Financial Data and Key Metrics Changes - The company reported a record PAC operating revenue of approximately $35 million and adjusted EBITDA of approximately $5 million for Q3 2024, exceeding forecasts [13][39] - Revenue grew 17% year-over-year to $34.8 million, driven by enhanced contract terms and a 15% increase in average selling price [38] - Gross margins improved to approximately 39%, up 800 basis points from 31% in the prior year [39] Business Line Data and Key Metrics Changes - The PAC business achieved a 15% increase in sales prices compared to the same quarter last year, with gross margins improving by approximately 800 basis points to 39% [8][39] - The company eliminated low and negative margin contracts, reducing loss-making contracts to roughly 2% of volume from 24% in 2022 and 13% in 2023 [40] Market Data and Key Metrics Changes - The company is contracted for approximately 15 million pounds of annual GAC product, representing 60% of its 25 million pound nameplate capacity [10] - The demand in the RNG sector is extremely strong, with the potential to consume the entire production line [65] Company Strategy and Development Direction - The company is focused on optimizing its PAC business while expanding its GAC capabilities, with plans for a second phase of expansion at the Red River facility [27][29] - The company aims to diversify its customer base across various industries to mitigate risks associated with reliance on a single market [63] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the sustainability of the PAC business turnaround and visibility on contract renewals, particularly in the PG&I sector [16] - The company anticipates a transformational year in 2025, with expectations for continued growth and improvements in financial performance [50] Other Important Information - The company raised approximately $44 million through strategic equity raises, significantly improving its market capitalization to approximately $250 million [11] - The company ended Q3 2024 with total cash of $57.4 million, of which approximately $49 million was unrestricted [43] Q&A Session Summary Question: What are the major hurdles remaining for commissioning at Red River? - Management indicated that modular commissioning allows for troubleshooting and derisking, with 100% of structural steel and cement completed and 95% of equipment installed [52][53] Question: Is the goal to reach 25 million pounds of production by the end of Q1? - Yes, the goal is to achieve full run rate production by the end of Q1 2025 [54] Question: Were there any headwinds due to natural gas pricing? - Management noted that natural gas pricing has been a long-standing headwind but did not impact recent results significantly [60] Question: What end markets are driving new GAC contracts? - The company is diversifying across various markets, including municipal water, equipment manufacturers, and RNG [63] Question: Is there strong demand in the RNG sector? - Yes, there is extremely strong demand in the RNG sector, with advanced contract negotiations ongoing [65]

Core Insights - Argo Gold Inc reported a total oil production of 3,565 barrels in September 2024, averaging 118 barrels per day [1][2] - The average oil price for the month was CDN$68 per barrel, resulting in total oil revenue of $241,198 and net operating cash flow of $163,738 [1][2] Production Details - Lindbergh 1 (37.5% interest) produced 102 barrels per day, contributing $77,775 to revenue and $54,292 to net operating cash flow [2] - Lloyd 1 (18.75% interest) produced 166 barrels per day, contributing $63,175 to revenue and $39,752 to net operating cash flow [2] - Lindbergh 2 (37.5% interest) produced 83 barrels per day, contributing $63,279 to revenue and $41,409 to net operating cash flow [2] - Lloyd 2 (18.75% interest) produced 97 barrels per day, contributing $36,969 to revenue and $28,285 to net operating cash flow [2] - Lloyd 2 was drilled in late August, equipped in early September, and began production in mid-September [2] Future Developments - In October 2024, Argo participated with an 18.75% interest in the development drilling of a third oil well at Lindbergh, which commenced production in late October [2]

Arq, Inc. (ARQ) came out with quarterly earnings of $0.04 per share, missing the Zacks Consensus Estimate of $0.05 per share. This compares to loss of $0.07 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -20%. A quarter ago, it was expected that this company would post a loss of $0.05 per share when it actually produced a loss of $0.06, delivering a surprise of -20%.Over the last four quarters, the company has not been able t ...

United States SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ______________________________________ FORM 10-Q ______________________________________ ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2024 or ☐ TRANSITION REPORT PURSUANT TO 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 001-37822 ______________________________________ ARQ, INC. (Exact na ...

Arq Reports Third Quarter 2024 Results Record PAC revenue and profitability driven by ongoing and sustainable improvements Strategic GAC project at Red River remains on target for first deliveries in Q1 2025 with modular commissioning already underway; capex, timing and contracting advancing in-line with expectations Expect to ramp Red River GAC run-rate to 25 million nameplate by end of Q1 2025; identified potential to increase GAC nameplate capacity by 10-20% with no anticipated additional capex required ...

Record PAC revenue and profitability driven by ongoing and sustainable improvements Strategic GAC project at Red River remains on target for first deliveries in Q1 2025 with modular commissioning already underway; capex, timing and contracting advancing in-line with expectations Expect to ramp Red River GAC run-rate to 25 million nameplate by end of Q1 2025; identified potential to increase GAC nameplate capacity by 10-20% with no anticipated additional capex required GREENWOOD VILLAGE, Colo., Nov. 07, 2024 ...

PETERSBURG, FL, Oct. 07, 2024 (GLOBE NEWSWIRE) -- October 7, 2024, ST. PETERSBURG, FL – Water Tower Research (www.watertowerresearch.com) has published an Initiation of Coverage Report on Arq, Inc. (NASDAQ: ARQ) titled, "Significant EBITDA Growth from Execution and Expansion into Faster- Growth Markets." The report can be accessed here. Arq, Inc. is a diversified environmental technology company focused on developing and providing solutions for air, water, and soil purification. The company is a leading pro ...

Core Viewpoint - Arq, Inc. has published its inaugural Environmental, Social, and Governance (ESG) Report, highlighting its commitment to environmental technology and addressing key environmental and social challenges [1][2]. Environmental Impact - Arq has developed a proprietary process to reclaim, purify, and recycle waste coal fines, ensuring sustainability from sourcing to product impact [3]. - The company's products are designed to enhance access to high-quality water, with a focus on water efficiency and recycling at manufacturing facilities [3]. - Energy efficiency is central to operations, with the Red River facility consistently exporting more electricity than it consumes [3]. Social Responsibility - Safety is a core value at Arq, upheld across all levels of the organization [4]. - The company fosters a culture of inclusivity, respect, and affirmation to unite its workforce and encourage collective achievement [4]. - Engagement through team-building activities is vital for sustainability and community service [4]. Governance - Arq is committed to high standards of corporate governance, ensuring integrity in all business aspects [5]. - The ESG program is overseen by a dedicated team led by an executive officer and monitored by the Nominating and Governance Committee [5]. - The company holds itself accountable to a broad range of stakeholders, operating with honesty, fairness, and integrity [5]. Additional Information - The full 2023 ESG Report is available for download on Arq's Sustainability Page, reinforcing its mission to drive environmental innovation through responsible corporate governance and ethical business practices [6]. - Arq is a diversified environmental technology company, the only vertically integrated producer of activated carbon products in North America, focused on reducing environmental impact [7].

Core Viewpoint - Arq, Inc. has announced a public offering of 4,770,000 shares of common stock priced at $5.25 per share, aiming to raise approximately $25 million in gross proceeds before expenses [1][2]. Group 1: Offering Details - The offering consists of 4,770,000 shares of common stock, with gross proceeds expected to be around $25 million [1]. - The offering is set to close on or about September 23, 2024, subject to customary closing conditions [1]. - Arq has granted underwriters a 30-day option to purchase an additional 715,500 shares [1]. Group 2: Use of Proceeds - The net proceeds from the offering will be used for general corporate purposes, including working capital, capital expenditures for activated carbon facilities, research and development, debt service, and potential acquisitions [2]. Group 3: Underwriters and Registration - Canaccord Genuity and Roth Capital Partners are acting as joint bookrunners for the offering [3]. - A shelf registration statement related to the shares was filed with the SEC and became effective on September 4, 2024 [4].

GREENWOOD VILLAGE, Colo., Sept. 19, 2024 (GLOBE NEWSWIRE) -- Arq, Inc. (NASDAQ: ARQ) ("Arq" or the "Company"), a producer of activated carbon and other environmentally efficient carbon products for use in purification and sustainable materials, today announced that it has commenced an underwritten public offering of shares of its common stock, par value $0.001 per share ("common stock"), for sale in an underwritten public offering. All of the shares in the offering are being offered by Arq. Arq expects to g ...