Earnings Feed

DVN

Energy & Utilities

$589 million

The impressive performance on both capital and production generated significant Q2 free cash flow of $589 million.

REX

Energy & Utilities

Average ethanol selling price slightly decreased to $1.75 per gallon from $1.79 in the prior year.
Corn oil sales volumes increased by 14% with a 26% price increase, resulting in a 46% increase in sales dollars.
Dry distiller grain sales volumes rose to approximately 148,000 tons, but average selling price dropped to $143.63 per ton from $164.45.
Ethanol sales volumes increased to 70.6 million gallons in Q2 2025 from 65.1 million gallons in Q2 2024.
Gross profit declined to $14.3 million from $19.8 million in Q2 2024, mainly due to lower DDG prices and higher shipping costs.
Net income attributable to REX shareholders was $7.1 million or $0.43 per diluted share, down from $12.4 million or $0.70 per diluted share.
Selling, general, and administrative expenses slightly decreased to $6.2 million from $6.4 million.
Strong balance sheet maintained with cash, cash equivalents, and short-term investments totaling $310.5 million and no bank debt.

GPRE

Energy & Utilities

1mo

Adjusted EBITDA, excluding restructuring and noncash charges, was $16.4 million in Q2 2025 versus $5 million in Q2 2024.
Capital expenditures were $11 million in Q2, with an expected $10 million for the remainder of 2025 excluding fully financed carbon capture equipment.
Depreciation and amortization were $27.6 million, including a $3.1 million impairment related to closure of a noncore feed business.
Green Plains reported a net loss of $72.2 million or $1.09 per share in Q2 2025, compared to a loss of $24.4 million or $0.38 per share in Q2 2024.
Interest expense increased by $6.4 million to $13.9 million due to accounting treatment of warrants and absence of capitalized interest.
Liquidity at quarter end included $152.7 million in cash and equivalents, $258.5 million revolver availability, and $93.3 million unrestricted liquidity.
Revenue for Q2 2025 was $552.8 million, down 10.7% year-over-year due to exiting ethanol marketing for Tharaldson and placing Fairmont ethanol asset on care and maintenance.
SG&A expenses improved by $6.3 million year-over-year to $27.6 million and are on track to exit 2025 at low $40 million run rate for corporate and trade SG&A.
The results included $44.9 million in noncash charges related to sale or impairment of noncore assets and $2.5 million in one-time restructuring charges.

FCEL

Energy & Utilities

The reinstatement of the ITC provides full eligibility for fuel cell projects, supporting domestic deployment and project economics.
The 45Q carbon capture incentive reinforces the role of carbon capture in US energy transition strategies.
FuelCell Energy sees natural gas as a backbone fuel, with its carbonate platform capable of delivering clean power from both natural gas and hydrogen.
The company believes supportive policies globally and domestically position it well to capitalize on emerging opportunities.