Pacific Ethanol was founded in 2003 as the first pure-play ethanol company and today is a leading producer and marketer of low-carbon renewable fuels with 9 strategically located bio-refineries in the U.S., production capacity of 605M gallons/yr., a current run rate of 1B gallons/yr. of marketing volume, and co-product production capacity of over 1.5M tons/yr. (on a […]
In California, Pacific Ethanol reported revenue of $342.4mn, below consensus estimates of $360.4mn. The company posted adjusted EPS of ($0.32) well behind the Wall Street consensus forecast of ($0.13). Management highlighted strong year over year EBITDA results of $1.6mn. Cowen & Company’s Jeffrey Osborne wrote: “Pacific Ethanol continues to face strong headwinds from the macro […]
In California, Pacific Ethanol reported a net loss for Q1 2015 of $4.7 million, compared to $11.1 million for the first quarter of 2014. Net sales were $206.2 million forQ1 2015, a decrease of 19% when compared to $254.5 million for Q1 2014. The decline in net sales was attributable to a decrease in the […]
What’s going on – aren’t biofuels supposed to be dead, and fracking changing everything forever in oil & gas? Yet, tough times for growth at the public oil companies, while bellwether renewable fuel equities are on the rise. Why aren’t results tracking the hype? It’s earnings season — time to look away from the pundits, […]
Santa Claus rallies typically occur between Christmas and New Year’s. But industrial biotech’s rally came early this year. Who is up, and why? The Digest investigates. If you’ve been following The Digest’s Equity Index in recent weeks, you’ll note that it has rallied just on 8 percent in the past two weeks, after hitting a […]
Yesterday, Renewable Energy Group, the leading US biodiesel producer, announced unexpectedly that it now expects to report Adjusted EBITDA ranging from a loss of $2 million to a loss of $7 million. The company’s prior guidance for Adjusted EBITDA was a gain of $10 million to $15 million. The company expects to report gallons of […]
The Biofuels Digest Index™ (BDI), a basket of public biofuels stocks, soared 2.94 percent to 63.73 as ethanol stocks surged. For the day, Biofuel Energy (BIOF) rocketed up 57.00 percent to $4.71, while Pacific Ethanol (PEIX) leaped 14.29 percent to $0.40. Among other equities, Codexis (CDXS) escalated 9.02 percent to $2.66. Overall, advances led declines […]
The Biofuels Digest Index™ (BDI), a basket of public biofuels stocks, edged down 0.25 percent to 70.56 despite strong ethanol gains. For the day, Pacific Ethanol (PEIX) soared 20.00 percent to $1.02, while Amyris (AMRS) plummeted 7.65 percent to $3.02. Among other equities, Syntroleum (SYNM) jumped 10.84 percent to $0.92. Overall, advances led declines 8 […]
In California, Pacific Ethanol has issued 7.6 million shares of common stock at a price of $1.05 to the investors from 11 private equity funds who participated in an $8 million private offering in December. The deal at the time was based on a $1.5 per share strike price for five-year warrants.
In California, Pacific Ethanol reported annual revenues of $901.2 million and net income of $1.8 million, up from revenues of $328.3 million and net income of $71.0 million in 2010. Net income in 2010 included a non-cash gain from bankruptcy exit of $119.4 million. Adjusted EBITDA for 2011 was $5.3 million, an improvement from a […]
