Company: AMTX
Filing Date: 2025-05-08
Form Type: 10-Q
Source: 0001437749-25-015301
Chunk: 74

Company: AEMETIS, INC
Filing Date: 2025-05-08
Form: 10-Q
Item: Part I, Item 1F
Chunk 74
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 million respectively, under this agreement.
 
Forward Sale Commitments.  As of  March 31, 2025, we have no forward sale commitments.
 
Natural Gas Purchase Agreement. As of  March 31, 2025, we have a forward purchase agreement in place to buy approximately 3,700 MMBtu of natural gas per day at a fixed price of $3.30 per MMBtu through  October 2025. The Company has elected to apply the normal purchases and normal sales scope exception under ASC 815, hence the natural gas purchased under this agreement is accounted for and included as cost of goods sold in the Company's financial statements. 

13. Segment Information
 
Aemetis recognizes three reportable segments: “California Ethanol,” “California Dairy Renewable Natural Gas,” and “India Biodiesel.”  
 
The “California Ethanol” segment includes the Company’s 65 million gallon per year ethanol plant in Keyes, California, and the adjacent land leased to produce CO₂.
 
The “California Dairy Renewable Natural Gas” segment includes the production and sale of Renewable Natural Gas ("RNG") and associated environmental attributes, consisting of anaerobic digesters located at dairies, a 36-mile biogas collection pipeline, a biogas upgrading hub that produces RNG from the biogas, a pipeline interconnect, and ongoing construction of additional digesters. 
 
The “India Biodiesel” segment includes the Company’s 80 million gallon per year biodiesel production plant in Kakinada, India, and administrative offices in Hyderabad, India.
 
The Company has additional operating segments that were determined not to be separately reportable segments, including our key projects under development which consist of a sustainable aviation fuel and renewable diesel production in Riverbank and Carbon Capture and Underground Sequestration wells in California. Additionally, our corporate offices, Goodland Plant in Kansas, Riverbank Industrial Complex management, and our research and development facility in Minnesota are included in the “All Other” category.
 
The following tables summarize financial information by reportable segment for the three months ended  March 31, 2025 and 2024: 

    For the three months ended March 31, 2025  
   California Ethanol    California Dairy Renewable Natural Gas    India Biodiesel    All Other    Total  
                     
 Revenues  $37,748  $2,443