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Fuel Tech Earnings Calls
| Release date | May 05, 2026 |
| EPS estimate | - |
| EPS actual | -$0.0400 |
| Revenue estimate | 7.62M |
| Revenue actual | 6.08M |
| Revenue Surprise | -20.21% |
| Release date | Mar 03, 2026 |
| EPS estimate | -$0.0300 |
| EPS actual | -$0.0400 |
| EPS Surprise | -33.33% |
| Revenue estimate | 7.467M |
| Revenue actual | 7.247M |
| Revenue Surprise | -2.95% |
| Release date | Nov 04, 2025 |
| EPS estimate | $0.0100 |
| EPS actual | $0.0100 |
| Revenue estimate | 7.467M |
| Revenue actual | 7.49M |
| Revenue Surprise | 0.308% |
| Release date | Aug 05, 2025 |
| EPS estimate | -$0.0300 |
| EPS actual | -$0.0200 |
| EPS Surprise | 33.33% |
| Revenue estimate | 6.086M |
| Revenue actual | 5.558M |
| Revenue Surprise | -8.68% |
Last 4 Quarters for Fuel Tech
Below you can see how FTEK performed 4 days prior and 4 days after releasing the earnings report. Also, you can see the pre-estimates and the actual earnings. This information can give you a slight idea of what you might expect for the next quarter's release.
| Release date | Aug 05, 2025 |
| Price on release | $2.96 |
| EPS estimate | -$0.0300 |
| EPS actual | -$0.0200 |
| EPS surprise | 33.33% |
| Date | Price |
|---|---|
| Jul 30, 2025 | $2.69 |
| Jul 31, 2025 | $2.65 |
| Aug 01, 2025 | $2.57 |
| Aug 04, 2025 | $2.80 |
| Aug 05, 2025 | $2.96 |
| Aug 06, 2025 | $2.94 |
| Aug 07, 2025 | $3.05 |
| Aug 08, 2025 | $3.00 |
| Aug 11, 2025 | $2.86 |
| 4 days before | 10.04% |
| 4 days after | -3.38% |
| On release day | -0.676% |
| Change in period | 6.32% |
| Release date | Nov 04, 2025 |
| Price on release | $2.52 |
| EPS estimate | $0.0100 |
| EPS actual | $0.0100 |
| Date | Price |
|---|---|
| Oct 29, 2025 | $2.64 |
| Oct 30, 2025 | $2.56 |
| Oct 31, 2025 | $2.48 |
| Nov 03, 2025 | $2.64 |
| Nov 04, 2025 | $2.52 |
| Nov 05, 2025 | $2.20 |
| Nov 06, 2025 | $2.12 |
| Nov 07, 2025 | $2.11 |
| Nov 10, 2025 | $2.07 |
| 4 days before | -4.55% |
| 4 days after | -17.86% |
| On release day | -12.70% |
| Change in period | -21.59% |
| Release date | Mar 03, 2026 |
| Price on release | $1.38 |
| EPS estimate | -$0.0300 |
| EPS actual | -$0.0400 |
| EPS surprise | -33.33% |
| Date | Price |
|---|---|
| Feb 25, 2026 | $1.42 |
| Feb 26, 2026 | $1.40 |
| Feb 27, 2026 | $1.42 |
| Mar 02, 2026 | $1.49 |
| Mar 03, 2026 | $1.38 |
| Mar 04, 2026 | $1.24 |
| Mar 05, 2026 | $1.25 |
| Mar 06, 2026 | $1.23 |
| Mar 09, 2026 | $1.23 |
| 4 days before | -2.82% |
| 4 days after | -10.87% |
| On release day | -10.14% |
| Change in period | -13.38% |
| Release date | May 05, 2026 |
| Price on release | $1.59 |
| EPS estimate | - |
| EPS actual | -$0.0400 |
| Date | Price |
|---|---|
| Apr 29, 2026 | $1.66 |
| Apr 30, 2026 | $1.57 |
| May 01, 2026 | $1.61 |
| May 04, 2026 | $1.63 |
| May 05, 2026 | $1.59 |
| May 06, 2026 | $1.38 |
| May 07, 2026 | $1.53 |
| May 08, 2026 | $1.52 |
| May 11, 2026 | $1.49 |
| 4 days before | -4.22% |
| 4 days after | -6.29% |
| On release day | -13.21% |
| Change in period | -10.24% |
Fuel Tech Earnings Call Transcript Summary of Q1 2026
Fuel Tech reported Q1 2026 revenues of $6.1M, down slightly from $6.4M a year ago as stronger Air Pollution Control (APC) results were offset by lower FUEL CHEM revenue driven by seasonal outages and dispatch patterns. APC revenue rose 23% to $1.6M and APC margin expanded materially; FUEL CHEM revenue fell to $4.5M but management expects it to return to historical margins later in the year. Management announced roughly $10M of new APC contract awards (anchored by an SCR integration with two GE Vernova turbines for a Midwest municipal utility), which more than doubled pro forma APC backlog and represents the largest backlog since 2018. Management sees a sizable data-center-related opportunity, estimating an APC/SCR sales pipeline of approximately $75M–$100M (pollution-control portion only) across multiple potential projects, and is actively engaging turbine OEMs and integrators. DGI demonstrations (water/wastewater) remain on track with encouraging operational results and potential commercial conversions later in 2026. Financially, Fuel Tech ended the quarter with a strong balance sheet — $30.6M in cash and investments, no long-term debt, working capital of $22.2M, and continued R&D investment in DGI. The company reiterated guidance that 2026 revenue should exceed 2025 levels, with APC expected to outperform 2025 and FUEL CHEM approximating 2025, while noting that much of the newly awarded APC contract revenue will be recognized in 2027. Operating loss widened (operating loss $1.6M; net loss $1.4M; adjusted EBITDA loss $1.3M) and SG&A guidance for 2026 remains $14M–$15M.
