Curated News
By: NewsRamp Editorial Staff
November 06, 2026
Aemetis Q3 Earnings Surge on RNG Credits, Stonegate Updates Coverage
TLDR
- Aemetis stock gains edge from 49% revenue growth, first quarterly net income, and a $32M annual cash-flow opportunity from Keyes MVR system.
- Aemetis earnings rose on higher RNG credit values and a $11.0M 45Z catch-up, with MVR benefits and corn-oil expansion driving future margins.
- Aemetis advances cleaner fuels through RNG and biodiesel, supporting lower emissions and sustainable energy while creating economic value and jobs.
- Aemetis turned its first quarterly net income as RNG credit values jumped to about $62 per MMBtu and two new digesters began service.
Impact - Why it Matters
This news matters because it highlights Aemetis' transition from a development-stage company to a profitable producer, with tangible growth from existing assets and a clear path to further margin expansion. The first quarterly net income and strong adjusted EBITDA demonstrate the earnings power of its RNG and biodiesel operations, while upcoming catalysts like the Keyes MVR system, California's E15 implementation, and EU export approvals could unlock significant additional value. For investors, the potential for refinancing and a minority India IPO adds another layer of upside. As the renewable fuel sector benefits from favorable policies like 45Z and LCFS, Aemetis' ability to execute on these fronts will be crucial for shareholders and could set a precedent for other companies in the space.
Summary
Aemetis Inc. (NASDAQ: AMTX) reported strong third-quarter 2026 results that reinforced the operating case for its renewable natural gas (RNG) and biofuels assets, according to an updated coverage note from Stonegate Capital Partners. Revenue rose 49% year-over-year to $88.2 million, adjusted EBITDA reached $24.8 million, and the company posted its first quarterly net income of $5.2 million. The results were boosted by an $11.0 million first-half 45Z catch-up, but recurring economics also improved: excluding the catch-up, RNG 45Z revenue was $9.1 million for the quarter after the federal model update lifted the credit to approximately $62/MMBtu. RNG volume increased 39% year-over-year, two digesters entered service in October, and six more LCFS pathways are nearing approval, demonstrating growth from existing output.
Looking ahead, Aemetis has two near-term margin levers at its Keyes facility. The MVR system has all key equipment on site, with construction targeted for completion around March 2027; management maintains an approximately $32 million annual cash-flow opportunity, with natural-gas savings beginning at switchover and most benefits expected in the second half of 2027. The third corn-oil unit, scheduled for December, is expected to roughly double corn-oil output versus the first quarter of 2026. Multiple dated catalysts over the next 12 months include RNG fueling station deliveries to truck fleets beginning in November, California’s year-round E15 implementation slated for January 1, 2027, and EU export approvals for India biodiesel expected in the fourth quarter. Thirteen cleanup and compression units are in hand for the next 13 digesters. Higher 45Z and LCFS economics, along with refinancing and a potential minority India IPO, could drive meaningful margin expansion, cash-flow improvement, and valuation upside. To view the full announcement, including downloadable images, bios, and more, click here.
Source Statement
This curated news summary relied on content distributed by Reportable. Read the original source here, Aemetis Q3 Earnings Surge on RNG Credits, Stonegate Updates Coverage
