XCF Global has reported more than $10 million in August revenue from the shipment of 1.3 million gallons of renewable diesel from its New Rise Renewables Reno facility in Nevada, marking the first full month of completed commercial fuel sales following the plant’s restart in July.
The Nasdaq-listed company said the August revenue comprised proceeds from renewable diesel sales as well as related incentives and renewable attributes. The result marks a further step in the facility’s transition from restart and commissioning activities to commercial-scale renewable fuel production.
XCF said it is now focused on increasing production and sales volumes as operations at New Rise Reno are scaled. The company is targeting an increase from approximately 50,000 gallons per day to more than 70,000 gallons per day, before ultimately reaching its stated nameplate capacity.
New Rise Reno moves into commercial sales
New Rise Renewables Reno restarted production in July 2026, initially producing renewable diesel as XCF worked through its restart and operating optimisation programme. The company subsequently began fulfilling customer orders in early August.
In a September 1 operational update, XCF reported that the facility had produced more than 886,400 gallons of renewable diesel and was fulfilling orders at approximately 55,000 gallons per day. The company also reported monetising an initial 550,000 D4 Renewable Identification Numbers (RINs) for approximately $1.25 million.
The latest August revenue figure therefore provides the first full-month measure of completed commercial customer sales following the restart.
XCF CEO Chris Cooper said the August results demonstrated the company’s progress in restarting the Reno operation and moving towards higher production and sales volumes.
Facility has up to 38 million gallons of permitted annual capacity
New Rise Reno has a permitted nameplate production capacity of up to 38 million gallons per year, according to XCF and its regulatory filings.
The company’s latest announcement refers to a longer-term production objective of more than 100,000 gallons per day. However, this should be distinguished from the facility’s currently stated permitted annual capacity and from actual August production.
XCF’s regulatory filings indicate that the facility’s operations have previously included sustainable aviation fuel and renewable naphtha production. The company converted the Reno facility towards SAF production in 2024, with initial SAF and renewable naphtha production beginning in February 2025.
The current restart has initially centred on renewable diesel production.
Renewable diesel provides immediate commercial revenue stream
The Reno facility’s current commercial activity gives XCF two potential revenue components associated with renewable diesel production: physical fuel sales and environmental attributes generated under the US Renewable Fuel Standard.
Earlier in September, XCF disclosed that production had generated more than 1.5 million D4 RINs, with 550,000 RINs monetised at $2.27 each in its first reported transaction.
The August revenue announcement incorporates product sales, related incentives and renewable attributes, meaning the reported more than $10 million should not be interpreted solely as the realised selling price of 1.3 million gallons of renewable diesel.
The company has also reported commercial sales to Tartan Oil from the Reno facility, with deliveries expected to increase as production progresses towards the facility’s nameplate capacity.
XCF targets higher production and future SAF output
XCF’s current strategy involves progressively increasing throughput at New Rise Reno while preparing the facility for its planned transition back towards SAF-related production.
In its September operational update, the company said production of synthetic blending component (SBC) for use in SAF was targeted to begin in the fourth quarter of 2026, subject to operating, regulatory, market and customer considerations.
That pathway gives the Reno facility the potential to serve more than one renewable-fuel market, although the immediate commercial activity reported by XCF is centred on renewable diesel.
The company has also identified potential expansion opportunities in Nevada, North Carolina and Florida. These remain subject to feasibility assessments, financing, regulatory approvals and market conditions, according to XCF.
Commercial ramp-up remains the key operational test
The latest revenue announcement demonstrates that New Rise Reno has moved into completed commercial sales, but the next stage will depend on whether the facility can maintain production while increasing throughput.
XCF’s stated progression from approximately 50,000 gallons per day to more than 70,000 gallons per day and eventually to higher nameplate utilisation represents a forward-looking company objective rather than achieved August production.
The company’s earlier disclosures also indicate that the facility has undergone upgrade and restart work intended to improve operating reliability and efficiency.
For the renewable fuels producer, sustained production, customer deliveries, fuel quality, RIN monetisation and reliable plant operations will therefore be important factors in converting the initial commercial milestone into recurring revenue.
Bioenergy Business Analysis
XCF’s August results are significant primarily because they provide a full month of commercial sales following the Reno facility’s restart, rather than simply another commissioning or production milestone. The reported 1.3 million gallons shipped and more than $10 million in revenue indicate that the facility has entered a revenue-generating phase with customers purchasing renewable diesel.
The next question is operational consistency. XCF is targeting substantially higher daily production, while the facility has a permitted annual capacity of up to 38 million gallons. The gap between current output, targeted throughput and permitted capacity means future results will depend on the company’s ability to sustain operations and progressively increase utilisation rather than on nameplate capacity alone.
The revenue model is also broader than physical fuel sales because renewable attributes such as D4 RINs can generate additional value. At the same time, the reported August revenue includes product sales, incentives and renewable attributes, so it does not provide a standalone realised price for the renewable diesel shipped.
The planned return to SAF-related production later in 2026 could further diversify the Reno facility’s product mix. For now, however, renewable diesel remains the clearest evidence of XCF’s transition into commercial operations.
