Arq Reports Q3 2026 Results, Narrows Full-Year EBITDA Guidance
Arq reported revenue of $38.2 million, up 9% year over year, and net income of $2.5 million versus a $0.9 million loss. Adjusted EBITDA was $8.8 million. The company narrowed its 2026 Adjusted EBITDA guidance to $19–20 million from $17–20 million; granular activated carbon production remains paused, with no restart expected through 2027.
Arq, Inc. reported record revenue of $38.2 million for the third quarter of 2026, a 9% increase compared to the same period in 2025, driven primarily by higher sales volumes. The company achieved a gross margin of 39.7%, up from 28.8% in the prior year period, and reported net income of $2.5 million compared to a net loss of $0.9 million in the third quarter of 2025. Adjusted EBITDA rose to $8.8 million from $5.2 million in the prior year.
Following these results, the company narrowed its full-year 2026 Adjusted EBITDA guidance range to $19—20 million, up from the previous range of $17—20 million. Additionally, the company noted that production of granular activated carbon (GAC) remains paused, with no restart expected through 2027.