EverGen Infrastructure Q1 Revenue Rises on Higher Tipping Volumes

EverGen Infrastructure Q1 Financial Results

Canada-based renewable natural gas (RNG) infrastructure firm EverGen Infrastructure Corp. reported a 38% year-over-year increase in Q1 revenue, driven by higher tipping volumes at organic waste and composting facilities.

Key Financial Metrics

The company's net loss narrowed 42% year-over-year, benefiting from revenue growth and lower operating costs. EverGen closed a C$13 million credit facility and paid down C$12 million in corporate debt.

Operational Highlights

RNG output rose 23% year-over-year, supported by continued stabilization and optimization at the FVB and GrowTEC facilities. The company noted that regulatory milestones and project advancements support scaling RNG production.

Analyst Coverage

The average analyst rating on the shares is "strong buy," with 2 "strong buy" or "buy" recommendations. Wall Street's median 12-month price target is C$1.00.