Can FutureFuel (NYSE:FF) Reach Positive Adjusted EBITDA by Year End?

Sonal Goyal

10 November 2026 06:56 PM AEDT

Can FutureFuel (NYSE:FF) Reach Positive Adjusted EBITDA by Year End?

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Key Highlights

Total revenues were $104.7 million, an increase of $82.0 million from a year earlier.
The GAAP net loss was $8.4 million, or $0.19 per diluted share.
Adjusted EBITDA was a loss of $4.9 million, improving by $0.4 million.
The company expects positive adjusted EBITDA in the fourth quarter and for full-year 2026.

FutureFuel Corp. (NYSE:FF) reported third-quarter 2026 total revenues of $104.7 million, an increase of $82.0 million from the prior-year period. The Batesville, Arkansas-based manufacturer of custom and performance chemicals and biofuels still posted a GAAP net loss of $8.4 million, or $0.19 per diluted share, and an adjusted EBITDA loss of $4.9 million. The company said it expects positive adjusted EBITDA in both the fourth quarter and the full year of 2026, a change from the third-quarter loss.

Revenue Increase and Segment Performance

The company did not provide a full breakdown of that increase in the summary figures, but it did give detail on its chemicals business.

FutureFuel operates in two broad areas, custom and performance chemicals and biofuels. Because the company did not split the increase by business, the contribution of each area cannot be measured from the summary figures.

Losses and Adjusted EBITDA

The company's GAAP net loss narrowed by $0.8 million, or $0.02 per share, compared with the prior-year quarter. The adjusted EBITDA loss of $4.9 million improved by $0.4 million from a year earlier. Both measures show smaller losses than the prior period, even though the company remains in negative territory on each.

Adjusted EBITDA is a non-GAAP measure that excludes depreciation, interest, taxes and certain other items.

The Path to Positive Adjusted EBITDA

The company's chemicals and biofuels businesses operate on different cycles.

The two businesses have different drivers, so the company's consolidated results can move in different directions in a single quarter.

Final Word

FutureFuel's third quarter combines a large year-over-year Revenue increase with a continued net loss and an adjusted EBITDA loss that narrowed modestly.

FAQs

Q: What were FutureFuel's total revenues in the third quarter of 2026?

A: Total revenues were $104.7 million, an increase of $82.0 million from the prior-year quarter.

Q: What was the GAAP net loss?

A: The company reported a GAAP net loss of $8.4 million, or $0.19 per diluted share.

Q: What is the adjusted EBITDA outlook?

A: FutureFuel expects positive adjusted EBITDA in the fourth quarter and for the full year 2026.

Q: How did the chemicals business perform?

A: Chemical revenue increased $1.3 million, despite lower sales volumes.

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