ALTO
Alto Ingredients, Inc.2.4500
-0.1100-4.3%
Dec 16, 4:00:02 PM EST
Earnings Call Transcripts
This Quarter (Q1 '26)
No earnings call transcript available yet
Last Quarter (Q4 '25)
FY Q4 '25
Q&A details 45Z, Western ramps
Q&A provided color on 45Z upside pursuits, including carbon intensity cuts via energy savings, corn traceability—lagging without full industry buy-in—and an 8% Pekin Dry Mill expansion adding 5 million gallons of credits. Management plans Western revenue ramps through higher utilization and CO2 throughput. Exports boast locked H1 volumes into growing European demand, offsetting high-quality product margin squeezes. They've raised the floor. Answers largely reaffirmed prepared remarks on diversification and cost discipline. Investors will eye 45Z execution and capacity adds amid seasonal Q1 softness.
Key Stats
Market Cap
189.62MP/E (TTM)
-Basic EPS (TTM)
-0.70Dividend Yield
0%Recent Filings
10-K
FY2025 results
Alto Ingredients swung to $13.3M net income for FY2025 ended December 31, 2025, up from a $59M loss in 2024, as net sales dipped 5% to $918M on 9% lower alcohol volumes of 350M gallons (derived) amid Magic Valley idling, yet average prices rose 4% to $2.02/gallon while corn costs fell 1% to $4.68/bushel. Q4 crushed it with gross profit up $16.6M y/y, crush margins tripling to $0.23/gallon, fueled by export premiums adding $5M, $7.5M Section 45Z credits at $0.10/gallon, and $6.7M excess insurance from Pekin dock damage. Pekin Campus held steady at $416M alcohol sales; Western turned profitable post-idling, boosted by Alto Carbonic CO2 acquisition. Q4 accelerated momentum. Debt fell to $85M with $37M revolver room; capex slated at $25M for 2026 dock repairs and dry mill expansion. Cold snaps still snarl river logistics.
8-K
Q4 profit surges to $21.5M
Alto Ingredients swung to Q4 2025 net income of $21.5 million, or $0.28 per share, from a $42.0 million loss last year, fueled by $15.2 million gross profit versus a $1.4 million loss. Adjusted EBITDA hit $27.9 million, up $35.6 million, thanks to higher crush margins, 45Z credits, and renewable fuel exports. Full-year net income reached $12.1 million. Cash stands at $23.4 million.
10-Q
Q3 FY2025 results
Alto Ingredients swung to $14.2M net income in Q3 ended September 30, 2025, from a $2.4M loss y/y, as $241M revenue dipped 4% yet gross profit quadrupled to $23.5M (9.7% margin) on stronger Pekin Campus output, renewable fuel exports, and liquid CO2 demand—Magic Valley idled since Dec 2024. YTD net loss narrowed to $8.5M from $17.3M y/y, with $686M revenue off 6%; operating cash flow $3.7M, FCF not disclosed in the 10-Q. Debt hit $101M (Kinergy line $46M, Orion term $60M at 10%), $20M revolver availability, $33M cash. Closed Kodiak Carbonic Jan 2025 for $7.6M cash, recognizing $3.7M customer relationships (9-year life). Pekin dock repairs lag. Commodity price swings threaten margins.
8-K
Q3 profit surges $17M
Alto Ingredients swung to $14M net income ($0.19/share) in Q3 2025, with gross profit rocketing $18M to $23M and Adjusted EBITDA climbing $9M to $21M versus Q3 2024. Cost cuts and higher renewable fuel exports plus CO2 demand fueled gains across segments. Cash sits at $33M. Initiatives pay off fast.
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