Renewable Energy Group (REGI) Tops Q2 EPS by 29c, Revenues Beat

Renewable Energy Group (NASDAQ: REGI) reported Q2 EPS of $0.02, $0.29 better than the analyst estimate of ($0.27). Revenue for the quarter came in at $545.96 million versus the consensus estimate of $508.2 million.

"With $99 million of Adjusted EBITDA, our financial performance for the first half of 2020 was relatively strong despite the oil price war, the impact of the historic pandemic and resulting volatile energy market,” said Cynthia (CJ) Warner, President and Chief Executive Officer. “We continued our focus on optimizing the underlying operational performance of our business while maintaining the health and safety of our employees."

Warner continued, "With the impacts of the pandemic on our business beginning to subside, the feedstock complex and energy markets improved since late April, as represented by improved margins. In spite of the significant April and May headwinds, we are pleased with what we were able to deliver in the first half of 2020, and intend to build on those results."

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

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