Aemetis, Inc. is an enterprise specializing in renewable natural gas and sustainable fuels, conducting operations across North America and India. The company's ...
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Est. EPS $-0.20 · Revenue $75.05M · 3 analysts
Est. EPS $-0.23 · Revenue $75.79M · 3 analysts
Est. EPS $-0.89 · Revenue $268.33M · 3 analysts
Est. EPS $-0.20 · Revenue $84.33M · 1 analysts
| Metric | Latest | YoYYoY means Year-over-Year. It compares the latest annual value with the previous annual value to show long-term trend strength. | QoQQoQ means Quarter-over-Quarter. It compares the latest quarter with the immediately previous quarter to show short-term momentum changes. |
|---|---|---|---|
| RevenueThe total money that came through the front door from selling things, before paying a single bill. Think of it as the grand total of every credit card swipe from customers. (YoY compares this year to last year's performance, while QoQ compares the current three months to the previous three). | $208.0M | -22.3% | +14.8% |
| Net IncomeThe absolute bottom line. If the company paid every single supplier, employee, banker, and tax collector, this is the actual money left in their pocket at the end of the day. | $-77.0M | +12.0% | +56.9% |
| Gross MarginThe basic markup. If they sell a $100 pair of sneakers, this percentage tells you how much of that price tag is profit right after paying for the rubber and shoelaces, but before paying for things like store rent or TV commercials. | -0.4% | -70.4% | +327.2% |
| Operating MarginThe 'day job' efficiency score. Out of every dollar a customer spends, this shows how many cents the company keeps after making the product AND paying for all the everyday corporate overhead (like salaries, marketing, and keeping the lights on). | -17.9% | -18.5% | +179.4% |
| Net MarginThe final take-home percentage. When you strip away every conceivable cost, tax, and interest payment, this is the exact number of cents the company truly gets to keep from every dollar in sales. | -37.0% | -13.2% | +62.4% |
| Free Cash FlowThe holy grail of corporate cash. It's the spendable, physical money left over after the business pays for its daily operations AND buys the big, expensive upgrades (like new factories or servers) it needs to survive. This is the 'free' money they can use to pay dividends or buy back stock. | $-22.7M | +57.2% | -60.9% |
| FCF MarginThe ultimate cash conversion rate. It shows how good the company is at turning regular sales directly into cold, hard, spendable cash. A high percentage means the business is an absolute cash-printing machine. | -10.9% | +45.0% | -40.2% |
| Debt / EquityThe financial risk gauge. It compares how much of the company's empire was built using borrowed money (loans) versus the owners' own money (shareholders). A high number means they are heavily leveraged and playing a riskier game; a low number means they are playing it safe. | -124.4% | +2.9% | -3.4% |
| Current RatioThe 12-month survival check. It simply compares the cash they have right now (plus things they can quickly turn into cash) against the immediate bills they absolutely must pay this year. A score above 1 means they have enough in the wallet to cover the upcoming bills without panicking. | 0.07x | -76.7% | -9.2% |
| Total AssetsThe absolute size of the company's empire. It bundles together absolutely everything of value they own—from the cash in the register and the inventory in the warehouse, to the software patents in the vault and the factories on the ground. | $259.8M | +0.2% | +7.0% |
| Metric | Annual (A vs E) | Annual Surprise | Quarter (A vs E) | Quarter Surprise |
|---|---|---|---|---|
| EPS Surprise | -1.28 vs -1.39 | +8.2% | -0.13 vs -0.20 | +35.0% |
| Revenue Surprise | $208.0M vs $213.8M | -2.7% | $62.7M vs $75.1M | -16.5% |
| Date | Executive | Title | Security | Side | Shares | Price |
|---|---|---|---|---|---|---|
| Jun 10, 2026 | Simon Timothy Alan | director | Common Stock | D | 10,000 | $2.05 |
| Mar 19, 2026 | Waltz Todd | officer: Executive Vice President, CFO | Option (right to buy) | A | 200,000 | $2.64 |
| Mar 19, 2026 | Gupta Sanjeev | officer: Executive Vice President | Option (right to buy) | A | 200,000 | $2.64 |
| Mar 19, 2026 | ROCKETT JAMES MICHAEL | officer: EVP, General Counsel | Option (right to buy) | A | 200,000 | $2.64 |
| Mar 19, 2026 | BLOCK JOHN R | director | Common Stock | A | 10,000 | $2.64 |
Operator: Hello, and welcome to the Aemetis Second Quarter 2026 Earnings Conference Call. Joining us today are Eric McAfee, Chairman and Chief Executive Officer; Todd Waltz, Chief Financial Officer; and Andy Foster, President of Aemetis Advanced Fuels. I will now turn the call over to Mr. Todd Waltz. Todd Waltz: Thank you, and welcome, everyone. Before we begin, I'd like to remind you that during the call, we'll make forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements involve risks and uncertainty that could cause actual results to differ materially from those expressed or implied. Please refer to our earnings release and SEC filings for a discussion of these risks. For the second quarter of 2026, revenue grew 20% to $62.7 million compared to $52.2 million in the second quarter of 2025, with growth in both the California Ethanol and Dairy Renewable Natural Gas operating segments. Biodiesel revenue relied upon sales from private customers. The 3 India Oil marketing company customers issued about $17 million of allocations to our India subsidiary in late July, allowing us to begin biodiesel shipments under this new tender. Operating income improved by $16.4 million to $5.8 million in Q2 2026 compared with an operating loss of $10.7 million for the second quarter of 2025. Net loss improved by $14 million to $9.4 million compared to $23.4 million in the second quarter of 2025. Adjusted EBITDA increased by $15.5 million to $9.7 million in the second quarter of 2026 compared with a negative $5.8 million in the second quarter of 2025. The reconciliation of adjusted EBITDA to net loss is described in our earnings release issued today. An important new revenue component should be noted. Section 45Z Credits contributed $8.6 million, $2.2 million in dairy renewable natural gas and $6.4 million in California Ethanol. Excluding 45Z Credits entirely, Q2 gross profit of $13.8 million still improved by more than $8 million year-over-year, driven by lower priced corn at $6.07 per bushel versus $6.42 per bushel, a 12% increase in ethanol volume, ethanol pricing up 9% and a significant 38% increase in RNG volume. Cash at the end of the quarter was $1 million. On July 9, we announced that we received $17.6 million in net cash proceeds from the sale of Section 45Z Credits. Capital investments supporting our energy efficiency projects and investments in biogas production were $8.6 million in the quarter and $15.1 million for the first half. With that overview, I'll turn the call over to Eric. Eric McAfee: Thank you, Todd. Let's highlight 3 key takeaways from the second quarter. First, Q2 continues the financial inflection points we noted during the last earnings call. We grew consolidated revenue 20% year-over-year, posted an improvement in operating income of $16.4 million and increased adjusted EBITDA by $15.5 million compared to the second quarter of 2025. Second, we benefited from the California …
| Name | Title | Compensation | Gender | Year Born | Status |
|---|---|---|---|---|---|
Eric A. McAfee | Co-Founder, Executive Chairman & Chief Executive Officer | USD 1,050,000 | Male | 1963 | Active |
J. Michael Rockett | Executive Vice President, General Counsel & Corporate Secretary | USD 585,973 | Male | 1966 | Active |
Todd A. Waltz | Executive Vice President & Chief Financial Officer | USD 569,000 | Male | 1961 | Active |
Andrew Foster | Executive Vice President of North America & Chief Operating Officer | USD 539,000 | Male | 1965 | Active |
Sanjeev Gupta | Executive Vice President of Aemetis International | USD 539,000 | Male | 1960 | Active |
Dallas, Texas--(Newsfile Corp. - August 10, 2026) - Aemetis Inc. (NASDAQ: AMTX): Stonegate Capital Partners Updates Coverage on Aemetis Inc. (NASDAQ: AMTX). Aemetis' 2Q26 results made the operating inflection visible, as quarterly 45Z recognition, higher RNG production, and improved ethanol economics drove positive operating income and adj.
Aemetis, Inc. (AMTX) Q2 2026 Earnings Call Transcript
Aemetis NASDAQ: AMTX reported higher second-quarter revenue and a return to operating profitability, citing growth in its California ethanol and dairy renewable natural gas businesses as well as contributions from federal Section 45Z production tax credits.
Aemetis (AMTX) came out with a quarterly loss of $0.13 per share versus the Zacks Consensus Estimate of a loss of $0.29. This compares to a loss of $0.41 per share a year ago.
Revenue Growth of 20%, Positive Operating Income, and Increased Dairy RNG Production CUPERTINO, Calif., August 6, 2026 – PRISM MediaWire (Press Release Service – Press Release Distribution) – Aemetis, Inc.
