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Arq (ARQ) guidance and outlook
Arq (ARQ) raised its guidance on Nov 4, 2026: EBITDA $19.0M–$20.0M for FY2026; Revenue $120M–$125M for FY2026; Capital expenditures $8.0M–$10.0M for FY2026. Arq's 10-Q filed Nov 4, 2026 makes 23 forward-looking statements.
Guidance and outlook
Latest guidance
| Metric | Period | Range | Change |
|---|---|---|---|
| EBITDA | FY2026 | $19.0M–$20.0M | raised |
| Revenue | FY2026 | $120M–$125M | reaffirmed |
| Capital expenditures | FY2026 | $8.0M–$10.0M | reaffirmed |
From the earnings release filed Nov 4, 2026 (8-K on EDGAR).
Forward-looking statements, 10-Q filed Nov 4, 2026
- Additionally, we now expect to transition away from using Corbin Wetcake to a bituminous coal feedstock with proven performance upon resuming production of our bituminous GAC products.
- We intend to secure customer interest in Corbin Wetcake as an additive into other markets, such as a component for asphalt road pavement, or for use in the purified coal for energy generation applications.
- We expect that natural gas prices will remain relatively consistent through 2026 at elevated levels due to increased demand for liquified natural gas exports, and conflict in the Middle East impacting supply, partially offset by increases in anticipated natural gas inventory levels.
- We expect that the requirement to publish PFAS contamination may have a material impact on our results of operations in the near term as public water systems utilize our products, such as our PAC for PFAS™ product, to reduce the level of PFAS present in their water.
- These additional constraints emerged as we prepared to transition from our Corbin Wetcake to bituminous coal with proven performance, a solution which is expected to address previously announced design flaws and constraints at our GAC Facility.
- This strategic optimization review is effectively complete, and the preferred design, estimated costs, and timing associated with restarting and ramping our GAC Facility up to our target capacity have been determined.
- Because of this, and due to the issues described above, we do not expect GAC Facility production in fiscal year 2026 or 2027.
- We expect that revenue will continue to be positively impacted by demand for our PAC products, including increased demand related to the use of PAC for PFAS treatment.
- As we have paused production at our GAC Facility at our Red River Plant, we expect that gross margin will continue to improve relative to 2025 as the impact of fixed production costs related to our GAC Facility on our gross margin lessens.
- For the three months ended September 30, 2026, we had an effective tax rate of zero and recorded no income tax expense based on our operating forecast for the year ending December 31, 2026.
- For the nine months ended September 30, 2026, we had an effective tax rate of zero and recorded no income tax expense based on our operating forecast for the year ending December 31, 2026.
- We believe the non-GAAP measures provide useful information to both management and users of the financial statements by excluding certain expenses, gains, and losses which can vary widely across different industries or among companies within the same industry and may not be indicative of core operating results and business outlook.
Arq's latest quarter
Arq, Q3 2026: revenue $38.2M (+9% year over year), operating margin 8.2%, net earnings $2.5M, operating cash flow $10.3M. The chart follows the revenue to costs, profit and cash.
Questions
Did Arq raise or lower its guidance?
Arq (ARQ) raised its guidance on Nov 4, 2026: EBITDA $19.0M–$20.0M for FY2026; Revenue $120M–$125M for FY2026; Capital expenditures $8.0M–$10.0M for FY2026.
What does Arq expect?
Additionally, we now expect to transition away from using Corbin Wetcake to a bituminous coal feedstock with proven performance upon resuming production of our bituminous GAC products. We intend to secure customer interest in Corbin Wetcake as an additive into other markets, such as a component for asphalt road pavement, or for use in the purified coal for energy generation applications. We expect that natural gas prices will remain relatively consistent through 2026 at elevated levels due to increased demand for liquified natural gas exports, and conflict in the Middle East impacting supply,
Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.