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Mar 31, 2022
Aemetis Q1 2022 Earnings Report
Revenue increased due to expanded demand for liquid transportation fuels raising the average ethanol price.
Key Takeaways
Aemetis reported a 22% increase in revenue compared to Q1 2021, driven by higher ethanol prices. The company also made significant progress on its capital projects and secured substantial off-take agreements for sustainable aviation fuel and renewable diesel.
Revenues for the first quarter of 2022 increased 22% compared to Q1 2021.
Average ethanol price raised to $2.58 per gallon.
Investments in carbon reduction capital projects totaled $11.4 million.
Signed $3.5 billion of off-take agreements for SAF with major airlines and $3.2 billion of contracts for renewable diesel.
Aemetis
Aemetis
Forward Guidance
Aemetis is focused on executing its Five Year Plan to produce negative carbon intensity products and rapidly grow value for shareholders.
Positive Outlook
- Continuing construction of five of the next 15 dairy digesters.
- Completing construction of 20 miles of our 36-mile biogas pipeline.
- Completing testing of the biogas conditioning hub.
- Completing the utility gas pipeline interconnection unit.
- Closed two credit facilities, with an aggregate availability of up to $100 million.