Aemetis Stock Price, News & Analysis

Aemetis (NASDAQ:AMTX) reported a 22% revenue increase in Q1 2022, reaching $52.0 million compared to $42.8 million in Q1 2021, driven by higher ethanol prices at $2.58 per gallon. Although the company posted a net loss of $18.3 million, it saw an improvement in gross loss, decreasing to $3.1 million. Aemetis invested $11.4 million in carbon reduction projects and signed significant off-take agreements totaling $6.7 billion. Cash reserves decreased to $5.5 million, down from $7.8 million in Q4 2021.

Aemetis, Inc. (NASDAQ: AMTX) has announced a conference call to discuss its first quarter 2022 earnings report on May 12, 2022, at 11 am PST. Participants can join via toll-free and international dialing options or through a webcast available on the company's website. The company aims to transform renewable energy with low carbon intensity transportation fuels, including its Carbon Zero production process. Aemetis operates an ethanol plant in California and a biodiesel facility in India, focusing on innovative technologies to reduce greenhouse gas emissions.

Aemetis, a renewable fuels company, has signed an offtake agreement with JetBlue for the delivery of 125 million gallons of blended sustainable aviation fuel (SAF) over ten years, valued at approximately $530 million. The fuel, comprising 40% SAF and 60% petroleum jet fuel, is set to start deliveries in 2025. Aemetis aims to produce this fuel at its upcoming plant in Riverbank, California, which emphasizes carbon sequestration and utilizes renewable energy. The agreement aligns with JetBlue's climate commitments and California's renewable fuel incentives.

Aemetis, Inc. (NASDAQ: AMTX) has announced the completion of key developments in its Aemetis Biogas Central Dairy Project, including the construction of a third dairy digester and testing of a biogas pipeline. The $12 million facility will convert dairy biogas into renewable natural gas (RNG), with injection into the PG&E pipeline expected in early May 2022. The initiative aims to capture over 1.6 million MMBtu of dairy methane annually, significantly reducing CO2 emissions, equivalent to removing 1 million cars from the road. This expansion is part of Aemetis' strategy to meet increasing demand for carbon-negative fuels.

Aemetis, Inc. (NASDAQ: AMTX) announced a significant milestone as its Aemetis Biogas subsidiary completed testing for a $12 million biogas-to-renewable natural gas (RNG) upgrading facility in California. This facility enables the company to sell RNG with -426 carbon intensity to fleet customers in California. The biogas facility, co-located at the Aemetis Advanced Fuels Keyes ethanol plant, is ready for utility-grade RNG injection into PG&E’s pipeline, expected to start in May. The overall project aims to capture 1.6 million MMBtu of dairy methane annually, reducing CO2 emissions equivalent to over 1 million cars.

Aemetis, Inc. (NASDAQ: AMTX) has announced the acquisition of an 8.5-acre property on Faith Home Road for $2 million. Located near the Aemetis Keyes ethanol plant, this strategic site will support the company’s Carbon Zero projects, including renewable natural gas (RNG) and carbon capture and sequestration (CCS). The acquisition enhances access to transportation infrastructure and biogas resources, crucial for the ongoing Carbon Zero initiatives, which aim to produce low-carbon fuels to replace fossil fuels in various vehicles.

Aemetis, Inc. (NASDAQ: AMTX) has signed a seven-year offtake agreement with Finnair for 17.5 million gallons of blended sustainable aviation fuel (SAF), valued at approximately $70 million. The SAF, comprising 40% SAF and 60% Petroleum Jet A, will be produced at Aemetis' renewable jet/diesel plant in Riverbank, California, with deliveries starting in 2025. This contract is part of a larger $2 billion initiative by the one world Alliance to reduce aviation's environmental impact, supporting Finnair's goal for carbon neutrality by 2045.

Aemetis, Inc. (NASDAQ: AMTX), a renewable fuels company, has signed a significant offtake agreement with Qantas Group for 35 million gallons of blended sustainable aviation fuel (SAF) over seven years, valued at approximately $250 million. The agreement supports Qantas's goal for net zero emissions by 2050. The SAF, composed of 40% SAF and 60% Petroleum Jet A, will be produced at Aemetis's renewable plant in California, with deliveries expected to commence in 2025. This initiative aims to substantially reduce aviation's carbon footprint.

Aemetis, Inc. (AMTX) reported a 28% year-over-year revenue increase, reaching $212 million for 2021, driven by rising demand for low-carbon fuels. The company's gross profit improved to $7.9 million, although it was lower than $11 million in 2020 due to fluctuating margins. Operating loss widened to $15.8 million, with a net loss of $47.1 million for the year. Significant capital investments of $30.9 million were made in carbon reduction projects. Aemetis secured $100 million in credit facilities to fund ongoing projects, indicating financial support for future growth.