AleAnna (ANNA) AI Stock Analysis

• Market Cap: $170.63M
• Dividend Yield: N/A
• Average Volume (3M): 3.30K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.21
• Revenue Growth: N/A
• EPS Growth: -985.28%
• Country: US
• Employees: 7
• Sector: Energy
• Sector Strength: 52
• Industry: Oil & Gas Exploration & Production
• EPS (TTM): -0.38
• Shares Outstanding: 40,659,880
• 10 Day Avg. Volume: 4,089
• 30 Day Avg. Volume: 3,304
• PEG Ratio: -0.10
• Price to Book (P/B): 8.69
• Price to Sales (P/S): 182.80
• P/FCF Ratio: -6.50
• Enterprise Value/Market Cap: 0.45
• Enterprise Value/Revenue: 4.56
• Enterprise Value/Gross Profit: 6.08
• Enterprise Value/Ebitda: 33.87
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 48 Neutral
• Price Target: $2.50 ▼(-10.07% Downside)

The score is held back primarily by ongoing losses and significant cash burn despite the sharp revenue rebound and improved gross margins. Technical signals remain weak (downtrend relative to longer-term moving averages and negative MACD). A notable positive is the Gradizza production concession, which supports the path to first gas, while valuation signals are constrained by negative earnings and no stated dividend yield.

Positive Factors

Strong recent revenue rebound

A multi-fold revenue rebound to ~$16.7M reflects durable demand recovery and meaningful scale expansion versus 2024. Sustained higher top-line provides a larger base to absorb fixed costs and supports path to profitability if management controls operating expenses.

Conservative leverage and positive equity

Very low leverage and a sizable positive equity cushion materially lower refinancing and solvency risk. This balance sheet flexibility gives the company time to fix operating performance, pursue growth investments, or withstand commodity volatility without immediate external financing.

Long-term incentive plan aligns management

The 2025 LTIP and RSU grants align executives’ compensation with long-term performance and shareholder value. Structurally, this can improve capital allocation discipline and focus management on execution milestones that matter over multiple quarters, reducing agency risk.

Negative Factors

Negative operating and free cash flow

Persistent cash burn and materially negative free cash flow indicate the business consumes cash despite revenue gains. Over months this drives funding needs, increases dilution or debt risk, and constrains reinvestment, making operational turnaround dependent on external financing or rapid margin improvement.

Deep net losses and negative operating profit

Severely negative margins show the cost base and non-operating items overwhelm gross profit. Structural unprofitability undermines free cash flow generation and return metrics, meaning revenue growth alone will not ensure value creation without sustained expense reduction or higher margins.

Poor capital efficiency and negative returns

Negative return on equity across periods signals the company is not converting invested capital into profits. This structural inefficiency limits the firm's ability to self-fund growth, dampens long-term shareholder returns, and raises the bar for management to deliver meaningful, sustained improvement.

AleAnna Business Overview & Revenue Model

Company Description

AleAnna, Inc., a natural gas resource company, focuses on delivering critical natural gas supplies in Italy. It operates through onshore conventional natural gas exploration and renewable natural gas development. The company was founded in 2007 and is headquartered in Dallas, Texas.

How the Company Makes Money

AleAnna Financial Statement Overview

Summary

Revenue rebounded sharply and gross margin improved (~57%), but the company remains deeply unprofitable (TTM net margin roughly -210%). Cash generation is also weak with negative operating cash flow (~-$3.6M) and materially negative free cash flow (~-$12.7M). The balance sheet shows low leverage (debt-to-equity ~0.06) and positive equity (~$35.2M), but returns remain negative due to ongoing losses.

Income Statement

TTM (Trailing-Twelve-Months) revenue jumped to ~$16.7M (strong rebound from ~$1.4M in 2024), and gross profit improved meaningfully with a ~57% gross margin. However, profitability remains weak: EBIT and net income are still deeply negative in TTM (net margin roughly -210%), indicating the cost structure (including operating and other expenses) is overwhelming the higher revenue base. Overall, strong top-line momentum, but losses and negative operating profit keep the score low.

Balance Sheet

Leverage appears modest in the provided ratios, with debt-to-equity around ~0.06 in both TTM and 2024, and equity is positive and sizable in TTM (~$35.2M). That said, returns remain poor (negative return on equity in both TTM and 2024), reflecting ongoing losses and weak capital efficiency. The balance sheet looks more stable than the income statement, but profitability pressure is a key risk.

Cash Flow

Cash generation is a clear concern: TTM (Trailing-Twelve-Months) operating cash flow is negative (~-$3.6M) and free cash flow is materially negative (~-$12.7M), indicating the business is consuming cash even as revenue ramps. Free cash flow also deteriorated versus 2024 (negative growth), suggesting funding needs may persist. While losses have some non-cash components (free cash flow is less negative than net income), the overall cash burn keeps this score low.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2020
Income Statement
Total Revenue	16.67M	1.42M	0.00	0.00	0.00
Gross Profit	12.49M	243.34K	0.00	-2.13K	0.00
EBITDA	2.24M	-5.94M	-5.06M	-2.13M	206.30K
Net Income	-5.36M	-12.34M	-5.16M	-3.28M	―
Balance Sheet
Total Assets	100.06M	83.09M	33.69M	15.77M	160.69K
Cash, Cash Equivalents and Short-Term Investments	31.20M	28.33M	6.76M	293.68K	0.00
Total Debt	1.83M	165.61M	0.00	0.00	0.00
Total Liabilities	41.73M	33.32M	32.48M	30.62M	141.19K
Stockholders Equity	35.16M	29.88M	1.22M	-14.85M	19.50K
Cash Flow
Free Cash Flow	-12.68M	-39.96M	-14.67M	-13.24M	0.00
Operating Cash Flow	-3.57M	-16.90M	-5.75M	-4.17M	0.00
Investing Cash Flow	-8.77M	-23.07M	-8.92M	-9.07M	0.00
Financing Cash Flow	1.15M	62.11M	21.00M	10.65M	0.00

AleAnna Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 2.78
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For ANNA, the sentiment is Negative. The current price of 2.78 is above the 20-day moving average (MA) of 2.63, below the 50-day MA of 2.85, and below the 200-day MA of 5.23, indicating a bearish trend. The MACD of -0.05 indicates Positive momentum. The RSI at 42.88 is Neutral, neither overbought nor oversold. The STOCH value of 23.34 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for ANNA.

AleAnna Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
GFR	71 Outperform	$711.04M	4.46	16.30%	―	-21.67%	251.59%
GPRK	68 Neutral	$427.92M	12.62	16.85%	6.49%	-26.63%	-66.89%
Sector *	65 Neutral	$15.17B	7.61	4.09%	5.20%	3.87%	-62.32%
SJT	61 Neutral	$268.93M	-947.46	-10.79%	―	-99.78%	-103.13%
WTI	50 Neutral	$324.33M	-2.13	―	2.41%	-6.92%	-126.24%
ANNA	48 Neutral	$170.63M	-10.33	-45.51%	―	―	-985.28%

AleAnna Corporate Events

AleAnna Secures Gradizza Production Concession, Advances First Gas

On January 20, 2026, AleAnna, Inc. announced that Italy’s Ministry of Environment and Energy Security granted it a production concession for the Gradizza Field in the Province of Ferrara, providing the final regulatory approval needed before first gas from what will be the company’s first fully owned and operated development. The concession permits an initial 20‑year production period and clears the way for AleAnna to move toward planned start‑up at Gradizza, which will be developed through a single well, compact processing facilities and a short pipeline tie‑in to the SNAM transmission network, reinforcing Italy’s efforts to boost domestic gas output and underscoring the company’s ability to secure support from national, regional and local authorities. AleAnna also reported that it has undertaken extensive subsurface work across its Po Valley portfolio, identifying additional, previously unevaluated pays in the Longanesi, Trava and Gradizza fields and commissioning DeGolyer and MacNaughton to update its reserves and prospective resources reports, developments that could enhance the perceived scale and economic potential of its Italian gas and exploration resource base once the revised studies are completed and published.

The most recent analyst rating on (ANNA) stock is a Hold with a $2.50 price target. To see the full list of analyst forecasts on AleAnna stock, see the ANNA Stock Forecast page.