Matthew Blair

“So you maintained your 2026 guidance, which I think implies about $55 million to $70 million of EBITDA in the back half of the year versus the $40 million in the first half of the year.”

“So first, your corn oil yield seemed quite good in the quarter. I think it was about 7% above normal, which is quite a step up. Was that temporary because of the good corn oil prices or something more sustainable?”

“I want to ask about the California LCFS market, just in light of the recent supply demand data that shows a growing quarterly shortage. Can you remind us, where do you stand on pathways?”

“And then on the SRE proceeds, could you just clarify? So for like 2025, I think we're estimating that if you receive partial waivers at all four-year refineries, it's just about $600 million.”

“I was hoping you could talk about the appealing refining environment in the Atlantic Basin. If I look at your July indicators, Atlantic Basin was up the most quarter over quarter.”