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FutureFuel Announces Third Quarter 2026 Results

FF
  • FutureFuel Corp reported third-quarter 2026 total revenues of $104.7 million, a $82.0 million increase from the prior-year period.
  • The company recorded a GAAP net loss of $8.4 million, or $0.19 per diluted share, compared to a loss of $9.2 million in the third quarter of 2025.
  • Adjusted EBITDA for the quarter was a loss of $4.9 million, an improvement of $0.4 million from the prior-year period.
  • Chemical segment revenue rose 8.6% to $16.9 million despite a 27% decline in sales volume due to customer turnaround activities.
  • Biofuels segment revenue surged to $87.8 million driven by an 11.3 million-gallon volume increase, though the segment reported a gross loss of $9.8 million due to elevated feedstock costs.
  • Production utilization in the biofuels segment reached 83% in the third quarter, up from 56% in the second quarter.
  • The company anticipates positive Adjusted EBITDA for the fourth quarter of 2026, with guidance of approximately $7 million.
  • FutureFuel expects full-year 2026 Adjusted EBITDA to be positive, excluding unrealized derivative gains or losses.
  • Cash and cash equivalents decreased to $21.3 million as of September 30, 2026, from $34.3 million at the end of the second quarter.
  • A new European customer relationship was established in the third quarter, with initial production batches expected in Q1 2027.
  • Capital expenditures for the full year 2026 are projected at $25.8 million, including $10.2 million in customer-funded growth investments.
  • Approximately 74% of discretionary capital expenditures in the first nine months of 2026 were customer-funded.
  • The company holds 0.7 million internally generated RINs valued at $1.5 million for delivery in the fourth quarter.
  • A conference call to discuss results is scheduled for November 10, 2026, at 11:00 a.m. ET.
  • FutureFuel maintains a $35 million revolving credit facility with no outstanding borrowings as of the quarter-end.
Company
FutureFuel Corp.
Keywords
NYSE:FF, FutureFuel Corp.