Company: AMTX
Filing Date: 2025-05-08
Form Type: 10-Q
Source: 0001437749-25-015301
Chunk: 35

Company: AEMETIS, INC
Filing Date: 2025-05-08
Form: 10-Q
Item: Part I, Item 1
Chunk 35
---
.8
     )%

      Total 
      
     $
     42,886

     $
     72,634

     $
     (29,748
     )

     (41.0
     )%

California Ethanol. For the three months ended March 31, 2025, this segment generated 74% of its revenue from sales of ethanol, 21% from sales of WDG, and 5% from sales of corn oil, CDS, CO₂, and other sales. During the three months ended March 31, 2025, the Keyes plant sold 14.1 million gallons of ethanol at an average price of $1.98 per gallon and 93 thousand tons of WDG at an average price of $86.00 per ton, compared to sales during the three months ended March 31, 2024, when the Keyes plant sold 14.1 million gallons of ethanol at an average price of $1.79 per gallon and 94 thousand tons of WDG at an average price of $98.00 per ton. Overall revenue increased by 4.6% primarily due to increase in the average ethanol sales price. 

California Dairy Renewable Natural Gas. During the three months ended March 31, 2025, we sold 70.9 thousand MMBtu ("million British thermal units") of RNG at an average price of $3.65 per MMBtu, compared to the three months ended March 31, 2024, when we sold 60.8 thousand MMBtu of RNG at an average price of $4.02 per MMBtu. During the three months ended March 31, 2025 we sold 388 thousand D3 RINs at an average price of $2.64 per D3 RIN, compared to the three months ended March 31, 2024, when we sold 766 thousand D3 RINs at an average price of $3.08 per RIN. We have been generating LCFS credits associated with the RNG sales based on the default carbon intensity (CI) of negative 150 while our individual dairy CI pathways are waiting for approval from the California Air Resources Board ("CARB"). During the period ended March 31, 2025 we sold 16.0 thousand LCFS credits at an average price of $72.50 each, compared to 18.0 thousand metric tons of