---
schema_version: "secwatch.filing_event.v1"
accession: "0001515156-23-000134"
form_type: "8-K"
ticker: "ARQ"
cik: "0001515156"
company_name: "Arq, Inc."
filed_at: "2023-11-08T23:59:59+00:00"
generated_at: "2026-06-08T09:17:07.637288+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# ADES Q3 consumables revenue $29.8M (+5% YoY); gross margin improves to 30.6% from 24.1%; Adjusted EBITDA positive $0.9M

## Summary
- Consumables revenue $29.8M (Q3 2023) vs $28.4M (Q3 2022); net loss narrowed to $2.2M from $2.4M.
- Consumables gross margin 30.6% vs 24.1% in prior year; driven by higher selling prices and product mix.
- Consolidated Adjusted EBITDA $0.9M vs -$0.5M (prior year); year-to-date Adj. EBITDA loss $9.8M (includes $4.9M Arq transaction costs).
- Appointed Jeremy "Deke" Williamson as COO effective Sep 18, 2023.
- Capex guidance $35-40M for 2023; received air permit and started phase one construction at Red River for granular activated carbon.

## SEC filing metadata
- accession: 0001515156-23-000134
- form_type: 8-K
- ticker: ARQ
- cik: 0001515156
- company_name: Arq, Inc.
- filed_at: 2023-11-08T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- 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/1515156/000151515623000134/0001515156-23-000134-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1515156/000151515623000134/ades-20231108.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001515156-23-000134
- JSON: https://secwatch.observer/filing/0001515156-23-000134.json
- Plain text: https://secwatch.observer/filing/0001515156-23-000134.txt

## Key facts
- Earnings Releases
  Arq, Inc. reported the quarter ended September 30, 2023 results: revenue $29.8 million, net income $2.2 million.
  - Period: the quarter ended September 30, 2023
  - Revenue: $29.8 million
  - Net income: $2.2 million
  - Result: reported results
  source text: Third quarter consumables revenue was $29.8 million compared to $28.4 million in the prior year period.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1515156/000151515623000134/0001515156-23-000134-index.htm

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