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Renewable Energy Group (REGI) Misses Q2 EPS by 12c, Sales Beat Handily

August 4, 2016 6:32 PM

Renewable Energy Group (NASDAQ: REGI) reported Q2 EPS of $0.16, $0.12 worse than the analyst estimate of $0.28. Revenue for the quarter came in at $558.3 million versus the consensus estimate of $417.78 million.

"This was another strong quarter of growth for revenues, gallons produced and gallons sold," said REG President and CEO Daniel J. Oh. "This growth demonstrates the strength of our core biomass-based diesel operations. We continue to make meaningful progress at REG Life Sciences and we increased our ownership in Petrotec to over 90%. Furthermore, we repurchased more than 4 million shares of REG common stock with proceeds from our recent convertible note offering, which also provided additional working capital."

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

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