Ameresco(US:AMRC)2025-05-05 20:08Financial Performance - Q1 2025 - Projects contributed $251.5 million to revenue [6], while recurring revenue streams from energy assets and O&M amounted to $81.5 million [6] - Adjusted EBITDA for Q1 2025 was $41 million [8] - 78% of the Adjusted EBITDA came from recurring lines of business [7, 8] - The Adjusted EBITDA margin was 11.5% [41] Energy Asset Portfolio - The company has 742 MWe of operating energy assets [10, 11], including 414 MW of solar (56%) [10, 11], 166 MW of battery (22%) [10, 11], 70 MWe of RNG biogas (9%) [10, 11], and 83 MWe of Non-RNG biogas (11%) [10, 11] - Energy assets in development and construction total 618 MWe [11], with 23% allocated to solar, 15% to biogas, 40% to battery, and 23% to EaaS [11] Backlog and Future Revenue - The total project backlog is $4.9 billion as of March 31, 2025 [21, 22] - The awarded project backlog is $2.6 billion [19], with an additional contracted project backlog of $3.3 billion [19] - The company anticipates $1.87 billion in additional revenue from market price RNG [19] Debt and Leverage - Total debt stands at $1.72 billion [13, 14], with $1.45 billion attributed to energy asset debt [13, 14] - Of the energy asset debt, $1.02 billion is associated with operating energy assets [15], and $0.43 billion is linked to energy assets in development and construction [15]