Future Fuel Corporation 2026 Q2 Earnings Call
Review the key takeaways and the transcript of this earnings call.
- FutureFuel Corp reported second quarter 2026 revenue of $78.7 million, a 120.7% increase from $35.7 million in Q2 2025, driven by higher throughputs, improved revenue mix, and higher average pricing in both chemical and biofuels segments.
- Total production increased 26% year over year in Q2 2026, with chemical segment production up 34% and biofuel segment production up 21% despite a three-week biodiesel plant outage.
- Chemical segment revenue rose to $25.8 million from $16.6 million, with gross profit improving to $5 million from $1.1 million year over year.
- Biofuel segment revenue increased to $52.9 million from $19.1 million, with gross profit of $10.1 million compared to a gross loss of $13.5 million in the prior year period.
- Net income was $11.4 million in Q2 2026 versus a net loss of $14.2 million in Q2 2025; adjusted EBITDA was $11.8 million compared to a loss of $11.4 million.
- The company improved plant reliability and utilization, with chemical capacity utilization at 65% and biofuel capacity utilization at 56% in Q2 2026.
- Net cash flow from operations was $18.8 million in Q2 2026; capital expenditures totaled $8 million in the quarter, including $1.9 million of customer-funded investments.
- As of June 30, 2026, FutureFuel had $34.3 million in cash and cash equivalents and a $35 million revolving credit facility with no borrowings.
- The company secured a four-year agreement to monetize Section 45Z clean fuel production and small producer tax credits, expecting $22 million in gross proceeds in the second half of 2026.
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Transcript
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Welcome to the FutureFuel second quarter results conference call. At this time, all participants are in a listen-only mode. A question and answer session will follow a formal presentation. If anyone should require operator assistance, please press star zero on your telephone keypad. As a reminder, this conference is being recorded. It is now my pleasure to introduce Rose Sparks, Chief Financial Officer. Please go ahead. Thank you.
Good morning and welcome to the FutureFuel second quarter 2026 results conference call. Leading the call today are our Chairman and CEO, Roeland Polet, and I am Rose Sparks, the company's Chief Financial Officer. After the close of U.S. trading yesterday, we issued a press release detailing our second quarter operational and financial results. This release is publicly available in the investor relations section of our corporate website at www.futurefuelcorporation.com. I would like to remind you that management's commentary and responses to questions on today's conference call may include forward-looking statements, which, by their nature, are uncertain and outside the company's control. Although these forward-looking statements are based on management's current expectations and beliefs, actual results could differ materially. For a discussion of some of the factors that could cause actual results to differ, please refer to the Risk Factors section of our latest reports filed with the SEC.
Additionally, please note that you can find reconciliations of all historical non-GAAP financial measures mentioned on this call in the press release issued this morning. Today's call will begin with prepared remarks from Roeland Polet, who will provide a business update, followed by my review of our second quarter financial performance. At the conclusion of these prepared remarks, we will open the line for questions. With that, I will turn the call over to Roeland.
Thank you, Rose, and good morning, everyone. Thank you for joining our call today. Again, I am Roeland Polet, Chairman and Chief Executive Officer of FutureFuel. I joined the company nearly two years ago, following more than 35 years in the specialty chemicals industry, including senior leadership roles at global manufacturing companies such as Valspar, Celanese, and DHM Furmanesh. Since joining FutureFuel in late 2024, I have had the privilege of working alongside more than 500 dedicated employees to position the business for a new chapter of profitable growth and long-term value creation. Over that period, we have strengthened the foundation of the company, sharpened our strategic priorities, and developed a clear roadmap for the future, which I will be discussing in greater detail today. This is FutureFuel's first quarterly results conference call with investors in more than a decade.
With that in mind, my remarks today will serve as a reintroduction of the company, who we are, what we do, how we are competitively differentiated, and the opportunities we see to create meaningful shareholder value over time. Going forward, our leadership team is committed to providing shareholders with greater access, transparency, and insight into our business. The resumption of quarterly investor conference calls is an important step in that commitment and reflects our intention to engage more consistently with the investment community. With that introduction, and given that this is our first conference call together, let's begin with a high-level overview of our business for those less acquainted with us. FutureFuel is a 100% U.S.-based manufacturer operating through two distinct businesses, specialty chemicals and biofuels.
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