Aemetis, Inc (AMTX) Q1 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Hello, and welcome to the Aemetis First Quarter twenty twenty six Earnings Conference Call. Joining us today are Eric McAfee, Chairman and Chief Executive Officer Todd Waltz, Chief Financial Officer and Andy Foster, President of Aemetis Advanced Fuels. I will now turn the call over to Todd Waltz. Thank you and welcome everyone. Before we begin, I'd like to remind you that during the call we'll make forward looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements involve risks and uncertainty that could cause actual results to differ materially from those expressed or implied. Please refer to our earnings release and SEC filings for a discussion of these risks. For the first quarter of twenty twenty six, revenue grew 27% to $54,600,000 compared with $42,900,000 in the first quarter of twenty twenty five, with growth across each of the three reportable operating segments. Gross profit was $2,800,000 in the quarter, a year over year improvement of nearly $8,000,000 from the gross loss of $5,100,000 in the first quarter of twenty twenty five. Operating loss improved approximately 60% to $6,300,000 compared with $15,600,000 in the prior period. Net loss improved to $21,700,000 compared to $24,500,000 in the first quarter twenty twenty five. Production tax credits under Section 45Z contributed $4,000,000 of operating income during the quarter. Dollars 1,400,000 in dairy RNG and $2,600,000 in California ethanol, representing our first quarter of ongoing credit generation tied to quarterly production since 45Z eligibility was established in the fourth quarter of twenty twenty five. Adjusted EBITDA for the quarter was negative $1,300,000 reflecting typical winter seasonality with stronger revenue and margin performance la...