Anaergia sells Riverside facility amid strategic pivot

Core Insights - Anaergia is shifting towards a capital-light approach, moving away from owning assets due to policy challenges in California [3][7] - The company has secured significant contracts, including a 20-year offtake agreement with Southwest Gas for its Victor Valley facility [4] - Anaergia's revenue backlog has increased from $104 million at the beginning of the year to $244 million by the end of Q2 2025, indicating strong growth potential [6] Financial Performance - For Q2 2025, Anaergia reported revenue of $32.3 million, reflecting a year-over-year increase of 36.9% [6] - The net loss for the same period was $9.5 million, which is an improvement of 29.1% year over year [6] - The company has announced $43.8 million in new contracts since the end of Q2, which is expected to further enhance revenue [6] Project Developments - Anaergia has reached a $13.3 million agreement with the city of Riverside to supply equipment for a codigestion facility [5] - The company plans to build an organic waste-to-renewable-natural-gas codigestion facility at the Riverside Water Quality Control Plant, with EPC activities expected to start next year and continue through 2027 [7] - The company continues to operate the SoCal Biomethane plant and has agreements to enhance existing facilities [4][6]