PEKIN, Ill., Nov. 26, 2025 (GLOBE NEWSWIRE) -- Alto Ingredients, Inc. (NASDAQ: ALTO), a leading producer and distributor of specialty alcohols, renewable fuels and essential ingredients, today announced the resignation of Jeremy T. Bezdek from its Board of Directors. Mr. Bezdek recently accepted the role of president and chief executive officer at The Lifetime Group, a U.S. manufacturer of corn-based products. Gilbert Nathan, Chair of the Board of Alto Ingredients, commented, “On behalf of the board, I woul ...

Group 1 - Calumet, Inc. plans to attend the Bank of America Global Energy Conference in Houston on November 11, 2025, and will hold one-on-one investor meetings at the conference [1] - Calumet manufactures, formulates, and markets a diversified range of specialty branded products and renewable fuels for various consumer-facing and industrial markets [2] - The company is headquartered in Indianapolis, Indiana, and operates twelve facilities across North America [2] Group 2 - Montana Renewables, in collaboration with Calumet Montana Refining, has launched MaxSAF™ Blended, which advances sustainable aviation fuel by commissioning onsite blending and shipping facilities [4]

Core Insights - Calumet, Inc. reported strong financial results for Q3 2025, with a net income of $313.4 million, compared to a net loss of $100.6 million in Q3 2024, reflecting a significant turnaround in profitability [3][25] - The company achieved an Adjusted EBITDA with Tax Attributes of $92.5 million for Q3 2025, up from $59.8 million in the same quarter last year, indicating improved operational efficiency [3][30] - Year-to-date, Calumet has reduced operating costs by $61 million compared to the previous year, showcasing effective cost management strategies [3][2] Financial Performance - Q3 2025 net income was $313.4 million, or $3.61 per share, compared to a loss of $100.6 million, or $(1.18) per share, in Q3 2024 [3][25] - Adjusted EBITDA for Q3 2025 was $69.6 million, up from $59.8 million in Q3 2024, while Adjusted EBITDA with Tax Attributes reached $92.5 million, compared to $59.8 million in the prior year [3][30] - The company reported a gross profit of $373.7 million for Q3 2025, significantly higher than the $4.9 million reported in Q3 2024 [25] Segment Performance - The Specialty Products and Solutions (SPS) segment achieved an Adjusted EBITDA of $80.2 million in Q3 2025, compared to $50.7 million in Q3 2024, driven by strong specialty product sales and fixed cost reductions [2][3] - The Performance Brands (PB) segment reported Adjusted EBITDA of $13.2 million in Q3 2025, slightly down from $13.6 million in Q3 2024, with strong margins particularly in the TruFuel® brand [3][2] - The Montana/Renewables (MR) segment reported Adjusted EBITDA with Tax Attributes of $17.1 million in Q3 2025, up from $14.6 million in the prior year, benefiting from operating cost reductions and strong fuels and asphalt results [2][3] Strategic Initiatives - Calumet is on track to expand its Montana Renewables facility, aiming to increase sustainable aviation fuel (SAF) production significantly by the second quarter of 2026, with approximately 100 million gallons of SAF already contracted or in final review [3][2] - The company is focused on enhancing its SAF marketing program, expecting to complete contracting at strong premiums ahead of the expansion [3][2] Restatement of Financial Results - Calumet announced a restatement of its unaudited interim consolidated financial statements for the periods ended March 31, 2025, and June 30, 2025, due to misclassification in cash flow statements, resulting in an upward adjustment of approximately $80 million to operating cash flows [2][3]

Financial Performance (Q3 2025 vs Q3 2024) - Net sales decreased from $2518 million to $2410 million[33] - Gross profit increased significantly from $60 million to $235 million[33] - Net income improved from a loss of $(28) million to a profit of $139 million[33] - Adjusted EBITDA increased from $122 million to $214 million[33] Liquidity and Capital Resources - Cash and cash equivalents decreased slightly from $355 million to $325 million[33] - Working capital increased from $953 million to $1085 million[33] - Long-term debt, net, increased from $929 million to $1006 million[33] - Borrowing availability was $850 million[33] Strategic Initiatives and Regulatory Landscape - The company is focusing on projects to lower carbon intensity to capture more benefits from Section 45Z tax credits[7] - There is policy momentum for E15, expanding market opportunity, with a potential 50% increase in annual U S ethanol demand if national year-round E15 adoption occurs[9, 14] - The company is applying for Section 45Z tax credits for Alto Columbia and Alto Pekin Dry Mill, estimated to total ~$18 million in the next two years[15]

Core Insights - Alto Ingredients, Inc. reported significant financial improvements in Q3 2025, with gross profit of $23 million, net income of $14 million, and adjusted EBITDA of $21 million, reflecting a strong performance across all business segments [1][2][4]. Financial Performance - Gross profit increased by $18 million compared to Q3 2024, reaching $23 million [1][2]. - Net income improved by $17 million, totaling $14 million or $0.19 per share, compared to a net loss of $2.8 million in the same quarter last year [1][8]. - Adjusted EBITDA grew by $9 million to $21 million compared to Q3 2024 [1][2]. Sales and Revenue - Net sales for Q3 2025 were $241 million, down from $251.8 million in Q3 2024 [8]. - Cost of goods sold decreased to $217.5 million from $245.9 million, contributing to improved gross profit margins [8]. - For the nine months ended September 30, 2025, net sales were $686 million, compared to $728.9 million in the same period of 2024 [8]. Operational Highlights - The company has focused on targeting high-return market segments and enhancing operational efficiency, which has positively impacted financial results [2][3]. - Increased renewable fuel export sales and higher demand for liquid CO2 were key drivers of growth [2][3]. - The company is expanding its CO2 utilization through the 2025 Carbonic acquisition to meet growing demand [3]. Cash and Liquidity - Cash and cash equivalents as of September 30, 2025, were $32.5 million, down from $35.5 million at the end of 2024 [6]. - The company had borrowing availability of $85 million, including $20 million under its operating line of credit and $65 million under its term loan facility [6]. Segment Performance - The Pekin Campus produced 31.6 million gallons of renewable fuel in Q3 2025, slightly up from 31.1 million gallons in Q3 2024 [23]. - Total renewable fuel gallons sold decreased to 66.8 million from 74.3 million year-over-year [23]. - Specialty alcohol sales remained stable, with 22.4 million gallons sold in Q3 2025 compared to 22.5 million gallons in Q3 2024 [23].

Core Points - Alto Ingredients, Inc. will release its third quarter 2025 financial results on November 5, 2025, after market close [1] - A conference call will be held at 2:00 p.m. Pacific Time / 5:00 p.m. Eastern Time, featuring prepared remarks and a Q&A session [1] - The webcast will be archived for one year on the company's website [2] Company Overview - Alto Ingredients, Inc. is a leading producer and distributor of specialty alcohols, renewable fuels, and essential ingredients [3] - The company serves a diverse range of markets including Health, Home & Beauty; Food & Beverage; Industry & Agriculture; Essential Ingredients; and Renewable Fuels [3] - More information about the company can be found on its website [3]

Core Points - Green Plains Inc. will release its third quarter 2025 financial results on November 5, 2025, before the market opens, followed by a conference call at 9 a.m. Eastern time to discuss performance and outlook [1][2] - The company is a leading biorefining firm focused on producing renewable fuels and sustainable ingredients, utilizing agricultural and fermentation expertise to create low-carbon energy [3] - Green Plains is actively implementing carbon capture and storage (CCS) solutions at three facilities, aiming to reduce the carbon intensity of its products [3] Financial Transactions - Green Plains has completed a $200 million convertible note exchange, converting $170 million of its existing 2.25% Convertible Senior Notes due 2027 into newly issued 5.25% Convertible Senior Notes due November 2030 [6][7] Carbon Capture Initiatives - The company has successfully started its carbon capture system at the York facility, which is now operational and delivering significant volumes of biogenic carbon dioxide for permanent sequestration [8]

Core Insights - Comstock Inc. (LODE) is set to report its third-quarter 2025 results on October 30, with total sales expected to reach $0.99 million, reflecting a 76.8% increase year-over-year [1][5] - The consensus estimate for earnings indicates a loss of 18 cents per share, an improvement from the loss of 30 cents per share in the same quarter last year [1][5] - The company has a trailing four-quarter negative earnings surprise of 47.94% on average [2][3] Financial Performance - Total revenues for Comstock in the first half of 2025 were reported at $1.12 million, marking a 31% increase year-over-year, with the Metals segment contributing approximately 93% of total revenues [6] - The Metals segment generated revenues of $1.05 million in the first half of 2025, a significant increase from $0.007 million in the prior-year period [7] - Mining revenues were reported at $0.06 million in the first half of 2025, down 92% year-over-year, primarily due to the termination of the Mackay Mining Lease [8] Segment Analysis - Comstock operates through five segments: Fuels, Metals, Mining, Strategic Investments, and Corporate, with the Metals segment being the primary growth driver [4] - The Fuels segment focuses on converting biomass into renewable fuels, while the Mining segment includes gold and silver mining assets [4] - Higher revenues from the Metals segment are expected to offset weaker results from the Mining segment in the upcoming quarter [10] Cost and Profitability - The cost of goods sold is anticipated to be higher in the third quarter due to underutilization of the commercial demonstration facility and increased research and development costs [9] - Rising employee-related and consulting costs, along with additional rent expenses, are also expected to impact profitability [9] Stock Performance - Comstock's shares have declined by 62% year-to-date, contrasting with the industry's growth of 109% [13]

Core Points - Calumet, Inc. plans to report its Third Quarter 2025 results on November 7, 2025 [1] - A conference call to discuss the financial and operational results is scheduled for November 7th at 9:00 AM ET [1] Company Overview - Calumet manufactures, formulates, and markets a diversified slate of specialty branded products and renewable fuels [3] - The company is headquartered in Indianapolis, Indiana and operates twelve facilities throughout North America [3]

Core Viewpoint - The Government of Canada has approved the acquisition of Parkland Corporation by Sunoco LP, with the transaction expected to close in the fourth quarter of 2025, pending further regulatory approvals and customary closing conditions [1][2]. Company Overview: Parkland Corporation - Parkland Corporation is a leading international fuel distributor and convenience retailer operating in 26 countries across the Americas, with approximately 4,000 retail and commercial locations [3]. - The company focuses on providing essential fuels and environmentally friendly options, including renewable fuels and ultra-fast EV charging solutions [3]. - Parkland's strategy is built on two pillars: Customer Advantage, which emphasizes brand differentiation and customer loyalty, and Supply Advantage, which aims to achieve the lowest cost to serve in challenging markets [4]. Company Overview: Sunoco LP - Sunoco LP is a master limited partnership involved in energy infrastructure and fuel distribution, operating in over 40 U.S. states, Puerto Rico, Europe, and Mexico [5]. - The partnership has an extensive midstream operation, including approximately 14,000 miles of pipeline and over 100 terminals, serving around 7,400 branded locations and independent dealers [5].