From GlobeNewswire: 2024-05-16 09:00:00

ZEFIRO METHANE CORP. reported record consolidated revenues of $8.5 million USD for the fiscal quarter ending March 31, 2024, with a gross profit of $2.7 million USD. The Company also achieved adjusted EBITDA of $407,000 USD. ZEFI listed two methane abatement projects with the ACRcarbon registry and discussed key points in a video featuring CEO Talal Debs.

In the first quarter of 2024, ZEFI completed the acquisition of Appalachian Well Surveys, expanding its asset retirement services. The Company also finished an environmental remediation project at Cuyahoga Valley National Park and co-hosted the Wall Street Green Summit in New York City. ZEFI’s shares started trading on the Frankfurt Stock Exchange on May 2, 2024.

ZEFI announced the opening of a new operations facility in Buckhannon, West Virginia on May 7, 2024, to expand abandoned oil and gas well plugging operations. The facility aims to efficiently deploy portions of the $29.2 million USD Bipartisan Infrastructure Law funds in West Virginia, where there are over 6,300 orphaned oil and gas wells. The Company’s financial highlights for the first quarter of 2024 include revenues of $8,539,165 and a gross profit of $2,657,229.



Read more at GlobeNewswire:: Zefiro Methane Corp. Announces Quarterly Earnings Report