FutureFuel Corp. reported continued financial challenges for the second quarter ended June 30, 2025. Consolidated sales revenue decreased by $36.736 million compared to Q2 2024, primarily due to weak market conditions in the BioDiesel segment and uncertainty surrounding the clean fuel producer’s credit. The company reported a net loss of $10.401 million, or $0.24 per diluted share, a decline from a net income of $1.007 million, or $0.02 per diluted share, in Q2 2024.
Income from operations decreased by $17.379 million, mainly due to reduced throughput from operational issues and a less favorable LIFO inventory adjustment. For the first six months of 2025, consolidated sales revenue decreased by $77.479 million, and income from operations decreased by $38.415 million compared to the same period in 2024.
The company temporarily idled its biodiesel plant in June due to abnormally high feedstock prices, after fulfilling existing sales obligations. While there is now greater clarity on the IRA 45Z support from a reconciliation bill, the company hopes feedstock prices will return to normal to resume production in late 2025 or early 2026. A reduction in force was implemented in July, retaining employees with expertise for a future restart.
The Chemicals segment experienced a slower start to the quarter due to weaker market demand and delayed production startup post-turnaround. However, FutureFuel has expanded its chemicals business opportunity pipeline and commercialized multiple projects, with production expected to begin by the end of Q4 2025 and in Q1 2026. A new backward-integrated production facility is nearing completion, with final commissioning expected in Q3 2025. Capital expenditures for the first six months of 2025 were $9.478 million, primarily for this custom chemical plant.
The content on BeyondSPX is for informational purposes only and should not be construed as financial or investment advice. We are not financial advisors. Consult with a qualified professional before making any investment decisions. Any actions you take based on information from this site are solely at your own risk.