---
schema_version: "secwatch.filing_event.v1"
accession: "0001515156-22-000090"
form_type: "8-K"
ticker: "ARQ"
cik: "0001515156"
company_name: "Arq, Inc."
filed_at: "2022-11-08T23:59:59+00:00"
generated_at: "2026-06-22T03:30:00.241380+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# ADES Q3 net loss $2.4M; consumables rev up 7% YoY, announces merger with Arq

## Summary
- Q3 consumables revenue $28.4M vs $26.7M prior year (+7%); net loss $2.4M ($0.13/sh) vs net income $24.3M ($1.31/sh) due to Tinuum wind-down.
- Consolidated Adjusted EBITDA (loss) $0.5M vs $28.5M prior year; cash $85.8M, only $4.9M finance lease debt.
- Entered definitive agreement to combine with Arq Limited, leveraging bituminous feedstock for new markets; expected close H1 2023.
- Announced sale of Marshall Mine to Caddo Creek, eliminating asset retirement obligation; closing also H1 2023.
- Nine-month net loss $5.8M ($0.31/sh) vs net income $54.6M ($2.96/sh) prior year.

## SEC filing metadata
- accession: 0001515156-22-000090
- form_type: 8-K
- ticker: ARQ
- cik: 0001515156
- company_name: Arq, Inc.
- filed_at: 2022-11-08T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1515156/000151515622000090/0001515156-22-000090-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1515156/000151515622000090/ades-20221108.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001515156-22-000090
- JSON: https://secwatch.observer/filing/0001515156-22-000090.json
- Plain text: https://secwatch.observer/filing/0001515156-22-000090.txt

## Key facts
- Earnings Releases
  Arq, Inc. reported the quarter ended September 30, 2022 results: revenue $28.4 million, net income net loss of $2.4 million, EPS $0.13 per diluted share.
  - Period: the quarter ended September 30, 2022
  - Revenue: $28.4 million
  - Net income: net loss of $2.4 million
  - EPS: $0.13 per diluted share
  - Result: reported results
  source text: Group, LLC and Tinuum Services, LLC (collectively "Tinuum"), of which ADES owns 42.5% and 50%, respectively. Third Quarter Highlights • Third quarter consumables revenue was $28.4 million compared to $26.7 million in the prior year period. • Third quarter net loss was $2.4 million compared to net income of $24.3 million in the prior year period, which reflects the
  evidence_url: https://www.sec.gov/Archives/edgar/data/1515156/000151515622000090/0001515156-22-000090-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.