Renewable Energy Group Reports First Quarter 2020 Financial Results
Renewable Energy Group, Inc. (REGI)
Last renewable energy group, inc. earnings: 4/30 04:05 pm
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US:NASDAQ Investor Relations:
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Source: Business Wire
Q1 2020 Highlights140 million gallons of fuel sold121 million gallons of fuel producedRevenues of $475 millionNet income from continuing operations available to common stockholders of $75 million, or $1.72 per diluted shareAdjusted EBITDA of $90 millionNet cash proceeds of $500 million from the reinstatement of the Biodiesel Mixture Excise Tax Credit (BTC) related to 2018 and 2019 operations received in March and April 2020Established COVID-19 Emergency Response Team in January to monitor and react to the virus to protect our employees, vendors, customers and other business partnersBiodiesel and renewable diesel production has been confirmed as an essential business enabling us to continue to operate our facilitiesCarbon reduction from REG produced fuels of over one million metric tons AMES, Iowa--(BUSINESS WIRE)--Renewable Energy Group, Inc. (“REG” or the “Company”) (NASDAQ: REGI) today announced its financial results for the first quarter ended March 31, 2020.Revenues for the fir
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