Quarterly ResultAug 10, 2026, 04:33 PM
FutureFuel Q2 Net Income $11.37M; Revenue $78.73M; LIFO Change
AI Summary
FutureFuel Corp. reported a net income of $11.37 million for the second quarter of 2026, a significant improvement from a net loss of $14.19 million in the prior year, with revenue more than doubling to $78.73 million. For the six months ended June 30, 2026, the company recorded a net loss of $9.21 million on revenue of $110.63 million. The company also changed its inventory accounting method from LIFO to weighted average cost, effective January 1, 2026, retrospectively adjusting prior periods. Operations were impacted by non-recurring costs from Winter Storm Fern and a tank farm fire.
Key Highlights
- Q2 2026 net income was $11.37 million, a significant improvement from a $14.19 million net loss in Q2 2025.
- Q2 2026 revenue increased to $78.73 million from $35.67 million in Q2 2025.
- Six-month 2026 net loss was $9.21 million, compared to a $32.28 million net loss in 2025.
- Company changed inventory accounting from LIFO to weighted average cost, effective Jan 1, 2026.
- Non-recurring costs of $1.89 million incurred from Winter Storm Fern and a tank farm fire.
- Cash and cash equivalents decreased to $34.37 million at June 30, 2026, from $51.32 million.
- Capital expenditures for the six months ended June 30, 2026, totaled $13.38 million.
- Recognized $1.85 million in SPTC and $2.48 million in CFPC for six months 2026.
Price Impact
More from FF