Ameresco Q1 Earnings Beat Expectations Despite EPS Miss
Written by Emily J. Thompson, Senior Investment Analyst
Updated: May 04 2026
0mins
Source: seekingalpha
- Earnings Highlights: Ameresco reported a Q1 non-GAAP EPS of -$0.33, missing expectations by $0.04, indicating pressure on profitability; however, revenue reached $401.46 million, up 13.8% year-over-year, exceeding market expectations by $38.54 million, showcasing strong performance in revenue growth.
- 2026 Fiscal Guidance: The company forecasts FY 2026 revenue between $2.0 billion and $2.2 billion, slightly below the consensus of $2.1 billion, reflecting a cautious outlook on future growth; additionally, adjusted EBITDA is expected to be between $250 million and $270 million, highlighting challenges in cost management.
- Gross Margin and Expenses: The anticipated gross margin is between 17% and 18%, indicating pressure on profitability; furthermore, depreciation and amortization expenses are projected at $115 million, with interest expense and other costs at $95 million, suggesting challenges in financial management.
- Market Reaction: Following the earnings release, Ameresco's stock fell 11.6% in after-hours trading, reflecting investor concerns over declining profitability, which could impact the company's future financing capabilities and market confidence.
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Analyst Views on AMRC
Wall Street analysts forecast AMRC stock price to rise
6 Analyst Rating
5 Buy
1 Hold
0 Sell
Strong Buy
Current: 28.060
Low
37.00
Averages
41.40
High
45.00
Current: 28.060
Low
37.00
Averages
41.40
High
45.00
About AMRC
Ameresco, Inc. is an energy infrastructure solutions provider. The Company's portfolio includes implementing smart energy efficiency solutions, upgrading aging infrastructure, and developing, constructing, and operating distributed energy resources. Its North America Regions, U.S. Federal and Europe segments include the design, engineering and installation of equipment and other measures to improve the efficiency and control the operation of a facility's energy infrastructure, renewable energy solutions and services and the development and construction of small-scale plants. Its Renewable Fuels segment, formerly Alternative Fuels segment, sells electricity and processed renewable natural gas (RNG) derived from biomethane from small-scale plants that it owns and operates and provides operations and maintenance services for customer-owned small-scale plants. The Company's All Other segment offers consulting services and the sale of solar photovoltaic energy products and systems.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Innovation Leadership: Ameresco has been awarded the 2026 North America Technology Innovation Leadership Recognition by Frost & Sullivan for its outstanding performance in the microgrid sector, highlighting its leadership in designing and operating advanced microgrid systems that enhance market competitiveness.
- Exemplary Strategy Execution: By effectively implementing strategic initiatives, Ameresco excels in integrating distributed energy resources and intelligent controls, improving energy resilience and operational continuity while meeting customer demands for sustainability and energy security.
- Successful Market Expansion: Ameresco has successfully expanded its microgrid footprint across federal, municipal, and commercial markets, demonstrating its flexibility and adaptability in addressing evolving customer needs and market conditions.
- Enhanced Customer Experience: Ameresco's integrated delivery model combines project development, financing, and long-term operations, ensuring customers realize value throughout the project lifecycle, further solidifying its leadership position in the market.
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- Biogas Production Capacity: Under the agreement, Anaergia will provide turnkey manure handling and digestion systems designed to produce over 4,400 standard cubic feet of biogas per minute, ensuring Neogenyx Fuels can convert it into pipeline-quality renewable natural gas.
- Growing Market Demand: The renewable natural gas sector benefits from strong structural growth, particularly as large-scale agricultural waste projects are seen as one of the most attractive and underpenetrated segments, reflecting increasing demand for low-carbon fuel solutions.
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- Revenue Growth: Ameresco reported total revenue of $401 million for Q1 2026, reflecting a 14% year-over-year increase despite adverse weather conditions impacting operations, indicating strong market demand and operational resilience in the renewable energy sector.
- Strategic Investment: The company announced a $400 million agreement with HASI to establish Neogenyx Fuels, which aims to monetize part of its $1.8 billion enterprise value in the biogas sector, thereby accelerating growth and enhancing overall corporate value.
- Backlog Increase: Ameresco's awarded project backlog grew by 20% to $2.8 billion, showcasing a robust pipeline of large and complex projects that are expected to support future revenue growth and solidify the company's market position.
- Leadership Changes: The promotion of Nicole Bulgarino and Lou Maltezos to Co-Presidents, along with the appointment of Peter Christakis as COO, underscores the company's commitment to executing its strategic vision and driving growth in a competitive landscape.
See More
Ameresco Q1 Earnings Beat Expectations Despite EPS Miss
- Earnings Highlights: Ameresco reported a Q1 non-GAAP EPS of -$0.33, missing expectations by $0.04, indicating pressure on profitability; however, revenue reached $401.46 million, up 13.8% year-over-year, exceeding market expectations by $38.54 million, showcasing strong performance in revenue growth.
- 2026 Fiscal Guidance: The company forecasts FY 2026 revenue between $2.0 billion and $2.2 billion, slightly below the consensus of $2.1 billion, reflecting a cautious outlook on future growth; additionally, adjusted EBITDA is expected to be between $250 million and $270 million, highlighting challenges in cost management.
- Gross Margin and Expenses: The anticipated gross margin is between 17% and 18%, indicating pressure on profitability; furthermore, depreciation and amortization expenses are projected at $115 million, with interest expense and other costs at $95 million, suggesting challenges in financial management.
- Market Reaction: Following the earnings release, Ameresco's stock fell 11.6% in after-hours trading, reflecting investor concerns over declining profitability, which could impact the company's future financing capabilities and market confidence.
See More
Ameresco (AMRC) Q2 2025 Earnings Transcript
See More
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- Revenue Performance: Last quarter, Ameresco reported revenues of $581 million, reflecting a 9.1% year-over-year increase that surpassed analyst expectations, and the full-year EBITDA guidance also exceeded market forecasts, demonstrating the company's solid operational performance and profitability.
- Market Sentiment: Investor sentiment in the construction and engineering sector has been positive, with related stocks averaging a 9.4% increase over the past month, while Ameresco's stock surged 28.3% during the same period, indicating strong market confidence in its future performance.
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See More
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- Innovation Leadership: Ameresco has been awarded the 2026 North America Technology Innovation Leadership Recognition by Frost & Sullivan for its outstanding performance in the microgrid sector, highlighting its leadership in designing and operating advanced microgrid systems that enhance market competitiveness.
- Exemplary Strategy Execution: By effectively implementing strategic initiatives, Ameresco excels in integrating distributed energy resources and intelligent controls, improving energy resilience and operational continuity while meeting customer demands for sustainability and energy security.
- Successful Market Expansion: Ameresco has successfully expanded its microgrid footprint across federal, municipal, and commercial markets, demonstrating its flexibility and adaptability in addressing evolving customer needs and market conditions.
- Enhanced Customer Experience: Ameresco's integrated delivery model combines project development, financing, and long-term operations, ensuring customers realize value throughout the project lifecycle, further solidifying its leadership position in the market.
See More
Anaergia Secures C$58 Million Contract with Neogenyx Fuels
- Significant Contract Value: Anaergia has signed a C$58 million contract with Neogenyx Fuels through its subsidiary, deploying proprietary anaerobic digestion technology, which is expected to enhance the company's revenue visibility over the next two years.
- Biogas Production Capacity: Under the agreement, Anaergia will provide turnkey manure handling and digestion systems designed to produce over 4,400 standard cubic feet of biogas per minute, ensuring Neogenyx Fuels can convert it into pipeline-quality renewable natural gas.
- Growing Market Demand: The renewable natural gas sector benefits from strong structural growth, particularly as large-scale agricultural waste projects are seen as one of the most attractive and underpenetrated segments, reflecting increasing demand for low-carbon fuel solutions.
- Strategic Partnership Potential: Neogenyx Fuels combines Ameresco's established capabilities in energy infrastructure development and operation with HASI's significant experience in financing sustainable assets, creating a robust platform for Anaergia to further expand its renewable fuel production capabilities.
See More
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- Revenue Growth: Ameresco reported total revenue of $401 million for Q1 2026, reflecting a 14% year-over-year increase despite adverse weather conditions impacting operations, indicating strong market demand and operational resilience in the renewable energy sector.
- Strategic Investment: The company announced a $400 million agreement with HASI to establish Neogenyx Fuels, which aims to monetize part of its $1.8 billion enterprise value in the biogas sector, thereby accelerating growth and enhancing overall corporate value.
- Backlog Increase: Ameresco's awarded project backlog grew by 20% to $2.8 billion, showcasing a robust pipeline of large and complex projects that are expected to support future revenue growth and solidify the company's market position.
- Leadership Changes: The promotion of Nicole Bulgarino and Lou Maltezos to Co-Presidents, along with the appointment of Peter Christakis as COO, underscores the company's commitment to executing its strategic vision and driving growth in a competitive landscape.
See More
Ameresco Q1 Earnings Beat Expectations Despite EPS Miss
- Earnings Highlights: Ameresco reported a Q1 non-GAAP EPS of -$0.33, missing expectations by $0.04, indicating pressure on profitability; however, revenue reached $401.46 million, up 13.8% year-over-year, exceeding market expectations by $38.54 million, showcasing strong performance in revenue growth.
- 2026 Fiscal Guidance: The company forecasts FY 2026 revenue between $2.0 billion and $2.2 billion, slightly below the consensus of $2.1 billion, reflecting a cautious outlook on future growth; additionally, adjusted EBITDA is expected to be between $250 million and $270 million, highlighting challenges in cost management.
- Gross Margin and Expenses: The anticipated gross margin is between 17% and 18%, indicating pressure on profitability; furthermore, depreciation and amortization expenses are projected at $115 million, with interest expense and other costs at $95 million, suggesting challenges in financial management.
- Market Reaction: Following the earnings release, Ameresco's stock fell 11.6% in after-hours trading, reflecting investor concerns over declining profitability, which could impact the company's future financing capabilities and market confidence.
See More
Ameresco (AMRC) Q2 2025 Earnings Transcript
See More
Ameresco Set to Announce Earnings, Market Expects Growth
- Earnings Announcement: Ameresco is set to announce its earnings after market hours on Monday, with analysts expecting a 4% year-over-year revenue growth, although this is a slowdown from the 18.2% increase recorded in the same quarter last year, indicating the company's ongoing growth potential in the renewable energy sector.
- Revenue Performance: Last quarter, Ameresco reported revenues of $581 million, reflecting a 9.1% year-over-year increase that surpassed analyst expectations, and the full-year EBITDA guidance also exceeded market forecasts, demonstrating the company's solid operational performance and profitability.
- Market Sentiment: Investor sentiment in the construction and engineering sector has been positive, with related stocks averaging a 9.4% increase over the past month, while Ameresco's stock surged 28.3% during the same period, indicating strong market confidence in its future performance.
- Analyst Expectations: The average analyst price target for Ameresco stands at $42.60, compared to its current share price of $30.80, suggesting an optimistic outlook for its future growth, and the company has a history of exceeding Wall Street's expectations.
See More
