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Aemetis Q4 2024 Earnings Report
Aemetis reported its financial results for the fourth quarter and year ending December 31, 2024.
Key Takeaways
Aemetis reported a decrease in revenues for Q4 2024 compared to Q4 2023, primarily due to a gap in OMC tender offers in the India Biodiesel segment, leading to a gross loss and increased operating loss.
Revenues for Q4 2024 were $47.0 million, a decrease from $70.8 million in Q4 2023.
The company reported a gross loss of $2.0 million in Q4 2024, compared to a gross profit of $864 thousand in Q4 2023.
Operating loss increased to $13.5 million in Q4 2024 from $9.0 million in Q4 2023.
Net loss for Q4 2024 was $16.2 million, an improvement from a net loss of $25.4 million in Q4 2023, primarily due to an income tax benefit from tax credit sales.
Aemetis
Aemetis
Aemetis Revenue by Segment
Aemetis Revenue by Geographic Location
Revenue by Segment
California Ethanol Revenue
CapyFin.comIndia Biodiesel Revenue
CapyFin.comCalifornia Renewable Natural Gas Revenue
CapyFin.comRevenue by Geographic Location
United States Revenue
CapyFin.comIndia Revenue
CapyFin.com Forward Guidance
Aemetis is focused on completing low carbon initiatives in 2025, expanding domestic lower-cost energy, and leveraging policy support for growth plans.
Positive Outlook
- Expects to complete low carbon initiatives in 2025, including carbon intensity reduction and biogas production capacity expansion.
- Began generating valuable 45Z tax credits in January 2025.
- E15 ethanol blends have been approved by the EPA for eight states, with approval for 49 states expected by the end of 2025.
- Expanding domestic, lower cost energy that provides revenues to farmers and strengthens rural areas is a core mission.
- Pleased to see policy support from the White House and Congress for growth plans.
Challenges Ahead
- Future market conditions and prices for inputs versus products could impact financial results.
- Ability to fund, develop, build, maintain, and operate digesters, facilities, and pipelines for Dairy Renewable Natural Gas segment is subject to risks.
- Ability to fund, develop, and operate Sustainable Aviation Fuel, Renewable Diesel, and Carbon Capture and Sequestration projects, including obtaining required permits, is not guaranteed.
- Receiving awarded grants is contingent on meeting all required conditions, including minimum contributions.
- Competition in the ethanol, biodiesel, and other industries, commodity market risks, and financial market risks could negatively impact results.
Revenue & Expenses
Visualization of income flow from segment revenue to net income