Alto Ingredients swings to Q2 profit on higher sales

Alto Ingredients

05/08/2026 21:51

Overview
Renewable fuels producer's Q2 sales rose 12% yr/yr to $245.7 mln
Q2 net income swung to $11.4 mln profit from $11.3 mln loss last year
Company established $50 mln at-the-market equity program for financial flexibility

Outlook
Company expects to expand capacity and optimize CO2 production through ongoing initiatives
Alto Ingredients says operating model is designed to generate positive adjusted EBITDA through commodity cycles
Company establishes $50 mln at-the-market equity program to pursue high-return organic opportunities

Result Drivers
DIVERSIFICATION STRATEGY - Co said flexibility to shift production toward higher-value end markets supported profitability
LEANER COST STRUCTURE - Co said a leaner cost structure contributed to consistent profitability
HIGHER SALES PRICES - Co reported higher average sales prices per gallon compared to prior year

Company press release: ID:nGNX3qwLw3

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Sales
Beat
$245.70 mln
$231.22 mln (2 Analysts)
Q2 EPS
 
$0.15
 
Q2 Net Income attributable
 
$11.40 mln
 
Q2 Adjusted EBITDA
Beat
$23.70 mln
$17.19 mln (2 Analysts)
Q2 Gross Profit
 
$16.60 mln
 

Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 2 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"
The average consensus recommendation for the renewable fuels peer group is "buy"
Wall Street's median 12-month price target for Alto Ingredients Inc is $9.00, about 70.1% above its August 4 closing price of $5.29

Reuters Recommended Reads
Aug 3 - Germany's Verbio prelim FY EBITDA tops guidance on higher selling prices
Aug 4 - ADM lifts 2026 profit forecast on strong margins, favorable biofuels outlook
Aug 3 - EPA gives Delek refinery biofuel relief, finds HF Sinclair petitions ineligible

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)