10-Q · May 14, 2026
AleAnna, Inc. demonstrated impressive growth in Q1 2026 with revenues soaring to approximately $9.34 million, a staggering increase of 1,350% from $644,600 in Q1 2025, primarily driven by production from the Longanesi…
Earnings analysis · 10-Q
ANNA earnings analysis
Filed August 13, 2026 · Our reading of the company's report
The latest report
AleAnna delivered strong Q2 2026 operating momentum, with revenue of $10.2 million versus $4.0 million a year earlier and diluted EPS of $0.06 versus $0.01. Longanesi production was the primary stated growth driver, and…
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AleAnna delivered strong Q2 2026 operating momentum, with revenue of $10.2 million versus $4.0 million a year earlier and diluted EPS of $0.06 versus $0.01. Longanesi production was the primary stated growth driver, and cash was $32.6 million. However, disclosure controls remained ineffective as of June 30, 2026, with previously identified material weaknesses still unresolved; the 10-Q provided no quantitative forward guidance.
Gross and operating margin
How much of each revenue dollar the business keeps.
One point per quarterly or annual filing. Both margins are shares of that report's revenue.
How we read each report
Our analysis across the last few reports.
Our model's reading of each filing, not the share price or the market's reaction. Annual and quarterly reports each occupy one position.
Reported figures
- Earnings per share
- $0.06
- Segment
- Longanesi: management identified production as the primary driver of revenue; exact segment revenue was not disclosed in the provided filing text.
What stood out
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Revenue more than doubled year over year
Q2 2026 revenue was $10.2 million versus $4.0 million in Q2 2025, an increase of approximately 155%. Revenue also increased from $9.0 million in Q1 2026.
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EPS improved year over year and sequentially
Diluted EPS was $0.06 in Q2 2026 versus $0.01 in Q2 2025 and $0.05 in Q1 2026, improving by $0.05 year over year and $0.01 sequentially.
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Longanesi production drove growth
Management attributed the revenue increase primarily to Longanesi production. The provided filing materials do not disclose a separate quantitative Longanesi revenue figure.
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Cash balance remained substantial
Cash was $32.6 million at quarter-end, providing a disclosed liquidity position of $32.6 million.
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Control remediation continued
During the quarter, the company expanded its finance organization and enhanced accounting and financial-reporting capabilities as part of its remediation plan.
What to watch
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Material control weaknesses remain
Management concluded that disclosure controls and procedures were not effective as of June 30, 2026 because of previously identified material weaknesses in internal control over financial reporting.
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Remediation has not yet resolved weaknesses
Management stated that remediation activities during the quarter did not result in a material change to internal control over financial reporting as of June 30, 2026.
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No formal risk-factor update
The company stated that there were no material changes to the risk factors disclosed in its Annual Report on Form 10-K for the year ended December 31, 2025; therefore, the existing 2025 risk profile remains applicable.
Management's outlook
No forward revenue or EPS guidance, or change versus prior outlook, was disclosed in the provided 10-Q text.
Earlier filings 4
10-K · March 31, 2026
AleAnna describes a dual strategy of onshore conventional natural gas exploration/development and renewable natural gas (RNG) development focused in Italy, with a 33.5% working interest in the Longanesi field and first…
10-Q · August 14, 2025
AleAnna reported first-quarter-of-production revenue recognition in Q2 2025 with revenues of $4,030,410 and operating income of $583,303, producing reported EPS of $0.01 (basic and diluted). Cash and cash equivalents…
10-Q · November 13, 2024
Swiftmerge Acquisition Corp. (a SPAC) reported a three-month net loss of $77,178 for the period ended September 30, 2024 (vs. net income $347,967 in the prior-year quarter) and a nine-month net loss of $523,757 (vs.…
This is our reading of a public filing, not the filing itself. Analysis can contain errors; check the source document for full context.