EverGen (TSX.V: EVGN) (OTCQX: EVGIF), Canada’s renewable natural gas (“RNG”) infrastructure platform, is reporting its financial results for the first quarter of 2024. Highlights of the report include record quarterly renewable natural gas (“RNG”) production and revenues with Fraser Valley Biogas specifically achieving record daily and monthly RNG production. Specifically, the company reported revenues of $3.2 million for the quarter, up 92% from the $1.7 million reported for first quarter 2023 with a net loss for the quarter of $1.3 million and Adjusted EBITDA of $0.7 million, an increase from nil reported for the same quarter in 2023. The company has scheduled a results and corporate update Zoom call that will begin today at 11 a.m. ET. CEO Mischa Zajtmann and CFO Sean Hennessy will host the call. “With the completion of the expansion at Fraser Valley Biogas in December 2023, our capital investments have translated into significant revenue growth,” said EverGen Infrastructure CEO Mischa Zajtmann in the press release. “As we continue to ramp up RNG production and advance the development of our core project base, we expect to achieve continued revenue growth.”
To view the earnings call, visit https://ibn.fm/hstUR
To view the full press release, visit https://ibn.fm/yWS1G
About EverGen Infrastructure Corp.
EverGen, Canada’s renewable natural gas infrastructure platform, is combating climate change and helping communities contribute to a sustainable future. Headquartered on the west coast of Canada, EverGen is an established independent renewable energy producer that acquires, develops, builds, owns and operates a portfolio of renewable natural gas, waste-to-energy and related infrastructure projects. EverGen is focused on Canada, with continued growth expected across other regions in North America and beyond. For more information about EverGen and its products, visit www.EverGenInfra.com.
NOTE TO INVESTORS: The latest news and updates relating to EVGIF are available in the company’s newsroom at https://ibn.fm/EVGIF
About InvestorWire
InvestorWire (“IW”) is a specialized communications platform with a focus on advanced wire-grade press release syndication for private and public companies and the investment community. It is one of 60+ brands within the Dynamic Brand Portfolio @ IBN that delivers: (1) access to a vast network of wire solutions via InvestorWire to efficiently and effectively reach a myriad of target markets, demographics and diverse industries; (2) article and editorial syndication to 5,000+ outlets; (3) enhanced press release enhancement to ensure maximum impact; (4) social media distribution via IBN to millions of social media followers; and (5) a full array of tailored corporate communications solutions. With broad reach and a seasoned team of contributing journalists and writers, IW is uniquely positioned to best serve private and public companies that want to reach a wide audience of investors, influencers, consumers, journalists and the general public. By cutting through the overload of information in today’s market, IW brings its clients unparalleled recognition and brand awareness. IW is where breaking news, insightful content and actionable information converge.
For more information, please visit https://www.InvestorWire.com
Please see full terms of use and disclaimers on the InvestorWire website applicable to all content provided by IW, wherever published or re-published: https://www.InvestorWire.com/Disclaimer
InvestorWire
Los Angeles, CA
www.InvestorWire.com
310.299.1717 Office
[email protected]
InvestorWire is powered by IBN