XCF Global reports over 2.5 million gallons produced as Reno facility prepares for June restart

XCF Global Capital (NASDAQ:SAFX) provided a comprehensive corporate and operational update for the first quarter of 2026, highlighting a period of significant structural expansion and production milestones.

The company reported that its New Rise Reno facility has produced more than 2.5 million gallons of renewable fuel to date, with a full operational restart targeted for June 2026 as the site moves toward nameplate capacity.

The quarter was marked by the filing of XCF’s first Form 10-K, a key regulatory step following its public listing.

Strategically, the company has entered into a definitive business combination agreement with Southern Energy Renewables and DevvStream, aimed at creating a vertically integrated renewable energy platform.

This expansion is supported by a binding offtake term sheet with BGN and a new commercial collaboration with Axens to optimize refining processes.

Looking ahead, management established aggressive financial and production targets for 2027.

XCF is projecting gross product sales between $775 million and $825 million, which is expected to translate into net revenue of $110 million to $120 million and EBITDA in the range of $65 million to $70 million.

These figures are underpinned by a forecasted annual renewable fuel production volume of 40 million to 43 million gallons.