Aemetis, Inc (AMTX) Q2 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Hello, and welcome to the Aemetis Second Quarter twenty twenty six Earnings Conference Call. Joining us today are Eric McAfee, Chairman and Chief Executive Officer Todd Walz, Chief Financial Officer and Andy Foster, President of Aemetis Advanced Fuels. I will now turn the call over to Mr. Todd Walls. 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 risk 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 second quarter of twenty twenty six, revenue grew 20% to $62,700,000 compared to $52,200,000 in the second quarter of twenty twenty five, with growth in both the California ethanol and dairy renewable natural gas operating segments. Biodiesel revenue relied upon sales from private customers. The three India oil marketing company customers issued about $17,000,000 of allocations to our India subsidiary in late July, allowing us to begin biodiesel shipments under this new tender. Operating income improved by $16,400,000 to $5,800,000 in Q2 twenty twenty six, compared with an operating loss of $10,700,000 for the second quarter of twenty twenty five. Net loss improved by $14,000,000 to $9,400,000 compared to $23,400,000 in the second quarter twenty twenty five. Adjusted EBITDA increased by $15,500,000 to $9,700,000 in the second quarter twenty twenty six, compared with a negative $5,800,000 in the second quarter twenty twenty five. The reconciliation of adjusted EBITDA to net loss is described in our earnings release issued today. An important ne...