XCF Global Reports Doubled Q1 Net Loss of $17.8M; Phillips 66 Offtake Canceled
SAFX has more than doubled off its 52-week low of $0.119 on light trading volume (0.1× avg).
Summary
XCF Global, Inc. reported its first-quarter 2026 results, revealing a significant increase in net loss to $(17.81) million, more than doubling from $(7.47) million in the prior year, with diluted EPS loss widening to $(0.07). While the company generated its first revenue of $348.69K from its New Rise Reno facility, a major negative development is the cancellation of the Phillips 66 offtake agreement effective May 1, 2026. XCF Global has since executed a tolling term sheet with BGN to provide production and marketing services. This financial performance, particularly the increased loss and the loss of a key offtake partner, presents a challenging picture despite recent positive operational updates and ambitious 2027 targets. Traders will be closely watching the company's ability to resume full SAF production by Q2 2026 and the effectiveness of the new BGN agreement in mitigating the impact of the Phillips 66 contract termination.
At the time of this announcement, SAFX was trading at $0.43 on NASDAQ in the Energy & Transportation sector, with a market capitalization of approximately $123.4M. The 52-week trading range was $0.12 to $45.90. This news item was assessed with negative market sentiment and an importance score of 8 out of 10. Source: Wiseek News.