NASDAQ$AMTX
Aemetis Inc · Q2 2022 earnings
Q2 2022 earnings · · Investor relations
Briefing
Reported a 20% increase in revenue compared to Q2 2021, driven by higher ethanol prices, while facing increased costs for corn and investments in carbon reduction projects.
Aemetis reported a 20% increase in revenue for Q2 2022 compared to Q2 2021, reaching $65.9 million. The increase was driven by higher ethanol prices, but the company faced increased costs for delivered corn. The company reported a net loss of $209,000, improved from a net loss of $10.6 million in Q2 2021. Capital investments in carbon reduction projects totaled $12.1 million for the quarter.
- Revenue increased by 20% to $65.9 million compared to Q2 2021, driven by higher ethanol prices.
- Gross loss was $214,000, compared to a $3.6 million gross profit in Q2 2021, primarily due to increased corn prices.
- Operating loss was $7.7 million, compared to an operating loss of $2.1 million in Q2 2021.
- Net loss improved to $209,000 compared to a net loss of $10.6 million in Q2 2021, including a $14.2 million grant from the USDA.
Headline financials
Revenue & EPS history
Aemetis · Revenue · Quarterly
$65.9M
Revenue by segment
Aemetis · $42.8M total across 1 segment · Q1 2021
- California Ethanol$42.8M+74.8%100.0%
Forward guidance
Aemetis is focused on executing its Five-Year Plan, which includes projects that produce negative carbon intensity products and grow value for shareholders.
Tailwinds
- Launched operational management of the Riverbank Industrial Complex for SAF and renewable diesel plant.
- Purchased 24 acres for carbon capture and sequestration injection well at the Riverbank site.
- Signed $3.5 billion in off-take agreements for SAF with major airlines.
- Signed $3.2 billion in off-take contracts for renewable diesel with a leading travel stop chain.
- Closed two low-interest rate credit facilities for up to $100 million for carbon reduction projects.
Headwinds
- Poor railroad performance impacted the delivered cost and supply of corn into California.
- Gross loss reported for the quarter due to increased corn prices.
- Operating loss reported for the quarter.
- Interest expense increased compared to the same quarter last year.
- Selling, general, and administrative expenses increased due to investments in ultra-low carbon initiatives.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q2 2022
-3.5%
Avg return
Earnings day
-3.2%
Avg return
5 days after
-2.6%
Avg return
30 days after
32%
20 / 62 earnings
Positive
+29.3%
Q4 2020
Best reaction
-37.5%
Q2 2010
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | -4.0% | -30.2% | -30.6% | |
| Q4 2025 | +25.5% | +77.3% | +47.4% | |
| Q3 2025 | -13.2% | +4.9% | -26.2% | |
| Q1 2025 | +7.1% | +16.2% | +50.0% | |
| Q4 2024 | -6.1% | +11.3% | -9.3% | |
| Q3 2024 | +15.0% | +6.7% | -15.0% | |
| Q2 2024 | -22.4% | -17.8% | -23.4% | |
| Q1 2024 | -3.4% | -1.4% | -25.1% | |
| Q4 2023 | +1.2% | -3.0% | +57.2% | |
| Q3 2023 | -1.3% | +0.2% | -0.7% | |
| Q2 2023 | +9.5% | +4.8% | -28.3% | |
| Q1 2023 | -13.8% | -11.1% | +126.7% | |
| Q4 2022 | -23.6% | -21.3% | -42.1% | |
| Q3 2022 | -0.6% | -7.6% | -19.3% | |
| Q2 2022 | +29.2% | +29.1% | +6.7% | |
| Q1 2022 | +9.3% | +17.1% | +4.3% | |
| Q4 2021 | -7.2% | -27.1% | -18.6% | |
| Q3 2021 | +3.3% | -4.0% | -14.9% | |
| Q2 2021 | +4.0% | -6.0% | +40.4% | |
| Q1 2021 | -27.5% | -18.2% | +13.8% | |
| Q4 2020 | +29.3% | +14.3% | +62.0% | |
| Q3 2020 | -36.7% | -36.1% | -35.5% | |
| Q2 2020 | -26.6% | -8.4% | -36.2% | |
| Q1 2020 | +6.9% | +11.4% | +15.0% | |
| Q4 2019 | -8.1% | -30.9% | -15.5% | |
| Q3 2019 | -2.9% | -7.8% | -1.9% | |
| Q2 2019 | -4.1% | -6.3% | -17.3% | |
| Q1 2019 | -14.6% | -10.8% | -32.3% | |
| Q4 2018 | -0.3% | -5.9% | -7.1% | |
| Q3 2018 | -4.0% | -5.9% | -25.6% | |
| Q2 2018 | -8.1% | -7.4% | -10.3% | |
| Q1 2018 | -0.5% | -2.7% | -20.7% | |
| Q4 2017 | -21.5% | -17.0% | -11.0% | |
| Q3 2017 | -3.9% | -8.9% | -12.6% | |
| Q2 2017 | +2.6% | +0.7% | -21.1% | |
| Q1 2017 | -8.8% | -11.6% | +6.1% | |
| Q4 2016 | -0.8% | +0.0% | +0.7% | |
| Q3 2016 | +11.8% | +0.6% | +0.2% | |
| Q2 2016 | +0.0% | -12.4% | -30.6% | |
| Q1 2016 | +6.2% | — | — | |
| Q4 2015 | -5.6% | — | — | |
| Q3 2015 | +2.3% | — | — | |
| Q2 2015 | -1.5% | — | — | |
| Q1 2015 | -8.0% | — | — | |
| Q4 2014 | -9.4% | — | — | |
| Q3 2014 | -14.3% | — | — | |
| Q2 2014 | -14.7% | — | — | |
| Q1 2014 | +23.7% | — | — | |
| Q4 2013 | +10.5% | — | — | |
| Q3 2013 | -20.0% | — | — | |
| Q2 2013 | -7.4% | — | — | |
| Q1 2013 | -6.1% | — | — | |
| Q4 2012 | -6.1% | — | — | |
| Q3 2011 | -5.8% | — | — | |
| Q2 2012 | -12.5% | — | — | |
| Q3 2012 | -12.5% | — | — | |
| Q2 2011 | +12.5% | — | — | |
| Q1 2011 | -7.7% | — | — | |
| Q4 2010 | +7.1% | — | — | |
| Q3 2010 | +1.0% | — | — | |
| Q2 2010 | -37.5% | — | — | |
| Q1 2010 | +0.0% | — | — |
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