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Sep 30, 2024
Aemetis Q3 2024 Earnings Report
Reported revenues of $81 million, reflecting a 19% increase over the third quarter of 2023.
Key Takeaways
Aemetis reported revenues of $81.4 million for Q3 2024, a 19% increase compared to Q3 2023. The company experienced revenue growth across all three operating segments: California Ethanol, India Biodiesel, and Dairy Renewable Natural Gas.
Revenues for Q3 2024 were $81.4 million, up from $68.7 million in Q3 2023.
California Ethanol business generated $45.0 million in revenues.
India Biodiesel business generated $32.2 million in revenues.
Dairy Renewable Natural Gas business generated $4.2 million in revenues.
Aemetis
Aemetis
Forward Guidance
Aemetis anticipates substantial revenue growth from operating dairies and new dairies under construction upon receiving LCFS provisional pathway approvals and federal Inflation Reduction Act (IRA) 45Z production tax credits for RNG.
Positive Outlook
- Anticipate substantial revenue growth from operating dairies.
- New dairies under construction expected to contribute to revenue growth.
- LCFS provisional pathway approvals will boost revenue.
- Federal Inflation Reduction Act (IRA) 45Z production tax credits for RNG will increase revenue.
- Approval of 20 years of Low Carbon Fuel Standard mandates directly increases revenues and earnings from each of our U.S. businesses and projects in ethanol, biogas, SAF/RD and carbon sequestration.