AleAnna (ANNA) Q2 2026 earnings summary

Executive summary

• Achieved strong revenue and net income growth driven by full-period production from the Longanesi field and continued electricity sales from renewable assets.

• Achieved net income of $3.8 million and Adjusted EBITDA of $4.1 million for Q2 2026, marking the fifth consecutive quarter of positive results.

• Maintained a strong cash position of $32.6 million, supporting ongoing development and strategic initiatives.

• Construction commenced at the Gradizza field, marking a strategic milestone for future production and the first wholly owned production asset.

• Continued investment in permanent infrastructure at Longanesi to support long-term operations.

Financial highlights

• Revenue for Q2 2026 was $10.2M, up 153% year-over-year; six-month revenue was $19.6M, up 318%.

• Net income for Q2 2026 was $3.8M, up from $0.6M in Q2 2025; six-month net income attributable to common stockholders was $4.4M.

• Operating income for Q2 was $1.9M, up 228% year-over-year; six-month operating income was $5.6M.

• Adjusted EBITDA for Q2 was $4.1M, up from $0.8M in 2025; six-month Adjusted EBITDA was $8.4M.

• Cash and cash equivalents at June 30, 2026 were $32.6M; operating cash flow for six months was $7.1M.

Outlook and guidance

• Management expects existing cash and operating cash flows to support growth and operating expenses for at least the next 12 months.

• Permanent Longanesi facility construction to continue through 2026 and early 2027.

• Gradizza field development commenced, expected to become the first wholly owned and operated production asset, supporting long-term growth.

• Exploring additional financing options, including resource-backed loans and project financing.

• Company aims to increase exposure to operated assets and contribute to Italy's energy security through domestic natural gas production.