Alto Ingredients reported net income of $13.0M, or $0.16 per diluted share, for the third quarter of 2026, down from $14.2M, or $0.19 per diluted share, a year earlier, as lower gross profit and higher SG&A expenses were partially offset by $7.6 million of Section 45Z clean fuel production tax credits, net of estimated monetization costs and lower interest expense.

Filed November 6, 2026 · Period ending September 30, 2026 · Compared to 10-Q Nov 7, 2025 · ~2 min read

Key Changes

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  Net sales rose 7.0% to $257.9M in the third quarter, while gross profit fell 37.0% to $14.8M, which the company attributes to lower alcohol margins at our Pekin Campus, reflecting lower industry crush margins.

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  The company generated $7.6 million of Section 45Z clean fuel production tax credits, net of estimated monetization costs in the third quarter, and now expects a minimum of $20.0 million of Section 45Z tax credit earnings, net of estimated monetization costs, in 2026, compared to our previously expected minimum of $15.0 million.

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  Cash provided by operating activities was $45.6M for the nine months, up from $3.7M a year earlier, enabling $25.1M of principal payments on the Orion term loan and reducing total debt by $26.5M.

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