Reports Q2 revenue $1.03B, consensus $948.17M. “Our second quarter results reflect continued strength in our Specialties business, record operational performance at Montana Renewables, and meaningful cost reductions across the portfolio,” said Todd Borgmann, CEO. “Robust margin expansion and strong volumes were demonstrated in our Specialties segment despite a planned, month-long turnaround at our Shreveport facility, which was completed successfully. Further, disciplined operational execution drove approximately $42 million in year-over-year operating expense reductions through the first half of 2025. At Montana Renewables, operating costs (excluding SG&A) fell to $0.43 per gallon in the second quarter – the lowest since launching the platform, and this business has firmly established itself as one of the most competitively advantaged producers in the space.”
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