Sacramento renewable fuel company Pacific Ethanol Inc. has seen demand for its fuel product collapse, but it's putting its manufacturing facilities to use to make high-quality alcohol and hand sanitizer. Pacific Ethanol (Nasdaq: PEIX) said its revenue fell 6% to $1.42 billion in 2019 from the previous year. Pacific Ethanol released its financial results for the year after stock markets closed on Thursday.
Shares in Sacramento-based Pacific Ethanol Inc. sank even worse than the market indices Monday on a string of bad news for the ethanol industry.
NEW YORK, NY / ACCESSWIRE / March 27, 2020 / Pacific Ethanol, Inc. (NASDAQ:PEIX) will be discussing their earnings results in their 2019 Fourth Quarter Earnings call to be held on March 27, 2020 at 11:00 ...
The renewable fuel company was facing a Dec. 15 deadline to bring its debt into compliance with the terms of its agreement with CoBank, a Colorado-based lender.
SACRAMENTO, Calif., March 25, 2020 -- Pacific Ethanol, Inc. (NASDAQ: PEIX), a leading producer and marketer of low-carbon renewable fuels and high-quality alcohol products.
SACRAMENTO, Calif., Dec. 16, 2019 -- Pacific Ethanol, Inc. (NASDAQ: PEIX), a leading producer and marketer of low-carbon renewable fuels and high-quality alcohol products in.
Q4 2019 Pacific Ethanol Inc Earnings Call
Pacific Ethanol, Inc. (PEIX), a leading producer and marketer of low-carbon renewable fuels and high-quality alcohol products in the United States, announced today it has closed on its agreement to sell its 74% ownership interest in Pacific Aurora, LLC to Aurora Cooperative Elevator Company (Aurora Cooperative) for a total valuation of $52.8 million. Neil Koehler, Pacific Ethanol’s president and CEO, stated, “We are pleased to have completed our sale to Aurora Cooperative and its farmer owners, which represents a significant step in achieving our strategic initiatives to reduce debt and continue to focus our resources on delivering high value alcohol and feed products in the markets we serve.” Pacific Ethanol, Inc. (PEIX) is a leading producer and marketer of low-carbon renewable fuels and high-quality alcohol products in the United States.
Pacific Ethanol, Inc. (PEIX), a leading producer and marketer of low-carbon renewable fuels and high-quality alcohol products in the United States, announced today it has signed a definitive agreement to sell its 74% ownership interest in Pacific Aurora, LLC to the Aurora Cooperative Elevator Company (Aurora Cooperative) for $52.8 million of consideration, subject to certain working capital adjustments. Aurora Cooperative currently holds a 26% ownership interest in Pacific Aurora, LLC. Included in the sale are two ethanol production facilities with a combined annual production capacity of 145 million gallons, a grain elevator with storage capacity of 4.1 million bushels and integrated rail facilities located in Aurora, Nebraska. After working capital adjustments and the settlement of certain payables between Pacific Aurora, LLC and the Aurora Cooperative, the consideration received at closing is expected to be approximately $27 million in cash and $16.5 million in promissory notes.
Sacramento-based Pacific Ethanol Inc. has sounded a dire warning that it's facing a COVID-19 cash crunch if it cannot quickly raise capital or restructure its debt.
SACRAMENTO, Calif., March 26, 2020 -- Pacific Ethanol, Inc. (NASDAQ: PEIX), a leading producer and marketer of low-carbon renewable fuels and high-quality alcohol products in.
SACRAMENTO, Calif., May 06, 2020 -- Pacific Ethanol, Inc. (NASDAQ: PEIX), a leading producer and marketer of low-carbon renewable fuels and high-quality alcohol products in the.
Pacific Ethanol Inc. found a buyer for some of its assets, in a move that will give the Sacramento-based renewable fuel producer two more years to pay debt that had come due.
SACRAMENTO, Calif., May 12, 2020 -- Pacific Ethanol, Inc. (NASDAQ: PEIX), a leading producer and marketer of low-carbon renewable fuels and high-quality alcohol products in the.
Pacific Ethanol has entered into an amendment extending the final maturity of the company’s senior secured notes by two years to December 15, 2021. The amendment provides for scheduled principal payments of $5.0 million per quarter commencing on September 30, 2020.
A Dayton-based alternative energy investment company could become a valuable asset in the coming weeks as the nationwide demand for hand sanitizers and other medical disinfectants continues to surge.
Pacific Ethanol (PEIX) delivered earnings and revenue surprises of 35.62% and 32.29%, respectively, for the quarter ended March 2020. Do the numbers hold clues to what lies ahead for the stock?
Pacific Ethanol Inc. has found a buyer for its Nebraska ethanol plants, which takes pressure off the company that has struggled with high debt and low ethanol prices.
Sacramento-based renewable fuel company Pacific Ethanol Inc. got its overdue debt of $63.2 million extended with an interest rate of about 9%, according to documents filed Thursday with the Securities and Exchange Commission.
Shares in the Sacramento-based renewable fuel producer rose after it worked out a deal with lenders on debt that had come due.