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Pacific Ethanol: Q2 Earnings Insights

Benzinga Insights
·1 min read

Shares of Pacific Ethanol (NASDAQ:PEIX) moved higher by 38.29% in after-market trading after the company reported Q2 results.

Quarterly Results

Earnings per share rose 258.82% over the past year to $0.27, which beat the estimate of ($0.20).

Revenue of $212,074,000 declined by 38.76% year over year, which beat the estimate of $174,200,000.

Guidance

Pacific Ethanol hasn't issued any earnings guidance for the time being.

View more earnings on PEIX

Revenue guidance hasn't been issued by the company for now.

Price Action

52-week high: $3.30

Company's 52-week low was at $0.22

Price action over last quarter: Up 796.90%

Company Description

Pacific Ethanol Inc is a producer and marketer of renewable fuels. It owns and operates several ethanol production facilities distributed across the Western and Midwestern United States. The company operates across two segments: production and marketing. Its production segment includes the production and sale of ethanol and co-products, such as corn oil, distillers grains, and corn gluten meal. Its marketing segment includes the marketing, distribution, and trading of ethanol. The majority of companywide revenue comes from the production and sale of ethanol, with co-products accounting for a smaller portion. Pacific Ethanol's customers are mainly integrated oil companies and gasoline marketers that blend ethanol into their gasoline.

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