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Earnings

EverGen Infrastructure Reports Q3 2025 Results

By The Northwire Desk — AI Analysis Nov 20, 2025 · 19:51 EVGN · 0.455 EverGen Infrastructure Corp.
EVGN · Price

Executive Summary

  • EverGen reported Q3 2025 results, achieving a record quarterly RNG production of ~18,000 GJ and turning EBITDA positive for the quarter.
  • The company advanced its PCR RNG Expansion project with regulatory support from Abbotsford City Council and is progressing on a $13 M asset‑level debt facility plus up to $2 M private placement slated to close in Q4 2025.
  • Despite lower revenues, cash balances rose sharply to C$2.9 M and total long‑term liabilities fell by C$3.3 M, improving the balance sheet ahead of 2026 growth plans.

Key Details

  • RNG Production:
  • July 2025 – 16,000 GJ; August 2025 – 17,000 GJ; September 2025 – 18,000 GJ (record month: >13,000 GJ in Sept).

  • Q3 total RNG output: 51,770 GJ vs. 40,674 GJ YoY (+27%).

  • Financial Highlights (C$ thousands):

  • Revenue: 2,810 (‑22% YoY).
  • Net loss: (1,106) (‑134% YoY).
  • EBITDA: 205 (turns positive; ‑83% YoY from a loss of (1,023)).
  • Adjusted EBITDA: 471 (‑52% YoY).
  • Cash & cash equivalents: 2,911 (↑263%).
  • Total assets: 76,537 (‑16% YoY).

  • Long‑term liabilities: 24,750 (‑12% YoY).

  • Operating Metrics:

  • Incoming organic feedstock: 15,310 t (‑40% YoY).
  • Organic compost & soil sales: 11,172 yd³ (+14%).

  • Electricity generation: 975 MWh (‑8%).

  • Refinancing Update:

  • Asset‑level debt facility for FVB plant: $13 M targeted to close Q4 2025.

  • Additional private placement up to $2 M, funds already committed, also expected to close Q4 2025.

  • Regulatory Milestone:

  • PCR RNG Expansion project received formal support from Abbotsford City Council in July 2025.

  • Management Commentary (CEO Chase Edgelow): Emphasized transition after May 2025 equity transaction, record RNG output, balance‑sheet strengthening, and positioning for scalable growth in 2026+.

  • Conference Call:

  • Date: Friday, 21 Nov 2025, 11:00 a.m. ET (Zoom link provided).

Notable Quotes

“Q3 2025 was a pivotal quarter of transition… we delivered record RNG production, advanced our PCR expansion project, and strengthened our balance sheet.” – Chase Edgelow, CEO

Materiality Assessment: Material – Positive (quarterly results, EBITDA turnaround, significant operational milestones, and financing updates that are likely to influence investor decisions).

Read the original news release →

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