AleAnna Reports Strong Q3 Financial Growth
News related to:AleAnna, Inc · 2 min read
DALLAS, Nov. 12, 2026 /CourierPR/ -- AleAnna, Inc., a technology-driven energy company focused on growing gas production in Italy, has reported substantial financial results for the third quarter of 2026. The company's net income increased substantially to $6.2 million, compared to $1.3 million in the second quarter of 2026, marking a 469% increase. Revenue more than doubled to $20.5 million, up from $9.3 million in the second quarter of 2026, indicating a robust growth in gas production and significantly stronger realized prices.
Key highlights from the quarter include a nearly fivefold increase in operating income to $9.4 million, and a nearly tripled Adjusted EBITDA¹ to $12.2 million, compared to the second quarter of 2026. The average daily net sales gas production in the third quarter increased to approximately 274 kSmc/d (AleAnna Working Interest), supported by well optimization efforts. Longanesi's permanent facilities development continued, with construction progressing at Gradizza, reinforcing the growth potential of AleAnna's Italian gas portfolio.
In addition, Glen Cayley, a seasoned upstream energy executive with extensive experience in exploration, field development, and production operations, joined the Board of Directors of AleAnna. His expertise is expected to assist the company with its ambitious growth program.
Looking ahead, AleAnna is advancing the development of its projects to support the next phase of growth. The company's ambition is clear: expand production, realize the potential of its Italian gas portfolio, and create long-term shareholder value through disciplined investment and focused execution.
For the twelve months ended September 30, 2026, AleAnna reported revenue of $49.2 million and net income of $13.7 million. In the third quarter of 2026, net income of $6.2 million exceeded the average of $3.4 million for the last four quarters, which includes the third quarter of 2026.
Longanesi, the principal contributor to AleAnna's robust quarterly growth, supported by average gross production reaching more than 800 kSmc/d and strong plant uptime, continues to advance permanent production facilities with the joint venture partner and operator. The permanent infrastructure is expected to further enhance operations and support the concession's long-term development.
Gradizza, which advanced during the quarter, represents a strategic opportunity and is expected to expand the Company's Italian production base. Beyond Longanesi and Gradizza, AleAnna actively advanced preparations across its wider Italian project portfolio for future development. In October 2026, environmental compliance work at Fornace was completed, and preparatory activities included rig identification and tender documentation for civil works and drilling. While further authorization is still required, environmental compliance work and other permit applications progressed for several permits, supporting the identification and preparation of future investment opportunities.
AleAnna, Inc. is a technology-driven energy company focused on growing gas production in Italy. The company's strong financial results for the third quarter of 2026 demonstrate its growing contribution to the Italian gas market and its commitment to creating long-term shareholder value through disciplined investment and focused execution.