Renewable Energy Group (REGI) Misses Q2 EPS by 13c, Beats on Revenues

Renewable Energy Group (NASDAQ: REGI) reported Q2 EPS of ($0.06), $0.13 worse than the analyst estimate of $0.07. Revenue for the quarter came in at $534.09 million versus the consensus estimate of $531.88 million.

Q2 2017 Highlights

• 160 million gallons sold, up 7% y/y
• 117 million gallons produced, up 3% y/y
• Net loss of $34.8 million or $0.90 per share
• Adjusted net loss of $2.3 million, or $0.06 per share, excluding the non-cash expense of $32.5 million for the convertible debt conversion liability
• Adjusted EBITDA of $19.7 million, up 145% y/y
• Geismar $20 million land purchase and ground lease termination
• As of June 30, 2017:• Cash and cash equivalents of $87.6 million• Net working capital of $180.3 million• Long-term debt of $215.3 million

For earnings history and earnings-related data on Renewable Energy Group (REGI) click here.

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