Market Overview

Pacific Ethanol: Q3 Earnings Insights

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Shares of Pacific Ethanol (NASDAQ:PEIX) were flat in after-market trading after the company reported Q3 results.

Quarterly Results

Earnings per share rose 141.38% over the past year to $0.24, which beat the estimate of $0.22.

Revenue of $204,727,000 declined by 43.93% year over year, which beat the estimate of $199,380,000.

Looking Ahead

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

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

Price Action

Company's 52-week high was at $11.44

52-week low: $0.22

Price action over last quarter: Up 33.74%

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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Posted-In: Earnings