, $100 million in net revenue and $40 million in EBITDA, following a 9-12-month restart period1.Paramount location is first commercial-scale renewable jet-fuel (SAF) production facility in US and is well positioned logistically with refining, blending, storage, logistics, rail and truck terminal facilities along with interests in more than 65 miles of pipeline assets.
The combination brings together both today-and future technology alternative fuel production capability, biomass-to-fuels development and environmental-asset monetization to support domestic energy security, reduced carbon emissions and alternative uses for agricultural waste products.With the closing of the business combination, XCF is updating its 2027 financial outlook to reflect gross product sales of $650 to 700 million, net revenue of $120- 130 million and EBITDA of $70-75 million.1XCF believes that the combination will create meaningful shareholder value resulting from combined target 2030 annual gross product sales of more than $1.4 billion, net revenue of more than $400 million and EBITDA of more than $300m.1 "Please refer to the important note regarding Non-GAAP Measures at the end of this press release for additional information regarding gross product sales. These targets are not projections and are forward-looking statements and are subject to the risks, uncertainties, and assumptions described under "Cautionary Note Regarding Forward-Looking Statements" below
Operational and commercial activity at XCF's New Rise Renewables Reno facility continued to ramp resulting in increased gross product sales, shipments and productionDaily production increased to ~85,000 gallons per day, approaching the facility's nameplate capacity of 105,000 -110,000 gallons per day
Approval Advances Strategic Growth of XCF's Diversified Alternative Energy Platform and Marks a Major Milestone as the Parties Work Toward Closing as Soon as Practicable
XCF Global Capital (NASDAQ:SAFX) stockholders approved five proposals at a special meeting, including measures to increase the company’s authorized Class A common stock, authorize potential share issuance tied to a business combination, elect seven post-closing directors and expand the company’s equ
HOUSTON, TX / ACCESS Newswire / September 25, 2026 / XCF Global Inc. ("XCF") (NASDAQ:SAFX), a scaling U.S.-based producer of renewable diesel and sustainable aviation fuel ("SAF"), today announced August revenue from the sale of renewable diesel of more than $10 million from the shipment of 1.3 million gallons from XCF's New Rise Renewables Reno facility.
Amended terms increase expected XCF shareholder ownership in the combined company for existing XCF shareholders to approximately 69.57% and for former DevvStream shareholders to approximately 10.43%, respectively while adding committed and new post-closing capital support for XCF and streamline certain closing conditions as the proposed combination advances toward completion.
As Canadian oil sands cutbacks squeeze conventional refiners, XCF Global demonstrates how domestic waste-to-fuel production insulates transportation fuel supplies from cross-border disruptions.
HOUSTON, TX / ACCESS Newswire / August 18, 2026 / XCF Global, Inc. (NASDAQ:SAFX) ("XCF" or the "Company"), an emerging U.S.-based producer of renewable diesel and sustainable aviation fuel (SAF), today announced a key operational and revenue-generating milestone: its flagship New Rise Renewables Reno facility is actively delivering approximately 55,000 gallons of renewable diesel per day to the market.
New Rise Renewables Reno advances renewable diesel operations following upgrade work; operational improvements are designed to support reliability, efficiency and commercial execution
