Ameresco Q1 adjusted core profit beats estimates

Ameresco

04/05/2026 21:19

Overview

U.S. energy infrastructure provider's Q1 revenue grew 14% yr/yr, driven by Projects and O&M

Q1 adjusted EBITDA beat analyst expectations, but adjusted EPS missed

Company announced $400 mln strategic investment by HASI in biogas business, forming Neogenyx Fuels JV

Outlook

Ameresco sees FY 2026 revenue between $2.0 bln and $2.2 bln

Company expects FY 2026 adjusted EBITDA of $250 mln to $270 mln

Ameresco expects Q2 adjusted EBITDA of $58 mln to $62 mln and non-GAAP EPS of $0.18 to $0.23

Result Drivers

PROJECTS & O&M GROWTH - Revenue growth was driven by strong performances in Projects (up 16%) and O&M (up 22%), with solid execution across federal and key geographies

ADVERSE WEATHER IMPACT - Gross margin was affected by adverse weather at certain RNG sites and project mix

INCREASED INTEREST & OTHER EXPENSES - Higher net interest and other expenses weighed on profitability, mainly due to non-cash mark-to-market adjustments and foreign exchange losses

Company press release: ID:nBw98RgXMa

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Adjusted EPS
Miss
-$0.33
-$0.30 (8 Analysts)
Q1 EPS
-$0.35
Q1 Net Income
-$18.3 mln
Q1 Adjusted EBITDA
Beat
$40.5 mln
$39.90 mln (10 Analysts)
Q1 Gross Margin
14.00%


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 8 "strong buy" or "buy", 4 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the renewable energy equipment & services peer group is "buy"

Wall Street's median 12-month price target for Ameresco Inc is $42.50, about 35.5% above its May 1 closing price of $31.36

The stock recently traded at 24 times the next 12-month earnings vs. a P/E of 27 three months ago

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.)