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Quest Resource ( (QRHC) ) just unveiled an announcement.
On March 12, 2026, Quest Resource Holding Corporation and certain domestic subsidiaries amended their existing Monroe Capital credit agreement, modifying financial covenants, and extended the expiration of Monroe-related warrants from March 19, 2028 to June 28, 2030, affecting 850,000 shares. On the same date, the company entered a new $40 million asset-based revolving credit facility with Texas Capital Bank, featuring a $10 million accordion, comprehensive collateral and covenant package, and a December 30, 2029 maturity, while terminating and fully repaying its prior loan and security agreement with PNC Bank, thereby reshaping its capital structure and liquidity profile.
The TCB facility, backed by first-priority liens on substantially all tangible and intangible personal property of certain subsidiaries and stock pledges, imposes limits on additional indebtedness, asset sales, and other transactions, with customary default provisions that could accelerate repayment. These concurrent financing moves signal a refinancing of Quest Resource’s working capital lines, a tightening and recalibration of covenant frameworks with Monroe, and an extension of potential equity upside for Monroe affiliates, with implications for leverage flexibility and future dilution for existing shareholders.
The most recent analyst rating on (QRHC) stock is a Hold with a $2.50 price target. To see the full list of analyst forecasts on Quest Resource stock, see the QRHC Stock Forecast page.
Spark’s Take on QRHC Stock
According to Spark, TipRanks’ AI Analyst, QRHC is a Neutral.
Quest Resource’s overall stock score reflects significant financial challenges, including declining revenue and high leverage. While there are positive signs of operational improvements and short-term technical momentum, the negative valuation and ongoing market pressures weigh heavily on the score. The company’s efforts to improve cash generation and reduce debt are positive, but substantial risks remain.
To see Spark’s full report on QRHC stock, click here.
More about Quest Resource
Quest Resource Holding Corporation operates in the environmental services and resource management industry, providing waste and recycling solutions to corporate clients through a network of service partners. The company focuses on optimizing waste streams, reducing environmental impact, and managing recycling programs for multi-location and industrial customers across the U.S. market.
Average Trading Volume: 35,476
Technical Sentiment Signal: Sell
Current Market Cap: $32.97M
For a thorough assessment of QRHC stock, go to TipRanks’ Stock Analysis page.