Alto Ingredients, Inc. Reports Third Quarter 2026 Results
Key Highlights
- ➤Q3 net income $12.7 million, or $0.16 per diluted share
- ➤Q3 adjusted EBITDA $21.0 million, versus $21.4 million year over year
- ➤2026 45Z tax credit earnings expected at least $20 million net
- ➤Debt reduction reached $26.5 million year to date after $6.5 million payment
- ➤Q3 net sales rose to $257.9 million from $241.0 million
- ➤Pekin debottlenecking project targets higher year-end production capacity
Expert Statements
Bryon McGregor, President and Chief Executive Officer of Alto Ingredients
“We delivered positive gross profit, income from operations, net income and adjusted EBITDA for the third quarter demonstrating the earnings power of our core operations with 45Z tax credit earnings adding to an already solid foundation.”
Bryon McGregor, President and Chief Executive Officer of Alto Ingredients
“On the strength of these positive results, we paid down $6.5 million on our line of credit, bringing the total debt reduction on a year-to-date basis to $26.5 million. We also continued to execute on our high return capital projects to expand production capacity, improve process efficiencies and optimize CO(2).”
Bryon McGregor, President and Chief Executive Officer of Alto Ingredients
“During the quarter we took a number of actions to increase our 45Z tax credit earnings this year and into 2027. Through our efforts to lower our carbon scores at our Columbia facility and Pekin dry mill, we now expect to generate a minimum of $20 million, net of monetization costs, in 2026. We also signed our first multi-year agreement with a local farmer cooperative to supply a meaningful portion of our Pekin campus low carbon intensity corn needs and share the resulting 45Z benefit with its members, and we are currently working on additional agreements. Finally, as a result of the debottlenecking project at our Pekin dry mill, we are on track to exit the year with higher production capacity, which positions us to qualify more gallons and drive additional gross margin.”
Bryon McGregor, President and Chief Executive Officer of Alto Ingredients
“Looking ahead, industry tailwinds are supporting healthy ethanol demand and positive crush margins, notably the improved outlook for year-round adoption of E15 in California. With our disciplined operating model working as intended and diversified product portfolio unlocking premium values, we are positioned to take advantage of favorable industry fundamentals today and are executing plans for Alto to grow, drive profitability and build shareholder value.”
PEKIN, Ill., Nov. 04, 2026 (GLOBE NEWSWIRE) -- Alto Ingredients, Inc. (NASDAQ: ALTO), a leading producer and distributor of renewable fuels, essential ingredients and specialty alcohols, reported its financial results for the quarter ended September 30, 2026.
“We delivered positive gross profit, income from operations, net income and adjusted EBITDA for the third quarter demonstrating the earnings power of our core operations with 45Z tax credit earnings adding to an already solid foundation,” said President and Chief Executive Officer Bryon McGregor. “On the strength of these positive results, we paid down $6.5 million on our line of credit, bringing the total debt reduction on a year-to-date basis to $26.5 million. We also continued to execute on our high return capital projects to expand production capacity, improve process efficiencies and optimize CO(2).”
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