Aemetis Q2 net loss narrows on higher ethanol sales, tax credits

Aemetis

06/08/2026 13:17

Overview
US renewable fuels producer's Q2 revenue rose 20% yr/yr but missed analyst expectations
Q2 operating income turned positive and beat analyst estimates
Net loss for Q2 narrowed sharply, beating analyst expectations

Outlook
Aemetis expects to commission two additional dairy digesters in Q3 2026
Company is pursuing financing initiatives, including potential long-term financing for Keyes ethanol plant and an IPO for its India subsidiary
Company expects continued growth in biogas revenues as more LCFS pathways are approved

Result Drivers
ETHANOL SEGMENT GROWTH - Co said California Ethanol segment drove revenue growth, with higher sales volumes and prices, and lower delivered corn costs
DAIRY RNG PRODUCTION - Co said Dairy RNG segment sales volume grew 38% yr/yr, supported by new digesters and higher LCFS credit prices
PRODUCTION TAX CREDITS - Co recognized $8.6 mln in Section 45Z production tax credits as revenue, boosting results in California Ethanol and Dairy RNG segments

Company press release: ID:nGNX721s5k

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
Miss
$62.70 mln
$69.50 mln (5 Analysts)
Q2 Net Loss
Beat
$9.37 mln
$17.86 mln (5 Analysts)
Q2 Operating Income
Beat
$5.77 mln
$412,000 (4 Analysts)
Q2 Pretax Loss
Beat
$9.37 mln
$17.44 mln (5 Analysts)
Q2 Gross Profit
 
$13.52 mln
 

Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the renewable fuels peer group is "hold."
Wall Street's median 12-month price target for Aemetis Inc is $22.00, about 1,319.4% above its August 5 closing price of $1.55

Reuters Recommended Reads
Aug 6 - Green Plains Q2 revenue misses estimates
Aug 5 - Alto Ingredients swings to Q2 profit on higher sales
Aug 5 - Montauk Renewables Q2 revenue beats estimates on higher RINs sales

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)