Quarterly ResultMay 14, 2026, 04:38 PM
AleAnna Q1 Revenue Jumps to $9.34M; Swings to $2.07M Net Income
AI Summary
AleAnna, Inc. reported a significant financial turnaround for the first quarter ended March 31, 2026, with total revenues surging to $9.34 million, a substantial increase from $0.64 million in the prior year. This growth was primarily driven by the conventional natural gas segment, particularly the Longanesi field, which commenced production in Q2 2025. The company swung from a net loss of $2.01 million in Q1 2025 to a net income of $2.07 million attributable to Class A Common stockholders, with basic and diluted EPS reaching $0.05. Additionally, AleAnna generated positive net cash from operating activities, totaling $2.90 million, compared to cash used in operations in the previous year.
Key Highlights
- Total revenue increased by 1349% to $9.34 million for Q1 2026, up from $0.64 million in Q1 2025.
- Net income attributable to Class A Common stockholders was $2.07 million, a swing from a $2.01 million loss in Q1 2025.
- Basic and diluted EPS was $0.05 for Q1 2026, compared to $(0.05) in the prior year period.
- Conventional segment revenue reached $8.92 million in Q1 2026, up from $0 in Q1 2025 due to Longanesi field production.
- Net cash provided by operating activities was $2.90 million, a significant turnaround from $1.86 million used in Q1 2025.
- Asset Retirement Obligation decreased by $1.56 million due to updated cost and timing estimates.
- Total Stockholders' Equity increased to $60.71 million as of March 31, 2026, from $58.68 million at December 31, 2025.