Alto Ingredients, Inc. Reports Third Quarter 2026 Results

(NASDAQ: ALTO) Alto Ingredients, Inc. reported financial results for the quarter ended September 30, 2026. President and Chief Executive Officer Bryon McGregor stated that the company delivered positive gross profit, income from operations, net income, and adjusted EBITDA for the third quarter, with 45Z tax credit earnings contributing to results. The company paid down $6.5 million on its line of credit during the quarter, bringing total debt reduction year-to-date to $26.5 million. Alto Ingredients expects to generate a minimum of $20 million, net of monetization costs, in 45Z tax credit earnings in 2026, following efforts to lower carbon scores at its Columbia facility and Pekin dry mill. The company signed its first multi-year agreement with a local farmer cooperative to supply a portion of its Pekin campus low carbon intensity corn needs and share the resulting 45Z benefit with members, and is working on additional agreements. A debottlenecking project at the Pekin dry mill is expected to result in higher production capacity by year-end, qualifying more gallons and driving additional gross margin. For the three months ended September 30, 2026, net sales were $257.9 million, compared to $241.0 million in 2025. Cost of goods sold was $243.1 million, compared to $217.5 million. Gross profit was $14.8 million, compared to $23.5 million. Selling, general and administrative expenses were $7.8 million, compared to $6.5 million. Interest expense was $1.5 million, compared to $2.8 million. Net income attributable to common stockholders was $12.7 million, or $0.16 per diluted share, compared to $13.9 million, or $0.19 per share. Adjusted EBITDA was $21.0 million, compared to $21.4 million. Cash and cash equivalents at September 30, 2026 were $23.6 million, compared to $23.4 million at December 31, 2025. Borrowing availability at September 30, 2026 was $108 million. For the three months ended September 30, 2026, net sales were $257,885,000 and $240,986,000 in 2025. Cost of goods sold was $243,084,000 in 2026 and $217,492,000 in 2025. Gross profit was $14,801,000 in 2026 and $23,494,000 in 2025. Selling, general and administrative expenses were $7,786,000 in 2026 and $6,514,000 in 2025. Income from operations was $7,015,000 in 2026 and $16,980,000 in 2025. Transferable tax credits generated, net, were $7,565,000 in 2026 and $0 in 2025. Interest expense, net, was $1,520,000 in 2026 and $2,800,000 in 2025. Other income (expense), net, was $(38,000) in 2026 and $28,000 in 2025. Income before provision for income taxes was $13,022,000 in 2026 and $14,208,000 in 2025. Net income (loss) was $13,022,000 in 2026 and $14,208,000 in 2025. Preferred stock dividends were $319,000 in both 2026 and 2025. Net income attributable to common stockholders was $12,703,000 in 2026 and $13,889,000 in 2025. Net income per share, basic, was $0.17 in 2026 and $0.19 in 2025. Net income per share, diluted, was $0.16 in 2026 and $0.19 in 2025. Weighted-average shares outstanding, basic, were 75,756,000 in 2026 and 74,777,000 in 2025. Weighted-average shares outstanding, diluted, were 77,596,000 in 2026 and 74,777,000 in 2025. As of September 30, 2026, total assets were $402,450,000 and $388,786,000 at December 31, 2025. Cash and cash equivalents were $23,595,000 at September 30, 2026 and $23,415,000 at December 31, 2025. Total current assets were $169,706,000 at September 30, 2026 and $155,917,000 at December 31, 2025. Property and equipment, net, was $195,568,000 at September 30, 2026 and $198,501,000 at December 31, 2025. Total liabilities were $128,996,000 at September 30, 2026 and $143,545,000 at December 31, 2025. Total stockholders’ equity was $273,454,000 at September 30, 2026 and $245,241,000 at December 31, 2025. For the three months ended September 30, 2026, adjusted EBITDA was $20,953,000 and $21,368,000 in 2025. Alcohol sales for the quarter included 32.0 million Pekin Campus renewable fuel gallons sold, 9.1 million Western production renewable fuel gallons sold, and 26.4 million third party renewable fuel gallons sold, for a total of 67.5 million renewable fuel gallons sold. Specialty alcohol gallons sold were 21.5 million, with total gallons sold at 89.0 million. The average sales price per gallon was $2.23 in 2026 and $2.09 in 2025. The company will host a conference call on November 4, 2026 at 2:00 p.m. Pacific Time / 5:00 p.m. Eastern Time.

Alto Ingredients, Inc. Added to Russell 2000® and Russell 3000® Indexes

(NASDAQ:ALTO) Alto Ingredients, Inc. announced it has been added to the Russell 2000® and Russell 3000® Indexes, effective after the close of U.S. markets on Friday, June 26, 2026. The company describes itself as a leading producer and distributor of renewable fuels, essential ingredients and specialty alcohols. Bryon McGregor, President and Chief Executive Officer, stated that joining the indexes is an exciting milestone for Alto Ingredients. The company serves customers in the Health, Home & Beauty; Food & Beverage; Industry & Agriculture; Essential Ingredients; and Renewable Fuels markets. Alto Ingredients’ inclusion in the Russell indexes is expected to bring expanded institutional exposure. The company’s forward-looking statements include expectations about future profitability, revenue diversification, long-term shareholder value, and the anticipated benefits of inclusion in the Russell indexes. No specific revenue, production, or financial figures were disclosed in the announcement.

Alto Ingredients, Inc. Completes Transaction to Monetize All 2025 45Z Clean Fuel Production Tax Credits

(NASDAQ:ALTO) Alto Ingredients, Inc. announced that it has completed a sale transaction with a third-party corporate buyer for all of Alto Ingredients’ 2025 Section 45Z Clean Fuel Production Tax Credits generated from its low-carbon ethanol production. The company sold its 2025 tax credits for approximately $8.9 million in cash proceeds, before broker fees and other transaction costs. These credits relate to the company’s 2025 low-carbon transportation fuels produced at both its Pekin Dry Mill and Columbia facilities. Rob Olander, Alto Ingredients’ Chief Financial Officer, stated that the ability to monetize these credits provides a meaningful source of cash to support initiatives and increase shareholder value. The company expects to continue to benefit significantly from its 2026 and future years’ Section 45Z Clean Fuel Production Tax Credits. Alto Ingredients, Inc. is described as a leading producer and distributor of specialty alcohols, renewable fuels and essential ingredients. The company serves customers in the Health, Home & Beauty; Food & Beverage; Industry & Agriculture; Essential Ingredients; and Renewable Fuels markets.