Loading...
•
Mar 31, 2024
Aemetis Q1 2024 Earnings Report
Aemetis reported financial results for Q1 2024, highlighting revenue growth and progress in renewable fuel projects.
Key Takeaways
Aemetis reported Q1 2024 revenues of $72.6 million, a significant increase from $2.2 million in Q1 2023. The company experienced a net loss of $24.2 million, improved from a net loss of $26.4 million in the same period last year. Key developments include the first sale of LCFS credits by the Dairy RNG business and the receipt of final air permits for the Riverbank Sustainable Aviation Fuel project.
Q1 2024 revenues reached $72.6 million, driven by strong performance across all operating segments.
The Dairy Renewable Natural Gas segment generated its first revenue from Low Carbon Fuel Standard (LCFS) credits.
The Riverbank Sustainable Aviation Fuel project received final Authority to Construct air permits.
Approval received for $200 million in new EB-5 funding to support dairy RNG, SAF, and CO2 sequestration businesses.
Revenue by Segment
Revenue by Geographic Location
Forward Guidance
Aemetis anticipates substantial additional revenues from LCFS provisional pathway approvals and federal Inflation Reduction Act Section 45Z production tax credits.
Positive Outlook
- Expected doubling of LCFS revenues upon receiving provisional pathway approvals.
- Anticipation of federal Inflation Reduction Act Section 45Z production tax credits starting in January 2025.
- Growth in revenue from operating businesses.
- Advancements in the Riverbank Sustainable Aviation Fuel project.
- Approval of new EB-5 funding to support key projects.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
Loading earnings performance data...
Loading earnings reaction data...