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November 3 , 2021 REG Renewable Energy Group Reports Third Quarter 2021 Financial Results Q3 2021 Highlights • Revenues of $ 1 billion • Net income available to common stockholders of $ 42 million , or $ 0.83 per diluted share • Adjusted EBITDA of $ 68 million , up 25 % from Q3 2020 • Record quarterly REG Ultra Clean sales Increased Asset Backed Line of Credit to $ 250 million Geismar , LA renewable diesel improvement and expansion project on track to deliver 340 million gallons per year of site production capacity by early 2024 • Carbon reduction from REG - produced fuels in the quarter of over one million metric tons Post - Quarter Announcements : Initiated partnership with Canadian National Railway Company and Progress Rail to advance sustainability goals using bio - based diesel in locomotives ( November 3 ) • Agreement with GoodFuels to supply and develop sustainable marine solutions ( October 26 ) • Breaking ground on the Geismar improvement and expansion project ( October 14 ) • Hydrotreater operations and novel feedstock conversion pilot plant in collaboration with lowa State University ( October 5 ) AMES , lowa -- ( BUSINESS WIRE ) -- Renewable Energy Group , Inc. ( " REG " or the " Company " ) ( NASDAQ : REGI ) today announced its financial results for the quarter ended September 30 , 2021 . Revenues for the third quarter were $ 1 billion on 176 million gallons of fuel sold . Net income available to common stockholders was $ 42 million in the third quarter of 2021 , compared to net income of $ 22 million for the third quarter of 2020. Adjusted EBITDA was $ 68 million in the third quarter of 2021 , compared to $ 55 million for the third quarter of 2020 . " REG delivered another period of solid performance in the third quarter , with strong operations and commercial optimization , " said Cynthia ( CJ ) Warner , President and Chief Executive Officer . " We delivered these results even while managing disruptions from Hurricane Ida and volatile energy and feedstock markets . Financial results were moderated by hedge - related timing , as a substantial rise in diesel prices at the end of the quarter resulted in a risk management loss in the period , most of which is expected to be offset in the fourth quarter when the hedged gallons are scheduled for delivery . "