XCF Global CEO Addresses Shareholders After Share Price Slide
XCF Global's chief executive wrote to shareholders about the share price decline, pointing to Reno output gains and a closed business combination.
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what happened
XCF Global, a U.S. producer of renewable diesel and SAF, has told shareholders it understands their frustration over a recent drop in the share price. In a letter attributed to chief executive Chris Cooper, the company said short-term market moves are beyond its control, so it is focusing on operations and capital management.
The company says its Reno plant has moved from construction and commissioning into commercial operation. It reported revenue above $10 million for August, gross product sales above $12 million for September on a non-GAAP basis, and daily output of roughly 85,000 gallons by the end of September. It also announced the completion of its business combination with Southern Energy Renewables and DevvStream.
The information comes from a release distributed by ACCESS Newswire.
why it matters
For investors, the key question is whether operating gains turn into sustained profitability and a stronger balance sheet. The release also flags risks tied to financing, integration of the acquired businesses and Nasdaq listing requirements, so pressure on SAFX shares may persist until improvements show up in reported figures.
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- XCF Global CEO Updates Shareholders Following Recent Market Volatility — accessnewswire.com, 16 October 2026 at 22:45 UTC
prepared by the newsmetry newsroom with ai assistance from the sources listed below. not investment advice.
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