Canada · Delayed Price · Currency is CAD EverGen Infrastructure Earnings Call Transcripts
Fiscal Year 2026
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Four operating facilities are being optimized, with expansion and greenfield projects planned to grow the platform. A CAD 30m Pacific Coast Renewables expansion could add close to CAD 5m EBITDA; optimization investments target EBITDA above CAD 20m over the medium to long term.
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Q2 2026 saw revenue surge 71% year-over-year to CAD 4.8 million, with adjusted EBITDA up 416% to CAD 1.7 million and strong operational improvements. Expansion projects are advancing, and the business is positioned for further growth and consolidation.
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Q1 2026 saw a 38% year-over-year revenue increase and a 93% rise in adjusted EBITDA, driven by operational improvements and higher RNG production. Balance sheet strength improved with refinancing and new project milestones, positioning for further growth.
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A leading RNG platform is leveraging a high-quality asset base, long-term contracts, and operational excellence to drive visible EBITDA growth and expansion. Recent recapitalization, strong grant funding, and a favorable regulatory environment support ambitious growth targets and position the company as a reliable RNG supplier for utilities.
Fiscal Year 2025
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2025 saw a successful turnaround with record Q4 RNG production, improved EBITDA, and a strengthened balance sheet after recapitalization and refinancing. Growth is expected from asset expansions and long-term contracts, with regulatory and market shifts supporting future revenue.
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Q3 saw record RNG production and stable revenue, despite lower composting volumes and a year-over-year revenue decline. Financing initiatives and a strategic reset position the platform for long-term growth, with strong market conditions and regulatory support.
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Q2 2025 saw record RNG production and sequential revenue growth, though year-over-year revenues and adjusted EBITDA declined due to lower volumes at organics facilities and absence of management fees. Key expansion projects advanced, with regulatory and financing milestones expected by Q3 2025.
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Leadership and board transitions, a CAD 5 million equity investment, and operational improvements have repositioned the company for growth. Q1 was challenging, but strong R&G production and regulatory tailwinds support a positive outlook.
Fiscal Year 2024
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Record RNG production and 69% revenue growth were achieved, with adjusted EBITDA up 363% year-over-year. A $7 million private placement will support deleveraging and project development, while new legislation and political stability are expected to accelerate future growth.
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Q3 2024 saw a 57% revenue increase and a 15% rise in RNG production at Fraser Valley, with Adjusted EBITDA up to CAD 1 million and net loss improving by 57%. Major projects remain fully funded, and cost reductions are expected to continue.
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Q2 2024 saw 96% revenue growth and record RNG production, driven by Fraser Valley Biogas ramp-up and improved pricing. Adjusted EBITDA rose to CAD 1.1 million, with key projects advancing toward FID and further upside expected as capacity increases.