Canada's EverGen Infrastructure Q1 revenue rises on higher tipping volumes

EverGen Infrastructure

28/05/2026 23:07

Overview
Canada RNG infrastructure firm's Q1 revenue rose 38% yr/yr on higher tipping and RNG output
Q1 net loss narrowed 42% yr/yr as revenue rose and operating costs fell
Company closed C$13 mln credit facility and paid down C$12 mln in corporate debt

Outlook
Company says regulatory milestones and project advancements support scaling RNG production

Result Drivers
HIGHER TIPPING VOLUMES- Co said revenue growth was primarily due to higher tipping revenues from increased volumes at organic waste and composting facilities
INCREASED RNG PRODUCTION - RNG output rose 23% yr/yr, driven by continued stabilization and optimization at FVB and GrowTEC facilities
LOWER OPERATING COSTS - Net loss narrowed partly due to lower direct operating costs, offset by higher finance costs

Company press release: ID:nBw2PnFnDa

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q1 EPS
 
-C$0.03
 

Analyst Coverage
The current average analyst rating on the shares is "strong buy" and the breakdown of recommendations is 2 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"
The average consensus recommendation for the renewable fuels peer group is "buy."
Wall Street's median 12-month price target for EverGen Infrastructure Corp is C$1.00, about 156.4% above its May 28 closing price of C$0.39

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(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.)