FutureFuel Posts $0.19-per-Share Loss as Revenue Reaches $104.7 Million
Key Facts
FutureFuel reported a third-quarter 2026 net loss under generally accepted accounting principles of $8.4 million, or $0.19 per diluted share, on total revenue of $104.7 million. The company reported the results in a filing with the U.S. Securities and Exchange Commission. Compared with the third quarter of 2025, revenue improved from $22.7 million. The net loss also narrowed from $9.3 million, or $0.21 per diluted share, in the year-earlier period. The revenue jump came as biofuels sales recovered, while the quarterly bottom line remained in the red.
FutureFuel attributed the revenue increase to two main factors: volume and product mix, which added $36.3 million, and pricing, which added $45.7 million. The company said these factors had their largest effect in the biofuels segment. It said greater regulatory clarity helped the segment, alongside higher levels of compliance with renewable fuel blending and operational execution. Biofuels revenue rose to $87.8 million in the third quarter, compared with $7.1 million a year earlier. The segment's sales volume also increased by 11.3 million gallons year over year, an improvement the company linked to those regulatory and operational conditions.
By contrast, chemicals segment revenue was $16.9 million, up 8.6% year over year from $15.6 million in the third quarter of 2025. Revenue grew despite a 27% decline in the segment's sales volume compared with the same period a year earlier. The company attributed the volume decline to extended routine maintenance at two production units. FutureFuel estimated that outages and maintenance at the two units reduced adjusted EBITDA by about $4.3 million during the quarter. In the more distant annual comparison, the company had reported an adjusted EBITDA loss of $6.8 million in the third quarter of 2025, compared with a loss of $1.0 million in the third quarter of 2024.
FutureFuel had $21.3 million in cash and cash equivalents on September 30, 2026, down from $34.3 million on June 30. The company also had a $35 million revolving credit facility, with no borrowings outstanding at the end of September. In market trading, the company's shares, listed under the ticker FF, closed at $5.32 on November 6, 2026. These figures show the liquidity available at quarter-end, alongside a later reading of the stock during a November session. In the third quarter of 2025, the company had reported a net loss of $9.3 million, making this year's revenue improvement notable despite the continuing loss.
FutureFuel said it expects positive adjusted EBITDA in the fourth quarter and for full-year 2026, estimating fourth-quarter adjusted EBITDA at about $7 million. It also said it does not expect major planned maintenance at its Batesville facility through the end of the first quarter of 2027. The company scheduled a call to review the quarterly results and answer investor questions for November 10, 2026, at 11:00 a.m. Eastern Time. The call will allow investors to follow the results in detail and management's outlook for the coming period. In its second-quarter results announcement, the company had said it expected total proceeds of $22 million from monetizing credit balances in the second half of 2026, including $3 million in the third quarter and $19 million in the fourth quarter.