Exhibit 99

Statement  of Computation of Per Share Earnings

In the three and nine months ended September 30, 2021 and 2020, FutureFuel computed earnings per share using the treasury method. 

The composition of basic and diluted earnings per share were as follows:

(Dollars in thousands, except per share amounts)

	Three Months Ended September 30,				Nine Months Ended September 30,
	2021		2020		2021		2020
Numerator:
Net income	$	9,202	$	6,890	$	3,910	$	41,092
Denominator:
Weighted average shares outstanding – basic		43,763,243		43,743,243		43,753,646		43,743,243
Effect of dilutive securities:
Stock options and other awards		-		2,096		63		864
Weighted average shares outstanding – diluted		43,763,243		43,745,339		43,753,709		43,744,107
Basic earnings per share	$	0.21	$	0.16	$	0.09	$	0.94
Diluted earnings per share	$	0.21	$	0.16	$	0.09	$	0.94