AleAnna, Inc. Announces the Near-Term Start of Production at Longanesi Field
Production Start at Longanesi Field: AleAnna and Societa Energia Padana have received all necessary authorizations to begin production at the Longanesi Field in Italy, which is crucial for addressing Europe's natural gas supply gap and enhancing Italy's energy security.
Strategic Partnerships and Future Plans: AleAnna has signed a multiyear gas sales agreement with Shell Energy Europe Ltd. and aims to leverage advanced technologies for sustainable energy solutions, while also planning further exploration projects to strengthen its position in Italy's energy transition.
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- Policy-Driven Energy Security: The EU's formal regulation to phase out Russian gas imports creates a strategic imperative for AleAnna's Italy-focused development plan, which aims to enhance domestic gas production and reduce geopolitical supply risks, ensuring stable supply for the Italian market.
- Infrastructure Advantage: With approximately 140,000 acres of owned 3D seismic data and 2.7 million acres of oil and gas concessions, AleAnna is well-positioned to respond quickly to market demands, minimizing development risks while ensuring long-term stable gas supply.
- Market Adaptability: Amid global LNG supply volatility, AleAnna's strategy focuses on advancing brownfield, infrastructure-adjacent projects that enhance Italy's energy sovereignty, improve system resilience, and stabilize prices, helping Europe navigate supply rebalancing challenges.
- Renewable Natural Gas Strategy: AleAnna is also developing a renewable natural gas platform, aiming for a 10% RNG penetration by 2030, aligning with EU policy objectives and further solidifying its leadership position in the Italian natural gas market.

Financial Performance: AleAnna reported a net income of $5.3 million and EBITDA of $6.3 million for Q3 2025, driven by strong production at the Longanesi field, which generated $11.2 million in revenue.
Cash Position: The company generated $8.9 million in cash from operations during the quarter, ending with a robust cash position of approximately $31.2 million, supporting ongoing development and strategic initiatives.
Production Growth: Following a successful ramp-up at the Longanesi field, production stabilized at around 30 million cubic feet per day, exceeding initial expectations and contributing to the company's second consecutive profitable quarter.
Strategic Focus: AleAnna is committed to advancing its growth strategy in both conventional and renewable natural gas, with plans for multiple exploration projects in Italy, aligning with its sustainability goals.

Market Overview: U.S. stocks declined, with the Dow Jones dropping approximately 600 points, while Unusual Machines, Inc. saw a significant increase of 19.5% after announcing its acquisition of Rotor Lab for $7 million and terminating another acquisition deal.
Notable Stock Performances: Several companies experienced substantial gains, including RH which rose 22.8% following strong earnings, and AleAnna, Columbus Circle Capital, and Darling Ingredients also reported notable increases in their stock prices.
Financial Performance: AleAnna reported a net loss of $2.0 million for Q1 2025, with a basic and diluted net loss per share of ($0.05), significantly improved from ($3.41) in Q1 2024. The company ended the quarter with approximately $27.8 million in cash and cash equivalents.
Operational Updates: Although no revenue was recognized from the Longanesi field during Q1 2025, AleAnna achieved its first sales in May 2025 and anticipates reporting revenue in the upcoming second quarter results, while continuing to focus on sustainable energy solutions in Italy.

U.S. Stock Market Overview: U.S. stock futures are slightly lower, with Dow futures down about 0.1%. Several companies, including Eagle Financial Services and RXO, experienced significant declines in pre-market trading following disappointing financial results.
Notable Stock Movements: Eagle Financial Services shares fell 5.8% after reporting a drop in quarterly earnings, while RXO's shares dipped 10.7% after a price target reduction by an analyst. Other stocks like ODP Corporation and Hillman Solutions also saw notable declines in pre-market trading.

Stock Market Overview: U.S. stocks showed mixed results, with the Dow Jones dropping over 200 points while Five Below, Inc. saw a significant increase of 10.5% after an upgrade from JP Morgan analyst Matthew Boss.
Notable Stock Performances: Other companies like USA Rare Earth, Newsmax, and United States Steel also experienced substantial gains, with increases ranging from 9% to 13.8%, reflecting positive market movements for several stocks.





