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Note 9 - Earnings Per Share

6 Months Ended

Jun. 30, 2025

Notes to Financial Statements

Earnings Per Share [Text Block]

9)	EARNINGS PER SHARE

In the three and six months ended June 30, 2025 and 2024, FutureFuel used the treasury method in computing earnings per share.

Basic and diluted earnings per common share were computed as follows:

		*Three Months Ended June 30,*								*Six Months Ended June 30,*
		*2025*				*2024*				*2025*				*2024*
Numerator:
Net (loss) income		$	(10,416	)		$	9,571			$	(28,059	)		$	13,901
Denominator:
Weighted average shares outstanding – basic			43,803,243				43,763,243				43,803,243				43,763,243
Effect of dilutive securities:
Stock options and other awards			-				-				-				-
Weighted average shares outstanding – diluted			43,803,243				43,763,243				43,803,243				43,763,243

Basic (loss) earnings per share		$	(0.24	)		$	0.22			$	(0.64	)		$	0.32
Diluted (loss) earnings per share		$	(0.24	)		$	0.22			$	(0.64	)		$	0.32

For the three and six months ended June 30, 2025, 50,000 and 45,000 options to purchase FutureFuel’s common stock were excluded, respectively, in the computation of diluted earnings per share as all options were anti-dilutive. In the three and six months ended June 30, 2024, 22,000 and 44,000 options, respectively, were excluded as all were anti-dilutive.

In addition, 750,000 restricted stock units (“RSUs”) were issued during the year ended December 31, 2024. These RSUs, and related dividends, vest in five equal installments on each anniversary of the award date, September 3, 2024. All of the prorated RSUs were excluded in the computation of diluted earnings per share for the three and six months ended June 30, 2025, as all were anti-dilutive. There were no RSUs in the comparative periods.