FutureFuel Releases Third Quarter 2023 Results
Consolidated sales revenue in the three and nine months ended September 30, 2023 decreased $1,389 and $1,957 compared to the three and nine months ended September 30, 2022, respectively.
- Consolidated sales revenue in the three and nine months ended September 30, 2023 decreased $1,389 and $1,957 compared to the three and nine months ended September 30, 2022, respectively.
- In 2023, biodiesel prices fell in the first half of the year and then rose in the third quarter.
- This generated derivative gains for the first half of the year and now mark-to-market losses in the third quarter against committed sales in the fourth quarter.
- Working capital was $235,088 as of September 30, 2023, an increase of $17,410 from December 31, 2022.