CUPERTINO, Calif., March 25, 2026 (GLOBE NEWSWIRE) -- Aemetis, Inc. (NASDAQ: AMTX), a diversified renewable natural gas and biofuels company, announced that its CEO, Eric McAfee, was awarded the 2026 William C. Holmberg Memorial Award for Lifetime Achievement in the Bioeconomy. McAfee received the award and delivered the Holmberg Memorial Address acceptance speech during a ceremony on March 19, 2026, at the annual Advanced Biofuels Leadership Conference in Washington D.C., hosted by Biofuels Digest, the mos ...

Katy, Texas, March 23, 2026 (GLOBE NEWSWIRE) -- CW Petroleum Corp (OTCQB: CWPE) (the “Company”), a leading provider of Specialty Renewable and Hydrocarbon Motor Fuels, today announces to its investors and future investors a shareholder update. Management Commentary: On March 4, 2026, the company submitted a Form 1-U for the Authorization of an increase in Authorized Shares. The Authorized Shares were raised to meet future investment criteria, comply with a major exchange's listing regulations, and satisfy t ...

Financial Performance - FutureFuel Corp. reported a net loss of $49.4 million or $1.13 per diluted share for the year ended December 31, 2025, compared to a net income of $15.5 million or $0.35 per diluted share in 2024 [7][10][40] - For the fourth quarter of 2025, revenues were $19.8 million, a decrease of 68% or $41.7 million compared to $61.5 million in the same quarter of 2024 [7][9][10] - Adjusted EBITDA for the year was ($38.3) million, down from $21.3 million in 2024, indicating significant operational challenges [7][10][36] Segment Performance - The Chemicals segment faced challenges with revenues dropping to $59.6 million in 2025 from $80.0 million in 2024, primarily due to reduced production volumes and high input costs [3][40] - The Biofuel segment's revenue fell to $36.2 million in 2025 from $163.3 million in 2024, largely impacted by the expiration of the blenders tax credit and uncertainty surrounding the clean fuel production credit [4][11][40] Operational Developments - FutureFuel completed the construction of a new methacrylate plant, which is expected to contribute significantly to revenue starting in 2026 [3][4] - The company has resumed raw material procurement and initiated a gradual restart of biodiesel production following regulatory clarity provided by the final 45Z guidance [4][5] Cash and Capital Expenditures - Cash and cash equivalents decreased to $51.3 million as of December 31, 2025, from $109.5 million in 2024, primarily due to the expiration of the blenders tax credit [17][28] - Capital expenditures increased to $17.2 million in 2025 from $14.7 million in 2024, driven by investments in plant production reliability and efficiency [16][17] Future Outlook - The company is optimistic about the Biodiesel segment in 2026, anticipating improved regulatory clarity and higher utilization of the new methacrylate unit [5][6] - FutureFuel plans to focus on operational turnarounds and enhancing plant reliability to navigate the challenging market conditions [2][5]

Financial Data and Key Metrics Changes - For Q4 2025, revenue plus tax credits totaled $53.7 million, up from $47 million in Q4 2024, with gross profit improving to $7.7 million from a gross loss of $2 million [2][3] - The net loss for Q4 2025 improved to $5.3 million compared to $16.2 million in the previous year [3] - For the full year 2025, revenue plus tax credits totaled $208 million, down from $268 million in 2024, while the net loss improved to $77 million from $87.5 million [3] Business Line Data and Key Metrics Changes - The dairy renewable natural gas (RNG) platform achieved positive segment net income and EBITDA, with production increasing by 61% year-over-year in Q4 2025, generating net income of $12.2 million [4] - The Keyes ethanol plant generated $158 million in revenue during 2025, with an annual production capacity of approximately 65 million gallons [6] - The biodiesel facility in India generated $29.7 million in revenue during 2025, with significant capacity to meet government biodiesel blending goals [7] Market Data and Key Metrics Changes - The price of low carbon fuel standard (LCFS) credits increased by 60% over the past nine months, contributing to revenue and cash flow growth [5] - The dairy RNG business produced approximately 405,000 MMBtus of renewable natural gas and expanded to 12 operating digesters [5] Company Strategy and Development Direction - The company aims to scale production and monetize environmental credit values associated with its renewable fuels platform, with a focus on completing the India IPO and long-term refinancing of existing debt [8] - Key policy developments include the finalization of the 45Z emissions rate calculation and further strengthening of LCFS markets, which are expected to support long-term growth in low carbon fuels [8] Management's Comments on Operating Environment and Future Outlook - Management expects strong annual growth in cash flow and profitability from the biogas segment over the next four years as 45Z is implemented [4] - The company anticipates RNG production growth in 2026 as additional dairy digesters come online [6] - Management expressed confidence in exceeding 2025 cash flow performance, driven by rising LCFS credit prices and the monetization of the 45Z production tax credit [24][25] Other Important Information - The company is expanding its India business into biogas production and sustainable aviation fuel, with plans for an IPO of the India subsidiary [7][30] - The company is positioned to benefit from the removal of the indirect land use change penalty, which is expected to enhance cash flow from ethanol production [13][40] Q&A Session Summary Question: Expectations for capital investment for 2026 between RNG and ethanol business - Management indicated total investment for the MVR system will be roughly $40 million, with additional investments for digesters totaling about $70 million [10] Question: EBITDA generation for ethanol asset in 2026 - Management described ethanol as a story of two worlds, with significant cash flow expected post-MVR implementation [12][14] Question: Contribution post-MVR and monetization timeline - Management expects contributions to begin in Q3 2026, with monetization occurring without long delays [20][21] Question: India operations and market stability - Management noted that the biodiesel market in India is expected to grow significantly, similar to the ethanol market's past growth [28] Question: Expansion plans for the Keyes plant - Management indicated that while expansion is a future goal, the current focus is on optimizing existing operations [36] Question: Implementation of tailwinds from the Inflation Reduction Bill Act - Management discussed the ongoing implementation phase and the expected release of the GREET model for accurate revenue calculations [40][42] Question: Expansion opportunities in India and potential for a second plant - Management confirmed plans for multiple plants in India, focusing on biogas and sustainable aviation fuel [45]

Financial Data and Key Metrics Changes - For Q4 2025, revenue plus tax credits totaled $53.7 million, up from $47 million in Q4 2024, with gross profit improving to $7.7 million compared to a gross loss of $2 million in the prior year [2][3] - The net loss for Q4 2025 improved to $5.3 million from $16.2 million last year [3] - For the full year 2025, revenue plus tax credits totaled $208 million, down from $268 million in 2024, while the net loss improved to $77 million from $87.5 million in the prior year [3] Business Line Data and Key Metrics Changes - The dairy renewable natural gas (RNG) platform achieved positive segment net income and EBITDA, with production increasing by 61% year-over-year in Q4 2025, generating net income of $12.2 million [4] - The Keyes ethanol plant generated $158 million in revenue during 2025, with an annual production capacity of approximately 65 million gallons [6] - The biodiesel facility in India generated $29.7 million in revenue during 2025, with significant capacity to meet government biodiesel blending goals [7] Market Data and Key Metrics Changes - The price of low carbon fuel standard (LCFS) credits increased by 60% over the past nine months, contributing to revenue and cash flow growth [5] - The dairy RNG business produced approximately 405,000 MMBtus of renewable natural gas and expanded to 12 operating digesters [5] Company Strategy and Development Direction - The company aims to scale production and monetize environmental credit values associated with its renewable fuels platform, with a focus on completing the India IPO and long-term refinancing of existing debt [8] - Key policy developments include the finalization of the 45Z emissions rate calculation and further strengthening of LCFS markets, which are expected to support long-term growth in low carbon fuels [8] Management's Comments on Operating Environment and Future Outlook - Management expects strong annual growth in cash flow and profitability from the biogas segment over the next four years as 45Z is implemented [4] - The company anticipates RNG production to grow in 2026 as additional dairy digesters come online [6] - Management expressed confidence in exceeding 2025 cash flow levels, driven by rising LCFS credit prices and the monetization of the 45Z production tax credit [24] Other Important Information - The mechanical vapor recompression (MVR) upgrade at the Keyes ethanol plant is expected to increase cash flow by approximately $32 million per year when completed in 2026 [4][6] - The company is expanding its India business into biogas production and sustainable aviation fuel [7][30] Q&A Session Summary Question: Expectations for capital investment for 2026 between RNG and ethanol business - Management indicated total investment for the MVR system will be roughly $40 million, with additional investments for digesters totaling about $70 million [10] Question: EBITDA generation for the ethanol asset in 2026 - Management described ethanol as a story of two worlds, with significant cash flow expected post-MVR implementation [12][14] Question: Contribution post-MVR and monetization timeline - Management expects contributions to begin in Q3 2026, with full impact in Q4 [20] Question: Start-stop situation in India operations - Management noted that the biodiesel market in India is expected to grow significantly, similar to the ethanol market [28] Question: Expansion opportunities in India and potential for a second plant - Management confirmed plans for multiple plants near feedstock sources and diversification into biogas and sustainable aviation fuel [45]

Financial Data and Key Metrics Changes - For Q4 2025, revenue plus tax credits totaled $53.7 million, up from $47 million in Q4 2024, with gross profit improving to $7.7 million from a gross loss of $2 million year-over-year [2][3] - The operating loss improved to $2.5 million compared to $13.5 million in Q4 2024, while the net loss improved to $5.3 million from $16.2 million last year [3] - For the full year 2025, revenue plus tax credits totaled $208 million, down from $268 million in 2024, with operating loss improving to $37.2 million and net loss improving to $77 million from $87.5 million in the prior year [3] Business Line Data and Key Metrics Changes - The dairy renewable natural gas (RNG) platform achieved positive segment net income and EBITDA, with production increasing by 61% year-over-year in Q4 2025, generating net income of $12.2 million [4] - The Keyes ethanol plant generated $158 million in revenue during 2025, with a production capacity of approximately 65 million gallons annually [6] - The biodiesel facility in India generated $29.7 million in revenue during 2025, with significant capacity to meet government biodiesel blending goals [7] Market Data and Key Metrics Changes - The price of low carbon fuel standard (LCFS) credits increased by 60% over the past nine months, contributing to revenue and cash flow growth [5] - The dairy RNG business produced approximately 405,000 MMBtus of renewable natural gas and expanded to 12 operating digesters [5] Company Strategy and Development Direction - The company plans to scale production and monetize environmental credit values associated with its renewable fuels platform, with a focus on completing the India IPO and long-term refinancing of existing debt [9] - Key policy developments include the finalization of the 45Z emissions rate calculation and further strengthening of LCFS markets, which are expected to support long-term growth in low carbon fuels [9] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about strong annual growth in cash flow and profitability from the biogas segment over the next four years [4] - The company is positioned to benefit from the removal of indirect land use change penalties and expects significant cash flow generation from the 45Z production tax credit and LCFS credits [14][25] Other Important Information - The company is expanding its India business into biogas production and sustainable aviation fuel, with plans for an IPO of the India subsidiary this year [8][29] - The mechanical vapor recompression upgrade at the Keyes ethanol plant is expected to increase cash flow by approximately $32 million per year upon completion in 2026 [4][6] Q&A Session Summary Question: Expectations for capital investment in 2026 for RNG and ethanol business - Management indicated total investment for the MVR system will be roughly $40 million, with additional investments for digesters totaling about $70 million [11] Question: EBITDA generation for the ethanol asset in 2026 - Management expects significant cash flow generation post-MVR, with potential increases in LCFS credit prices contributing to revenue [14][15] Question: Contribution from MVR investment timeline - Contribution is expected to begin in Q3 2026, with full impact anticipated in Q4 2026 [20] Question: Start-stop situation in India operations - Management noted that the biodiesel market in India is expected to grow significantly, similar to the ethanol market, as the country focuses on domestic renewable fuels [28] Question: Expansion opportunities in India and internationally - The company plans to locate multiple plants near feedstock sources in India and is considering investments outside India as part of the IPO [45][46]

Core Insights - Aemetis, Inc. reported a significant increase in Dairy RNG production, which rose by 61% year over year in Q4 2025, and expects an annual cash flow increase of approximately $32 million from ethanol plant efficiency upgrades [1][5][13]. Financial Performance - Total revenues for 2025 were $197.6 million, with an additional $10.4 million from production tax credits, leading to a total income of $208.0 million [2][15]. - The company achieved a net income of $12.2 million in the Dairy RNG segment for Q4 2025, contributing to an annual segment net income of $6.9 million [3][5]. - Capital expenditures for carbon intensity reduction and biogas production capacity expansion were $26 million in 2025, reflecting a 28% increase from the previous year [2][5]. Operational Highlights - The Dairy RNG platform expanded to 12 operating digesters, producing approximately 405,000 MMBtu of renewable natural gas in 2025 [4]. - The ethanol plant in Keyes, California generated $158.3 million in revenue and production tax credits during 2025, with a slight decrease in ethanol gallons sold to 14.3 million in Q4 2025 compared to 15.7 million in Q4 2024 [7][10]. - The average selling price of ethanol increased from $1.93 in Q4 2024 to $2.01 in Q4 2025 [10][33]. Market and Regulatory Environment - The California Air Resource Board approved seven new Low Carbon Fuel Standard pathways for Aemetis' RNG business, improving the carbon intensity score from negative 150 to negative 380 [6]. - Legislative support in California for year-round E15 is expected to grow the ethanol market by 50% in the state, helping to mitigate rising gasoline prices [3]. Challenges and Developments - Biodiesel sales in India fell significantly from $3.0 million in Q4 2024 to $600 thousand in Q4 2025 due to structural challenges in the biodiesel program [10][15]. - The company is targeting a public listing for its India subsidiary in 2026, with a new CFO appointed who has IPO experience [8].

Core Insights - Asian governments are implementing extreme measures to manage a fuel shortage caused by high oil prices and the closure of the Strait of Hormuz, with countries like Japan and South Korea heavily reliant on oil imports from the Middle East [1] Group 1: Government Responses - Thailand has mandated civil servants to work from home, increased air-conditioning temperatures, and encouraged wearing short-sleeved shirts to conserve energy, with approximately 95 days of energy reserves remaining [2] - Vietnam is urging businesses to allow remote work to minimize travel, while the Philippines is advocating for a four-day work week and limiting travel to essential functions [3] - Bangladesh has moved the Eid-al-fitr holiday earlier to save fuel, and Pakistan has implemented a four-day work week for government offices and closed schools [3] - India has suspended liquefied petroleum gas shipments to commercial operators to prioritize household supplies, raising concerns among hotels and restaurants about potential closures [3] Group 2: Market Interventions - South Korea plans to introduce a price cap on petroleum products, with 1.7 million barrels of oil per day being withheld due to ongoing conflicts, which poses a significant economic burden [4] - Japan's industry minister has not ruled out using national oil reserves to ensure stable energy supplies [5] - Indonesia is allocating 381.3 trillion rupiah (approximately $22.6 billion) for energy subsidies to maintain affordable fuel and electricity prices [5] Group 3: Additional Measures - Thailand intends to freeze cooking gas prices until May and promote the use of alternative energy sources like biodiesel [6] - Vietnam is considering eliminating tariffs on fuel imports to alleviate the energy crisis [6]

Energy Market Impact - The United States-Iran conflict has led to the effective closure of the Strait of Hormuz, a critical energy chokepoint that typically carries about one-third of global seaborne crude and roughly one-fifth of the world's LNG [1] - Asian countries, including China, India, and Thailand, are experiencing rising fuel costs and energy security concerns due to delays and rerouting of cargoes, which are now priced at a premium [1] Equity Market Response - The spike in energy prices and the risk of a prolonged conflict are influencing equity markets, with increasing concerns about a potential supply shock in the Gulf [2] - J.P. Morgan has upgraded two high-yield oil stocks, anticipating that their global production and balanced portfolios will benefit from the current market conditions [2] High-Yield Dividend Stocks - Eni S.p.A. is highlighted as a high-yield dividend stock, with a market capitalization of approximately $78.1 billion and a forward annual dividend of $1.67 per share, yielding around 3.5% [4] - Eni's stock is trading near $46.79, reflecting a year-to-date gain of about 23.3% and a 52-week increase of roughly 66.5% [4] Financial Performance - Eni's shares are trading at about 13.6 times trailing earnings and 1.29 times book value, both below sector medians, indicating a discount [6] - The company's fourth-quarter 2025 report showed adjusted earnings of $0.87 per ADR, surpassing consensus estimates by approximately 11.5%, indicating better-than-expected profitability [7] - Quarterly revenue was reported at about $24.4 billion, with a year-on-year sales increase of roughly 1.8%, although net income for the period was approximately $105 million, significantly down from the previous year [8]

Group 1 - Aemetis, Inc. will host a conference call on March 12, 2026, to review its fourth quarter and year-end 2025 earnings report [1] - The conference call will be accessible via toll-free and international dial-in numbers, as well as a webcast [1] - Aemetis provides a voice recording of the conference call available until March 26, 2026, and the webcast will be available on the company's website thereafter [2] Group 2 - Aemetis is a diversified renewable natural gas and biofuels company headquartered in Cupertino, California, focusing on innovative technologies to lower energy costs and reduce emissions [3] - The company operates a biogas digester network and pipeline system in California, converting dairy waste gas into Renewable Natural Gas [3] - Aemetis owns a 65 million gallon per year ethanol production facility in California and an 80 million gallon per year biodiesel production facility in India [3] - The company is also developing a sustainable aviation fuel plant and a CO2 sequestration project in California to utilize byproducts from ethanol production [3]