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Aemetis Q3 revenue beats estimates on RNG volume growth

By Reuters News


Overview

  • US renewable fuels producer's Q3 revenue rose 49% yr/yr, beating analyst expectations

  • Net income for Q3 turned positive, beating analyst estimates

  • Company results boosted by Section 45Z tax credits and higher ethanol and RNG volumes


Outlook

  • Company expects growth from expanded dairy digesters and ethanol plant upgrades

  • Company sees recurring revenue from higher Section 45Z credits for dairy RNG

  • Company aims to improve cash flow with ethanol plant efficiency projects


Result Drivers

  • TAX CREDIT IMPACT - Section 45Z production tax credits, including a true-up from model update, contributed $24.7 mln to Q3 revenue

  • RNG VOLUME GROWTH - Dairy RNG sales volume rose 39% yr/yr to 158,200 MMBtu

  • ETHANOL PRICE AND VOLUME - Ethanol sales volume increased 6% and average price rose 10% yr/yr


Company press release:


Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

Q3 Revenue

Beat

$88.15 mln

$75.20 mln (5 Analysts)

Q3 Net Income

$5.21 mln

Q3 Operating Income

$20.85 mln

Q3 Pretax Profit

$5.21 mln

Q3 Gross Profit

$29.47 mln


Analyst Coverage

  • The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"

  • The average consensus recommendation for the renewable fuels peer group is "buy"

  • Wall Street's median 12-month price target for Aemetis Inc is $11.50, about 820% above its November 4 closing price of $1.25


Reuters Recommended Reads

  • Nov 4 - Alto Ingredients Q3 sales and adjusted EBITDA beat estimates on section 45Z tax credit growth

  • Nov 4 - CHS FY26 profit nearly doubles on stronger refining margins, oilseed crush and ethanol gains

  • Nov 4 - India puts food before fuel as El Niño dents ethanol ambitions


For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.


(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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