AleAnna, Inc. reports positive Adjusted EBITDA([1]) and net income for the fifth consecutive quarter
DALLAS, Aug. 13, 2026 (GLOBE NEWSWIRE) -- AleAnna, Inc. ("AleAnna" or "the Company") $(ANNA)$ today announced financial and operational results for the second quarter of 2026. AleAnna reported net income of $3.8 million and Adjusted EBITDA([1]) of $4.1 million. AleAnna closed the period with a strong cash position of $32.6 million, supporting ongoing development activity and future strategic initiatives.
Financial and Operational Update
Following production ramp-up and stabilization at the Longanesi field during 2025, the Company recognized approximately $9.5 million of Conventional segment revenue during the second quarter of 2026 from sales of its share of production from the Longanesi field.
In the second quarter of 2026, the Company reported net income of $3.8 million and Adjusted EBITDA([) (1]) of $4.1 million, compared to approximately $0.6 million and $0.8 million, respectively, in the same period of 2025.
During the first quarter of 2026, the Company announced significant increases in Proved Reserves Volumes in its year-end 2025 Third-Party Reserves Report from DeGolyer and MacNaughton, which reported an increase of Total Proved Reserves by 47% as compared to year-end 2024 after adjusting for 2025 production volumes.
Longanesi production and development
The Company successfully commenced production from its Longanesi field during 2025. In the first six months of 2026, the field has continued to perform strongly, delivering solid production volumes and consistent operational performance.
During the six months ended June 30, 2026 construction activities continued on the permanent production facility for the Longanesi concession, which is being developed together with the joint venture partner and operator. The transition from the existing temporary production facilities to permanent production infrastructure represents an important milestone in the maturation of the concession and is expected to support its long-term development. Upon completion, the permanent facility is expected to improve production operations and provide a stronger foundation for the continued development of one of the Company's core assets.
Gradizza development
During the second quarter of 2026, AleAnna commenced construction activities at the Gradizza field development project, representing a significant milestone in the advancement of our Italian conventional natural gas portfolio. Gradizza is expected to become AleAnna's first wholly owned and operated production asset and reflects our strategy of increasing exposure to operated assets with long-term production potential. The commencement of construction follows the completion of key permitting and development activities, marking the transition of the project from the planning and authorization phase into execution. We believe the advancement of Gradizza further strengthens the portfolio of producing and development-stage assets and supports our objective of creating long-term value through the development of strategically positioned domestic natural gas resources.
Management Commentary
Marco Brun, Chief Executive Officer, commented on AleAnna's recent accomplishments: "We continued to deliver strong financial results, generating approximately $4.1 million of Adjusted EBITDA(1), primarily driven by production from the Longanesi field. Since commencing production last year, Longanesi has continued to perform well, and the field remains on track to outperform our initial expectations.
At the same time, we continue to execute on our broader growth strategy. With a solid balance sheet, positive cash flow, and a growing asset base, we believe AleAnna is well-positioned to deliver sustainable long-term value for our shareholders. In the current energy environment, we also believe the Company is uniquely positioned to contribute to Italy's energy security through increased domestic natural gas production while creating meaningful value for our stakeholders."
About AleAnna
AleAnna is a technology-driven energy company, focused on growing gas production in Italy and helping drive Italy's energy future. Further details can be found on our website at www.aleannainc.com/AboutAleAnna.
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, production, financial position, plans and objectives are forward-looking statements. 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. A list and descriptions of these risks, uncertainties and other factors can be found in AleAnna's most recent Annual Report on Form 10-K, including in the sections captioned "Cautionary Note Regarding Forward-Looking Statements" and "Item 1A. Risk Factors," and in AleAnna's subsequent Quarterly Reports on Form 10-Q and other filings with the Securities Exchange Commission ("SEC"). 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/
([1]) This is a non-GAAP financial measure. Refer to Non-GAAP Performance Measures and Definitions for further details.
ALEANNA, INC.
CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE
INCOME (LOSS) (UNAUDITED)
For the Three Months For the Six Months Ended
Ended June 30, June 30,
2026 2025 2026 2025
Revenues $10,215,119 $ 4,030,410 $19,558,636 $ 4,675,010
---------- ---------- ---------- ----------
Operating expenses
(income):
Cost of revenues 1,467,135 301,521 3,018,130 1,139,916
Lease operating
expense 1,828,081 1,094,407 3,143,185 1,094,407
General and
administrative 4,062,501 1,790,053 6,278,074 5,114,898
Depreciation and
depletion 881,978 229,430 2,060,430 302,536
Accretion and
remeasurement
of asset
retirement
obligation 62,151 31,696 (551,537) 65,201
Total operating
expenses 8,301,846 3,447,107 13,948,282 7,716,958
---------- ---------- ---------- ----------
Operating income
(loss) 1,913,273 583,303 5,610,354 (3,041,948)
Other income:
Interest and
other income 148,439 154,031 288,276 391,636
Total other
income 148,439 154,031 288,276 391,636
---------- ---------- ---------- ----------
Income (loss)
before income
taxes 2,061,712 737,334 5,898,630 (2,650,312)
Income tax
benefit
(expense) 1,737,236 (92,671) 1,299,839 (44,395)
Net income
(loss) 3,798,948 644,663 7,198,469 (2,694,707)
Net (income)
loss
attributable
to
noncontrolling
interests (1,441,359) (295,720) (2,767,011) 1,037,511
Net income
(loss)
attributable
to Class A
Common
stockholders $ 2,357,589 $ 348,943 $ 4,431,458 $(1,657,196)
========== ========== ========== ==========
Other comprehensive
(loss) income
Currency
translation
adjustment $ (310,197) $ 2,941,883 $(1,381,850) $ 4,081,186
Comprehensive
income 3,488,751 3,586,547 5,816,619 1,386,480
Comprehensive
(income)
attributable
to
noncontrolling
interests (1,320,206) (1,444,733) (2,227,301) (556,481)
Total comprehensive
income
attributable to
Class A Common
stockholders $ 2,168,545 $ 2,141,814 $ 3,589,318 $ 829,999
========== ========== ========== ==========
Weighted average
shares of Class
A Common Stock
outstanding,
basic and
diluted 40,901,518 40,615,773 40,781,367 40,596,209
Net income
(loss) per
share of Class
A Common Stock,
basic and
diluted $ 0.06 $ 0.01 $ 0.11 $ (0.04)
ALEANNA, INC.
CONSOLIDATED BALANCE SHEETS (UNAUDITED)
June 30, 2026 December 31, 2025
ASSETS
Current Assets:
Cash and cash equivalents $ 32,619,509 $ 31,826,830
Restricted cash 1,266,155 1,304,129
Accounts receivable 4,656,969 1,959,001
Prepaid expenses and other
assets 3,148,864 1,528,622
Total Current Assets 41,691,497 36,618,582
Non-current assets:
Natural gas and other
properties, successful
efforts method, net of
accumulated depreciation and
depletion of $4,237,638 and
$2,932,984, respectively 44,207,283 42,553,580
Renewable natural gas
properties, net of
accumulated depreciation of
$677,324 and $508,583,
Comments