Aemetis, Inc. reported substantial growth in its financial performance for the third quarter of 2026, as detailed in a recent SEC filing. The company announced a net income of $5.2 million and a revenue increase of 49% compared to the same period last year. This significant growth is attributed to strong execution in its renewable natural gas and ethanol segments, positioning Aemetis favorably within the industrial organic chemicals sector.

On November 5, 2026, Aemetis released its earnings for the three and nine months ending September 30, 2026. The results were shared in a press release, which is included as Exhibit 99.1 in the filing. The reported revenues reached $88.2 million, marking an increase of $29 million from the previous year’s third quarter. The company also highlighted a 39% growth in sales volume for its Aemetis Biogas RNG, reaching 158,200 MMBtu.

The filing indicates that the company’s operating income improved significantly to $20.9 million, up by $29.4 million compared to the same quarter in 2025. Adjusted EBITDA also saw a remarkable increase, reaching $24.8 million, which is $29.8 million higher than the previous year. Aemetis attributed part of this success to the Section 45Z production tax credit income, amounting to $24.7 million, which included a cumulative true-up of approximately $11 million following updates from the U.S. Department of Energy.

Aemetis’ CEO, Eric McAfee, expressed optimism about the company’s trajectory, stating, “We are pleased to report third quarter net income of $5.2 million and the continued growth of Aemetis Biogas production, supported by the updated calculation of emission rates under 45Z.” The company is also expanding its operational capabilities, with two new dairy digesters that began operation in October 2026, bringing the total to 14 digesters receiving waste from 17 dairies.

Looking ahead, Aemetis is focused on improving cash flow from its California Ethanol segment through the expansion of corn oil production and the ongoing construction of a mechanical vapor recompression system at its Keyes ethanol plant. This project aims to replace approximately 80% of the fossil natural gas used at the plant with electricity.

The filing does not specify what happens next, but the company is scheduled to host an earnings review call at 11:00 a.m. Pacific time today, where further insights into their financial performance and future strategies may be discussed.