Fuel Tech Q1 revenue falls 5%, net loss widens on FUEL CHEM weakness

Fuel Tech

05/05/2026 21:23

Overview

US emissions control tech firm's Q1 revenue fell 5% yr/yr on lower FUEL CHEM sales

Net loss widened to $1.4 mln, or $0.04 per share, from $0.7 mln a year earlier

Company secured $10 mln in new APC contracts, raising proforma backlog to highest since 2018

Outlook

Company expects another solid year for its FUEL CHEM business segment

Fuel Tech says DGI demonstration project will conclude in Q2 2026

Result Drivers

APC SEGMENT GROWTH - Revenue in the Air Pollution Control segment rose 23%, driven by project timing and ancillary business activity

FUEL CHEM DECLINE - FUEL CHEM segment revenue fell due to seasonal maintenance outages and dispatch-related decreases in demand

HIGHER SG&A EXPENSES - SG&A expenses increased due to higher employee-related expenses and professional fees

Company press release: ID:nGNX6CkCJ2

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
Miss
$6.08 mln
$7.62 mln (1 Analyst)
Q1 EPS
-$0.04
Q1 Net Income
-$1.36 mln
Q1 Basic EPS
-$0.04
Q1 Operating Income
-$1.60 mln
Q1 Pretax Profit
-$1.36 mln


Analyst Coverage

The one available analyst rating on the shares is "buy"

The average consensus recommendation for the environmental services & equipment peer group is "buy"

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.)