EX-99.1 2 ea026498701ex99-1_aleanna.htm PRESS RELEASE ISSUED NOVEMBER 12, 2025

Exhibit 99.1

 

 

AleAnna, Inc. Reports Third Quarter 2025 Results and Provides Update on Longanesi Field

 

AleAnna, Inc. Reports Positive Net Income, EBITDA, EPS and Cash from Operations in Third Quarter 2025

 

Third Quarter 2025 Results and Recent Company Highlights:

 

AleAnna generated $5.3 million of net income and $6.3 million of EBITDA(1) in the third quarter driven by strong production at the Longanesi field generating $11.2 million of revenue in the quarter

 

AleAnna reported basic and diluted net income per share of class A common stock of $0.08 for the quarter ended September 30, 2025

 

AleAnna generated $8.9 million of cash from operations during the third quarter and closed the period with a strong cash position of approximately $31.2 million.

 

DALLAS – November 12, 2025 – AleAnna, Inc. (“AleAnna” or “the Company”) (NASDAQ: ANNA) today announced financial and operational results for the third quarter of 2025. AleAnna reported net income of $5.3 million, or $0.08 per basic and diluted share of class A common stock, representing the Company’s second consecutive profitable quarter.

 

As of September 30, 2025, AleAnna maintained a strong cash position of $31.2 million, supporting ongoing development activity and future strategic initiatives.

 

Financial and Operational Update

 

Following production ramp-up and rate stabilization at the Longanessi field during the second quarter of 2025, the Company recognized $10.6 million in revenue during the third quarter of 2025 from sales of its share of production from the Longanesi field. This is compared to $3.3 million of revenue generated from sales of the Company’s share of production from the Longanesi field during the second quarter of 2025.

 

During the third quarter, AleAnna generated $6.3 million of EBITDA and $8.9 million in cash from operations.

 

During the second quarter, the Company commenced daily production from its Longanesi field, with the ramp-up significantly exceeding expectations in both timing and volume. Production stabilized at approximately 30 million cubic feet per day after approximately six weeks. The stabilized production rate is slightly higher than AleAnna’s budgeted maximum production rate for 2025. All five of Longanesi’s wells are currently contributing to production.

 

 

[1]This is a non-GAAP financial measure. Refer to Non-GAAP Performance Measures and Definitions for further details.

 

 

 

Management Commentary

 

Marco Brun, Chief Executive Officer, remarked on AleAnna’s recent accomplishments: “The third quarter marks a significant milestone for AleAnna as we realized exceptional performance from our Longanesi field generating $5.3 million of net income, $6.3 million of EBITDA(1) and $8.9 million of cash from operations. We are on track to exceed our expectations for the performance of the Longanesi field.

 

In parallel, we continue to deliver on our plan to advance our broader growth strategy across both conventional and renewable natural gas. With a solid balance sheet, positive cash flow, and a growing asset base, we are well-positioned to deliver sustainable value creation for our shareholders.”

 

About AleAnna

 

AleAnna is a technology-driven energy company focused on bringing sustainability and new supplies of low-carbon natural gas and renewable natural gas (“RNG”) to Italy, aligning traditional energy operations with renewable solutions, with developments like the Longanesi field leading the way in supporting a responsible energy transition. With three conventional gas discoveries in Italy already made and fourteen new natural gas exploration projects planned this decade, AleAnna plays a significant role in Italy’s energy transition. Italy’s extensive infrastructure, featuring 33,000 kilometers of gas pipelines, three major gas storage facilities, and a strong base of existing RNG facilities, aligns with AleAnna’s commitment to sustainability. AleAnna’s RNG projects’ portfolio includes three plants under development and almost 100 potential projects. AleAnna operates regional headquarters in Dallas, Texas, and Rome, Italy.

 

Forward-Looking Statements 

 

The information included herein contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Certain statements, other than statements of present or historical fact included herein regarding AleAnna’s future operations, financial position, plans and objectives are forward-looking statements. When used herein, including any statements made in connection herewith, the words “could,” “should,” “will,” “may,” “believe,” “anticipate,” “intend,” “estimate,” “expect,” “project,” and other similar expressions are forward-looking statements. However, not all forward-looking statements contain such identifying words. Forward-looking statements are neither historical facts nor assurances of future performance. Instead, they are based only on AleAnna’s current beliefs, expectations and assumptions regarding the future of its business, future plans and strategies, the economy and other future conditions. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict and many of which are outside of AleAnna’s control. AleAnna’s actual results and financial condition may differ materially from those indicated in the forward-looking statements. Therefore, you should not rely on any of these forward-looking statements, which speak only as of the date made. Important factors that could cause our actual results and financial condition to differ materially from those indicated in the forward-looking statements include, but are not limited to, those under “Item 1A. Risk Factors” in AleAnna’s most recent Annual Report on Form 10-K, any subsequent Quarterly Reports on Form 10-Q, and in other public filings with the SEC, as well as general economic conditions; AleAnna’s need for additional capital; risks associated with the growth of AleAnna’s business; and changes in the regulatory environment in which AleAnna operates. Additional information concerning these and other factors that may impact AleAnna’s expectations and projections can be found in filings it makes with the SEC, and other documents filed or to be filed with the SEC by AleAnna. SEC filings are available on the SEC’s website at www.sec.gov. Except as otherwise required by applicable law, AleAnna disclaims any duty to update any forward-looking statements, all expressly qualified by the statements in this section, to reflect events or circumstances after the date hereof.

 

Investor Relations Contact

 

Ivan Ronald

ironald@aleannagroup.com

 

Website

 

https://www.aleannainc.com/

 

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ALEANNA, INC.

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS (unaudited)

FOR THE THREE AND NINE MONTHS ENDED SEPTEMBER 30, 2025 AND 2024

 

   For the Three Months Ended September 30,   For the Nine Months Ended September 30, 
   2025   2024   2025   2024 
                 
Revenues  $11,224,868   $648,328   $15,899,878   $648,328 
                     
Operating expenses:                    
Cost of revenues  $2,155,189   $538,607   $3,295,105   $538,607 
Lease operating expense   654,092    -    1,748,500    - 
General and administrative   2,071,051    1,497,357    7,185,948    4,473,833 
Depreciation and depletion   582,604    51,311    885,140    51,311 
Accretion of asset retirement obligation   33,318    33,310    98,519    99,930 
Total operating expenses   5,496,254    2,120,585    13,213,212    5,163,681 
                     
Operating income (loss)   5,728,614    (1,472,257)   2,686,666    (4,515,353)
                     
Other income:                    
Interest and other income   146,655    396,200    538,291    1,325,660 
Change in fair value of derivative liability   -    -    -    173,177 
Total other income   146,655    396,200    538,291    1,498,837 
                     
Income (loss) before income taxes   5,875,269    (1,076,057)   3,224,957    (3,016,516)
Income tax expense   (556,592)   -    (600,987)   - 
Net income (loss)   5,318,676    (1,076,057)   2,623,970    (3,016,516)
Deemed dividend to Class 1 Preferred Units redemption value   -    -    -    (155,423,177)
Net loss (income) attributable to noncontrolling interests   (2,004,779)   -    (967,268)   - 
Net income (loss) attributable to Class A Common stockholders or holders of Common Member Units  $3,313,898   $(1,076,057)  $1,656,702   $(158,439,693)
                     
Other comprehensive income (loss)                    
Currency translation adjustment   716,316    2,163,984    4,797,503    1,311,160 
Comprehensive income (loss)   6,034,993    1,087,927    7,421,473    (1,705,356)
Comprehensive loss (income) attributable to noncontrolling interests   (2,729,530)   -    (3,286,011)   - 
Total comprehensive income (loss) attributable to Class A Common stockholders or holders of Common Member Units  $3,305,463   $1,087,927   $4,135,462   $(1,705,356)

 

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ALEANNA, INC.

CONDENSED CONSOLIDATED BALANCE SHEETS

AS OF SEPTEMBER 30, 2025 (unaudited) AND DECEMBER 31, 2024

 

   September 30,
2025
   December 31,
2024
 
ASSETS        
Current Assets:        
Cash and cash equivalents  $31,198,846   $28,330,159 
Restricted cash   1,172,540    - 
Accounts receivable   2,244,447    1,225,297 
Prepaid expenses and other assets   1,901,025    1,666,155 
Total Current Assets   36,516,858    31,221,611 
           
Non-current assets:          
Natural gas and other properties, successful efforts method, net of accumulated depreciation and depletion of $549,572 and $0 respectively   42,352,060    33,979,014 
Renewable natural gas properties, net of accumulated depreciation of $416,395 and $132,094, respectively   10,828,124    9,296,039 
Value-added tax refund receivable   8,530,282    6,845,030 
Operating lease right-of-use assets   1,832,346    1,744,897 
Total Non-current Assets   63,542,812    51,864,980 
Total Assets  $100,059,670   $83,086,591 
           
LIABILITIES AND STOCKOLDERS’ EQUITY          
Current Liabilities:          
Accounts payable and accrued expenses  $7,281,859   $2,204,208 
Income tax payable        - 
Lease liability, short-term   195,973    163,865 
Contingent consideration liability, short-term   10,771,277    - 
Total Current Liabilities   18,249,109    2,368,073 
           
Non-current Liabilities:          
Asset retirement obligation   4,475,851    4,375,919 
Lease liability, long-term   1,634,579    1,579,443 
Contingent consideration liability, long-term   17,366,165    24,994,315 
Total Non-current Liabilities   23,476,595    30,949,677 
Total Liabilities   41,725,704    33,317,750 
           
Commitments and Contingencies (Note 6)          
Stockholders’ Equity:          
Class A Common Stock, par value $0.0001 per share, 150,000,000 shares authorized, 40,659,881 and 40,560,433 shares issued and outstanding as of September 30, 2025 and December 31, 2024   4,066    4,056 
Class C Common Stock, par value $0.0001 per share, 70,000,000 shares authorized, 25,994,400 shares issued and outstanding as of September 30, 2025 and December 31, 2024   2,599    2,599 
Additional paid-in capital   227,866,066    226,722,424 
Accumulated other comprehensive loss   (3,324,618)   (5,803,378)
Accumulated deficit   (189,391,251)   (191,047,953)
Noncontrolling interest   23,177,104    19,891,093 
Total Stockholders’ Equity   58,333,966    49,768,841 
Total Liabilities and Stockholders’ Equity  $100,059,670   $83,086,591 

 

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ALEANNA, INC.

SEGMENT OPERATING RESULTS

AS OF AND FOR THE THREE AND NINE MONTHS ENDED SEPTEMBER 30, 2025 (unaudited)

 

   Three Months Ended
September 30, 2025
 
   Conventional   Renewable   Total 
Revenues  $10,577,395   $647,473   $11,224,868 
                
Less:               
Cost of revenues  $1,348,779   $806,410      
Lease operating expense   654,092    -      
Segment general and administrative   674,287    684,462      
Depreciation and depletion   492,696    89,908      
Accretion of asset retirement obligation   33,318    -      
Segment operating income (loss)  $7,374,224   $(933,307)  $6,440,917 
Reconciling items:               
Less: Corporate general and administrative            $712,302 
Interest and other income             146,655 
Income before income taxes            $5,875,269 
                
Segment assets  $64,906,177   $15,666,120   $80,572,297 
Corporate and other assets             19,487,373 
Total assets            $100,059,670 

 

   Nine Months Ended
September 30, 2025
 
   Conventional   Renewable   Total 
Revenues  $13,893,184   $2,006,695   $15,899,878 
                
Less:               
Cost of revenues  $1,348,779   $1,946,326      
Lease operating expense   1,748,500    -      
Segment general and administrative   2,544,156    1,048,022      
Depreciation and depletion   628,150    256,989      
Accretion of asset retirement obligation   98,519    -      
Segment operating income (loss)  $7,525,079   $(1,244,643)  $6,280,435 
Reconciling items:               
Less: Corporate general and administrative            $3,593,769 
Interest and other income             538,291 
Income (loss) before income taxes            $3,224,957 
                
Segment assets  $64,906,177   $15,666,120   $80,572,297 
Corporate and other assets             19,487,373 
Total assets            $100,059,670 

 

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ALEANNA, INC.

NON-GAAP MEASURES

 

Non-GAAP Performance Measures and Definitions

 

In addition to amounts presented in accordance with generally accepted accounting principles in the United States of America (“GAAP”), we also present certain supplemental non-GAAP performance measures. We believe that the presentation of non-GAAP financial measures provides both management and investors with a greater understanding of The Company’s operating results and trends in addition to the results measured in accordance with GAAP and provides greater comparability across time periods. These measures are not to be considered more relevant or accurate than the measures presented in accordance with GAAP. The non-GAAP financial measures do not have any standardized meaning and are therefore unlikely to be comparable to similarly titled measures used by other companies. In compliance with the requirements of the SEC, our non-GAAP measures are reconciled to net income, the most directly comparable GAAP performance measure. For all non-GAAP measures, neither the SEC nor any other regulatory body has passed judgment on these non-GAAP measures.

 

EBITDA

 

EBITDA is a non-GAAP financial measure of earnings before interest expense, taxes, depreciation, depletion and amortization. The purpose of presenting EBITDA is to highlight earnings without finance, taxes, and depreciation, depletion and amortization expense, and its use is limited to specialized analysis. We present EBITDA because we believe it provides useful additional information to investors for specialized analysis of our performance across reporting periods on a consistent basis by excluding items that we do not believe are indicative of our core operating performance.

 

The following table presents a reconciliation of EBITDA to net income for the three months ended September 30, 2025 and for the nine months ended September 30, 2025:

 

   Three Months Ended   Nine Months Ended 
   September 30,
2025
   September 30,
2025
 
Net Income  $5,318,676   $2,623,970 
Plus (minus):          
Interest   (146,655)   (538,291)
Tax expense   556,592    600,987 
Depreciation, depletion and amortization   582,604    885,140 
EBITDA  $6,311,218   $3,571,806 

 

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