Canada's Anaergia Q2 adjusted core profit misses estimates

Anaergia

10/08/2026 22:57

Overview
Canada waste-to-value solutions provider's Q2 revenue nearly doubled yr/yr, driven by capital project execution
Q2 adjusted EBITDA remained positive but missed analyst expectations
Revenue backlog expanded to C$274.9 mln after new contract wins in Europe and North America

Outlook
Anaergia says revenue backlog reached C$274.9 mln, providing visibility into future contracted revenue
Company sees growth opportunities in renewable natural gas and resource recovery markets
Anaergia remains focused on operational discipline and balance sheet strength while executing its strategy

Result Drivers
CAPITAL PROJECT EXECUTION - Co said revenue growth was primarily driven by higher capital sales project execution activity in Italy, other European countries, and North America
NEW CONTRACT WINS - Co secured approximately C$66 mln of new contracts in Europe and North America, supporting expansion of revenue backlog
GROSS PROFIT GROWTH - Gross profit rose mainly due to increased gross profit in the Capital Sales segment

Company press release: ID:nBw7hS2Zta

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Net Loss
 
C$2.08 mln
 
Q2 Adjusted EBITDA
Miss
C$1.92 mln
C$2.97 mln (3 Analysts)

Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 5 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"
The average consensus recommendation for the environmental services & equipment peer group is "buy"
Wall Street's median 12-month price target for Anaergia Inc is C$5.06, about 102.3% above its August 7 closing price of C$2.50
The stock recently traded at 39 times the next 12-month earnings vs. a P/E of 79 three months ago

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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.)