Alto Ingredients Inc
NASDAQ:ALTO

  • LAST PRICE
    1.4250
  • TODAY'S CHANGE (%)
    0.0050 (0.3521%)
  • Bid / Lots
    1.4200/ 31
  • Ask / Lots
    1.4300/ 18
  • Open / Previous Close
    1.4300 / 1.4200
  • Day Range
    1.4100
    1.4500
  • 52 Week Range
    1.1800
    2.9988
  • Volume
    286,398

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  • Nov 7, 2024

  • Nov 6, 2024

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    • 4:07PM ET on Wednesday Nov 06, 2024 by MT Newswires
      Companies Mentioned: ALTO
      04:07 PM EST, 11/06/2024 (MT Newswires) -- ...

    • 4:07PM ET on Wednesday Nov 06, 2024 by Dow Jones
      Companies Mentioned: ALTO
      fuel gallons sold 31.1 34.4 93.6 104.4 Western production renewable fuel gallons sold 18.0 22.2 38.2 46.6 Third party renewable fuel gallons sold 25.2 21.9 89.3 82.4 ------- ------- ------- ------- Total renewable fuel gallons sold 74.3 78.5 221.1 233.4 Specialty alcohol gallons sold 22.5 18.6 69.8 56.6 ------- ------- ------- ------- Total gallons sold 96.8 97.1 290.9 290.0 Sales Price per Gallon Pekin Campus $ 2.02 $ 2.48 $ 1.96 $ 2.46 Western production $ 2.02 $ 2.57 $ 1.94 $ 2.63 Marketing and distribution $ 2.17 $ 2.69 $ 2.01 $ 2.62 Total $ 2.06 $ 2.56 $ 1.97 $ 2.53 Alcohol Production (gallons in millions) Pekin Campus 53.4 51.8 157.0 158.1 Western production 19.2 22.5 37.5 47.3 ------- ------- ------- ------- Total 72.6 74.3 194.5 205.4 Corn Cost per Bushel Pekin Campus $ 4.40 $ 6.29 $ 4.55 $ 6.72 Western production $ 5.52 $ 7.37 $ 5.69 $ 7.91 Total $ 4.68 $ 6.60 $ 4.76 $ 6.98 Sales and Operating Metrics (unaudited) ------------------------------------------------------------- Three Months Ended Nine Months Ended September 30, September 30, ------------------- --------------------- 2024 2023 2024 2023 ------ ------ ------ --------- Average Market Metrics PLATTS Ethanol price per gallon $ 1.81 $ 2.29 $ 1.72 $ 2.32 CME Corn cost per bushel $ 3.92 $ 4.98 $ 4.23 $ 5.94 Board corn crush per gallons (1) $ 0.41 $ 0.51 $ 0.21 $ 0.20 Essential Ingredients Sold (thousand tons) Pekin Campus: Distillers grains 83.7 85.3 251.1 252.5 CO2 53.5 48.9 135.9 139.0 Corn wet feed 30.0 28.3 80.4 70.0 Corn dry feed 26.5 22.1 65.2 67.3 Corn oil and germ 18.8 17.8 54.1 55.6 Syrup and other 8.0 9.2 28.6 28.5 Corn meal 9.8 8.2 26.1 27.8 Yeast 6.3 6.4 17.8 19.7 ------ ------ ------ --------- Total Pekin Campus essential ingredients sold 236.6 226.2 659.2 660.4 Western production: Distillers grains 116.6 144.6 250.2 307.7 CO2 14.7 14.9 43.1 41.7 Syrup and other 21.4 35.2 37.6 71.6 Corn oil 2.1 2.3 4.5 5.2 ------ ------ ------ --------- Total Western production essential ingredients sold 154.8 197.0 335.4 426.2 Total Essential Ingredients Sold 391.4 423.2 994.6 1,086.6 Essential ingredients return % (2) Pekin Campus return 49.0% 44.8% 49.7% 44.1% Western production return 28.6% 31.3% 33.0% 32.3% Consolidated total return 42.8% 40.4% 46.0% 41.2% (1) Assumes corn conversion of 2.80 gallons of alcohol per bushel of corn. (2) Essential ingredients revenues as a percentage of total corn costs consumed. Segment Financials (unaudited, in thousands) ---------------------------------------------------------------- Three Months Ended Nine Months Ended September 30, September 30, ------------------ ----------------------- 2024 2023 2024 2023 -------- -------- ----------- ---------- Net Sales ------------------- Pekin Campus, recorded as gross: Alcohol sales $106,459 $128,554 $ 315,494 $ 388,629 Essential ingredient sales 41,217 51,634 127,297 169,220 Intersegment sales 321 363 927 1,120 -------- -------- ----------- ---------- Total Pekin Campus sales 147,997 180,551 443,718 558,969 Marketing and distribution: Alcohol sales, gross $ 54,531 $ 58,805 $ 179,118 $ 215,741 Alcohol sales, net 71 74 169 292 Intersegment sales 2,862 3,392 8,002 8,734 -------- -------- ----------- ---------- Total marketing and distribution sales 57,464 62,271 187,289 224,767 Western production, recorded as gross: Alcohol sales $ 36,395 $ 57,159 $ 74,084 $ 122,477 Essential ingredient sales 10,408 17,841 24,184 40,614 Intersegment sales 8 37 (122) 99 -------- -------- ----------- ---------- Total Western production sales 46,811 75,037 98,146 163,190 Corporate and other 2,733 4,060 8,565 12,342 Intersegment eliminations (3,191) (3,792) (8,807) (9,953) -------- -------- ----------- ---------- Net sales as reported $251,814 $318,127 $ 728,911 $ 949,315 ======= ======= ======= ========= Cost of goods sold: ------------------- Pekin Campus $141,823 $179,995 $ 423,135 $ 546,591 Marketing and distribution 53,553 58,051 176,676 212,923 Western production 49,079 73,584 112,762 165,401 Corporate and other 2,952 3,538 8,690 9,322 Intersegment eliminations (1,553) (1,202) (3,465) (3,100) -------- -------- ----------- ---------- Cost of goods sold as reported $245,854 $313,966 $ 717,798 $ 931,137 ======= ======= ======= ========= Gross profit (loss): ------------------- Pekin Campus $ 6,174 $ 556 $ 20,583 $ 12,378 Marketing and distribution 3,911 4,220 10,613 11,844 Western production (2,268) 1,453 (14,616) (2,211) Corporate and other (219) 522 (125) 3,020 Intersegment eliminations (1,638) (2,590) (5,342) (6,853) -------- -------- ----------- ---------- Gross profit (loss) as reported $ 5,960 $ 4,161 $ 11,113 $ 18,178 ======= ======= ======= =========

    • 4:07PM ET on Wednesday Nov 06, 2024 by Dow Jones
      Companies Mentioned: ALTO
      fuel gallons sold 31.1 34.4 93.6 104.4 Western production renewable fuel gallons sold 18.0 22.2 38.2 46.6 Third party renewable fuel gallons sold 25.2 21.9 89.3 82.4 ------- ------- ------- ------- Total renewable fuel gallons sold 74.3 78.5 221.1 233.4 Specialty alcohol gallons sold 22.5 18.6 69.8 56.6 ------- ------- ------- ------- Total gallons sold 96.8 97.1 290.9 290.0 Sales Price per Gallon Pekin Campus $ 2.02 $ 2.48 $ 1.96 $ 2.46 Western production $ 2.02 $ 2.57 $ 1.94 $ 2.63 Marketing and distribution $ 2.17 $ 2.69 $ 2.01 $ 2.62 Total $ 2.06 $ 2.56 $ 1.97 $ 2.53 Alcohol Production (gallons in millions) Pekin Campus 53.4 51.8 157.0 158.1 Western production 19.2 22.5 37.5 47.3 ------- ------- ------- ------- Total 72.6 74.3 194.5 205.4 Corn Cost per Bushel Pekin Campus $ 4.40 $ 6.29 $ 4.55 $ 6.72 Western production $ 5.52 $ 7.37 $ 5.69 $ 7.91 Total $ 4.68 $ 6.60 $ 4.76 $ 6.98 Sales and Operating Metrics (unaudited) ------------------------------------------------------------- Three Months Ended Nine Months Ended September 30, September 30, ------------------- --------------------- 2024 2023 2024 2023 ------ ------ ------ --------- Average Market Metrics PLATTS Ethanol price per gallon $ 1.81 $ 2.29 $ 1.72 $ 2.32 CME Corn cost per bushel $ 3.92 $ 4.98 $ 4.23 $ 5.94 Board corn crush per gallons (1) $ 0.41 $ 0.51 $ 0.21 $ 0.20 Essential Ingredients Sold (thousand tons) Pekin Campus: Distillers grains 83.7 85.3 251.1 252.5 CO2 53.5 48.9 135.9 139.0 Corn wet feed 30.0 28.3 80.4 70.0 Corn dry feed 26.5 22.1 65.2 67.3 Corn oil and germ 18.8 17.8 54.1 55.6 Syrup and other 8.0 9.2 28.6 28.5 Corn meal 9.8 8.2 26.1 27.8 Yeast 6.3 6.4 17.8 19.7 ------ ------ ------ --------- Total Pekin Campus essential ingredients sold 236.6 226.2 659.2 660.4 Western production: Distillers grains 116.6 144.6 250.2 307.7 CO2 14.7 14.9 43.1 41.7 Syrup and other 21.4 35.2 37.6 71.6 Corn oil 2.1 2.3 4.5 5.2 ------ ------ ------ --------- Total Western production essential ingredients sold 154.8 197.0 335.4 426.2 Total Essential Ingredients Sold 391.4 423.2 994.6 1,086.6 Essential ingredients return % (2) Pekin Campus return 49.0% 44.8% 49.7% 44.1% Western production return 28.6% 31.3% 33.0% 32.3% Consolidated total return 42.8% 40.4% 46.0% 41.2% (1) Assumes corn conversion of 2.80 gallons of alcohol per bushel of corn. (2) Essential ingredients revenues as a percentage of total corn costs consumed. Segment Financials (unaudited, in thousands) ---------------------------------------------------------------- Three Months Ended Nine Months Ended September 30, September 30, ------------------ ----------------------- 2024 2023 2024 2023 -------- -------- ----------- ---------- Net Sales ------------------- Pekin Campus, recorded as gross: Alcohol sales $106,459 $128,554 $ 315,494 $ 388,629 Essential ingredient sales 41,217 51,634 127,297 169,220 Intersegment sales 321 363 927 1,120 -------- -------- ----------- ---------- Total Pekin Campus sales 147,997 180,551 443,718 558,969 Marketing and distribution: Alcohol sales, gross $ 54,531 $ 58,805 $ 179,118 $ 215,741 Alcohol sales, net 71 74 169 292 Intersegment sales 2,862 3,392 8,002 8,734 -------- -------- ----------- ---------- Total marketing and distribution sales 57,464 62,271 187,289 224,767 Western production, recorded as gross: Alcohol sales $ 36,395 $ 57,159 $ 74,084 $ 122,477 Essential ingredient sales 10,408 17,841 24,184 40,614 Intersegment sales 8 37 (122) 99 -------- -------- ----------- ---------- Total Western production sales 46,811 75,037 98,146 163,190 Corporate and other 2,733 4,060 8,565 12,342 Intersegment eliminations (3,191) (3,792) (8,807) (9,953) -------- -------- ----------- ---------- Net sales as reported $251,814 $318,127 $ 728,911 $ 949,315 ======= ======= ======= ========= Cost of goods sold: ------------------- Pekin Campus $141,823 $179,995 $ 423,135 $ 546,591 Marketing and distribution 53,553 58,051 176,676 212,923 Western production 49,079 73,584 112,762 165,401 Corporate and other 2,952 3,538 8,690 9,322 Intersegment eliminations (1,553) (1,202) (3,465) (3,100) -------- -------- ----------- ---------- Cost of goods sold as reported $245,854 $313,966 $ 717,798 $ 931,137 ======= ======= ======= ========= Gross profit (loss): ------------------- Pekin Campus $ 6,174 $ 556 $ 20,583 $ 12,378 Marketing and distribution 3,911 4,220 10,613 11,844 Western production (2,268) 1,453 (14,616) (2,211) Corporate and other (219) 522 (125) 3,020 Intersegment eliminations (1,638) (2,590) (5,342) (6,853) -------- -------- ----------- ---------- Gross profit (loss) as reported $ 5,960 $ 4,161 $ 11,113 $ 18,178 ======= ======= ======= =========

    • 4:05PM ET on Wednesday Nov 06, 2024 by Dow Jones
      Companies Mentioned: ALTO

      Alto Ingredients, Inc. Enters CO2 Transportation and Sequestration Agreement with Vault 44.01

      PEKIN, Ill., Nov. 06, 2024 (GLOBE NEWSWIRE) -- Alto Ingredients, Inc. (NASDAQ: ALTO), a leading producer and distributor of specialty alcohols, renewable fuels and essential ingredients, announced it entered into a CO(2) Transportation and Sequestration Agreement (TSA) with Vault 44.01 to provide transportation, injection and sequestration into the Mt. Simon sandstone formation in Illinois of CO(2) produced at Alto Ingredients' Pekin campus.

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