The company’s updated guidance marks a sharp departure from its earlier $3 billion revenue forecast. Financial strain is intensifying, with adjusted losses before interest, taxes, depreciation, and amortization now projected to hit $200 million, a stark increase from the previously anticipated $10 million shortfall.
Chief Executive Julian Nebreda attributed these setbacks to operational friction at the Houston site, noting that corrective measures are currently underway to boost daily output. Despite these adjustments, the news has drawn immediate scrutiny from market observers. Analysts at Truist Securities characterized the announcement as a significant blow to investor confidence, noting that the firm's history of execution has left little room for further operational errors.
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