Stocks/ANNA

ANNA

AleAnna, Inc.
Energy·Oil & Gas Exploration & Production
$3.02
$124M market cap
Revenue
$18.5M
Free Cash Flow
$0.9M
Rev Growth
+0.0%
FCF Margin
4.9%
P/FCF
137.4x
EV/FCF
101.6x
Fwd EV/EBITDA
--
Fair Value
--
Upside
--

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.

2-Year Price History

$3.21-70.6%
$4.0$6.0$8.0$10$12volJun 24Oct 24Jan 25May 25Sep 25Jan 26May 26

Quarterly Financials & Projections

Quarterly Waterfall ($ M)
PeriodRevEBITDAOpInNIOCFFCFCapExCashDebtSharesROICIntCovEV/EBITDA
Act2026-Q19.34.33.74.32.9-0.1-3.032.40.240.7116.8%----
Act2025-Q49.12.30.20.13.71.0-2.731,8271.840.64.2%----

Valuation & Metrics

Market Stats

Price$3.02
Market Cap$124M
Enterprise Value$91M
P/S Ratio6.7x
P/FCF137.4x
EV/FCF101.6x
FCF Margin (TTM)4.9%
FCF Yield0.7%
Dividend Yield (TTM)--
Annual Dilution0.0%
CurrencyUSD

TTM Financial Snapshot

Revenue$18.5M
Net Income$4.4M
Free Cash Flow$0.9M

Revenue Growth (YoY)+0.0%
EBITDA Margin35.3%
Net Margin23.9%
FCF Margin4.9%
CapEx % of Revenue30.7%
SBC % of Revenue4189.9%
ROIC60.5%
WC Change % Rev-1.1%
Interest Coverage--

Forward Outlook & Risk

Short Interest

Short % of Float--
Short Shares0.6M
Days to Cover1.0
Change (vs Prior)+46.5%
Need at least 2 settlement dates for chart

Employees

Headcount7
Revenue / Employee$2,639,911
Gross Profit / Employee$1,630,701

Institutional Ownership

Headline & net flow

NEUTRAL
Net flow · still filing
No float data — flow unavailable.

Ownership composition

Active
1.7%(-0.2% YoY)
13 filers
hedge / family / endowment
Retail funds
Fidelity, Schwab, 401(k)
Passive
0.3%(+0.3% YoY)
2 filers
Vanguard, iShares, SPDR
Market makers
0.2%(+0.2% YoY)
2 filers
Citadel, Susquehanna
Insiders
Form 4 — latest per insider
0%25%50%75%100%2024-122025-032025-062025-092025-122026-03
ActiveRetail fundsPassiveMarket makersRetail direct

Top holders

Fund$ valueCost basisΔ QoQΔ YoYα lifeFund AUM
FARALLON CAPITAL MANAGEMENT LLC$650K$2.88+$0+$650K-0.4%$15.27B
GEODE CAPITAL MANAGEMENT, LLCPassive$246K$8.29+$246K+$246K+2.3%$1.61T
ROYAL BANK OF CANADA$242K$8.29+$242K+$242K-0.2%$526.36B
NewGen Asset Management Ltd$234K$6.78+$0+$0+2.1%$164M
Finepoint Capital LP$230K$6.78+$0+$0-9.2%$417M
Scientech Research LLC$202K$8.29+$202K+$202K+0.1%$119M
BlackRock, Inc.Passive$176K$8.29+$176K+$176K-0.2%$5.69T
BALYASNY ASSET MANAGEMENT LLC$167K$8.29+$167K+$167K-0.4%$48.01B
WESBANCO BANK INC$166K$8.29+$166K+$166K+0.2%$3.61B
Virtu Financial LLCMM$160K$8.29+$160K+$160K-2.0%$2.41B
JANE STREET GROUP, LLCMM$108K$8.29+$108K+$108K-0.1%$92.10B
GOLDMAN SACHS GROUP INC$99K$7.60+$10K−$4K-0.2%$760.93B
UBS Group AG$77K$4.72+$76K+$77K-0.3%$562.11B
CITIGROUP INC$45K$8.24+$41K+$41K-0.3%$156.55B
MORGAN STANLEY$41K$8.12+$32K+$32K-0.3%$1.65T
SIGNATUREFD, LLC$3K$8.29+$3K+$3K-1.1%$6.52B
Allworth Financial LP$2K$8.29+$2K+$2K-0.3%$22.87B
Cost basis is a volume-weighted estimate from accumulation periods within our 13F history; holders who built their position before our window started will show a stale basis. % above the cost basis is the unrealized gain at the current price.

Trading behavior

Smart-money alpha (lifetime, %/qtr)NEUTRAL
Holders
-0.93%
avg per quarter
Holders (ex-self)
-0.94%
excl. this stock
Buyers (this Q)
-0.10%
14 buyers · $0.00B in
Sellers (this Q)
+0.00%
0 sellers · $0.00B out
alpha coverage: 100% of $ has a lifetime-alpha record
Holder behavior on this stocksource: stock
On big dips (−10%+)
-10.1%
how holders react when this stock falls
On quiet Qs
-14.9%
−10% to +10% baseline
On rallies (+10%+)
+3.6%
how they react when this stock rises
Holders' portfolio flow this Q
-6.3%
outflows — trims may be forced
Sellers' portfolio flow this Q
+0.0%
Sellers' overall flow ~ flat.
▸ Compare to holder-profile behavior (across all their stocks)
Holder dip (any stock)
-3.1%
Holder mid (any stock)
-4.2%
Holder rally (any stock)
-10.1%

Top Holders Over Time

5-year share-count history (top 10 holders by peak, incl. exited) + price

088K177K265K353K$2.88$4.23$5.58$6.94$8.292024-122025-032025-062025-092025-122026-03
hover the chart for per-quarter detailprice (right axis)
FARALLON CAPITAL MANAGEMENT LLC78KCAAS CAPITAL MANAGEMENT LPSculptor Capital LPLimestone Investment Advisors LPCARLSON CAPITAL L PHRT FINANCIAL LPUBS Group AG9KMILLENNIUM MANAGEMENT LLCPolar Asset Management Partners Inc.ROYAL BANK OF CANADA29K

Corporate

Insider Trading (last 12mo)

Open-market only (Form 4 P-Purchase + S-Sale). Excludes grants, option exercises, tax withholding, gifts.
Major holders (≥10% beneficial owners)
Buys ($, 12mo)
$0
0 txns · 0 insiders · 0 sh
Sells ($, 12mo)
$1.22M
6 txns · 1 insider · 325,784 sh
Recent transactions
DateSideInsiderTitleSharesPriceDollarsOwned $
2026-03-06SELLWILDER C JOHN10 percent owner82,260$4.17$343K$125.78M
2026-03-05SELLWILDER C JOHN10 percent owner62,156$3.71$231K$112.17M
2026-03-04SELLWILDER C JOHN10 percent owner34,595$3.34$116K$101.19M
2026-03-03SELLWILDER C JOHN10 percent owner91,373$3.81$348K$116K
2026-03-02SELLWILDER C JOHN10 percent owner22,224$3.41$76K$103.74M
2026-02-27SELLWILDER C JOHN10 percent owner33,176$3.36$111K$102.30M

Order Flow (FINRA, ~3w lag)

48.6%retail+1.3pp
6.6%dark+0.1pp
week of 2026-04-13
0%20%40%60%80%24-1225-0325-0625-0825-1126-0226-04retail (non-ATS)dark (ATS)
Off-exchange volume from FINRA. Retail = non-ATS (wholesaler PFOF + broker internalization). Dark = ATS (dark-pool crossing networks, institutional). Lit-exchange = remainder.

Filing Risk Analysis

Filing Risk Scores

AleAnna, Inc.: Italian Gas Potential Masked by Complex Contingent Liabilities and Redetermination Risks

Overall Risk
6/10
Fraud
3/10
Dilution
5/10
Insolvency
4/10
Earnings Overstated
4/10
Hidden Liabilities
7/10
Legal
3/10
Audit Warnings
4/10
Hidden Upside
6/10
Contextually Acceptable
7/10