SAFX
Live News • May 06
XCF Global Sets 2027 Revenue and Renewable Fuel Targets With Reno Restart and Twain Agreement XCF Global set 2027 targets of $110–120m in net revenue and 40–43m gallons of renewable fuel production from its New Rise Reno facility, with an operational restart planned for June 2026.
The company entered into a business combination agreement with Southern Energy Renewables and DevvStream and filed its first Annual Report on Form 10-K.
XCF Global agreed a forbearance deal with Twain that runs through January 1, 2027, issuing 4,000,000 shares whose resale proceeds will offset obligations related to the Reno project.
For you as an investor, the update ties together growth ambitions and balance sheet management. The 2027 targets and restart timeline for New Rise Reno give a sense of the operational scale XCF is aiming for, while the offtake term sheet with BGN and the combination with Southern Energy Renewables and DevvStream point to efforts to build out both volume and market access for renewable fuels.
The forbearance agreement with Twain is aimed at giving the Reno project breathing room by addressing principal, interest and penalties through equity rather than immediate cash outflows. That introduces dilution risk, but it also outlines a path to align project financing with the planned ramp-up of production. Investors may want to track progress against the June 2026 restart, any updates to the 2027 targets, and how quickly the Twain-related shares are resold and applied to the outstanding obligations. Announcement • Feb 07
XCF Global, Inc. Announces Termination of Gregory Surette as Chief Strategy Officer On February 2, 2026, XCF Global, Inc. terminated the employment of Gregory Surette as Chief Strategy Officer. Mr. Surette's departure from the position of Chief Strategy Officer was not due to any disagreement with the company on any matter relating to the company's operations, policies, or practices. Announcement • Jan 15
XCF Global, Inc. Announces CFO Changes XCF Global, Inc. announced the appointment of William Dale as Chief Financial Officer and the transition of Simon Oxley to consultant as part of the Company's continued focus on execution of its strategic objectives. Mr. Dale brings more than 25 years of experience across capital management, finance, and operations in the energy and infrastructure sectors. William Dale brings more than 25 years of experience in operational finance, capital formation, public company accounting and reporting, and financial management leadership across the energy and infrastructure sectors. Most recently, Mr. Dale served as Chief Financial Officer of Newbridge Resources Group LLC, where he built out the corporate finance organization, supported operational initiatives, and oversaw financial planning, treasury, audits, and SEC reporting. Previously, he served as Interim Chief Financial Officer of Tally Energy Services LLC, leading the consolidation of multiple legal entities, enterprise system implementations, external audits, financial reporting, FP&A, and financing relationships. Prior to Tally Energy, Mr. Dale served as Chief Financial Officer and Operations Co-Lead at Aqua Terra Water Management LP, where he led a comprehensive review of operations and back-office functions, organized new capital formation and implemented working capital and cash forecasting frameworks. Mr. Dale is a licensed Texas Certified Public Accountant and holds a Master of Business Administration and a Master of Petroleum Engineering from the University of Houston, along with bachelor's degrees in Accounting and Finance. 
