Renewable Energy Group (REGI) Q1 Revenues Beat

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Go back to Renewable Energy Group (REGI) Q1 Revenues Beat

Renewable Energy Group Reports First Quarter 2022 Financial Results

May 4, 2022 4:05 PM EDT

Q1 2022 Highlights

Revenues of $936 million Net income available to common stockholders of $12 million, or $0.25 per diluted share Adjusted EBITDA of $40 million Entered into the previously announced merger agreement with Chevron for $61.50 per share in cash Launched branded fuel product line to enable customers to increase biodiesel blending levels Carbon reduction of over 800,000 metric tons from REG-produced fuels in the quarter

Post-Quarter Events:

Geismar turnaround completed as planned Acquired Northern California distributor Dawson Oil Company

AMES,... More