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FutureFuel Q2 revenue falls 51%

Overview

FutureFuel Q2 revenue declines 51% yr/yr due to challenging BioDiesel market

Net loss reported for Q2, contrasting with net income last year

Company idles biodiesel plant, focusing on chemicals segment expansion

Outlook

FutureFuel plans to resume biodiesel production later in 2025 or early 2026

FutureFuel sees clarity on IRA 45Z as positive for biodiesel industry

Company to complete new production facility commissioning in Q3 2025

Result Drivers

BIODIESEL CHALLENGES - High input prices and uncertainty over government support led to idling of biodiesel plant

CHEMICALS EXPANSION - Co expands chemicals business pipeline with new projects and facility nearing completion

MARKET CONDITIONS - Weak market demand and delayed production start-up affected chemicals segment performance

Key Details

MetricBeat/MissActualConsensus Estimate
Q2 Revenue$35.70 mln
Q2 Net Income-$10.40 mln
Q2 Adjusted EBITDA-$9.80 mln
Press Release: ID:nGNXc0CPMx (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.)

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