AleAnna Inc
aleannainc.comWhat Do They Do?
Explores for and produces natural gas for buyers in Italy, and generates electricity from renewable-gas facilities for a local utility.
10-K for FY2025, filed Mar 31, 2026AleAnna is a natural gas resource company focused on delivering critical natural gas supplies to Europe through both onshore conventional…View ↗
As of December 31, 2025, we have generated $22.4 million of revenue from sales of natural gas from the Longanesi field and $2.7 million of…View ↗
Renewable Natural Gas (“RNG”) — The RNG Subsidiaries earn revenue through electricity generation sales from the conversion of bio…View ↗
How Do They Make Money?
Shell pays monthly shortly after natural gas delivery; the local utility pays for electricity based on metered output delivered to the grid, typically two months after invoicing.
10-K for FY2025, filed Mar 31, 2026The GSA features variable pricing based on a published benchmark, the Punto di Scambio Virtuale (“PSV”), with fixed discounting.…View ↗
Renewable Natural Gas (“RNG”) — The RNG Subsidiaries earn revenue through electricity generation sales from the conversion of bio…View ↗
Revenue is recognized as the Company transfers the electricity to the grid at a metered interconnection. The customer obtains control of…View ↗
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10-K for FY2025, filed Mar 31, 2026
FY2025 revenue by reportable segment ↗
$25M
-
10-K for FY2025, filed Mar 31, 2026
$25M ↗
| Segment | Share | Revenue | How money arrives |
|---|---|---|---|
|
Conventional
Sold outright
10-K for FY2025, filed Mar 31, 2026 |
89% |
Conventional, FY2025
$22.4M Sources
|
Sold outright |
|
Renewable
Sold outright
10-K for FY2025, filed Mar 31, 2026 |
11% |
Renewable, FY2025
$2.7M Sources
|
Sold outright |
Who Are Their Customers?
Shell buys the Longanesi natural gas production, while GSE, a local state-owned electrical utility, buys electricity generated by the renewable-gas assets.
10-K for FY2025, filed Mar 31, 2026As of December 31, 2025, we have generated $22.4 million of revenue from sales of natural gas from the Longanesi field and $2.7 million of…View ↗
Renewable Natural Gas (“RNG”) — The RNG Subsidiaries earn revenue through electricity generation sales from the conversion of bio…View ↗
For the year ended December 31, 2025, the Company’s Conventional segment sold all conventional gas production to Shell Energy Europe…View ↗
10-K for FY2025, filed Mar 31, 2026
For the year ended December 31, 2025, the Company’s Conventional segment sold all conventional gas production to Shell Energy Europe…View ↗
Do Revenues Turn Into Profits?
Yes. It kept 12 cents of every revenue dollar as net income in FY2025.
10-K for FY2025, filed Mar 31, 2026
How Are They Changing?
- Net income
-
Sources
10-Q for Q2 FY2026, filed Aug 13, 2026
$3.8MView ↗
- ▲ +489%
- vs $644.7K in Q2 FY2025
10-Q for Q2 FY2026, filed Aug 13, 2026
Open tableView ↗
Business focus
The older report described a company seeking to combine with a consumer business; the latest describes a company producing natural gas and developing renewable gas in Italy.
10-K for FY2022, filed Apr 21, 2023 10-K for FY2025, filed Mar 31, 2026AleAnna is a natural gas resource company focused on delivering critical natural gas supplies to Europe through both onshore conventional…View ↗
Who Do They Compete With?
Competes with Energean, Società Padana Energia, Po Valley Energy, Pengas Italiana, Goldman Sachs Assets Management, and Lazard
10-K for FY2025, filed Mar 31, 2026Competition in the Italian E&P industry is limited to a relatively small number of licensed operators. Historically led by the former…View ↗
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