Arq Inc

Arq, Inc. reaffirmed its full-year 2026 guidance, expecting revenue between $120 million and $125 million and adjusted EBITDA between $17 million and $20 million. The company introduced a new product line called PAC for PFAS, a powdered activated carbon designed for PFAS removal, which management expects to meaningfully boost performance in 2027 and beyond. For the second quarter, Arq reported revenue of approximately $30 million, gross margin of about 38.5%, and adjusted EBITDA of roughly $5.8 million. Management also disclosed a preliminary cost estimate of $40 million to $60 million for a potential granular activated carbon conversion project but emphasized no investment decision has been made.