Ameresco Reports Q1 2026 Results; Announces Neogenyx Fuels Joint Venture
Ameresco's Q1 2026 revenue reached $401.5 million, surpassing analyst expectations by nearly 10%. Despite a net loss of $18.3 million, the company announced a strategic joint venture in biofuels valued at $1.8 billion, positioning itself for growth amidst operational challenges.
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Ameresco Inc. reported total revenues of $401.5 million for Q1 2026, a 14% increase year-over-year, driven by strong project performance. The company experienced a net loss of $18.3 million, or $(0.35) per diluted share, attributed to adverse weather conditions impacting renewable natural gas facilities.
Notably, Ameresco announced the formation of Neogenyx Fuels, a $400 million joint venture with Hatteras Asset Sustainability & Infrastructure, expected to accelerate growth in the biofuels sector. The joint venture will be 70% owned by Ameresco, highlighting a valuation of $1.8 billion.
The company's energy asset portfolio reached 839 MWe capacity, with strong visibility into future revenues from a backlog of $5.3 billion. Despite operational challenges, Ameresco's strategic initiatives in biofuels could enhance its market position.
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