shares of origin materials tumbled to an alltime low thursday after the company delayed its origin 2 project and raised its budget the stock was recently down 67 to 145 after sliding to 124 shares have fallen 70 this year the west sacramento califbased sustainable materials company on wednesday pushed back the timeline and raised the budget for its origin 2 project which involves the production of certain liquid biofuels the company expects the project to be completed in two phases with the first phase completed in late 2026 or 2027 and the second finished in 2028 origin previously anticipated the projects completion in mid2025 origin materials said the capital budget for the first phase would be 400 million with 12 billion allocated for the second phase the company initially planned for a total capital budget of 107 billion the company updated its plans for origin 2 along with secondquarter results origin materials reported a loss of 646 million or 5 cents a share compared with a profit of 469 million or 33 cents a share a year earlier analysts polled by factset expected a pershare loss of 12 cents the company reported revenue of 69 million after reporting no revenue in the yearago quarter