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Sep 30, 2022
Aemetis Q3 2022 Earnings Report
Reported a net loss driven primarily from the one-time unitholder redemption charge and revenue increased.
Key Takeaways
Aemetis reported a 44% increase in revenue compared to Q3 2021. The company's EPS was $(0.46), excluding unitholder redemption charge related to Biogas Series A Preferred Unit Investor. The India biodiesel plant began shipments and generated $11 million of revenues.
Revenues for the third quarter of 2022 increased 44% to $71.8 million compared to $50 million during the third quarter of 2021.
Ethanol sales increased to 15.7 million gallons in the quarter.
India biodiesel plant began shipments to Indian oil marketing companies in mid-September and generated $11 million of revenues in about two weeks.
Capital investment in multiple projects that reduce carbon intensity were $13.7 million for the third quarter of 2022.