Aemetis — Third Quarter 2026 Earnings Summary

Aemetis reported a net income of $5.2 million for the third quarter of 2026, driven by a 49% increase in revenue to $88.2 million and the recognition of $24.7 million in Section 45Z production tax credits. The company's Dairy Renewable Natural Gas segment saw sales volumes grow 39% to 158,200 MMBtu, while the California Ethanol segment increased ethanol sales by 6% to 15.6 million gallons. Adjusted EBITDA improved significantly to $24.8 million from a negative $5.0 million in the prior year period, supported by higher credit values following an update to the 45ZCF-GREET model. Additionally, Aemetis expanded its biogas network to 14 digesters and invested $20.2 million in capital projects during the quarter.