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FutureFuel Announces First Quarter 2026 Results

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  • FutureFuel Corp. reported total revenues of $32.0 million for Q1 2026, an 82.2% increase from the prior-year period.
  • Chemical segment revenue rose 109.6% to $19.6 million while biofuel revenue increased 50.7% to $12.3 million.
  • The company recorded a net loss of $20.6 million ($0.47 per share) for Q1 2026 compared to a loss of $18.1 million in Q1 2025.
  • Adjusted EBITDA for the quarter was a loss of $13.8 million, excluding a $9.1 million realized derivative loss & $3.2 million in weather-related impacts.
  • Winter Storm Fern caused a 30-day operational disruption at the Batesville facility, resulting in lost production volume & repair costs.
  • FutureFuel announced a $25 million customer-funded capacity addition in the Chemicals segment with additional up to $17 million committed for 2027.
  • Management anticipates positive full-year 2026 Adjusted EBITDA, excluding non-cash derivative timing differences related to physical commodity movements.
  • The Board of Directors reduced the quarterly cash dividend from $0.06 to $0.01 per share effective Q2 2026 to fund growth investments.
  • Recent U.S. regulatory actions include EPA finalizing Renewable Fuel Standard "Set 2" mandates & Treasury proposed regulations under Section 45Z extending credits through 2029.
  • Cash & equivalents decreased to $22.4 million as of March 31, 2026, from $51.3 million at year-end 2025 due to operating losses & working capital needs.
  • The Chemicals segment saw plant utilization rise to 54% in Q1 2026 from 33% in the prior-year period, supported by new customer wins & volume growth.
  • Biofuel sales volumes increased 18.8% in Q1 2026, though gross profit per gallon remained pressured by elevated feedstock costs.
  • Total volume growth was 61.6% for the quarter, driven by higher sales volumes & targeted price actions across both segments.
  • Capital expenditures reached $7.1 million in Q1 2026, up from $4.0 million in the prior year, focused on capacity expansion & new customer programs.
  • FutureFuel expects over 65% of its full-year 2026 capital spending to be customer-funded, supporting a capital-lite expansion approach.