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AleAnna, Inc. Announces Significant Increase in Proved Reserves Volumes

(Very High)
(Positive)
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AleAnna (NASDAQ: ANNA) reported a material uplift in its year-end 2025 third‑party reserves report from DeGolyer and MacNaughton, with Total Proved Reserves of 25.8 Bcf, a 47% increase versus year‑end 2024 after 2025 production.

Year‑end Proved Reserves rose 37% at Longanesi, 75% at Gradizza, Proved Developed Producing reserves were recognized at Longanesi for the first time, and Total Proved Reserves were recognized at Trava for the first time. Company expects similar increases to undeveloped Prospective Resource and will provide further updates.

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Positive

  • Total Proved Reserves increased to 25.8 Bcf (+47% vs YE2024)
  • Longanesi Proved Reserves up 37% with PDP recognized first time
  • Gradizza Proved Reserves up 75%
  • Trava recognized with Total Proved Reserves for the first time
  • D&M independent analysis upgraded recoverable gas by identifying Thin‑Bed Turbidites

Negative

  • Reserve additions reflect revised technical and probabilistic promotions, not guaranteed production
  • Company may need additional capital for development and RNG projects, per forward‑looking disclosures

News Market Reaction – ANNAW

+10.02%
+10.02% Session close to close

In the Mar 12 session, ANNAW gained 10.02%, reflecting a significant positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

Market Context

The stock surged +10.0% in the session following this news. A strong positive reaction aligns with t...
Analysis

The stock surged +10.0% in the session following this news. A strong positive reaction aligns with the clearly accretive nature of a 47% increase in Total Proved Reserves to 25.8 Bcf. Historical data show robust gains on operational and financial milestones, such as the Q3 2025 results and Gradizza concession updates. Investors may weigh this favorable reserve upgrade against prior volatility following strategic announcements and monitor execution across Longanesi, Gradizza, and the wider Po Valley development portfolio.

Key Figures

Total Proved Reserves: 25.8 Bcf Proved reserves growth: 47% Longanesi reserves increase: 37% +5 more
8 metrics
Total Proved Reserves 25.8 Bcf Year-end 2025 reserves per D&M report
Proved reserves growth 47% Increase vs. year-end 2024 after 2025 production
Longanesi reserves increase 37% Year-end Total Proved Reserves at Longanesi
Gradizza reserves increase 75% Year-end Total Proved Reserves at Gradizza
Conventional gas discoveries 3 Number of conventional gas discoveries in Italy
Exploration projects 14 Planned new natural gas exploration projects this decade
Italy gas pipelines 33,000 kilometers Length of Italy’s gas pipeline infrastructure
RNG investment pipeline €1.1 billion Potential investment tied to almost 100 RNG projects

Historical Context

3 past events · Latest: Feb 02 (Positive)
Pattern 3 events
Date Event Sentiment 24h Move Catalyst
Feb 02 Strategic gas plan Positive -21.0% Italy-focused gas plan aligned with EU Russian gas phase-out and RNG growth.
Jan 20 Gradizza concession Positive +6.4% Gradizza production concession and notice of upcoming reserves/resource updates.
Nov 12 Q3 2025 earnings Positive +26.7% Profitable Q3 2025 with strong Longanesi-driven revenue and cash generation.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Pattern Detected

Past news shows generally positive reactions to concrete operational or financial updates, with one notable selloff following a strategic positioning announcement.

Recent Company History

Over the last few months, AleAnna reported profitability and strong Longanesi-driven Q3 2025 results on Nov 12, 2025, which coincided with a 26.67% gain. A Jan 20, 2026 update on the Gradizza production concession and upcoming reserves revisions saw the stock rise 6.39%. However, a Feb 2, 2026 strategic plan aligned with the EU Russian gas phase-out was followed by a 21.04% decline. Today’s reserves-driven news fits the pattern of operational catalysts drawing positive interest.

Key Terms

total proved reserves, proved developed producing reserves, prospective resource, thin-bed turbidites, +4 more
8 terms
total proved reserves financial
"shows Total Proved Reserves of 25.8 Bcf, a 47% increase over year-end 2024"
Total proved reserves are the volumes of oil, natural gas or other recoverable resources that company engineers judge to be highly likely (about 90% confidence) to be extracted profitably under current laws, prices and technology. For investors, they act like a company’s counted inventory or “bank of fuel” — they signal the scale of future production, potential revenue and the durability of the company’s resource-based cash flow.
proved developed producing reserves financial
"Proved Developed Producing reserves were recognized for the first time at Longanesi"
Proved developed producing reserves are quantities of oil or gas that have been confirmed by testing, are already brought into production through drilled and connected wells, and are currently flowing to market. For investors this is like counting cash in a company’s tills rather than promises on a ledger: these reserves represent near-term, revenue-generating assets that support earnings, borrowing capacity and valuation with lower uncertainty than undeveloped or unproven resources.
prospective resource financial
"Similar increases to AleAnna’s undeveloped Prospective Resource are expected"
A prospective resource is an estimate of material—such as oil, gas, minerals, or other subsurface deposits—that might exist in an area based on geological signs but has not yet been confirmed by drilling or sampling. Investors care because it represents potential future value like a marked spot on a treasure map: it could lead to big gains if proven but carries high uncertainty and typically requires significant exploration and investment to convert into a proved, sellable asset.
thin-bed turbidites technical
"additional, previously unevaluated pays, known as Thin-Bed Turbidites, in the Longanesi"
Thin-bed turbidites are thin, layered deposits left by underwater density flows (think underwater avalanches) that lay down alternating sheets of sand and mud on the seafloor. For investors in resource companies, these layers matter because they make subsurface reservoirs uneven—some thin sand layers may carry oil, gas or water well while nearby mud layers block flow—affecting how much can be produced, where wells are placed, and the predictability of project returns.
gas-in-place technical
"allowing it to increase its gas-in-place and recoverable gas estimates for all three fields"
Gas-in-place is the estimated total volume of natural gas contained in an underground reservoir before any is produced, similar to measuring how much water is held in a sealed sponge. It matters to investors because it shows the size of the resource that could become future production and revenue, but not all of it can be economically recovered, so estimates and the portion that can be sold determine the real value to shareholders.
recoverable gas technical
"increase its gas-in-place and recoverable gas estimates for all three fields"
Recoverable gas is the portion of natural gas in a reservoir that can realistically be brought to the surface using current technology and under expected economic conditions. For investors it matters because it represents the resource that can generate future production, revenue and cash flow—think of it as the fruit on a tree that is within reach and worth picking, rather than the total fruit that exists but may be inaccessible or too costly to harvest.
rng technical
"new supplies of low-carbon natural gas and RNG to Italy, aligning traditional"
Renewable natural gas (RNG) is methane captured from organic waste sources—like landfills, farms, or wastewater—and cleaned to match the quality of conventional natural gas. For investors, RNG matters because it turns waste into a marketable, low-carbon fuel that can create new revenue streams, qualify for environmental credits, and reduce a company’s carbon footprint much like turning trash into a sellable product.
forward-looking statements regulatory
"contains “forward-looking statements” within the meaning of Section 27A"
Forward-looking statements are predictions or plans that companies share about what they expect to happen in the future, like estimating sales or profits. They matter because they help investors understand a company's outlook, but since they are based on guesses and assumptions, they can sometimes be wrong.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Year-End 2025 Third-Party Reserves Report from DeGolyer and MacNaughton Boosts Total Proved Reserves by 47% vs Year-End 2024

  • AleAnna’s year-end 2025 reserve report from DeGolyer and MacNaughton (“D&M”) shows Total Proved Reserves of 25.8 Bcf, a 47% increase over year-end 2024 (after subtracting 2025 production volumes)
  • Year-end Total Proved Reserves increased 37% at Longanesi and 75% at Gradizza. Proved Developed Producing reserves were recognized for the first time at Longanesi, and Total Proved Reserves were recognized at Trava for the first time
  • Similar increases to AleAnna’s undeveloped Prospective Resource are expected, and the Company will issue another statement on that subject in the near future

DALLAS and MILAN, March 12, 2026 (GLOBE NEWSWIRE) -- AleAnna, Inc. (“AleAnna” or the “Company”) (Nasdaq: ANNA) is pleased to announce the receipt of its final year-end 2025 reserves report from D&M, which contains a material increase to Total Proved Reserves and the productive lifespan of Longanesi field, and also to Total Proved Reserves at the Gradizza and Trava fields.

Extensive New Technical Studies Strongly Support Increases to Proved Reserves and Prospective Resources Throughout AleAnna’s Po Valley Assets
In early and mid-2025 AleAnna’s technical experts completed significant updates to its reservoir and resource evaluation models across the Po Valley. Preliminary internal results indicate the presence of additional, previously unevaluated pays, known as Thin-Bed Turbidites, in the Longanesi, Trava, and Gradizza fields. As a result, AleAnna engaged D&M to conduct an independent Thin-bed pay analysis for all three fields using advanced log interpretation techniques and software. In its report to AleAnna, D&M concluded that all of the wells drilled to date contain significant amounts of Thin-Bed Turbidites, allowing it to increase its gas-in-place and recoverable gas estimates for all three fields.

AleAnna also commissioned D&M to update its Reserves report using encouraging Longanesi production data and reservoir performance from 2025. The results of this analysis allowed D&M to promote a certain amount of reserves from the Probable category at year-end 2024 to the Proved category at year-end 2025, a positive development in terms of future recoverable reserves.

According to both AleAnna internal and D&M studies, the presence of Thin-bed Turbidites throughout the Po Valley basin is now recognized, and based upon thicker pay columns and good early performance of Turbidite reservoirs at Longanesi, similar increases to resource estimates for the Company’s development portfolio can be expected. AleAnna will provide an update to its Po Valley development program and further discuss this positive development in the near future.

Management Commentary
Marco Brun, Chief Executive Officer, commented:

“We are pleased to announce the receipt of our final year-end 2025 reserves report from DeGolyer and MacNaughton, confirming a substantial increase in our proved reserves base. As a result, Total Proved Reserves at year-end 2025 increased by 47% compared to year-end 2024, after accounting for 2025 production. This meaningful growth underscores the long-term value of our portfolio and the effectiveness of our disciplined technical and operational approach. We believe this significant reserves increase strengthens our asset base, enhances future production visibility, and further positions the Company for sustainable growth.”

About AleAnna
AleAnna is a technology-driven energy company focused on bringing sustainability and new supplies of low-carbon natural gas and RNG to Italy, aligning traditional energy operations with renewable solutions, with developments like the Longanesi field leading the way in supporting a responsible energy transition. With three conventional gas discoveries in Italy already made and fourteen new natural gas exploration projects planned this decade, AleAnna plays a pivotal role in Italy’s energy transition. Italy’s extensive infrastructure, featuring 33,000 kilometers of gas pipelines, three major gas storage facilities, and a strong base of existing RNG facilities, aligns with AleAnna’s commitment to sustainability. AleAnna’s RNG projects’ portfolio includes three plants under development and almost 100 projects representing approximately €1.1 billion potential investment in the next few years. AleAnna operates regional headquarters in Dallas, Texas, and Rome, Italy.

Forward-Looking Statements
The information included herein contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Certain statements, other than statements of present or historical fact included herein regarding AleAnna’s future operations, financial position, plans and objectives are forward-looking statements. When used herein, including any statements made in connection herewith, the words “could,” “should,” “will,” “may,” “believe,” “anticipate,” “intend,” “estimate,” “expect,” “project,” and other similar expressions are forward-looking statements. However, not all forward-looking statements contain such identifying words. Forward-looking statements are neither historical facts nor assurances of future performance. Instead, they are based only on AleAnna’s current beliefs, expectations and assumptions regarding the future of its business, future plans and strategies, the economy and other future conditions. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict and many of which are outside of AleAnna’s control. AleAnna’s actual results and financial condition may differ materially from those indicated in the forward-looking statements. Therefore, you should not rely on any of these forward-looking statements, which speak only as of the date made. Important factors that could cause our actual results and financial condition to differ materially from those indicated in the forward-looking statements include, but are not limited to, those under “Risk Factors” in AleAnna’s Annual Report on Form 10-K for the year ended December 31, 2024, filed with the SEC on March 31, 2025, as updated by the Company’s Quarterly Report on Form 10-Q for the quarter ended September 30, 2025, filed with the SEC on November 12, 2025, as well as general economic conditions; AleAnna’s need for additional capital; risks associated with the growth of AleAnna’s business; and changes in the regulatory environment in which AleAnna operates. Additional information concerning these and other factors that may impact AleAnna’s expectations and projections can be found in filings it makes with the SEC, and other documents filed or to be filed with the SEC by AleAnna. SEC filings are available on the SEC’s website at www.sec.gov. Except as otherwise required by applicable law, AleAnna disclaims any duty to update any forward-looking statements, all expressly qualified by the statements in this section, to reflect events or circumstances after the date hereof.

Investor Relations Contact
Ivan Ronald
ironald@aleannagroup.com

Website
https://www.aleannainc.com/


FAQ

How much did AleAnna (ANNA) increase Total Proved Reserves in the year‑end 2025 D&M report?

AleAnna reported Total Proved Reserves of 25.8 Bcf, a 47% increase versus year‑end 2024. According to the company, this figure is after subtracting 2025 production and reflects D&M's independent evaluation.

What changes occurred at the Longanesi field in AleAnna's 2025 reserves update?

Longanesi Total Proved Reserves increased by 37% and PDP was recognized for the first time. According to the company, new Thin‑Bed Turbidite analysis and 2025 production data supported the upgrade.

Did AleAnna (ANNA) record new proved reserves at Trava or Gradizza in 2025?

Yes. Gradizza Proved Reserves rose 75%, and Total Proved Reserves were recognized at Trava for the first time. According to the company, D&M's thin‑bed analysis drove these recognitions.

What technical reason did AleAnna give for the reserves increases in 2025?

The company cites discovery of Thin‑Bed Turbidites across its Po Valley fields, increasing gas‑in‑place and recoverable estimates. According to AleAnna, D&M's advanced log interpretation confirmed significant thin‑bed pays.

Will AleAnna's 2025 reserves growth immediately increase production or cash flow for ANNA?

Not necessarily; reserve reclassification improves resource visibility but does not guarantee immediate production or cash flow. According to the company, development and funding steps remain required to realize additional production.