Stonegate Capital Partners Updates Coverage On Aemetis, Inc. (AMTX) 1Q26
Rhea-AI Summary
Aemetis (NASDAQ: AMTX) reported 1Q26 results showing higher revenue and improved profitability metrics alongside growing low-carbon fuel contributions.
Revenue rose 27% y/y to $54.6M, gross profit improved to $2.8M from a $5.1M loss, and adj. EBITDA loss narrowed to $1.3M as $4.0M in quarterly 45Z credits and stronger RNG economics began contributing.
AI-generated analysis. Not financial advice.
Positive
- Revenue increased 27% year-over-year to $54.6M in 1Q26
- Gross profit improved to $2.8M from a $5.1M loss
- Adj. EBITDA loss narrowed to $(1.3)M from $(10.7)M
- Recognized $4.0M in quarterly 45Z credits across Dairy RNG and California Ethanol
- Dairy RNG volumes grew 55% y/y to 110,000 MMBtu
- Keyes MVR project is expected to add about $32M annual cash flow and displace ~80% fossil gas use
Negative
- Adj. EBITDA remains negative at $(1.3)M in 1Q26 despite year-over-year improvement
News Market Reaction – AMTX
On the day this news was published, AMTX declined 0.87%, reflecting a mild negative market reaction. Argus tracked a peak move of +5.2% during that session. Our momentum scanner triggered 12 alerts that day, indicating notable trading interest and price volatility. This price movement removed approximately $1M from the company's valuation, bringing the market cap to $168.18M at that time.
Data tracked by StockTitan Argus on the day of publication.
Key Figures
Market Reality Check
Peers on Argus
AMTX slipped 1.78% while peers were mixed: FSI up 0.47%, FF up 0.12%, ALTO down 2.69%, CMT down 0.17%, and FEAM up 20.61%. Momentum scanner only flagged LOOP, also up, suggesting the move in AMTX was company‑specific rather than a broad specialty chemicals shift.
Historical Context
| Date | Event | Sentiment | Move | Catalyst |
|---|---|---|---|---|
| 2026-05-07 | Q1 2026 earnings | Positive | -3.7% | Revenue growth, positive gross profit, and Section 45Z credits recognized. |
| 2026-05-01 | Earnings call notice | Neutral | +11.8% | Announcement of scheduled call to review Q1 2026 results. |
| 2026-03-25 | CEO award news | Positive | +11.3% | CEO received Holmberg Lifetime Achievement award in bioeconomy. |
| 2026-03-16 | Coverage update | Positive | -7.0% | Stonegate note on 4Q25 progress and valuation target. |
| 2026-03-12 | FY 2025 results | Positive | +24.7% | Full‑year 2025 low‑carbon fuel scaling and MVR cash flow outlook. |
Recent fundamentally positive updates, including Q4 2025 and Q1 2026 progress and coverage notes, have sometimes seen negative or mixed next‑day reactions, indicating uneven alignment between good news and short‑term price moves.
Over the past six months, Aemetis has focused on scaling its low‑carbon fuels platform. Q4 2025 results highlighted 12 operating digesters and biogas net income of $12.2M, while full‑year 2025 income reached $208.0M. Subsequent earnings for Q1 2026 showed revenue of $54.6M, up 27% year over year, with gross profit turning positive and $4.0M of Section 45Z credits. Coverage updates from Stonegate have emphasized an approaching EBITDA inflection as RNG and ethanol volumes scale, which this new note reiterates.
Market Pulse Summary
This announcement reiterates that Aemetis’ 1Q26 results advanced its shift toward recurring low‑carbon fuel monetization, including $54.6M in revenue, $2.8M in gross profit, and $4.0M of Section 45Z credits. Dairy RNG volumes reached 110,000 MMBtu, and the Keyes MVR project is projected to add about $32M in annual cash flow. Investors may track future quarters for consistency of 45Z monetization, RNG volume growth, MVR execution, and any updates to financing and debt profiles in SEC filings.
Key Terms
rng technical
lcfs regulatory
mmbtu technical
AI-generated analysis. Not financial advice.
Dallas, Texas--(Newsfile Corp. - May 14, 2026) - Aemetis, Inc. (NASDAQ: AMTX): Stonegate Capital Partners updates coverage on Aemetis, Inc. (NASDAQ: AMTX). Aemetis' 1Q26 further supports the transition from project buildout toward recurring low-carbon fuel monetization, with quarterly 45Z recognition and improving RNG economics beginning to appear in reported results. Revenue increased
To view the full announcement, including downloadable images, bios, and more, click here.
Key Takeaways:
- Credit monetization is moving from narrative to reported earnings. 1Q26 revenue rose
27% y/y to$54.6M , with gross profit turning positive and adj. EBITDA loss improving to$(1.3)M as 45Z recognition began contributing quarterly. - Dairy RNG is becoming the clearest recurring cash flow proof point. RNG volumes increased
55% y/y to 110,000 MMBtu, while seven CARB pathways at a negative 380 CI score should materially improve LCFS capture as volumes scale. - Keyes MVR remains the largest near-term EBITDA inflection catalyst. With construction advancing toward 2026 completion, MVR is expected to displace ~
80% of fossil natural gas use and add ~$32M of annual cash flow.
Click image above to view full announcement.
About Stonegate
Stonegate Capital Partners is a leading capital markets advisory firm providing investor relations, equity research, and institutional investor outreach services for public companies. Our affiliate, Stonegate Capital Markets (member FINRA) provides a full spectrum of investment banking, equity research and capital raising for public and private companies.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/297556