Quarterly ResultMay 6, 2026, 04:29 PM
Alto Ingredients Q1 Net Income $4.0M; Adjusted EBITDA $4.7M
AI Summary
Alto Ingredients, Inc. reported a significant turnaround in its first quarter 2026 financial results, achieving profitability in a seasonally weak period. The company posted a net income of $4.0 million and adjusted EBITDA of $4.7 million, driven by strong export sales, higher crush margins, and Section 45Z tax credits. Management emphasized strategic realignment, operational improvements, and plans to enhance asset value through optimization projects and leveraging tax credits and CO2 production.
Key Highlights
- Net income attributable to common stockholders was $4.0 million, or $0.05 per diluted share, compared to a net loss of $12.0 million in Q1 2025.
- Adjusted EBITDA was $4.7 million, a $9.1 million improvement from negative $4.4 million in Q1 2025.
- Gross profit increased to $9.2 million from a gross loss of $1.8 million in Q1 2025.
- Net sales were $224.7 million, a slight decrease from $226.5 million in Q1 2025.
- Pekin Campus production gross profit improved to $8.186 million from a loss of $3.073 million in Q1 2025.
- Transferable tax credits contributed $3.9 million to income in Q1 2026.
- Cash and cash equivalents were $20.3 million at March 31, 2026.
- Essential ingredients return percentage increased to 53.4% from 48.2%.
Price Impact
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