AleAnna, Inc.
- Open
- 2.84
- Day high
- 2.93
- Day low
- 2.79
- Prev close
- 2.84
- Volume
- 93K
- Mkt cap
- $119M
- P/E (TTM)
- 20.0
- EPS (TTM)
- $0.14
- P/B
- 3.2
- P/S
- 3.5
- Yield
- —
- Per share
- —
AleAnna, Inc. (ANNA) is a Energy company listed on NASDAQ. The stock is down 54% over the past year.
AleAnna, Inc. (ANNA) financials & analyst ratings
Fundamentals (TTM)
Source: exchange market data + company filings. Figures are trailing-twelve-month or as most recently reported. For informational purposes only — not investment advice.
ANNA earnings date, history & EPS estimates
| Report date | EPS est | EPS actual | Surprise | Revenue | Rev. surprise |
|---|---|---|---|---|---|
| May 14, 2026 | — | $0.05 | — | $9M | — |
| Nov 12, 2025 | — | $0.08 | — | $11M | — |
| Aug 14, 2025 | — | $0.01 | — | $4M | — |
| May 15, 2025 | — | $-0.05 | — | $644600 | — |
| Mar 31, 2025 | — | $-0.22 | — | $771702 | — |
| Aug 29, 2024 | — | $-0.01 | — | — | — |
| May 20, 2024 | — | $-0.02 | — | — | — |
| Nov 22, 2023 | — | $-0.03 | — | — | — |
| Sep 20, 2023 | — | $-0.04 | — | — | — |
| May 18, 2023 | — | $-0.02 | — | — | — |
ANNA insider trading activity (SEC Form 4)
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| Apr 15, 2026 | Palmer Duncandirector | Grant | 38,549 | — |
| Apr 15, 2026 | Brun Marcoofficer: Chief Executive Officer | Option | 98,646 | — |
| Apr 15, 2026 | Brun Marcoofficer: Chief Executive Officer | Grant | 119,932 | — |
| Apr 15, 2026 | HEBERT CURTIS L JRdirector | Grant | 38,549 | — |
| Apr 15, 2026 | vant Hoff Grahamdirector | Grant | 46,809 | — |
| Apr 15, 2026 | Ronald Ivan Edwardofficer: Chief Financial Officer | Grant | 110,954 | — |
| Apr 15, 2026 | Dirks William K.director | Grant | 21,617 | — |
| Mar 6, 2026 | WILDER C JOHN10 percent owner | Sell | 77,588 | $4.13 |
| Mar 6, 2026 | WILDER C JOHN10 percent owner | Sell | 34,595 | $3.34 |
| Mar 6, 2026 | WILDER C JOHN10 percent owner | Sell | 62,156 | $3.71 |
| Mar 6, 2026 | WILDER C JOHN10 percent owner | Sell | 4,672 | $4.86 |
| Mar 4, 2026 | WILDER C JOHN10 percent owner | Sell | 26,675 | $4.09 |
| Mar 4, 2026 | WILDER C JOHN10 percent owner | Sell | 33,176 | $3.36 |
| Mar 4, 2026 | WILDER C JOHN10 percent owner | Sell | 22,224 | $3.41 |
| Mar 4, 2026 | WILDER C JOHN10 percent owner | Sell | 64,698 | $3.69 |
Source: ANNA SEC Form 4 filings, latest Apr 15, 2026. For informational purposes only — not investment advice.
See the full ANNA insider & 13F page →AleAnna, Inc. company profile
Overview
AleAnna, Inc. (NASDAQ:ANNA) is a natural gas resource company founded in 2007 and headquartered in Dallas, Texas. The company went public in February 2022 and focuses on delivering natural gas supplies primarily in Italy through onshore conventional natural gas exploration and renewable natural gas development. Despite being founded over 15 years ago, AleAnna remains in the early stages of commercial operations, having generated minimal revenue while building its asset base and operational capabilities in the European energy market.
Business
AleAnna operates in the oil and gas exploration and production industry, specifically focusing on natural gas resources. The company's business is built around two main segments: 1. Onshore Conventional Natural Gas Exploration: This involves the traditional process of locating, drilling, and extracting natural gas from underground reservoirs using established geological and engineering techniques. Conventional natural gas is found in permeable rock formations where gas can flow relatively easily to wellbores. The company's operations are concentrated in Italy, where it holds exploration rights and develops gas fields. 2. Renewable Natural Gas Development: Also known as biomethane or biogas, renewable natural gas is produced from organic waste materials such as agricultural residues, food waste, and sewage through anaerobic digestion processes. This segment represents a growing area of the energy industry as governments and companies seek cleaner alternatives to fossil fuels while maintaining compatibility with existing natural gas infrastructure. The natural gas industry serves as a critical component of the global energy supply chain, providing fuel for electricity generation, heating, industrial processes, and increasingly as a transitional fuel in the shift toward renewable energy. Natural gas is considered cleaner-burning than coal or oil, producing fewer carbon emissions per unit of energy generated. Based on the company's financial data, revenue generation has been minimal, with total 2024 revenue of approximately $1.4 million, suggesting the company is still in early-stage development rather than full commercial production.
Revenue model
AleAnna's business model centers on natural gas production and sales, where revenue is generated by extracting natural gas from owned or leased properties and selling it to distributors, utilities, or directly to industrial customers. The company's paying customers include natural gas distributors, utility companies, and potentially large industrial users who require natural gas for their operations. The company's revenue streams come from: 1. Conventional natural gas sales from its Italian operations 2. Renewable natural gas sales from biogas production facilities 3. Potential future revenue from additional exploration and development projects Several factors significantly impact the company's profitability and margins: Margin-enhancing factors include rising natural gas prices driven by geopolitical tensions, increased demand for cleaner energy sources, and European Union policies favoring renewable energy development. Italy's strategic location and energy import dependence create opportunities for domestic production. Government incentives for renewable natural gas development can also improve project economics. Margin-pressuring factors include volatile commodity prices, high capital requirements for exploration and development, regulatory compliance costs in the European market, competition from established energy companies, and the substantial operational expenses associated with maintaining production facilities. The company's current financial performance shows significant losses, with 2024 net income of negative $12.4 million against revenue of only $1.4 million, indicating substantial operational challenges and high fixed costs relative to current production levels.
Competitive moat
AleAnna's competitive moat appears relatively weak at this stage of development. The company's potential moat elements include: Geographic positioning: Operating in Italy provides access to a large European natural gas market with strong demand and limited domestic production, creating potential for premium pricing due to reduced transportation costs compared to imported gas. Regulatory advantages: The European Union's push for energy independence and renewable energy sources may provide preferential treatment for domestic renewable natural gas production, potentially creating regulatory barriers for competitors. Asset control: Ownership or long-term leases on natural gas reserves and renewable feedstock sources could provide some competitive protection, though this advantage is limited by the availability of alternative suppliers and technologies. However, the company faces significant competitive threats from established energy giants with superior capital resources, technical expertise, and market relationships. Renewable energy alternatives like solar and wind power continue to become more cost-competitive, potentially reducing long-term demand for natural gas. Large-scale LNG imports from major producers can undercut local production economics. Additionally, the company's small scale and limited operational track record make it vulnerable to well-funded competitors who can acquire similar assets or develop competing projects. The natural gas industry generally has low switching costs for customers, limiting pricing power once initial contracts expire.
Risks & safety
AleAnna presents significant financial risk with limited margin of safety for investors: • Cash burn and solvency: The company burned $40 million in free cash flow during 2024 while generating only $1.4 million in revenue. With $28.3 million in cash and short-term investments as of Q4 2024, the current burn rate suggests less than one year of runway at current spending levels. • Debt levels: Total liabilities of $33.3 million against total assets of $83.1 million indicate moderate leverage, though the negative equity position of approximately $50 million (based on negative book value) suggests accumulated losses exceed invested capital. • Valuation metrics: Trading at negative P/E ratio due to losses, EV/EBITDA of -39.2x reflects negative EBITDA, and negative price-to-book ratio indicates market value below liquidation value. • Operational concerns: Minimal revenue generation despite years of operation, consistent quarterly losses, and negative operating cash flows indicate fundamental business model challenges. • Market position: Small market capitalization of approximately $377 million makes the company vulnerable to volatility and limits access to capital markets for future funding needs.
Recent development
Based on available financial data, AleAnna has shown gradual progress in revenue generation during 2024, marking a significant milestone in its development. The company generated $1.4 million in total revenue for 2024, with most activity concentrated in Q3 and Q4, suggesting operational ramp-up in the latter half of the year. This represents the first meaningful revenue generation since the company's public listing in 2022. The company's asset base expansion is evident from the growth in total assets from $32.7 million in 2023 to $83.1 million in 2024, indicating continued investment in exploration and development activities. The significant increase in current assets, particularly cash and short-term investments, suggests successful capital raising activities to fund operations. Operational improvements are visible in the company's current ratio improvement from 0.41 in 2023 to 13.18 in 2024, indicating much stronger short-term liquidity management. However, the company continues to face substantial operational losses, with EBITDA remaining negative at -$5.9 million for 2024, though this represents some improvement from -$5.8 million in 2023 when no revenue was generated. The geographic focus on Italy appears to be yielding initial results, with the revenue generation suggesting successful completion of at least some exploration and development activities. The timing of revenue recognition in the second half of 2024 may indicate successful commissioning of production facilities or completion of regulatory approvals needed to begin commercial operations.
ANNA company profile · for informational purposes only — not investment advice.
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