Aemetis, Inc. operates as a renewable natural gas and renewable fuels company in North America and India. It operates through three segments: California Ethanol, Dairy Renewable Natural Gas, and India Biodiesel. The company focuses on the acquisition, development, and commercialization of negative carbon intensity products and technologies that replace traditional petroleum-based products. It sells biodiesel primarily to government oil marketing companies, transport companies, resellers, distributors, and private refiners through its own sales force and independent sales agents, as well as to brokers who resell the product to end-users. The company also produces and sells ethanol; and wet distillers grains, distillers corn oil, and condensed distillers solubles to dairies and feedlots as animal feed. In addition, it produces dairy biogas; produces and sells high-grade alcohol and various feed products, as well as hand sanitizers; and researches and develops conversion technologies using waste feedstocks to produce biofuels and biochemicals. The company was formerly known as AE Biofuels, Inc. and changed its name to Aemetis, Inc. in November 2011. Aemetis, Inc. was founded in 2005 and is headquartered in Cupertino, California.
Stonegate Capital Partners Updates Coverage on Aemetis Inc. (AMTX) 2Q26
Aemetis reported 2Q26 revenue of $62.7M, up 20% year-over-year, with adjusted EBITDA swinging to a positive $9.7M driven by 45Z recognition and higher RNG production.
Dairy RNG sales volume increased 38% YoY to 146,900 MMBtu, and the Keyes plant's MVR is targeted for operation by year-end 2026 to generate an estimated $32M in annual value.
Despite the operational inflection, the balance sheet remains a critical constraint with only $1.0M of unrestricted cash against $415.9M in total debt.