# Gevo's "record" quarter is a carbon-credit story - read the EBITDA that way

> Gevo reported record Q3 2026 revenue of $82.95 million and adjusted EBITDA of $44 million, with 77.5% of revenue from carbon credits and tax credit sales. Management raised 2026 EBITDA guidance to over $90 million and plans to double North Dakota ethanol capacity to 150 million gallons by 2028.

- Date: 2026-11-11 · published 2026-11-12T00:17:50.827Z
- Category: policy · region US · magnitude low
- Page: https://feedsoft.ai/events/94481-gevo-s-record-quarter-is-a-carbon-credit-story-read-the-ebitda-that-way
- Commodities: [Ethanol](https://feedsoft.ai/c/ETHANOL.md)

## Why it matters

Gevo's earnings depend on policy-driven credits rather than fuel margins, and its capacity expansion would add ethanol supply over time. The effect on feed commodity prices is small.

## Read by commodity

- ETHANOL: neutral

## Sources

- ainvest.com: https://www.ainvest.com/news/gevo-record-quarter-carbon-credit-story-read-ebitda-2611/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.