secwatch.observer — SEC 8-K summary
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Issuer:     Arq, Inc. (ARQ)
CIK:        0001515156
Form:       8-K
Filed at:   2022-11-08T23:59:59+00:00
Accession:  0001515156-22-000090
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1515156/000151515622000090/0001515156-22-000090-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1515156/000151515622000090/ades-20221108.htm
  HTML page:      https://secwatch.observer/filing/0001515156-22-000090

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