Renewable Energy Group (REGI) Misses Q3 EPS by 16c, Revenues Beat

Renewable Energy Group (NASDAQ: REGI) reported Q3 EPS of $0.60, $0.16 worse than the analyst estimate of $0.76. Revenue for the quarter came in at $576 million versus the consensus estimate of $552.02 million.

"We delivered a relatively strong third quarter and are on track for a strong full year. We are especially pleased with these results considering the price volatility and overall energy demand slowdown due to COVID-19," said Cynthia (CJ) Warner, President and Chief Executive Officer. "Demand for our low carbon fuels was resilient, which we believe further demonstrates that the renewable fuel industry is at an inflection point driven by customer demand."

Warner continued, "REG is positioned to lead and capitalize on this unique opportunity with strong ongoing production, and our focused downstream strategy to deliver value to our customers while expanding our margins. We are building upon this momentum with the planned Geismar expansion."

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

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