Company: AMTX
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0001437749-25-025271
Chunk: 41

Company: AEMETIS, INC
Filing Date: 2025-08-07
Form: 10-Q
Item: Part I, Item 1
Chunk 41
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, Compared to Six Months Ended June 30, 2024

Revenues

      2025 

      2024 

      Inc/(dec) 

      % change 

      California Ethanol 
      
     $
     75,036

     $
     76,221

     $
     (1,185
     )

     (1.6
     )%

      California Dairy Renewable Natural Gas 

     5,494

     5,390

     104

     1.9
     %

      India Biodiesel 

     14,599

     57,584

     (42,985
     )

     (74.6
     )%

      Total 
      
     $
     95,129

     $
     139,195

     $
     (44,066
     )

     (31.7
     )%

California Ethanol. For the six months ended June 30, 2025, this segment generated 74% of its revenue from sales of ethanol, and the rest from sales of WDG, corn oil, CDS, and CO₂. During the six months ended June 30, 2025, the Keyes plant sold 27.9 million gallons of ethanol at an average price of $2.00 per gallon and 184 thousand tons of WDG at an average price of $86.00 per ton, compared to sales during the six months ended June 30, 2024, when the Keyes plant sold 28.9 million gallons of ethanol at an average price of $1.89 per gallon and 199 thousand tons of WDG at an average price of $93 per ton. This segment's revenue decreased slightly primarily due to decrease in the quantities sold for ethanol and WDG along with a decrease in the WDG price. 

California Dairy Renewable Natural Gas. During the six months ended June 30, 2025, we sold 177.3 thousand MMBtu ("million British thermal units") of RNG at an average price of $3.11 per MMBtu, compared to the six months ended June 30, 2024, when we sold 148.8 thousand MMBtu of RNG at an average price of $2.94 per MMBtu. During the six months ended June 30, 2025, we sold 1.