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AleAnna reports $3.4M net income and 47% rise in proved reserves in Q1 2026

Company Fundamentals
14 May 2026
GlobeNewsWire
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Bullish
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AleAnna, Inc. announced a net income of $3.4 million and Adjusted EBITDA of $4.3 million for Q1 2026, driven by strong production at its Longanesi field. Revenue reached $8.9 million, with proved reserves increasing 47% year-over-year, including significant gains at Longanesi and Gradizza fields. The company ended the quarter with $31.1 million in cash, positioning it well for future growth and strategic initiatives. AleAnna aims to continue expanding its natural gas production to support Italy's energy security.

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