8-K
filed May 4, 2026, 7:59 PM ET
ticker AMRC
CIK 0001488139
other material
confidence high
sentiment neutral
materiality 0.85
Ameresco forms biogas JV with HASI ($400M investment); Q1 net loss $18.3M
Ameresco, Inc.
- HASI invests $400M for 30% of Neogenyx Fuels JV; Ameresco receives $100M at closing.
- Q1 revenue $401.5M; GAAP EPS ($0.35); Non-GAAP EPS ($0.33); Adj. EBITDA $40.5M.
- Awarded backlog grew 20% YoY; total backlog up 8% YoY.
- Michael Bakas steps down as President – Renewable Fuels to become CEO of JV.
- JV distribution: 48%/52% to Ameresco/HASI until 9% IRR, then 70%/30%.
Key facts
Extracted from this filing and checked against the source text.
Earnings Releases
SEC 8-K Item 2.02
confidence 0.95
Ameresco, Inc. reported first quarter ended March 31, 2026 results: revenue $401.5 million, net income $18.3 million, EPS ($0.35).
- Period
- first quarter ended March 31, 2026
- Revenue
- $401.5 million
- Net income
- $18.3 million
- EPS
- ($0.35)
- Result
- reported results
Exact text from the filing
Revenues of $401.5 million • Net loss attributable to common shareholders of $18.3 million • GAAP EPS of ($0.35)
View on SEC.gov
Equity Issuances
SEC 8-K Item 3.02/3.03
confidence 0.85
Ameresco, Inc. issued unit to an affiliate of HA Sustainable Infrastructure Capital, Inc. (HASI) for $400 million.
- Security
- unit
- Purchaser
- an affiliate of HA Sustainable Infrastructure Capital, Inc. (HASI)
- Consideration
- $400 million
Exact text from the filing
in exchange for Class A units of the Joint Venture (the “Class A Units”), representing a 70% equity interest of the Joint Venture; and 2. at the Closing, JV Investor will invest $400 million in the Business, in exchange for Class B units of the Joint Venture (the “Class B Units”), representing a 30% equity interest of the Joint Venture. Of the $400 million investment
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Michael Bakas departed as President of Renewable Fuels at Ameresco, Inc..
- Action
- step down
- Role
- President of Renewable Fuels
Exact text from the filing
Mr. Bakas, who currently serves as President of Renewable Fuels of Ameresco will step down from this role at Ameresco and become the Chief Executive Officer of the Joint Venture.
View on SEC.gov
Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
Ameresco, Inc. entered into Contribution Agreement with an affiliate of HA Sustainable Infrastructure Capital, Inc. (HASI) valued at $400 million (effective 2026-05-04).
- Action
- entry
- Counterparty
- an affiliate of HA Sustainable Infrastructure Capital, Inc. (HASI)
- Value
- $400 million
- Effective
- 2026-05-04
Exact text from the filing
on May 4, 2026 , Ameresco, Inc., a Delaware corporation (“we,” the “Company,” or “Ameresco”), through certain of its subsidiaries, including Ameresco Biogas HoldCo LLC (“AMRC Biogas HoldCo”), entered into a contribution and equity purchase agreement (the “Contribution Agreement” and, the transactions contemplated thereby, the “JV Transaction”) with an affiliate of HA Sustainable Infrastructure Capital, Inc., a Delaware corporation (“HASI” and, such affiliate, “JV Investor”
View on SEC.gov
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