Fuel Tech (FTEK)
NASDAQ:FTEK
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Earnings Data
Report Date
Aug 11, 2026After Close (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
-0.02Last Year’s EPS
-0.02Same Quarter Last Year
Moderate Buy
Based on 1 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Neutral
The call contained a mix of encouraging forward-looking developments — notably material APC contract awards (~$10M), a significantly expanded data center pipeline ($75M–$100M), improved APC revenue and margin, positive DGI demonstrations, and a strong balance sheet with ~$30.6M in cash and investments and no long-term debt — alongside near-term operational and financial headwinds including a small consolidated revenue decline (Q1 revenue -4.7%), larger net and operating losses, higher SG&A as a percent of revenue, and dependency on demonstration conversions and longer project execution timelines that push substantial revenue into 2027. Management is optimistic about 2026 overall but many upside items remain timing-dependent.Company Guidance
Large APC Contract Awards (~$10M) and Backlog Expansion
Announced multiple Air Pollution Control (APC) contracts valued at approximately $10 million, anchored by an SCR integration for 2 new GE Vernova turbines for a large Midwest municipal utility. Management says these awards more than doubled pro forma APC backlog to approximately $17 million (largest backlog since 2018).
Strong Data Center Opportunity Pipeline ($75M–$100M)
Management reports a sales pipeline of approximately $75 million to $100 million for data center-related projects integrating SCR technology (pollution-control scope represents a small fraction of total AI infrastructure spend). Company is engaged on 8–10 data center projects at various stages and sees these awards as potential primary source of near-term material growth.
APC Revenue and Margin Improvement
APC segment revenue rose 23% to $1.6 million (from $1.3M) and segment margin expanded nearly 600 basis points to 38.3%, driven by timing of project execution and improved product/project mix.
Near-Term APC Pipeline and WAHLCO Acquisition Opportunities
Excluding data centers, management is tracking $8M–$10M of additional APC potential awards and expects to close at least $3M–$5M of these before end of Q2 or early Q3. Inquiries from WAHLCO customers (recently acquired technology portfolio) remain encouraging.
DGI Demonstrations Showing Positive Performance
DGI extended demos: a Western U.S. fish hatchery demo is on track to end the quarter with improved oxygen delivery, cost savings and improved fish growth; a Southeast wastewater demo (ending Q3) reports dramatically reduced odor complaints. Management is discussing post-demo commercial steps and expects initial commercial DGI sales later in 2026.
Strong Balance Sheet — Cash, Investments and No Long-Term Debt
As of March 31, 2026, cash and investments totaled $30.6 million (cash & equivalents $9.1M; investments $21.5M), no long-term debt, working capital $22.2M ($0.71/share), stockholders' equity $38.6M ($1.24/share) and cash per share ~$0.98 — providing capacity to fund awards and pursue opportunities.
Company-Level 2026 Revenue Outlook
Management expects 2026 revenues to exceed 2025 levels, with APC exceeding 2025 performance and FUEL CHEM approximating 2025 revenues; however, much of the large APC contract revenue is weighted to 2027.
Potential FUEL CHEM Upside from Demonstration Conversion
A new U.S. FUEL CHEM commercial demonstration (6-month program) could convert to full commercial status and generate an estimated $2.5M–$3M of annual revenue if run full-time, and the customer has reported reduced downtime and maintenance costs during the demo.
FTEK Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
FTEK Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
May 05, 2026 | $1.59 | $1.38 | -13.21% |
Mar 03, 2026 | $1.38 | $1.24 | -10.14% |
Nov 04, 2025 | $2.52 | $2.20 | -12.70% |
Aug 05, 2025 | $2.96 | $2.94 | -0.68% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Fuel Tech (FTEK) report earnings?
Fuel Tech (FTEK) is schdueled to report earning on Aug 11, 2026, After Close (Confirmed).
What is Fuel Tech (FTEK) earnings time?
Fuel Tech (FTEK) earnings time is at Aug 11, 2026, After Close (Confirmed).
Where can I see when companies are reporting earnings?
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What companies are reporting earnings today?
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What is FTEK EPS forecast?
FTEK EPS forecast for the fiscal quarter 2026 (Q2) is -0.02.