FutureFuel 2025 Q3 Earnings Net Loss Widens 680.5% Amid Biofuel Struggles

FutureFuel (FF) reported a significant widening of its losses in Q3 2025, driven by ongoing challenges in its biofuel segment. The company’s results fell short of prior-year profitability, with no explicit revenue or EPS guidance provided for future periods.

Revenue

FutureFuel’s total revenue plummeted by 55.6% to $22.69 million in Q3 2025, a sharp decline from $51.14 million in the same period last year. The Chemical segment accounted for the bulk of revenue at $15.58 million, while the Biofuel segment generated $7.11 million. Both segments faced headwinds, with the Biofuel division’s performance particularly impacted by production halts and regulatory uncertainties.

Earnings/Net Income

The company’s losses deepened significantly, with a net loss of $9.33 million in Q3 2025, representing a 680.5% increase from the $1.20 million loss in Q3 2024. On a per-share basis, the loss widened to $0.21 from $0.03. The deteriorating performance underscores the challenges in the biofuel market, with no immediate signs of stabilization.

Post-Earnings Price Action Review

Following the earnings release, FutureFuel’s stock price experienced a sharp decline, tumbling 11.34% during the latest trading day, 8.51% over the preceding full trading week, and 9.71% month-to-date. The pronounced sell-off reflects investor concerns over the company’s financial outlook and operational challenges.

CEO Commentary

Roeland Polet, CEO of FutureFuel, highlighted sequential improvements in net losses, which reduced to $9.3 million in Q3 from $17.6 million in Q1. He emphasized cost management in the biodiesel segment and strategic investments in plant reliability. The CEO also expressed cautious optimism about the Inflation Reduction Act (IRA) 45Z regulatory clarity and lower soybean oil input costs, which could enable biodiesel inventory replenishment ahead of a Q4 production restart. The chemicals business showed signs of recovery, with full-capacity operations and a $32.7 million backlog of projects expected to drive growth in 2026.

Guidance

FutureFuel expects to restart biodiesel production in late Q4 2025, supported by favorable input costs and a record U.S. soybean harvest. The chemicals segment anticipates production ramp-ups at the Batesville site in 2026, alongside debottlenecking projects to meet demand. The company remains focused on cash allocation for productivity initiatives and customer-driven growth investments.

Additional News

FutureFuel announced a $0.06 per share quarterly dividend in Q3 2025, with the next payment scheduled in December. The company also disclosed the consolidation of administrative and headquarters operations from its St. Louis office to its Batesville, Arkansas campus, aiming to enhance efficiency and reduce costs. Additionally, FutureFuel completed a major capital project to backward integrate into a key raw material, with production set to commence in Q4 2025.