Welcome to our dedicated page for Archaea Energy news (Ticker: LFG), a resource for investors and traders seeking the latest updates and insights on Archaea Energy stock.
Archaea Energy Inc. (LFG) drives innovation in renewable natural gas production through landfill methane capture and conversion. This dedicated news hub provides investors and stakeholders with essential updates on operational milestones, sustainability initiatives, and strategic developments shaping the low-carbon energy sector.
Access timely announcements about new RNG facilities, partnership agreements with energy leaders, and financial performance metrics. Our curated collection features press releases covering project commissioning updates, technology advancements, and market expansion efforts across Archaea Energy's national operations.
Discover comprehensive coverage of LFG's environmental impact through emissions reduction achievements and long-term sustainability commitments. The resource serves both financial professionals tracking renewable energy investments and environmentally conscious readers monitoring clean fuel innovations.
Bookmark this page for continuous access to verified updates about Archaea Energy's role in transforming waste emissions into sustainable solutions. Check regularly for the latest developments in RNG production capabilities and corporate growth strategies.
Archaea Energy Inc. (NYSE: LFG) has successfully closed an amendment to its Revolving Credit and Term Loan Agreement, increasing total commitments to
Archaea Energy Inc. (NYSE: LFG) has secured binding commitments from five financial institutions to amend its Revolving Credit and Term Loan Agreement, increasing total commitments by approximately
The amended facilities will include a
Archaea Energy Inc. (NYSE: LFG) reported preliminary Q1 2022 results, posting revenues of $56.9 million and a net loss of $33.2 million. The company increased its estimated long-term annual earnings power by 50% to approximately $600 million, attributed to adding 53 RNG development projects to its backlog. Key strategic moves include the $215 million acquisition of INGENCO, adding 14 LFGTE plants, and a landmark joint venture with Republic Services (NYSE: RSG) to invest $1.1 billion in developing 39 RNG facilities.
Republic Services and Archaea Energy have formed a joint venture to develop 39 renewable natural gas (RNG) projects nationwide, creating the largest RNG portfolio in the U.S. The $1.1 billion investment includes $800 million from Archaea and $300 million from Republic. The initiative, which aims to convert landfill gas into pipeline-quality RNG, supports Republic's sustainability goal of reusing 50% more biogas by 2030. Construction is set to begin in late 2022, with completion expected by 2027.
Archaea Energy Inc. (NYSE: LFG) announced the acquisition of NextGen Power Holdings LLC for $215 million in cash as part of its strategy to enhance renewable natural gas (RNG) development opportunities. This acquisition includes 14 operating landfill gas to electric plants, expected to generate approximately 6 million MMBtu of RNG and over 500 thousand MWh of electricity annually. The deal is projected to close after July 1, 2022 and aims to expand Archaea’s operations, adding around 70 INGENCO employees to its skilled team.
Archaea Energy Inc. (NYSE: LFG) will release its first quarter 2022 financial results on May 10, 2022, before market open. A conference call for investors and analysts is scheduled for 11:00 a.m. Eastern Time the same day, where results will be discussed. A listen-only webcast and accompanying slide presentation will be accessible on Archaea's website, with a replay available for 12 months. Archaea is a leading producer of renewable natural gas (RNG), focusing on sustainable solutions to displace fossil fuels.
Archaea Energy Inc. (NYSE: LFG) has priced an underwritten public offering of 12,993,603 shares of its Class A common stock at $17.75 per share, set to close around March 25, 2022. This offering, made by existing stockholder Aria Renewable Energy Systems LLC, does not yield any proceeds for the company. Additionally, the underwriter has a 30-day option to purchase up to 1,949,040 additional shares. The SEC has declared the company's registration statement effective for this offering.
Archaea Energy Inc. (NYSE: LFG) has commenced an underwritten public offering of 12,993,603 shares of its Class A common stock by an existing stockholder, Aria Renewable Energy Systems LLC. The offering includes a 30-day option for underwriters to purchase an additional 1,949,040 shares. The company will not receive any proceeds from this sale. Barclays and Jefferies are the joint book-running managers for the offering. The registration statement has been approved by the SEC and further details can be accessed on the SEC website.
Archaea Energy Inc. (NYSE: LFG) announced preliminary Q4 2021 results, reporting revenue of $58.4 million and net income of $3.7 million. Pro forma revenue for the full year reached $205.8 million, with a net loss of $77.4 million. Adjusted EBITDA was $16.4 million for Q4 and $76.1 million for the full year, exceeding guidance metrics. The company achieved significant milestones, including the operation of its Assai RNG facility and long-term agreements with NW Natural (NYSE: NWN) and FortisBC (NYSE: FTS). 2022 guidance includes RNG production of 11.1–11.7 million MMBtu and Adjusted EBITDA of $125–145 million.
Archaea Energy Inc. (NYSE: LFG) plans to release its fourth quarter and full year 2021 financial results on March 17, 2022, before market opening. A conference call for investors and analysts will follow at 11:00 a.m. Eastern Time on the same day. The discussion will cover the financial outcomes of the period. Archaea specializes in renewable natural gas (RNG) production and partners with landfill and farm owners to convert waste emissions into low carbon fuel. For more information, visit www.archaeaenergy.com.
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