Loading...
Docoh

Renewable Energy (REGI)

Renewable Energy Group, Inc. is leading the energy industry's transition to sustainability by transforming renewable resources into high-quality, cleaner fuels. REG is an international producer of cleaner fuels and North America's largest producer of biodiesel. REG solutions are alternatives for petroleum diesel and produce significantly lower carbon emissions. REG utilizes an integrated procurement, distribution and logistics network to operate 12 biorefineries in the U.S. and Europe. In 2020, REG produced 519 million gallons of cleaner fuel delivering 4.2 million metric tons of carbon reduction. REG is meeting the growing global demand for lower-carbon fuels and leading the way to a more sustainable future.

Company profile

Ticker
REGI
Exchange
Website
CEO
Cynthia Warner
Employees
Incorporated
Location
Fiscal year end
Former names
REG Newco, Inc.
SEC CIK
Subsidiaries
REG Biofuels, LLC • REG Marketing & Logistics Group, LLC • Amber Resources, LLC • M.O. Dion & Sons, Inc. • Amber Petroleum Products, Inc. • REG Services Group, LLC • REG Synthetic Fuels, LLC • REG Life Sciences, LLC • REG Canada Holdings Inc. • REG Ventures, LLC ...

REGI stock data

Investment data

Data from SEC filings
Securities sold
Number of investors

Calendar

5 May 22
1 Oct 22
31 Dec 22
Quarter (USD) Mar 22 Dec 21 Sep 21 Jun 21
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD) Dec 21 Dec 20 Dec 19 Dec 18
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Cash burn rate (est.) Burn method: Change in cash Burn method: Operating income Burn method: FCF (opex + capex)
Last Q Avg 4Q Last Q Avg 4Q Last Q Avg 4Q
Cash on hand (at last report) 343.7M 343.7M 343.7M 343.7M 343.7M 343.7M
Cash burn (monthly) 52.72M (no burn) (no burn) (no burn) 35.51M 5.15M
Cash used (since last report) 317.63M n/a n/a n/a 213.9M 31.01M
Cash remaining 26.08M n/a n/a n/a 129.8M 312.7M
Runway (months of cash) 0.5 n/a n/a n/a 3.7 60.8

Beta Read what these cash burn values mean

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
13 Jun 22 Frodl Debora M. Common Stock Sale back to company Dispose D No No 0 17,689 0 0
13 Jun 22 Frodl Debora M. Common Stock Sale back to company Dispose D No No 0 1,554 0 17,689
13 Jun 22 Eric Bowen Common Stock Sale back to company Dispose D No No 0 53,720 0 0
13 Jun 22 Eric Bowen Common Stock Sale back to company Dispose D No No 0 3,938 0 53,720
13 Jun 22 Eric Bowen Performance Rights Common Stock Sale back to company Dispose D No No 0 8,545 0 0
13 Jun 22 Warner Cynthia J Common Stock Sale back to company Dispose D No No 0 89,500 0 0
13 Jun 22 Warner Cynthia J Common Stock Sale back to company Dispose D No No 0 23,721 0 89,500
13 Jun 22 Warner Cynthia J Performance Rights Common Stock Sale back to company Dispose D No No 0 123,219 0 0
13 Jun 22 Borel James C Common Stock Sale back to company Dispose D No No 0 17,689 0 0
13 Jun 22 Borel James C Common Stock Sale back to company Dispose D No No 0 1,554 0 17,689
0.3% owned by funds/institutions
13F holders Current Prev Q Change
Total holders 6 269 -97.8%
Opened positions 2 72 -97.2%
Closed positions 265 58 +356.9%
Increased positions 0 81 EXIT
Reduced positions 1 82 -98.8%
13F shares Current Prev Q Change
Total value 11.57M 3.33B -99.7%
Total shares 165.07K 47.5M -99.7%
Total puts 0 226.9K EXIT
Total calls 0 309.01K EXIT
Total put/call ratio 0.7
Largest owners Shares Value Change
Hartline Investment 153.76K $10.89M -9.8%
Strengthening Families & Communities 7.1K $431K 0.0%
Captrust Financial Advisors 4.04K $245K 0.0%
IFP Advisors 145 $5K 0.0%
Thrivent Trust Co of Tennessee 29 $2K NEW
Huntington National Bank 1 $0 NEW
Largest transactions Shares Bought/sold Change
BLK Blackrock 0 -9.76M EXIT
Vanguard 0 -5.65M EXIT
STT State Street 0 -2.93M EXIT
Sylebra Capital 0 -2.76M EXIT
Dimensional Fund Advisors 0 -2.65M EXIT
FIL 0 -1.82M EXIT
Spring Creek Capital 0 -1.48M EXIT
TIG Advisors 0 -1.16M EXIT
MCQEF Macquarie 0 -960.21K EXIT
Geode Capital Management 0 -856.63K EXIT

Financial report summary

?
Risks
  • The Renewable Fuel Standard Program, a federal law requiring the consumption of qualifying biofuels, could be repealed, curtailed or otherwise changed, which would have a material adverse effect on our revenues, operating margins and financial condition.
  • Loss of, substantive changes in or reductions in federal and state government tax incentives for bio-based diesel production or consumption may have a material adverse effect on our revenues and operating margins.
  • We derive a significant portion of our revenues from sales of our renewable fuel in the State of California primarily as a result of California’s LCFS; adverse changes in this law, cancellation, suspension or reductions in the value of LCFS credits would harm our revenues and profits.
  • We derive a significant portion of our revenues from sales of our renewable fuel in Canada and Europe; adverse changes in the programs, or the cancellation, or suspension of such programs, requiring the use of renewable and lower carbon fuels or reductions in the value of credits would harm our revenues and profits.
  • We derive a substantial portion of our profitability from the production of RD at our plant in Geismar, Louisiana and any interruption in our operations would have a material adverse effect on operations and financial conditions.
  • Our planned site improvements and capacity expansion at our Geismar, Louisiana facility will require significant capital expenditures and there is no guarantee that the project will be completed on time or on budget, there may be cost overruns and construction delays, the project may suffer from the inability to obtain governmental permits and third party easements required or necessary to initiate or complete the improvement and expansion project which could have a negative effect on revenues and operations.
  • Increased industry-wide production of biodiesel due to potential utilization of existing excess production capacity, announced plant expansions of RD and potential co-processing of RD by petroleum refiners, could reduce prices for our fuel and increase costs of feedstocks, which would seriously harm our revenues and operations.
  • Our gross margins are dependent on the spread between bio-based diesel prices and feedstock costs, each of which are volatile and can cause our results of operations to fluctuate substantially.
  • Risk management transactions could significantly increase our operating costs and may not be effective.
  • One customer accounted for a meaningful percentage of revenues and a loss of this customer could have an adverse impact on our total revenues.
  • Our facilities and our business, and our customers' facilities, are subject to risks associated with fire, explosions, leaks, natural disasters, including climate change, and political turmoil, which may disrupt our business and increase costs and liabilities.
  • Cyberattacks targeting our process control networks or other digital infrastructure could have a material adverse impact on our business and results of operations.
  • In addition to biodiesel and RD, we store and transport petroleum-based fuels. The dangers inherent in the storage and transportation of fuels could cause disruptions in our operations and could expose us to potentially significant losses, costs or liabilities.
  • Our insurance may not protect us against our business and operating risks.
  • We operate in a highly competitive industry and expect that competition in our industry will increase.
  • We are dependent upon one supplier to provide hydrogen necessary to execute our RD production process and the loss of this supplier could disrupt our production process.
  • Technological advances and changes in production methods in the bio-based diesel industry could render our plants obsolete and adversely affect our ability to compete.
  • Our intellectual property is integral to our business. If we are unable to protect our intellectual property, or others assert that our operations violate their intellectual property, our business could be adversely affected.
  • Increases in transportation costs or disruptions in transportation services could have a material adverse effect on our business.
  • We are dependent upon our key management personnel and other personnel, and the loss of these personnel could adversely affect our business and results of operations.
  • We may encounter difficulties in integrating the businesses we acquire, including our international businesses where we have limited operating history.
  • We incur significant expenses to maintain and upgrade our operating equipment and plants, and any interruption in the operation of our facilities may harm our operating performance.
  • Growth in the use, sale and distribution of biodiesel is dependent on the expansion of related infrastructure which may not occur on a timely basis, if at all, and our operations could be adversely affected by infrastructure limitations or disruptions.
  • Our business is subject to seasonal changes based on regulatory factors and weather conditions and this seasonality could cause our revenues and operating results to fluctuate.
  • Failure to comply with governmental and state regulations, including EPA requirements relating to RFS2, BTC, LCFS and other programs or new laws designed to deal with climate change, could result in the imposition of higher costs, penalties, fines, or restrictions on our operations and remedial liabilities.
  • RD fuel is superior to biodiesel in certain respects and if RD production capacity increases to a sufficient extent, it could largely supplant biodiesel; we may not be successful in expanding our RD production capacity.
  • Nitrogen oxide emissions from biodiesel may harm its appeal as a renewable fuel and increase costs.
  • The market price for our common stock may be volatile.
  • We have never paid dividends on our capital stock and we do not anticipate paying dividends in the foreseeable future.
  • We may issue additional common stock as consideration for future investments or acquisitions.
  • If we fail to maintain effective internal control over our financial reporting and financial forecasting, we may not be able to report our financial results accurately, provide accurate financial guidance or prevent fraud, and if we fail to maintain effective internal governance and conduct policies, such as our Code of Business Conduct and Ethics, Code of Ethics for Senior Financial Officers and Trading by Insiders Policy, or if our employees fail to adhere to such policies, we may be unable to maintain a proper control environment. If any of these failures occur, our business could be harmed, our stockholders could lose confidence in our financial reporting and financial guidance or our business integrity and we could suffer negative media attention, which could negatively impact the value of our stock.
  • Delaware law and our certificate of incorporation and bylaws contain anti-takeover provisions that could delay or discourage takeover attempts that stockholders may consider favorable.
  • The proposed Merger is subject to approval of our stockholders as well as the satisfaction of other closing conditions, including government consents and approvals, some or all of which may not be satisfied or completed within the expected timeframe, if at all.
  • We may not complete the proposed Merger within the time frame we anticipate or at all, which could have an adverse effect on our business, financial results and/or operations.
  • We will be subject to various uncertainties while the Merger is pending that may cause disruption and may make it more difficult to maintain relationships with customers and other third-party business partners.
  • In certain instances, the Merger Agreement requires us to pay a termination fee to Parent, which could affect the decisions of a third party considering making an alternative acquisition proposal.
Management Discussion
  • Revenues. Our total revenues for the first quarter of 2022 increased significantly by $396.2 million, or 73%, compared to the same quarter in 2021. The significant increase in revenues was primarily attributable to a substantial increase in the average bio-based diesel price per gallon. In the first three months of 2022, ULSD prices averaged $3.07 per gallon compared to $1.75 per gallon in the same period in 2021. The significant increase in ULSD prices was partially attributable to general market optimism and improving demand stemming from the easing of lockdown measures in the United States and internationally, as well as the conflict between Russia and Ukraine causing volatility in the commodities market and particularly crude oil. The heightened volatility impacted prices for both ULSD and feedstocks, causing the heating oil to soybean oil ("HOBO") spread to move substantially throughout the period. In addition, RIN values trended higher throughout the first three months of 2022. As a result of these factors, our average selling price significantly increased by $1.51, or 41%, in the three months ended March 31, 2022, compared to the same period in 2021.

Content analysis

?
Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability
H.S. sophomore Avg
New words: advisory, Amber, analogy, Antitrust, back, began, biobased, Black, Booster, Buyer, CFP, Chevron, clearance, conflict, consummate, consummated, consummation, counsel, Cyclone, Dawson, decree, DEF, dismissing, Dissenting, distraction, distributor, dramatic, EnDura, enjoin, enjoined, EU, exhaust, fee, fluid, frame, geopolitical, governor, heightened, HSR, illegal, indemnification, inspection, invasion, judgement, layer, legislature, letter, license, match, Mel, member, mentioned, mobile, motion, motivate, multiple, multiplied, Nasdaq, officially, Omicron, outlay, page, parent, passage, pendency, percent, plaintiff, prejudice, preliminary, printing, proportion, Proxy, PSU, pursuing, rescission, rescissory, reserve, responding, retention, retrospectively, RSU, Russia, Russian, SAR, sharp, side, sought, source, Stable, stream, surviving, therewith, timeframe, tornadic, tropical, turmoil, Ukraine, unanimously, underground, unfiled, waiting, withholding
Removed: aforementioned, Amending, binding, Boston, Clarification, climb, combined, computation, detected, enactment, ending, explicitly, focusing, foremost, franchise, functional, holding, impacting, incremental, input, institutional, interaction, issuing, Jacobson, load, loading, methodology, misstatement, mix, motor, obsolescence, optimistic, outbreak, overstatement, owed, partial, Performing, petitioned, prevented, preventive, prioritized, readout, rebounding, record, redesigned, regular, reinforce, Sinclair, strict, tornado, understanding, understatement, validate, wavier, weekly, yellow

Patents

Utility
Renewable hydrocarbon lighter fluid
21 Jun 22
The present technology relates to hydrocarbon fluids, and more particularly, a hydrocarbon lighter fluid derived from renewable sources.
Utility
Biodiesel cold filtration process
10 May 22
An improved biodiesel production process includes the steps of processing a feedstock to produce biodiesel, cooling the biodiesel so as to form sediment, and filtering the biodiesel to remove the sediment.
Utility
Method for the Pretreatment of a Biofuel Feedstock
3 Feb 22
In an aspect, a method is disclosed that includes contacting a composition with an aqueous solution to yield a mixture, where the composition includes one or more of animal fats, animal oils, plant fats, plant oils, vegetable fats, vegetable oils, greases, and used cooking oil, about 5 wt. % or more of free fatty acids, about 10 wppm or more of total metals, about 8 wppm or more phosphorus, about 20 wppm or more of nitrogen, and the aqueous solution includes ((NH4)2H2EDTA, (NH4)4EDTA, a monoammonium salt of diethylenetriaminepentaacetic acid, a diammonium salt of diethylenetriaminepentaacetic acid, a triammonium salt of diethylenetriaminepentaacetic acid, a tetraammonium salt of diethylenetriaminepentaacetic acid, (NH4)5DTPA, a combination of citric acid and Na4EDTA, a combination of citric acid and Na2H2EDTA, a combination of citric acid and a monosodium salt of diethylenetriaminepentaacetic acid, a combination of citric acid and a disodium salt of diethylenetriaminepentaacetic acid, a combination of citric acid and a trisodium salt of diethylenetriaminepentaacetic acid, a combination of citric acid and a tetrasodium salt of diethylenetriaminepentaacetic acid, a combination of citric acid and Na5DTPA, or a combination of any two or more thereof, where the method further includes centrifuging the mixture to yield a first treated composition, wherein the first treated composition has less total metals and less phosphorus than the composition.
Utility
Biorenewable kerosene, jet fuel, jet fuel blendstock, and method of manufacturing
1 Feb 22
The present technology provides compositions that include at least about 98 weight percent (“wt %”) n-paraffins which, among other surprising features, may be suitable for use as a diesel fuel, an aviation fuel, a jet fuel blendstock, a blendstock to reduce the cloud point of a diesel fuel, a fuel for portable heaters, and/or as a charcoal lighter fluid.
Utility
Decarboxylative Co-Dimerization Process and Synthetic Fuels Produced Therefrom
27 Jan 22
In an aspect, the application discloses a method for producing renewable hydrocarbon fuels where the method includes electrolysis of a mixture to produce an electrolysis product comprising a renewable diesel and optionally a renewable gasoline, where the mixture includes (i) free fatty acids from a biorenewable feedstock, and (ii) terminal monomethyl-branched carboxylic acids, and where the renewable diesel includes terminal monomethyl-branched paraffins and terminal monomethyl-branched alkenes.