Fuel Tech Q4 revenue jumps, driven by FUEL CHEM, APC segments

Fuel Tech

03/03/2026 21:27

Overview

Technology firm reported Q4 revenue rose 37% yr/yr, driven by FUEL CHEM and APC segments

Net loss for Q4 2025 narrowed to $1.2 mln from $1.9 mln yr/yr

Company maintained strong balance sheet with no long-term debt

Outlook

Fuel Tech projects $75-100 mln in sales opportunities related to data center construction

Result Drivers

FUEL CHEM GROWTH - FUEL CHEM segment revenue rose 37.4% in Q4 2025, driven by a new customer demonstration and extended coal unit operations

APC REVENUE INCREASE - APC segment revenue rose 36.7% in Q4 2025, though full-year revenue declined due to project timing and customer delays

Company press release: ID:nGNX3yLb2G

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q4 Revenue
Miss
$7.25 mln
$7.47 mln (1 Analyst)
Q4 EPS
-$0.04
Q4 Net Income
-$1.20 mln
Q4 Basic EPS
-$0.04
Q4 Operating Income
-$1.43 mln
Q4 Pretax Profit
-$1.20 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"

Wall Street's median 12-month price target for Fuel Tech Inc is $4.00, about 168.5% above its March 2 closing price of $1.49

The stock recently traded at 6,798 times the next 12-month earnings vs. a P/E of 8,212 three months ago

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.)