Alto Ingredients reported higher high-quality alcohol volumes in the second quarter of 2026, but narrower premiums over ethanol limited the benefit. High-quality alcohol volumes increased 3.6 million gallons year over year, with specialty alcohol gallons sold rising to 23.5 million from 19.9 million in the prior-year quarter. Average premiums over ethanol narrowed during the quarter, reducing revenues by approximately $2.9 million, though realized derivative gains largely cushioned the impact, limiting the net premium decline to 2 cents per gallon. Realized derivative gains increased $1.2 million in the second quarter, while unrealized derivative losses related to future shipments increased $1.5 million, and open derivative positions represented a net asset of $3.9 million at quarter-end. Despite the narrower premiums, increased high-quality alcohol volumes generated a modest increase in profitability.
Alto Ingredients IncHigher high-quality alcohol volumes but narrower premiums limit gains
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