Renewable fuels

Search documents
NW Natural Holdings Increases Dividend for 70th Consecutive Year
Businesswire· 2025-10-09 23:02
Oct 9, 2025 7:02 PM Eastern Daylight Time PORTLAND, Ore.--(BUSINESS WIRE)--The Board of Directors of Northwest Natural Holding Company (NYSE: NWN) has increased the quarterly dividend to 49.25 cents per share on the Company's common stock. The dividend will be paid on Nov. 14, 2025 to shareholders of record on Oct. 31, 2025. The Company's indicated annual dividend rate is $1.97 per share. About NW Natural Holdings NWN Gas Utility is a local distribution company that currently provides natural gas service to ...
Parkland Corporation Announces Election Deadline for the Sunoco Arrangement
Prnewswire· 2025-10-08 11:55
, /PRNewswire/ -Â Parkland Corporation ("Parkland", "we", the "Company", or "our") (TSX: PKI) announced today that the deadline for registered holders of common shares of Parkland (the "Company Shares") to make elections in respect of the consideration receivable pursuant to the previously announced Sunoco Arrangement is 5:00 P.M. (Calgary time) on October 17, 2025 (the "Election Deadline"). For complete instructions, please refer to the letter of transmittal and election form previously mailed to registere ...
Alto Ingredients, Inc. to Present in the LD Micro Main Event XIX
Globenewswire· 2025-10-07 12:30
PEKIN, Ill., Oct. 07, 2025 (GLOBE NEWSWIRE) -- Alto Ingredients, Inc. (NASDAQ: ALTO), a leading producer and distributor of specialty alcohols, renewable fuels and essential ingredients, announced that management plans to participate at the LD Micro Main Event XIX on Tuesday, October 21, 2025, in San Diego. Management will conduct one-on-one meetings, and management will present at 1:00 pm PT. Presentation materials and webcast for the presentation can be accessed at www.altoingredients.com. About Alto Ingr ...
Sunoco LP and Parkland Corporation Announce Expiration of Hart-Scott-Rodino Act Waiting Period
Prnewswire· 2025-09-22 12:00
Accessibility StatementSkip Navigation Forward-Looking StatementsThis communication contains "forward-looking statements" within the meaning of the federal securities laws, including Section 27A of the Securities Act and Section 21E of the Securities Exchange Act of 1934, as amended. In this context, forward-looking statements often address future business and financial events, conditions, expectations, plans or ambitions, and often include, but are not limited to, words such as "believe," "expect," "may," ...
Parkland Corporation Announces the Mailing of a Letter of Transmittal in Connection with the Sunoco Arrangement
Prnewswire· 2025-09-11 11:55
Core Viewpoint - Parkland Corporation has initiated the process for shareholders to elect their preferred form of consideration in connection with the Sunoco Arrangement, which involves a cash and equity transaction for the acquisition of all issued and outstanding Company Shares [1][10]. Group 1: Shareholder Communication - A Letter of Transmittal has been mailed to registered holders of common shares, detailing the necessary documentation and information required to obtain their entitled consideration under the Sunoco Arrangement [2]. - Registered shareholders must follow the instructions in the Letter of Transmittal to ensure proper submission to Computershare Investor Services Inc., the depositary for the Sunoco Arrangement [2][3]. Group 2: Election Options - Shareholders can choose from three options for their consideration in exchange for each Company Share: 1. C$44.00 in cash (Cash Elected Consideration) 2. Approximately 0.536 SunocoCorp Units (Unit Elected Consideration) 3. A combination of cash and units, subject to proration and adjustments (Combination Elected Consideration) [4][7]. - Failure to submit a properly completed Letter of Transmittal by the Election Deadline will result in shareholders being deemed to have elected the Combination Elected Consideration [4]. Group 3: Election Deadline - The Election Deadline has not yet been determined, but Parkland will announce it prior to the closing date of the Sunoco Arrangement [5]. Group 4: Company Overview - Parkland Corporation is a leading international fuel distributor and convenience retailer, operating in 26 countries across the Americas, with approximately 4,000 retail and commercial locations [6]. - The company focuses on providing essential fuels while also offering renewable fuel options, ultra-fast EV charging, and solutions for carbon credits and solar power [6].
Alto Ingredients, Inc. to Present in the 27th Annual H.C. Wainwright Global Investment Conference
Globenewswire· 2025-09-02 20:05
Core Insights - Alto Ingredients, Inc. is set to participate in the H.C. Wainwright 27th Annual Global Investment Conference on September 9, 2025, in New York City [1] - The company will conduct one-on-one meetings and present at 9:00 am ET, with presentation materials and webcast available on their website [2] Company Overview - Alto Ingredients, Inc. is a leading producer and distributor of specialty alcohols, renewable fuels, and essential ingredients, serving various markets including Health, Home & Beauty, Food & Beverage, Industry & Agriculture, Essential Ingredients, and Renewable Fuels [3]
Calumet Provides Update After Latest U.S. EPA Small Refinery Exemption Decision
Prnewswire· 2025-08-26 11:40
Core Viewpoint - Calumet, Inc. has successfully received full or partial exemptions for all petitions filed with the EPA from 2019 to 2024, significantly reducing its Renewable Identification Number (RIN) liability from 396 million to 89 million RINs, which is a substantial relief for the company and the renewable fuels industry [2][3]. Company Summary - Calumet, Inc. manufactures and markets a diverse range of specialty branded products and renewable fuels across various consumer and industrial markets, operating twelve facilities in North America [4]. Industry Impact - The EPA's recent ruling is seen as a positive step towards resolving the historical backlog in the renewable fuels industry, providing clarity and supporting the role of small refiners and biofuels in enhancing America's energy independence [3].
Calumet Reports Second Quarter 2025 Results
Prnewswire· 2025-08-08 11:00
Core Insights - Calumet, Inc. reported a net loss of $147.9 million for Q2 2025, compared to a loss of $39.1 million in Q2 2024, reflecting significant challenges in financial performance [3][26] - Adjusted EBITDA with Tax Attributes for Q2 2025 was $76.5 million, showing a slight increase from $74.8 million in the same quarter last year [3][29] - The company achieved approximately $42 million in year-over-year operating cost reductions through disciplined operational execution [3][4] Financial Performance - The total sales volume for Q2 2025 was 88,766 barrels per day, a decrease from 90,242 barrels per day in Q2 2024 [7] - The Specialty Products and Solutions segment reported Adjusted EBITDA of $66.8 million in Q2 2025, down from $72.7 million in Q2 2024, attributed to a planned turnaround [2][3] - The Performance Brands segment's Adjusted EBITDA was $13.5 million in Q2 2025, compared to $14.1 million in Q2 2024, reflecting strong margin performance despite the divestiture of the Royal Purple® Industrial business [2][3] Segment Analysis - The Montana/Renewables segment reported Adjusted EBITDA with Tax Attributes of $16.3 million in Q2 2025, up from $8.7 million in the prior year, benefiting from lower operating costs and record volumes [4][31] - The gross profit (loss) for the Specialty Products and Solutions segment was $(14.9) million in Q2 2025, compared to a profit of $39.1 million in Q2 2024 [3][26] - The Montana/Renewables segment's gross profit (loss) per barrel was $(20.78) in Q2 2025, compared to $(0.18) in Q2 2024, indicating significant challenges in profitability [3][21] Operational Highlights - The company completed a month-long turnaround at its Shreveport facility, which contributed to operational performance improvements [3] - Operating costs at Montana Renewables fell to $0.43 per gallon in Q2 2025, the lowest since the platform's launch, enhancing its competitive position [3][4] - The company is on track to achieve 120–150 million gallons of annualized SAF production by Q2 2026, supported by a favorable regulatory environment [3][4]
Aemetis (AMTX) Reports Q2 Loss, Misses Revenue Estimates
ZACKS· 2025-08-07 14:16
Group 1: Earnings Performance - Aemetis reported a quarterly loss of $0.41 per share, which was worse than the Zacks Consensus Estimate of a loss of $0.35, representing an earnings surprise of -17.14% [1] - The company posted revenues of $52.24 million for the quarter ended June 2025, missing the Zacks Consensus Estimate by 35.62%, compared to year-ago revenues of $66.56 million [2] - Over the last four quarters, Aemetis has surpassed consensus EPS estimates two times and topped consensus revenue estimates just once [2] Group 2: Stock Performance and Outlook - Aemetis shares have lost about 4.5% since the beginning of the year, while the S&P 500 has gained 7.9% [3] - The company's earnings outlook, including current consensus earnings expectations for upcoming quarters, will be crucial for investors [4] - The current consensus EPS estimate for the coming quarter is -$0.26 on revenues of $104.19 million, and -$1.34 on revenues of $332.8 million for the current fiscal year [7] Group 3: Industry Context - The Biofuels industry, to which Aemetis belongs, is currently in the top 41% of over 250 Zacks industries, indicating a favorable industry outlook [8] - Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can impact Aemetis' stock performance [5][6]
Alto Ingredients, Inc. Reports Second Quarter 2025 Results
Globenewswire· 2025-08-06 20:05
Core Insights - Alto Ingredients, Inc. reported a gross profit increase of $5.6 million in Q2 2025 compared to Q2 2024, despite facing challenges in net sales and gross loss [1][4][6]. Financial Performance - For the three months ended June 30, 2025, net sales were $218.4 million, down from $236.5 million in the same period of 2024 [6][15]. - Cost of goods sold decreased to $220.4 million from $228.9 million year-over-year [6][15]. - The company experienced a gross loss of $1.9 million, compared to a gross profit of $7.6 million in Q2 2024 [6][15]. - Selling, general and administrative expenses were reduced to $6.2 million from $9.0 million [6][15]. - Interest expense increased to $2.8 million from $1.7 million [6][15]. - The net loss attributable to common stockholders was $11.3 million, or $0.15 per share, compared to a net loss of $3.4 million, or $0.05 per share, in Q2 2024 [6][15]. - Adjusted EBITDA was negative $0.2 million, an improvement from negative $5.9 million in the prior year [6][15]. Operational Highlights - The Western assets generated gross profit due to the acquisition of a liquid CO2 facility and strategic operational adjustments, including cold-idling the Magic Valley facility [2][3]. - The marketing and distribution segment improved through the integration of bulk sales customers and the continuation of profitable third-party ethanol marketing relationships [2][3]. - The company capitalized on operational flexibility by selling higher-margin ISCC export products into Europe [2][3]. Regulatory Environment - Positive regulatory developments, such as the extension of the 45Z credit through 2029, are expected to enhance the earnings profile and intrinsic valuation of the company's facilities [3]. - The company anticipates applying for credits amounting to nearly $18 million over the next two years based on targeted carbon intensity scores [3]. Sales and Production Metrics - Total renewable fuel gallons sold decreased to 66.8 million in Q2 2025 from 74.1 million in Q2 2024 [22][23]. - Specialty alcohol gallons sold were 19.9 million, down from 21.0 million year-over-year [22][23]. - The average market price for ethanol was $1.72 per gallon, slightly lower than the previous year [23][24].