Syntroleum earnings jump in Q2
In Oklahoma, Syntroleum reported Q2 operating income of $8.0 million resulting from total revenues of $12.1 million and operating expenses of $4.1 million.
Syntroleum’s net income was $6.9 million or $0.07 per share and $5 million or $0.05 per share, respectively, for the three months and six months ended June 30, 2012, compared with net losses of $5.5 million or $0.07 per share and $9.4 million or $0.11 per share for the corresponding period in 2011.
As of June 30, 2012 Syntroleum’s available cash position was $18.3 million. For the six months ended March 31, 2012, the company reported a loss from Dynamic Fuels of $3.0 million. This compares to a loss of $6.9 million for the six months ended March 31, 2011. During the six months ended March 31, 2012 the plant sold 19.9 million gallons of renewable fuels compared to sales of 5.8 million gallons during the six months ended March 31, 2011.
Category: Fuels
