EverGen (TSX.V: EVGN) (OTCQX: EVGIF), Canada’s renewable natural gas (“RNG”) infrastructure platform, is reporting on its second-quarter 2024 financial results. Highlights of the report include record quarterly revenue and adjusted EBITDA; the execution of a 20-year renewable RNG offtake agreement with FortisBC and a long-term feedstock supply contract at Fraser Valley Biogas (“FVB”); and record single-day and monthly RNG production reported by FVB. Specifically, the company reported revenues of C$4.2 million for the quarter, an increase of 96% over the C$2.2 million reported for Q2 2023, and adjusted EBITDA of C$1.1 million for the quarter, a C$0.4 million increase over Q2 2023 numbers. The company also announced that it will host a results and corporate update conference call today at 4 p.m. ET. The Zoom call will be hosted by EverGen CEO Mischa Zajtmann and CFO Sean Hennessy.
“The second quarter demonstrated continued revenue growth across the EverGen platform,” said EverGen CEO Mischa Zajtmann in the press release. “With the FVB facility proven in operation approaching full capacity and major strides in our development pipeline, we are well positioned for significant, sustained growth as we continue to scale our operations and lead in the renewable energy space.”
To view the call, visit https://ibn.fm/kQRgv
To view the full press release, visit https://ibn.fm/6QsnC
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
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