Fuel Tech reported second quarter 2026 financial results with consolidated revenues rising 17% to $6.5 million from $5.6 million in the prior year period. The company posted a net loss of $1.2 million, or $0.04 per share, compared to a net loss of $0.7 million, or $0.02 per share, previously. Air Pollution Control segment revenues increased 11% to $2.8 million with backlog growing to $14.3 million, while FUEL CHEM segment revenues rose 21% to $3.7 million. Fuel Tech announced that Ramesh Nuggihalli will succeed Vincent J. Arnone as President and CEO effective August 10, 2026. The company maintains a balance sheet with approximately $30 million in cash, equivalents, and investments and no long-term debt. Fuel Tech develops and commercializes proprietary technologies for air pollution control, process optimization, water treatment, and advanced engineering services.
