FutureFuel Releases First Quarter 2025 Results
FutureFuel Corp. (NYSE: FF) reported challenging Q1 2025 financial results, with revenues declining 70% to $17.5 million compared to $58.3 million in Q1 2024. The company recorded a net loss of $17.6 million ($0.40 per share), down from a net income of $4.3 million ($0.10 per share) year-over-year. Adjusted EBITDA fell to ($16.1) million from $7.1 million.
The performance decline was primarily attributed to lower biofuel volumes due to a strategic maintenance turnaround at their Batesville, Arkansas facilities from December through March. The company maintains a quarterly dividend of $0.06 per share. Despite current challenges, FutureFuel is progressing with a new backward-integrated capacity project expected to launch in late summer 2025. The company's cash position stood at $97.1 million as of March 31, 2025.
FutureFuel Corp. (NYSE: FF) ha riportato risultati finanziari difficili nel primo trimestre 2025, con ricavi in calo del 70% a 17,5 milioni di dollari rispetto ai 58,3 milioni di dollari del primo trimestre 2024. L'azienda ha registrato una perdita netta di 17,6 milioni di dollari (0,40 dollari per azione), rispetto a un utile netto di 4,3 milioni di dollari (0,10 dollari per azione) nello stesso periodo dell'anno precedente. L'EBITDA rettificato è sceso a (16,1) milioni di dollari da 7,1 milioni di dollari.
Il calo delle performance è stato principalmente causato da volumi inferiori di biocarburanti a seguito di una manutenzione strategica presso gli impianti di Batesville, Arkansas, effettuata da dicembre a marzo. L'azienda mantiene un dividendo trimestrale di 0,06 dollari per azione. Nonostante le difficoltà attuali, FutureFuel sta avanzando con un nuovo progetto di capacità integrata a ritroso, previsto per il lancio alla fine dell'estate 2025. La posizione di cassa della società era di 97,1 milioni di dollari al 31 marzo 2025.
FutureFuel Corp. (NYSE: FF) reportó resultados financieros desafiantes en el primer trimestre de 2025, con ingresos que disminuyeron un 70% a 17,5 millones de dólares en comparación con 58,3 millones de dólares en el primer trimestre de 2024. La compañía registró una pérdida neta de 17,6 millones de dólares (0,40 dólares por acción), frente a una ganancia neta de 4,3 millones de dólares (0,10 dólares por acción) año tras año. El EBITDA ajustado cayó a (16,1) millones de dólares desde 7,1 millones de dólares.
La disminución en el desempeño se atribuyó principalmente a menores volúmenes de biocombustibles debido a un mantenimiento estratégico en sus instalaciones de Batesville, Arkansas, realizado de diciembre a marzo. La compañía mantiene un dividendo trimestral de 0,06 dólares por acción. A pesar de los desafíos actuales, FutureFuel avanza con un nuevo proyecto de capacidad integrada hacia atrás que se espera lanzar a finales del verano de 2025. La posición de efectivo de la compañía era de 97,1 millones de dólares al 31 de marzo de 2025.
FutureFuel Corp. (NYSE: FF)는 2025년 1분기 실적에서 매출이 전년 동기 대비 70% 감소한 1,750만 달러를 기록하며 어려운 성과를 보고했습니다. 순손실은 1,760만 달러(주당 0.40달러)로, 전년 동기 순이익 430만 달러(주당 0.10달러)에서 큰 폭으로 하락했습니다. 조정 EBITDA는 710만 달러에서 (1,610만 달러)로 감소했습니다.
실적 부진은 주로 12월부터 3월까지 아칸소주 베이츠빌 시설에서 전략적 유지보수 작업으로 인해 바이오연료 생산량이 감소한 데 기인합니다. 회사는 분기 배당금으로 주당 0.06달러를 유지하고 있습니다. 현재의 어려움에도 불구하고 FutureFuel는 2025년 늦여름에 출시 예정인 새로운 역통합 용량 프로젝트를 진행 중입니다. 2025년 3월 31일 기준 회사의 현금 보유액은 9,710만 달러였습니다.
FutureFuel Corp. (NYSE : FF) a annoncé des résultats financiers difficiles pour le premier trimestre 2025, avec un chiffre d'affaires en baisse de 70 % à 17,5 millions de dollars contre 58,3 millions de dollars au premier trimestre 2024. La société a enregistré une perte nette de 17,6 millions de dollars (0,40 dollar par action), contre un bénéfice net de 4,3 millions de dollars (0,10 dollar par action) un an plus tôt. L'EBITDA ajusté est passé de 7,1 millions de dollars à (16,1) millions de dollars.
Cette baisse de performance est principalement due à des volumes de biocarburants réduits en raison d'une maintenance stratégique dans leurs installations de Batesville, Arkansas, de décembre à mars. La société maintient un dividende trimestriel de 0,06 dollar par action. Malgré les défis actuels, FutureFuel progresse avec un nouveau projet de capacité intégrée en amont, prévu pour un lancement à la fin de l'été 2025. La trésorerie de la société s'élevait à 97,1 millions de dollars au 31 mars 2025.
FutureFuel Corp. (NYSE: FF) meldete herausfordernde Finanzergebnisse für das erste Quartal 2025, mit einem Umsatzrückgang von 70 % auf 17,5 Millionen US-Dollar im Vergleich zu 58,3 Millionen US-Dollar im ersten Quartal 2024. Das Unternehmen verzeichnete einen Nettoverlust von 17,6 Millionen US-Dollar (0,40 US-Dollar pro Aktie), gegenüber einem Nettogewinn von 4,3 Millionen US-Dollar (0,10 US-Dollar pro Aktie) im Vorjahreszeitraum. Das bereinigte EBITDA fiel von 7,1 Millionen US-Dollar auf (16,1) Millionen US-Dollar.
Der Leistungsrückgang wurde hauptsächlich auf geringere Biokraftstoffmengen zurückgeführt, bedingt durch eine strategische Wartung in den Anlagen in Batesville, Arkansas, von Dezember bis März. Das Unternehmen hält eine vierteljährliche Dividende von 0,06 US-Dollar pro Aktie aufrecht. Trotz der aktuellen Herausforderungen arbeitet FutureFuel an einem neuen rückwärtsintegrierten Kapazitätsprojekt, das voraussichtlich Ende Sommer 2025 starten wird. Die Barreserve des Unternehmens belief sich zum 31. März 2025 auf 97,1 Millionen US-Dollar.
- Strategic maintenance turnaround completed to enhance plant reliability, quality capabilities, and usable capacity
- New backward-integrated capacity project on track for late summer 2025 launch
- Strong cash position of $97.1 million maintained
- Flexible operating conditions allow processing of wide range of feedstocks, providing competitive advantage
- Continued quarterly dividend payments of $0.06 per share
- Revenue declined 70% to $17.5 million in Q1 2025
- Net loss of $17.6 million compared to net income of $4.3 million in Q1 2024
- Negative Adjusted EBITDA of ($16.1) million, down from positive $7.1 million
- Reduced throughput and increased maintenance costs impacting operations
- Uncertainty regarding Clean Fuel Producers Tax Credit (IRA 45Z) implementation
Insights
FutureFuel's significant Q1 losses stem from strategic plant turnaround amid challenging biofuel market conditions.
FutureFuel's Q1 2025 results reveal a concerning financial picture, with revenues plummeting
The primary driver behind these disappointing results was an extended turnaround (maintenance period) at their Batesville, Arkansas facilities, which ran from December through March. This strategic decision to advance maintenance was made to coincide with anticipated weakness in biodiesel margins. The extended downtime was further prolonged by severe weather conditions, significantly impacting both biofuel (
The biodiesel industry faces sector-wide challenges following the expiration of the Blenders Tax Credit (BTC) and uncertainty surrounding the new Clean Fuel Producers Tax Credit (IRA 45Z). This regulatory transition has created a difficult operating environment across the renewable fuels space.
Despite these headwinds, management maintains a long-term optimistic outlook, pointing to their 20 years of experience navigating biodiesel market cycles. The company highlights three strategic advantages: feedstock flexibility, diversification through their chemicals segment, and upcoming capacity expansion expected to generate revenue by Q3 2025.
Cash position remains relatively strong at
Reports Net Loss of
CLAYTON, Mo., May 12, 2025 (GLOBE NEWSWIRE) -- FutureFuel Corp. (NYSE: FF) (“FutureFuel”), a manufacturer of custom and performance chemicals and biofuels, today announced financial results for the first quarter ended March 31, 2025.
First quarter 2025 Financial Highlights (all comparisons are with the first quarter of 2024)
- Revenues were
$17.5 million , a decrease of70% or$40.7 million compared to$58.3 million . - Net loss was
$17.6 million , or$0.40 per diluted share, down from a net income of$4.3 million , or$0.10 per diluted share. - Adjusted EBITDA(1) was (
$16.1) million , down from$7.1 million .
(1) A non-GAAP financial measure. See “Non-GAAP Financial Measures” for a description of the measure and a reconciliation to the applicable GAAP measure.
“FutureFuel experienced lower biofuel volumes in the first quarter, primarily due to the turnaround of our main production facilities in Batesville, Arkansas. This strategic maintenance period—originally scheduled for later in the year—was advanced to align with anticipated weakness in biodiesel margins. The turnaround, which ran from December through March, was aimed at significantly enhancing plant reliability, quality capabilities, and usable capacity. Following the turnaround, chemical operations resumed in mid-March, and biodiesel production restarted at the end of March.
Unlike newer entrants to the market, FutureFuel has been producing renewable fuels since 2005. With two decades of experience, we have developed deep expertise in navigating the inherent cyclicality of the biodiesel business. Historically, periods of low biodiesel margins have proven temporary: economic pressures force less-efficient capacity offline, which improves both credit pricing and feedstock costs—ultimately restoring biodiesel profitability. Throughout these cycles, FutureFuel has remained focused on maintaining advantaged margins and emphasizing operational efficiency during downturns.
FutureFuel is actively engaging with Biodiesel industry groups like SABR (www.sabrcoalition.org) which advocates for clarity regarding IRA 45Z and the reinstatement of the blenders' tax credit 40 A. The biodiesel industry is a critical component of the nation’s fuel supply and plays an integral role in achieving our national renewable fuel goals and obligations.
While we are not immune to the industry’s headwinds, our plant’s ability to process a wide range of feedstocks gives us a structural advantage over many peers. These flexible operating conditions—combined with the steady contribution from our chemicals segment—allow us to sustain through challenging markets and capture superior economics during recovery. As the industry and regulators engage to clarify elements of the Clean Fuel Producers Tax Credit (IRA 45Z), which replaced the Blenders Tax Credit (BTC 40A) as of January 1, 2025, we continue to invest in growth. Our new backward-integrated capacity project remains on track and is expected to come online in late summer 2025. We anticipate it will begin contributing revenue by the end of the third quarter.
We are also pleased to welcome Pam Butcher to the FutureFuel Board of Directors. Pam brings extensive leadership experience in the chemical industry and will play a key role in advancing our growth strategy. She joins Richard Rowe and Bruce Greer, both of whom joined the Board last year, as part of our continued commitment to strengthening our strategic leadership,” said Roeland Polet, Chief Executive Officer for FutureFuel Corp.
2025 Cash Dividends
In the first three months of 2025, FutureFuel paid a regular quarterly cash dividend in the amount of
Financial Overview and Key Operating Metrics
Financial and operating metrics, which include non-GAAP financial measures (see “Non-GAAP Financial Measures” for additional information), include all dollar amounts in thousands, except per share amounts:
| FutureFuel Corp. Certain Financial and Operating Metrics (Unaudited) | ||||||||||||||||
| Three Months Ended March 31, | ||||||||||||||||
| Dollar | % | |||||||||||||||
| 2025 | 2024 | Change | Change | |||||||||||||
| Revenue | $ | 17,538 | $ | 58,281 | $ | (40,743 | ) | (70 | )% | |||||||
| (Loss) income from operations | $ | (18,838 | ) | $ | 2,198 | $ | (21,036 | ) | na | |||||||
| Net (loss) income | $ | (17,643 | ) | $ | 4,330 | $ | (21,973 | ) | na | |||||||
| (Loss) earnings per common share: | ||||||||||||||||
| Basic | $ | (0.40 | ) | $ | 0.10 | $ | (0.50 | ) | na | |||||||
| Diluted | $ | (0.40 | ) | $ | 0.10 | $ | (0.50 | ) | na | |||||||
| Adjusted EBITDA | $ | (16,057 | ) | $ | 7,108 | $ | (23,165 | ) | na | |||||||
Financial Results Q1 2025 versus Q1 2024
Consolidated sales revenue in the three months ended March 31, 2025 decreased
Income from operations in the three months ended March 31, 2025 decreased
Capital Expenditures
Capital expenditures were
Cash and Cash Equivalents
Cash and cash equivalents totaled
About FutureFuel
FutureFuel is a leading manufacturer of diversified chemical products and biofuels. FutureFuel’s chemicals segment manufactures specialty chemicals for specific customers (“custom chemicals”) as well as multi-customer specialty chemicals (“performance chemicals”). FutureFuel’s custom manufacturing product portfolio includes proprietary agrochemicals, adhesion promoters, a biocide intermediate, and an antioxidant precursor. FutureFuel’s performance chemicals products include a portfolio of proprietary nylon and polyester polymer modifiers and several small-volume specialty chemicals and solvents for diverse applications. FutureFuel’s biofuels segment primarily produces and sells biodiesel to its customers. Please visit www.futurefuelcorporation.com for more information.
Forward-Looking Statements
This document contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements deal with FutureFuel’s current plans, intentions, beliefs, and expectations, and statements of future economic performance. Statements containing such terms as “believe,” “do not believe,” “plan,” “expect,” “intend,” “estimate,” “anticipate,” and other phrases of similar meaning are considered to contain uncertainty and are forward-looking statements. In addition, from time-to-time FutureFuel or its representatives have made or will make forward-looking statements orally or in writing. Furthermore, such forward-looking statements may be included in various filings that the company makes with United States Securities and Exchange Commission (the “SEC”), in press releases, or in oral statements made by or with the approval of one of FutureFuel’s authorized executive officers.
These forward-looking statements are subject to certain known and unknown risks and uncertainties, as well as assumptions that could cause actual results to differ materially from those reflected in these forward-looking statements. Factors that might cause actual results to differ include, but are not limited to, those set forth under the headings “Risk Factors” and “Management’s Discussion and Analysis of Financial Condition and Results of Operations” in FutureFuel’s Form 10-K Annual Report for the year ended December 31, 2024, and in its future filings made with the SEC. An investor should not place undue reliance on any forward-looking statements contained in this document, which reflect FutureFuel management’s opinions only as of their respective dates. Except as required by law, the company undertakes no obligation to revise or publicly release the results of any revisions to forward-looking statements. The risks and uncertainties described in this document and in current and future filings with the SEC are not the only ones faced by FutureFuel. New factors emerge from time to time, and it is not possible for the company to predict which will arise. There may be additional risks not presently known to the company or that the company currently believes are immaterial to its business. In addition, FutureFuel cannot assess the impact of each factor on its business or the extent to which any factor, or combination of factors, may cause actual results to differ materially from those contained in any forward-looking statements. If any such risks occur, FutureFuel’s business, operating results, liquidity, and financial condition could be materially affected in an adverse manner. An investor should consult any additional disclosures FutureFuel has made or will make in its reports to the SEC on Forms 10-K, 10-Q, and 8-K, and any amendments thereto. All subsequent written and oral forward-looking statements attributable to FutureFuel or persons acting on its behalf are expressly qualified in their entirety by the cautionary statements contained in this document.
Non-GAAP Financial Measures
In this press release, FutureFuel used adjusted EBITDA as a key operating metric to measure both performance and liquidity. Adjusted EBITDA is a non-GAAP financial measure. Adjusted EBITDA is not a substitute for operating income, net income, or cash flow from operating activities (each as determined in accordance with GAAP), as a measure of performance or liquidity. Adjusted EBITDA has limitations as an analytical tool, and should not be considered in isolation or as a substitute for analysis of results as reported under GAAP. FutureFuel defines adjusted EBITDA as net income before interest, income taxes, depreciation, and amortization expenses, excluding, when applicable, non-cash share-based compensation expense, public offering expenses, acquisition-related transaction costs, purchase accounting adjustments, loss on disposal of property and equipment, non-cash gains or losses on derivative instruments, and other non-operating income or expense. Information relating to adjusted EBITDA is provided so that investors have the same data that management employs in assessing the overall operation and liquidity of FutureFuel’s business. FutureFuel’s calculation of adjusted EBITDA may be different from similarly titled measures used by other companies; therefore, the results of its calculation are not necessarily comparable to the results of other companies.
Adjusted EBITDA allows FutureFuel’s chief operating decision makers to assess the performance and liquidity of FutureFuel’s business on a consolidated basis to assess the ability of its operating segments to produce operating cash flow to fund working capital needs, to fund capital expenditures, and to pay dividends. In particular, FutureFuel management believes that adjusted EBITDA permits a comparative assessment of FutureFuel’s operating performance and liquidity, relative to a performance and liquidity based on GAAP results, while isolating the effects of depreciation and amortization, which may vary among its operating segments without any correlation to their underlying operating performance, and of non-cash stock-based compensation expense, which is a non-cash expense that varies widely among similar companies, and non-cash gains and losses on derivative instruments, whose immediate recognition can cause net income to be volatile from quarter to quarter due to the timing of the valuation change in the derivative instruments relative to the sale of biofuel.
A table included in this earnings release reconciles adjusted EBITDA with net income, the most directly comparable GAAP performance financial measure, and a table reconciles adjusted EBITDA with cash flows from operations, the most directly comparable GAAP liquidity financial measure.
| FutureFuel Corp. Condensed Consolidated Balance Sheets (Dollars in thousands) (Unaudited) | ||||||||
| March 31, 2025 | December 31, 2024 | |||||||
| Assets | ||||||||
| Cash and cash equivalents | $ | 97,071 | $ | 109,541 | ||||
| Accounts receivable, inclusive of the blenders' tax credit of | 7,928 | 21,896 | ||||||
| Inventory, net | 26,664 | 20,643 | ||||||
| Other current assets | 11,714 | 12,706 | ||||||
| Total current assets | 143,377 | 164,786 | ||||||
| Property, plant and equipment, net | 79,806 | 78,538 | ||||||
| Other assets | 4,486 | 4,367 | ||||||
| Total noncurrent assets | 84,292 | 82,905 | ||||||
| Total Assets | $ | 227,669 | $ | 247,691 | ||||
| Liabilities and Stockholders’ Equity | ||||||||
| Accounts payable, inclusive of the blenders' tax credit rebates due customers of | $ | 6,717 | $ | 10,622 | ||||
| Dividends payable | 8,071 | 10,699 | ||||||
| Other current liabilities | 15,748 | 11,986 | ||||||
| Total current liabilities | 30,536 | 33,307 | ||||||
| Deferred revenue – long-term | 6,093 | 6,324 | ||||||
| Other noncurrent liabilities | 2,636 | 2,239 | ||||||
| Total noncurrent liabilities | 8,729 | 8,563 | ||||||
| Total liabilities | 39,265 | 41,870 | ||||||
| Commitments and contingencies | ||||||||
| Preferred stock, | - | - | ||||||
| Common stock, | 4 | 4 | ||||||
| Additional paid in capital | 205,661 | 205,434 | ||||||
| Retained earnings (accumulated deficit) | (17,261 | ) | 383 | |||||
| Total Stockholders’ Equity | 188,404 | 205,821 | ||||||
| Total Liabilities and Stockholders’ Equity | $ | 227,669 | $ | 247,691 | ||||
| FutureFuel Corp. Condensed Consolidated Statements of Operations and Net Income (Dollars in thousands, except per share amounts) (Unaudited) | ||||||||
| Three Months Ended | ||||||||
| March 31, | ||||||||
| 2025 | 2024 | |||||||
| Revenue | $ | 17,538 | $ | 58,281 | ||||
| Cost of goods sold and distribution | 32,101 | 53,274 | ||||||
| Gross (loss) profit | (14,563 | ) | 5,007 | |||||
| Selling, general, and administrative expenses | 2,884 | 1,903 | ||||||
| Research and development expenses | 1,391 | 906 | ||||||
| Total operating expenses | 4,275 | 2,809 | ||||||
| (Loss) income from operations | (18,838 | ) | 2,198 | |||||
| Interest and dividend income | 1,237 | 2,800 | ||||||
| Other (expense) income, net | (36 | ) | (36 | ) | ||||
| Other income, net | 1,201 | 2,764 | ||||||
| (Loss) income before income taxes | (17,637 | ) | 4,962 | |||||
| Income tax provision | 6 | 632 | ||||||
| Net (loss) income | $ | (17,643 | ) | $ | 4,330 | |||
| (Loss) earnings per common share | ||||||||
| Basic | $ | (0.40 | ) | $ | 0.10 | |||
| Diluted | $ | (0.40 | ) | $ | 0.10 | |||
| Weighted average shares outstanding | ||||||||
| Basic | 43,803,243 | 43,763,243 | ||||||
| Diluted | 43,803,243 | 43,763,243 | ||||||
| FutureFuel Corp. Consolidated Statements of Cash Flows (Dollars in thousands) (Unaudited) | ||||||||
| Three Months Ended March 31, | ||||||||
| 2025 | 2024 | |||||||
| Cash flows from operating activities | ||||||||
| Net income | $ | (17,643 | ) | $ | 4,330 | |||
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||||||
| Depreciation | 2,328 | 2,615 | ||||||
| Amortization of deferred financing costs | 26 | 26 | ||||||
| Provision for deferred income taxes | - | 626 | ||||||
| Change in fair value of derivative instruments | 259 | 2,274 | ||||||
| Stock based compensation | 226 | 22 | ||||||
| Gain on disposal of property, plant, and equipment | (31 | ) | - | |||||
| Noncash interest expense | 9 | 9 | ||||||
| Changes in operating assets and liabilities: | ||||||||
| Accounts receivable | 13,968 | 4,047 | ||||||
| Accounts receivable – related parties | - | (7 | ) | |||||
| Inventory | (6,021 | ) | (22,758 | ) | ||||
| Income tax receivable | 6 | 5 | ||||||
| Prepaid expenses | 1,075 | 1,149 | ||||||
| Prepaid expenses – related parties | (12 | ) | - | |||||
| Other assets | (6 | ) | (289 | ) | ||||
| Accounts payable | (3,404 | ) | (5,753 | ) | ||||
| Accounts payable – related parties | (94 | ) | - | |||||
| Accrued expenses and other current liabilities | 3,616 | 2,354 | ||||||
| Deferred revenue | (85 | ) | (861 | ) | ||||
| Other noncurrent liabilities | 388 | - | ||||||
| Net cash used in operating activities | (5,395 | ) | (12,211 | ) | ||||
| Cash flows from investing activities | ||||||||
| Collateralization of derivative instruments | (110 | ) | (1,212 | ) | ||||
| Proceeds from the sale of property and equipment | 31 | - | ||||||
| Capital expenditures | (4,003 | ) | (2,273 | ) | ||||
| Net cash used in provided by investing activities | (4,082 | ) | (3,485 | ) | ||||
| Cash flows from financing activities | ||||||||
| Payment of dividends | (2,628 | ) | (2,626 | ) | ||||
| Deferred financing costs | (365 | ) | - | |||||
| Net cash used in financing activities | (2,993 | ) | (2,626 | ) | ||||
| Net change in cash and cash equivalents | (12,470 | ) | (18,322 | ) | ||||
| Cash and cash equivalents at beginning of period | 109,541 | 219,444 | ||||||
| Cash and cash equivalents at end of period | $ | 97,071 | $ | 201,122 | ||||
| Cash dividends declared in the current period, not paid | $ | - | $ | 109,408 | ||||
| Noncash capital expenditures | (407 | ) | 536 | |||||
| FutureFuel Corp. Reconciliation of Non-GAAP Financial Measure to Financial Measure (Dollars in thousands) (Unaudited) | ||||||||
| Reconciliation of Adjusted EBITDA to Net Income | ||||||||
| Three Months Ended | ||||||||
| March 31, | ||||||||
| 2025 | 2024 | |||||||
| Net (loss) income | $ | (17,643 | ) | $ | 4,330 | |||
| Depreciation | 2,328 | 2,615 | ||||||
| Non-cash stock-based compensation | 226 | 22 | ||||||
| Interest and dividend income | (1,237 | ) | (2,800 | ) | ||||
| Non-cash interest expense and amortization of deferred financing costs | 35 | 35 | ||||||
| Gain on disposal of property and equipment | (31 | ) | - | |||||
| Unrealized loss on derivative instruments | 259 | 2,274 | ||||||
| Income tax provision | 6 | 632 | ||||||
| Adjusted EBITDA | $ | (16,057 | ) | $ | 7,108 | |||
| Reconciliation of Adjusted EBITDA to Net Cash Provided by Operating Activities | ||||||||
| Three Months Ended | ||||||||
| March 31, | ||||||||
| 2025 | 2024 | |||||||
| Net cash used in operating activities | $ | (5,395 | ) | $ | (12,211 | ) | ||
| Deferred income taxes, net | - | (626 | ) | |||||
| Interest and dividend income | (1,237 | ) | (2,800 | ) | ||||
| Income tax provision | 6 | 632 | ||||||
| Changes in operating assets and liabilities, net | (9,431 | ) | 22,113 | |||||
| Adjusted EBITDA | $ | (16,057 | ) | $ | 7,108 | |||
| FutureFuel Corp. Condensed Consolidated Segment Income (Dollars in thousands) (Unaudited) | ||||||||
| Three Months Ended | ||||||||
| March 31, | ||||||||
| 2025 | 2024 | |||||||
| Revenue | ||||||||
| Custom chemicals | $ | 8,409 | $ | 15,427 | ||||
| Performance chemicals | 956 | 2,632 | ||||||
| Chemical revenue | 9,365 | 18,059 | ||||||
| Biofuel revenue | 8,173 | 40,222 | ||||||
| Total Revenue | $ | 17,538 | $ | 58,281 | ||||
| Segment gross (loss) profit | ||||||||
| Chemical | $ | (5,729 | ) | $ | 4,021 | |||
| Biofuel | (8,834 | ) | 986 | |||||
| Total gross (loss) profit | $ | (14,563 | ) | $ | 5,007 | |||
As of March 31, 2025, FutureFuel held 2.3 million RINs with a fair market value of
COMPANY CONTACT
FutureFuel Corp.
Roeland Polet
(314) 854-8352
www.futurefuelcorporation.com
FAQ
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