Zefiro Methane Corp. 2024 Year in Review: Accelerating Commercial Growth and Operational Impact
Zefiro Methane Corp reported significant achievements in 2024, including consolidated revenues of USD $32.8 million and positive adjusted EBITDA that doubled over the previous quarter. The company completed its IPO on Cboe Canada and secured listings on Frankfurt Stock Exchange and OTCQB (ZEFIF).
Key developments include expansion of well plugging operations across West Virginia, Pennsylvania, Oklahoma, and Ohio, a methane abatement offset presale agreement with EDF Trading, and the acquisition of Plants & Goodwin. The company strengthened its leadership team with Mohit Gupta as CFO and Richard Walker as CTO, while maintaining an active presence at major industry events including UN COP29.
Zefiro Methane Corp ha riportato risultati significativi nel 2024, con ricavi consolidati di USD $32,8 milioni e un EBITDA rettificato positivo che è raddoppiato rispetto al trimestre precedente. L'azienda ha completato la sua IPO su Cboe Canada e ha ottenuto quotazioni sulla Borsa di Francoforte e OTCQB (ZEFIF).
Le principali novità includono l'espansione delle operazioni di chiusura dei pozzi in West Virginia, Pennsylvania, Oklahoma e Ohio, un accordo di pre-vendita per la riduzione del metano con EDF Trading, e l'acquisizione di Plants & Goodwin. L'azienda ha rafforzato il suo team dirigenziale con Mohit Gupta come CFO e Richard Walker come CTO, mantenendo una presenza attiva nei principali eventi del settore, tra cui l'UN COP29.
Zefiro Methane Corp informó logros significativos en 2024, incluyendo ingresos consolidados de USD $32.8 millones y un EBITDA ajustado positivo que se duplicó con respecto al trimestre anterior. La compañía completó su IPO en Cboe Canada y aseguró listados en la Bolsa de Frankfurt y OTCQB (ZEFIF).
Los desarrollos clave incluyen la expansión de las operaciones de sellado de pozos en Virginia Occidental, Pennsylvania, Oklahoma y Ohio, un acuerdo de preventa de compensación de metano con EDF Trading, y la adquisición de Plants & Goodwin. La empresa fortaleció su equipo de liderazgo con Mohit Gupta como CFO y Richard Walker como CTO, mientras mantenía una presencia activa en los principales eventos de la industria, incluido el UN COP29.
제피로 메탄 주식회사는 2024년 중 중요한 성과를 보고했으며, 여기에는 3천280만 달러의 매출과 이전 분기에서 두 배로 증가한 긍정적인 조정 EBITDA가 포함됩니다. 회사는 Cboe 캐나다에서 상장을 완료했으며, 프랑크푸르트 증권 거래소와 OTCQB (ZEFIF)에도 상장되었습니다.
주요 발전 사항으로는 웨스트버지니아, 펜실베이니아, 오클라호마 및 오하이오의 우물 막기 작업 확대, EDF Trading과의 메탄 삭감 선판매 계약, Plants & Goodwin의 인수가 있습니다. 회사는 Mohit Gupta를 CFO로, Richard Walker를 CTO로 임명하여 경영진을 강화했으며, UN COP29를 포함한 주요 산업 행사에서도 활발한 활동을 유지하고 있습니다.
Zefiro Methane Corp a rapporté des réalisations significatives en 2024, y compris des revenus consolidés de 32,8 millions USD et un EBITDA ajusté positif qui a doublé par rapport au trimestre précédent. L'entreprise a complété son introduction en bourse sur Cboe Canada et a sécurisé des côtés sur la Bourse de Francfort et OTCQB (ZEFIF).
Parmi les principales avancées, on trouve l'expansion des opérations de colmatage de puits en Virginie-Occidentale, en Pennsylvanie, en Oklahoma et dans l'Ohio, un accord de pré-vente d'atténuation de méthane avec EDF Trading, ainsi que l'acquisition de Plants & Goodwin. L'entreprise a renforcé son équipe dirigeante avec Mohit Gupta en tant que CFO et Richard Walker en tant que CTO, tout en maintenant une présence active lors des principaux événements de l'industrie, y compris l'UN COP29.
Zefiro Methane Corp berichtete 2024 über bedeutende Erfolge, darunter konsolidierte Einnahmen von 32,8 Millionen USD sowie ein positives, bereinigtes EBITDA, das sich im Vergleich zum Vorquartal verdoppelt hat. Das Unternehmen hat seinen Börsengang an der Cboe Kanada abgeschlossen und Notierungen an der Frankfurter Börse sowie OTCQB (ZEFIF) gesichert.
Zu den wichtigen Entwicklungen gehören die Expansion der Brunnenverschlusspolitik in West Virginia, Pennsylvania, Oklahoma und Ohio, eine Vorverkaufsvereinbarung zur Minderung von Methan mit EDF Trading sowie die Übernahme von Plants & Goodwin. Das Unternehmen hat sein Führungsteam mit Mohit Gupta als CFO und Richard Walker als CTO verstärkt und gleichzeitig eine aktive Präsenz bei wichtigen Branchenevents, einschließlich der UN COP29, aufrechterhalten.
- Achieved USD $32.8 million in consolidated revenues
- Doubled adjusted EBITDA compared to previous quarter
- Completed IPO and secured multiple exchange listings
- Expanded operations across multiple US states
- Secured presale agreement with EDF Trading
- Strategic acquisition of Plants & Goodwin
- None.
The Company achieved numerous commercial milestones in 2024, including increased profitability, launching an initial public offering, moving into new marketplaces, securing key strategic acquisitions and partnerships, and finalizing landmark carbon offset presales
FORT LAUDERDALE, Fla., Dec. 19, 2024 (GLOBE NEWSWIRE) -- ZEFIRO METHANE CORP. (Cboe Canada: ZEFI) (Frankfurt: Y6B) (OTCQB: ZEFIF) (the “Company”, “Zefiro”, or “ZEFI”), an environmental services company specializing in methane abatement operations, took numerous steps in 2024 to accelerate the Company’s profitability and commercial momentum. Specifically, Zefiro’s success over the past twelve months can be attributed to its execution of the Company’s strategy to expand its commercial footprint in critical marketplaces across North America and generate industry-leading, American Carbon Registry-approved carbon credits via an expanding, nationwide orphaned oil and gas well plugging operation.
By actively advancing numerous strategic initiatives and bolstering its internal infrastructure throughout 2024, Zefiro is poised to remain at the forefront of the environmental services industry and reach yet another slate of notable accomplishments in the year ahead.
The Company’s 2024 highlights include:
- Recording consolidated revenues of USD
$32.8 million and a positive adjusted EBITDA (that was doubled over the previous quarter) on the Company’s 2024 year-end earnings report; - Facilitating an Initial Public Offering (IPO) on the Cboe Canada, Inc. stock exchange, with a subsequent listing on the Frankfurt Stock Exchange. Zefiro's common shares are also now quoted on the OTCQB in the U.S. under the symbol ZEFIF;
- Expanding the Company’s well plugging operations across the nation, including projects in West Virginia, Pennsylvania, Oklahoma, and Ohio;
- Entering into a landmark methane abatement offset market-setting presale agreement with EDF Trading, adding to Zefiro's pipeline of carbon offset pre-sales with the first delivery of offset products set to take place in the new year;
- Finalizing a number of strategic acquisitions and corporate partnerships, including the whole-sale acquisition of Plants & Goodwin, a Pennsylvania-based oil and gas well plugging operation;
- Bolstering the Company’s senior leadership team by appointing longtime Wells Fargo executive Mohit Gupta as the Chief Financial Officer and Bain & Company alumnus Richard Walker to serve as Chief Technology Officer; and
- Featuring at numerous leading industry conferences and events, including UN COP29, NYC Climate Week, Wall Street Green Summit, Argus Europe Climate Conference, and more.
Crew members contracted by Zefiro subsidiary Plants & Goodwin on-site at an Ohio-based well plugging operation in November 2024.
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Zefiro Founder and Chief Executive Officer Talal Debs commented, “From our plugging crews completing projects across the country to our expert team of carbon market specialists connecting with customers throughout the world, we have strived to invest in the resources needed to position each of our dedicated team members for success. The string of new milestones that we have been able to achieve over the past twelve months is directly linked to our senior management team’s commitment to that process, and I am incredibly proud that the progress that our team has earned in 2024 will guide our positive commercial momentum well into the future.”
Zefiro Chief Financial Officer Mohit Gupta commented, “2024 has been a transformative year for Zefiro, and our ability to garner sustainable, increasing returns for our investors is a direct result of the unwavering dedication and expertise of our entire team. Through consistent execution of our comprehensive, client service-oriented strategy, we have established our position as a market leader, forged a consistent pipeline of project opportunities, and helped more communities safeguard public health.”
About Zefiro Methane Corp.
Zefiro is an environmental services company, specializing in methane abatement. Zefiro strives to be a key commercial force towards Active Sustainability. Leveraging decades of operational expertise, Zefiro is building a new toolkit to clean up air, land, and water sources directly impacted by methane leaks. The Company has built a fully integrated ground operation driven by an innovative monetization solution for the emerging methane abatement marketplace. As an originator of high-quality U.S.-based methane offsets, Zefiro aims to generate long-term economic, environmental, and social returns.
On behalf of the Board of Directors of the Company,
ZEFIRO METHANE CORP.
“Talal Debs”
Talal Debs, Founder & CEO
For further information, please contact:
Zefiro Investor Relations
1 (800) 274-ZEFI (274-9334)
investor@zefiromethane.com
For media inquiries, please contact:
Rich Myers - Profile Advisors (New York)
media@zefiromethane.com
+1 (347) 774-1125
Forward-Looking Statements
This news release contains “forward-looking information” within the meaning of applicable Canadian securities legislation. Forward-looking information is often, but not always, identified by the use of words such as “seeks”, “believes”, “plans”, “expects”, “intends”, “estimates”, “anticipates” and statements that an event or result “may”, “will”, “should”, “could” or “might” occur or be achieved and other similar expressions. In particular, this news release contains forward-looking information including statements regarding: the Company’s intention to reduce emissions from end-of-life oil and gas wells and eliminate methane gas; the Company’s partnerships with industry operators, state agencies, and federal governments; the Company’s expectations for continued increases in revenues and EBITDA growth as a result of these partnerships; the Company’s intentions to build out its presence in the United States; the anticipated federal funding for orphaned well site plugging, remediation and restoring activities; the Company’s expectations to become a growing environmental services company; the Company’s ability to provide institutional and retail investors alike with the opportunity to join the Active Sustainability movement; the Company’s ability to generate long-term economic, environmental, and social returns; and other statements regarding the Company’s business and the industry in which the Company operates. The forward-looking information reflects management’s current expectations based on information currently available and are subject to a number of risks and uncertainties that may cause outcomes to differ materially from those discussed in the forward-looking information. Although the Company believes that the assumptions and factors used in preparing the forward-looking information are reasonable, undue reliance should not be placed on such information and no assurance can be given that such events will occur in the disclosed timeframes or at all. Factors that could cause actual results or events to differ materially from current expectations include, but are not limited to: (i) adverse general market and economic conditions; (ii) changes to and price and volume volatility in the carbon market; (iii) changes to the regulatory landscape and global policies applicable to the Company's business; (iv) failure to obtain all necessary regulatory approvals; and (v) other risk factors set forth in its Prospectus dated April 8, 2024 under the heading “Risk Factors”. The Company operates in a rapidly evolving environment where technologies are in the early stage of adoption. New risk factors emerge from time to time, and it is impossible for the Company’s management to predict all risk factors, nor can the Company assess the impact of all factors on Company’s business or the extent to which any factor, or combination of factors, may cause actual results to differ from those contained in any forward-looking information. Forward-looking information in this news release is based on the opinions and assumptions of management considered reasonable as of the date hereof, including, but not limited to, the assumption that general business and economic conditions will not change in a materially adverse manner. Although the Company believes that the assumptions and factors used in preparing the forward-looking information in this news release are reasonable, undue reliance should not be placed on such information. The forward-looking information included in this news release is made as of the date of this news release and the Company expressly disclaims any intention or obligation to update or revise any forward-looking information whether as a result of new information, future events or otherwise, except as required by applicable law.
Statement Regarding Third-Party Investor Relations Firms
Disclosures relating to investor relations firms retained by Zefiro Methane Corp. can be found under the Company's profile on SEDAR+ at www.sedarplus.ca/.
A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/6a438934-f40c-440b-b8a7-af17ae78c414
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