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AleAnna (ANNA) earnings and revenue breakdown
Latest: Q2 2026 · 10-Q filed Aug 13, 2026 · AleAnna (ANNA) Q2 2026 earnings results →
Q2 2026 Revenue up 154% year over year to $10.2M · 23¢ of every $1 of revenue kept as net profit · operating margin 18.7%
AleAnna made $10.2M in Q2 2026 (+154% Y/Y): Conventional $9.5M, Renewable $745K. Operating margin 18.7%, net earnings $2.4M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Aug 13, 2026.
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Open the interactive Sankey → click any line for what the company wrote about it, compare Y/Y and Q/Q, export as PNG or PDF
What changed this quarter
Revenue was $10.2M in Q2 2026, up 153% year over year and up 9% from the previous quarter. Conventional was the largest line at 93% of revenue. Conventional added $6.2M year over year (up 186%), 100% of the total change.
Operating profit was $1.9M, a 18.7% margin (up 4.3 points year over year). Of the extra revenue versus Q2 2025, 22% reached operating profit, above the 14% margin then. Total costs grew 141% against revenue growth of 153%. The fastest-growing cost line was Cost of revenue (+387%). Net earnings were $2.4M, up 576% year over year. The effective tax rate was -84.3%.
Operating cash flow was $4.2M, 110% of net income including minority interests. Non-cash charges added back $882K of depreciation and $1.3M of share-based compensation. Working capital and other items used $1.8M.
Quarterly history
| Quarter | Form | Filed | Revenue | Y/Y | Op. margin | Net earnings | Op. cash flow |
|---|---|---|---|---|---|---|---|
| Q2 2026 | 10-Q | Aug 13, 2026 | $10.2M | +154% | 18.7% | $2.4M | $4.2M |
| Q1 2026 | 10-Q | May 14, 2026 | $9.3M | 14× | 39.6% | $2.1M | $2.9M |
| Q4 2025 | 10-K | Mar 31, 2026 | $9.1M | 12× | 2.4% | $142K | $3.7M |
| Q3 2025 | 10-Q | Nov 12, 2025 | $11.2M | 17× | 51.0% | $3.3M | $9.0M |
| Q2 2025 | 10-Q | Aug 14, 2025 | $4.0M | — | 14.5% | $349K | −$700K |
| Q1 2025 | 10-Q | May 15, 2025 | $645K | — | -562.4% | −$3.3M | −$1.9M |
| Q4 2024 | 10-K | Mar 31, 2025 | $772K | — | n/m | −$9.4M | −$16.2M |
Charts
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💵Where each $1 goesinteractive
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🌏Named in Asian annual reportsinteractive
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🔄Rotation against the market and its industry (RRG)interactive
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⚖️Fair value by methodinteractive
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🔭Outlook & guidanceinteractive
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📈Investments: gains and what it boughtinteractive
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🏭Its industry’s money flow (input-output)interactive
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Customers and suppliers named in filings
Sells to
- SHEL — 89% of its revenue · Stated in 10-K (sentence) · source
About AleAnna
The following discussion reflects the business of AleAnna both prior to and after giving effect to the Business Combination, as the context indicates. Unless the context otherwise requires, all references in this section to “AleAnna,” the “Company,” “we,” “us,” and “our,” refer to AleAnna, Inc. and its consolidated subsidiaries. AleAnna is a natural gas resource company focused on delivering critical natural gas supplies to Europe through both onshore conventional natural gas exploration and development and renewable natural gas development in Italy. We have several conventional natural gas discoveries including the Longanesi field, located in the Po Valley in Northern Italy, which is one of Italy’s largest modern natural gas discoveries. We have a 33.5% working interest in the Longanesi field with our working interest partner, and operator, Padana.
In its own words, from its 10-K, filed Mar 31, 2026.
AleAnna against its Crude Petroleum & Natural Gas peers
The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: +154% against the peers' median +52%. Operating margin: 18.7% against the peers' median 19.5%.
| Company | Quarter | Revenue | Y/Y | Op. margin |
|---|---|---|---|---|
| ANNA AleAnna | Q2 2026 | $10.2M | +154% | 18.7% |
| EOG EOG Resources | Q3 2026 | $8.5B | +46% | 41.9% |
| OXY Occidental Petroleum | Q2 2026 | $8.1B | +53% | 48.5% |
| DVN Devon Energy | Q3 2026 | $6.9B | +58% | 18.3% |
| FANG Diamondback Energy | Q3 2026 | $5.4B | +38% | 46.0% |
| EXE Expand Energy | Q3 2026 | $3.3B | +11% | 19.5% |
| PARR PAR Pacific Holdings | Q3 2026 | $3.1B | +52% | 15.5% |
| OVV Ovintiv | Q3 2026 | $2.6B | +26% | 33.7% |
| SM SM Energy | Q3 2026 | $2.2B | +167% | 10.9% |
Source: AleAnna 10-Q on SEC EDGAR · CIK 1845123 · Crude Petroleum & Natural Gas
13F: who owns ANNA and who is buying
More on ANNA
History
Every quarter: Q2 2026 results · Q1 2026 results · Q4 2025 results · Q3 2025 results · Q2 2025 results · Q1 2025 results · Q4 2024 results