NASDAQ$ALTO
Alto Ingredients Inc · Q2 2025 earnings
Q2 2025 earnings · · After market close · Investor relations
Briefing
Alto Ingredients Inc reported a net loss of $11.0 million for the second quarter of 2025.
Alto Ingredients reported net sales of $218.4 million and a net loss of $11.0 million for Q2 2025, compared to net sales of $236.5 million and a net loss of $3.1 million in Q2 2024. The company improved Adjusted EBITDA by nearly $6 million year-over-year through efficiency initiatives and segment performance gains in Western production and marketing, despite challenges from hedging impacts, lower crush margins, and a loading dock outage at Pekin Campus.
- Net loss widened to $11.0 million primarily due to non-cash hedging effects and lower commodity margins, while Adjusted EBITDA improved to negative $0.2 million from negative $5.9 million.
- Western production segment turned profitable with $1.9 million gross profit, aided by the Kodiak Carbonic acquisition and cold-idling of Magic Valley facility.
- Pekin Campus gross profit declined sharply due to derivative losses, dock damage impacting logistics, and reduced high-quality alcohol premiums.
- Company exceeded $8 million annualized overhead savings target and continues to advance CCS and other capital projects amid regulatory developments.
Headline financials
Revenue & EPS history
Alto Ingredients · Revenue · Quarterly
$218M
Revenue by segment
Alto Ingredients · $221M total across 4 segments · Q2 2025
- Pekin Campus production$134M—60.5%
- Marketing and distribution$60.5M—27.3%
- Western production$25.4M—11.5%
- Corporate and other$1.68M—0.8%
Forward guidance
Company expects continued margin improvement through summer driving season, remains focused on efficiency projects, CO2 utilization expansion, and monetization of Western assets while navigating Illinois CO2 sequestration legislation.
Tailwinds
- Market crush improved to 30 cents per gallon in July.
- Overhead savings exceeding $8 million annualized target.
- One Big Beautiful Bill Act extends 45Z credits and boosts farm programs benefiting feedstock costs.
Headwinds
- Illinois Senate Bill 1723 prohibits CO2 sequestration through Mahomet aquifer, impacting CCS project.
- Loading dock remediation at Pekin Campus to extend into 2026.
- Potential for additional small refinery waivers affecting fuel-grade ethanol demand.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 19 quarterly earnings reports
-1.9%
Avg return
Earnings day
-2.1%
Avg return
5 days after
+0.7%
Avg return
30 days after
39%
25 / 64 earnings
Positive
+54.6%
Q4 2025
Best reaction
-58.2%
Q3 2023
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q2 2025 | — | — | — | |
| Q1 2026 | -1.3% | +1.3% | +20.1% | |
| Q4 2025 | +54.6% | +76.9% | +79.6% | |
| Q3 2025 | +21.9% | +53.4% | +116.4% | |
| Q1 2025 | -1.4% | -4.7% | +18.6% | |
| Q4 2024 | +6.8% | -4.8% | -38.8% | |
| Q3 2024 | -37.3% | -30.1% | -22.3% | |
| Q2 2024 | +4.3% | -0.7% | +2.9% | |
| Q1 2024 | -7.4% | -11.1% | -23.7% | |
| Q4 2023 | -7.4% | -8.8% | -5.1% | |
| Q3 2023 | -58.2% | -54.8% | -45.5% | |
| Q2 2023 | +11.8% | +9.2% | -4.9% | |
| Q1 2023 | +12.1% | +45.7% | +69.3% | |
| Q4 2022 | -34.4% | -34.0% | -52.9% | |
| Q3 2022 | -10.0% | -8.6% | -23.2% | |
| Q2 2022 | +1.1% | +7.0% | -18.5% | |
| Q1 2022 | -10.9% | -10.5% | -7.4% | |
| Q4 2021 | +4.1% | -7.1% | +12.2% | |
| Q3 2021 | -1.3% | -4.2% | -19.4% | |
| Q2 2021 | -9.0% | -3.4% | -5.6% | |
| Q1 2021 | -11.8% | -5.1% | +7.8% | |
| Q4 2020 | -17.1% | -22.3% | -28.3% | |
| Q3 2020 | -14.1% | -15.0% | -9.6% | |
| Q2 2020 | +25.3% | +5.6% | +41.4% | |
| Q1 2020 | -4.5% | -7.5% | +70.0% | |
| Q4 2019 | -5.6% | -13.3% | +10.0% | |
| Q3 2019 | -4.5% | -15.5% | -19.0% | |
| Q2 2019 | +9.5% | +29.6% | +20.4% | |
| Q1 2019 | -4.6% | +0.9% | -11.0% | |
| Q4 2018 | -7.0% | -10.9% | -10.2% | |
| Q3 2018 | +4.2% | +7.2% | -9.6% | |
| Q2 2018 | -11.3% | -20.8% | -30.2% | |
| Q1 2018 | +4.6% | +3.1% | -4.6% | |
| Q4 2017 | -12.8% | -15.1% | -30.2% | |
| Q3 2017 | +3.3% | +3.3% | -3.3% | |
| Q2 2017 | -1.7% | -2.6% | -13.0% | |
| Q1 2017 | +2.1% | -1.4% | -15.0% | |
| Q4 2016 | +0.6% | -7.0% | -12.7% | |
| Q3 2016 | -6.0% | -11.3% | +16.0% | |
| Q2 2016 | +8.0% | +5.1% | +8.4% | |
| Q1 2016 | +2.1% | — | — | |
| Q4 2015 | +28.3% | — | — | |
| Q3 2015 | -10.4% | — | — | |
| Q2 2015 | +5.3% | — | — | |
| Q1 2015 | +0.7% | — | — | |
| Q4 2014 | +28.3% | — | — | |
| Q3 2014 | +4.5% | — | — | |
| Q2 2014 | -3.7% | — | — | |
| Q1 2014 | -7.1% | — | — | |
| Q4 2013 | +54.0% | — | — | |
| Q3 2013 | -2.7% | — | — | |
| Q2 2013 | -3.1% | — | — | |
| Q1 2013 | +0.0% | — | — | |
| Q4 2012 | -6.4% | — | — | |
| Q3 2012 | -8.0% | — | — | |
| Q2 2012 | +0.5% | — | — | |
| Q4 2011 | +0.5% | — | — | |
| Q1 2012 | -17.0% | — | — | |
| Q3 2011 | -13.2% | — | — | |
| Q3 2010 | -13.2% | — | — | |
| Q2 2011 | -11.3% | — | — | |
| Q4 2010 | -11.3% | — | — | |
| Q2 2010 | -11.3% | — | — | |
| Q1 2011 | -10.6% | — | — | |
| Q1 2010 | -11.0% | — | — |
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