Jul. 29 at 6:40 AM
$ANNA For AleAnna, Inc. (NASDAQ: ANNA), an onshore natural gas producer in Italy, full corporate profitability occurs at a TTF (Title Transfer Facility) benchmark price of approximately €20 to €25 per MWh (~
$6.30 to
$8.00 per Mcf).
On a field-level cash operating basis, its breakeven is even lower—around €10 to €15 per MWh (~
$3.00 to
$4.50 per Mcf).
AleAnna maintains gross margins above 75%.
Sensitivity to Volatility: When European gas prices trade above €35–€40 / MWh (~
$11–
$13.50/Mcf), corporate operating margins expand rapidly. At these levels, single assets like the Longanesi field generate significant net income relative to the company's total G&A base.
better than
$XOM and
$CVX
