Aemetis Q2 net loss narrows on higher ethanol sales, tax credits
AMTX•Outlook
- Aemetis expects to commission two additional dairy digesters in Q3 2026
- Company is pursuing financing initiatives, including potential long-term financing for Keyes ethanol plant and an IPO for its India subsidiary
- Company expects continued growth in biogas revenues as more LCFS pathways are approved
Result drivers
- Ethanol segment growth - Co said California Ethanol segment drove revenue growth, with higher sales volumes and prices, and lower delivered corn costs
- Dairy RNG production - Co said Dairy RNG segment sales volume grew 38% yr/yr, supported by new digesters and higher LCFS credit prices
- Production tax credits - Co recognized $8.6 mln in Section 45Z production tax credits as revenue, boosting results in California Ethanol and Dairy RNG segments
Quarterly overview
- US renewable fuels producer's Q2 revenue rose 20% yr/yr but missed analyst expectations
- Q2 operating income turned positive and beat analyst estimates
- Net loss for Q2 narrowed sharply, beating analyst expectations
