Stonegate Capital Partners Updates Coverage On Aemetis, Inc. (AMTX) Q3 2025
Aemetis (NASDAQ: AMTX) reported 3Q25 revenue of $59.2M, up $7.0M sequentially, driven by stronger California ethanol pricing/volumes and $14.5M of India biodiesel orders.
Twelve operating dairy digesters produced 114,000 MMBtu and generated about $4.0M of revenue; CARB LCFS pathway approvals enabled full monetization of seven new pathways. Signed equipment and installation contracts total $57M year-to-date.
Capacity is expected to reach 550,000 MMBtu by year-end and target 1.0M MMBtu by FY27. Cash was $5.6M at quarter end while a $30M MVR project at Keyes is expected to add roughly $32M of annual cash flow; an initial ~$20M sale of 45Z and 48 credits is planned starting 4Q25.
Aemetis (NASDAQ: AMTX) ha riportato ricavi del 3Q25 pari a 59,2 milioni di dollari, in rialzo di 7,0 milioni rispetto al trimestre precedente, trainati da prezzi/volumi dell'etanolo in California e da ordini di biodiesel in India per 14,5 milioni di dollari.
Dodici digestori lattiero-caseari in funzione hanno prodotto 114.000 MMBtu e generato circa 4,0 milioni di dollari di ricavi; le approvazioni dei percorsi LCFS di CARB hanno permesso la monetizzazione completa di sette nuovi percorsi. Contratti di apparecchiature e installazione firmati ammontano a 57 milioni di dollari da inizio anno.
La capacità si prevede raggiungere 550.000 MMBtu entro la fine dell'anno e puntare a 1,0M MMBtu entro FY27. La liquidità ammontava a 5,6 milioni di dollari al termine del trimestre, mentre un progetto MVR da 30 milioni di dollari a Keyes dovrebbe aggiungere circa 32 milioni di flusso di cassa annuo; è prevista una vendita iniziale di circa 20 milioni di dollari di crediti 45Z e 48 a partire dal 4Q25.
Aemetis (NASDAQ: AMTX) reportó ingresos del 3T25 de 59,2 millones de dólares, un incremento secuencial de 7,0 millones, impulsado por precios/volúmenes de etanol en California y pedidos de biodiesel en India por 14,5 millones.
Doce digestores lácteos en operación produjeron 114.000 MMBtu y generaron aproximadamente 4,0 millones de dólares de ingresos; las aprobaciones de ruta LCFS de CARB permitieron la monetización completa de siete nuevas rutas. Contratos de equipo e instalación firmados totalizan 57 millones de dólares en lo que va del año.
Se espera que la capacidad alcance 550.000 MMBtu para fin de año y un objetivo de 1,0M MMBtu para FY27. El efectivo fue de 5,6 millones de dólares al cierre del trimestre, mientras que un proyecto MVR de 30 millones de dólares en Keyes se espera que añada aproximadamente 32 millones de flujo de caja anual; se planea una venta inicial de alrededor de 20 millones de dólares de créditos 45Z y 48 a partir del 4Q25.
Aemetis (NASDAQ: AMTX)는 3Q25 매출을 5,92천만 달러로 보고했고, 전 분기 대비 700만 달러 증가했습니다. 이는 캘리포니아의 에탄올 가격/물량 강세와 인도 바이오디젤 주문 14,5백만 달러가 견인했습니다.
작동 중인 12개의 유제품 소화조는 114,000 MMBtu를 생산했고 약 400만 달러의 매출을 창출했습니다. CARB의 LCFS 경로 승인으로 7개 새로운 경로의 전면 수익화가 가능해졌습니다. 연간 현재까지 체결된 장비 및 설치 계약은 5,700만 달러에 이릅니다.
연말까지 용량은 550,000 MMBtu에 이를 것으로 예상되며 FY27까지 1.0M MMBtu를 목표로 합니다. 분기 말 현금은 560만 달러였고 Keyes의 3천만 달러 MVR 프로젝트는 연간 현금 흐름을 약 3200만 달러 추가할 것으로 보이며, 4Q25부터 45Z 및 48 크레딧의 초기 약 2000만 달러 매각이 계획되어 있습니다.
Aemetis (NASDAQ: AMTX) a annoncé un chiffre d'affaires du 3T25 de 59,2 millions de dollars, en hausse de 7,0 millions par rapport au trimestre précédent, tiré par des prix/volumes d'éthanol en Californie plus solides et des commandes de biodiesel en Inde pour 14,5 millions de dollars.
Douze digesteurs laitiers en activité ont produit 114 000 MMBtu et généré environ 4,0 millions de dollars de revenus; les approbations des parcours LCFS de CARB ont permis la monétisation complète de sept nouveaux parcours. Les contrats d'équipement et d'installation signés s'élèvent à 57 millions de dollars à ce jour.
La capacité devrait atteindre 550 000 MMBtu d'ici la fin de l'année et viser 1,0 MMBtu pour FY27. La trésorerie était de 5,6 millions de dollars à la fin du trimestre, tandis qu'un projet MVR de 30 millions de dollars à Keyes devrait ajouter environ 32 millions de dollars de flux de trésorerie annuels; une vente initiale d'environ 20 millions de dollars de crédits 45Z et 48 est prévue à partir du 4Q25.
Aemetis (NASDAQ: AMTX) meldete einen Umsatz im 3Q25 von 59,2 Mio. USD, ein Anstieg von 7,0 Mio. USD gegenüber dem Vorquartal, getragen von stärkeren Preisen/Volumen für Ethanol in Kalifornien und Bestellungen für Biodiesel in Indien über 14,5 Mio. USD.
Zwölf betriebene Milchsäuregas-Digester erzeugten 114.000 MMBtu und brachten ca. 4,0 Mio. USD Umsatz ein; CARB LCFS-Pfadgenehmigungen ermöglichten die vollständige Monetarisierung von sieben neuen Pfaden. Unterzeichnete Ausrüstungs- und Installationsverträge belaufen sich bis heute auf 57 Mio. USD.
Die Kapazität wird voraussichtlich bis Jahresende 550.000 MMBtu erreichen, mit einem Ziel von 1,0 Mio. MMBtu bis FY27. Bargeld betrug zum Quartalsende 5,6 Mio. USD, während ein 30 Mio. USD MVR-Projekt in Keyes voraussichtlich rund 32 Mio. USD an jährlichem Cashflow hinzufügen sollte; eine initiale ~20 Mio. USD Verkauf von Krediten 45Z und 48 ist ab dem 4Q25 geplant.
أيميتس (نازداك: AMTX) أبلغت عن إيرادات الربع الثالث 3Q25 بمقدار 59.2 مليون دولار، بارتفاع قدره 7.0 ملايين دولار مقارنةً بالربع السابق، مدفوعاً بسعر/حجم الإيثانول في كاليفورنيا وطلبات بيوديوسيل الهندية بقيمة 14.5 مليون دولار.
اثنا عشر جهاز هضم لَبَنياً وظيفياً أنتجوا 114,000 MMBtu وولّدوا نحو 4.0 ملايين دولار من الإيرادات؛ موافقات CARB LCFS لمسارات الإطار مكنت من تحقيق monetization كاملة لسبعة مسارات جديدة. العقود الموقَّعة للمعدات والتركيب بلغت حتى تاريخه 57 مليون دولار.
من المتوقع أن تصل القدرة إلى 550,000 MMBtu بنهاية العام وأن يكون الهدف 1.0M MMBtu حتى FY27. كان النقد 5.6 ملايين دولار في نهاية الربع بينما من المتوقع أن يضيف مشروع MVR بقيمة 30 مليون دولار في Keyes حوالي 32 مليون دولار من التدفق النقدي السنوي؛ من المخطط بيع ابتدائي يقارب 20 مليون دولار من ائتمانات 45Z و48 اعتباراً من 4Q25.
- Revenue $59.2M, up $7.0M sequentially
- Signed $57M of equipment and installation contracts YTD
- Dairy RNG revenue ~$4.0M from 114,000 MMBtu
- Capacity target: 550,000 MMBtu by year-end; 1.0M MMBtu by FY27
- MVR project $30M expected to add ~$32M annual cash flow
- Cash balance only $5.6M at quarter end versus $30M MVR project cost
- Initial reliance on sale of ~ $20M of 45Z/48 credits starting 4Q25
Insights
Aemetis shows revenue growth and expanding Dairy RNG capacity, with multiple monetization streams and sizable equipment contracts.
Aemetis reported
The business mechanism relies on scaling Dairy RNG capacity and monetizing energy outputs through RNG sales, D3 RINs, and Section 45Z tax credits. Capacity is expected to hit 550,000 MMBtu by year end and reach 1.0M MMBtu by
Key dependencies and risks include timely project execution, successful sale and settlement of credits, and conversion of signed contracts into operating capacity. Cash was
Dallas, Texas--(Newsfile Corp. - November 14, 2025) - Aemetis, Inc. (NASDAQ: AMTX): Stonegate Capital Partners updates coverage on Aemetis, Inc. (NASDAQ: AMTX). Aemetis' third-quarter results underscore a strengthening Dairy RNG platform supported by CARB pathway approvals, incremental digesters, and favorable policy momentum. Twelve operating digesters produced 114,000 MMBtu in the quarter and generated about
To view the full announcement, including downloadable images, bios, and more, click here.
Key Takeaways:
- Revenue was
$59.2M in 3Q25, up$7.0M from 2Q25, supported by stronger California ethanol margins and$14.5M of India biodiesel sales. - Dairy RNG generated about
$4.0M of revenue on 114,000 MMBtu from 12 operating digesters, with fully monetized CARB LCFS pathways and an initial ~$20M sale of 45Z and 48 credits planned starting in 4Q25. - Cash increased to
$5.6M at quarter end as Aemetis advanced a$30M MVR project at Keyes expected to add roughly$32M of annual cash flow and improve long term plant economics.
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.
Contacts:
Stonegate Capital Partners
(214) 987-4121
info@stonegateinc.com
Source: Stonegate, Inc.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/274514
FAQ
What were Aemetis (AMTX) 3Q25 revenues and sequential change?
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