Core Insights - Aemetis, Inc. reported a strong third-quarter performance, driven by a robust Dairy RNG platform and favorable policy developments [1][3] - Revenue for Q3 2025 reached $59.2 million, an increase of $7 million from the previous quarter, supported by higher California ethanol pricing and India biodiesel sales [1][6] - The company is advancing its MVR project, which is expected to enhance long-term plant economics and generate significant annual cash flow [1][6] Revenue and Financial Performance - Total revenue was $59.2 million in Q3 2025, up $7 million from Q2 2025, bolstered by stronger California ethanol margins and $14.5 million from India biodiesel sales [1][6] - Dairy RNG operations generated approximately $4 million in revenue from 114,000 MMBtu produced by 12 operating digesters, with fully monetized CARB LCFS pathways [1][6] - Cash reserves increased to $5.6 million at the end of the quarter, as Aemetis progressed on a $30 million MVR project expected to add around $32 million in annual cash flow [1][6] Operational Developments - Aemetis signed equipment and installation contracts totaling $57 million year-to-date across its Dairy RNG and MVR projects [1][3] - The company anticipates its capacity to reach 550,000 MMBtus by year-end, with further growth expected to 1.0 million MMBtus by FY27 [1][3] - Monetization strategies for energy production now include the sale of RNG molecules, D3 RINs, and Section 45Z production tax credits, providing multiple avenues for recurring cash generation [1][3]
Stonegate Capital Partners Updates Coverage On Aemetis, Inc. (AMTX) Q3 2025