Green Plains Inc.

Green Plains Reports Third Quarter 2026 Financial Results

Green Plains delivered a sharp Q3 2026 earnings inflection, with net income of $85.4 million ($1.03 diluted EPS) versus $11.9 million ($0.17) a year earlier, and record adjusted EBITDA of $118.0 million. Revenue slipped 2.5% to $496.0 million on lower volumes following the Obion plant disposition, but the consolidated ethanol crush margin more than doubled to $122.8 million, aided by $65.4 million of 45Z production tax credit value and record ethanol and corn oil yields at 95% plant utilization. Post-quarter, the company signed an agreement to monetize $250 million to $325 million of 2026 45Z tax credits, and updated full-year guidance for 45Z-driven EBITDA contribution to $230-$250 million. Liquidity stands at $225.1 million in cash plus $290 million of revolver availability against $477.7 million of total debt; management signaled disciplined capital deployment options ahead.

•4d ago

Green Plains Enters into Agreement to Monetize 2026 45Z Clean Fuel Production Tax Credits

Green Plains signed an agreement to transfer up to $325 million of 2026 45Z Clean Fuel Production Tax Credits, with a minimum transfer of $250 million and a $30 million purchase option. The company will receive $140 million of cash in Q4 for credits generated through June 30, 2026, with second-half 2026 credits monetized in the first half of 2027 after compliance reporting. Management framed the deal as converting its low-carbon platform into predictable cash flow, strengthening the balance sheet and funding high-return reinvestment, with potential upside from future carbon-intensity improvements.

•10d ago

Green Plains Introduces Farm Forward to Turn Policy Innovation into Farmer Opportunity

Green Plains launched Farm Forward, an initiative that pays farmers premiums of $0.05 to $0.25 per qualifying bushel for regenerative agriculture practices that lower feedstock carbon intensity. The program uses five performance bands and will initially run at the company's three Nebraska locations, with potential to expand. Management frames the initiative as a way to capture additional 45Z clean-fuels credit value and strengthen its low-carbon biofuels platform.

•21d ago

Green Plains Facility in Superior, Iowa, Marks One Billion Gallons of Ethanol Production

Green Plains' Superior, Iowa facility has produced its one-billionth gallon of ethanol since commissioning in 2008. The plant employs nearly 50 people and supports regional grain producers across Northwest Iowa and Southwest Minnesota. The release is commemorative with no new financial or operational disclosures affecting the investment case.

•1mo ago

Green Plains Reports Second Quarter 2026 Financial Results

Green Plains reported a strong turnaround to profitability for the second quarter of 2026, delivering net income of $67.1 million or $0.83 per diluted share compared to a net loss of $72.2 million or $1.09 per share in the prior year. Adjusted EBITDA surged to $93.3 million, driven by the recognition of $58.7 million in Section 45Z production tax credits and a 21% reduction in SG&A expenses to $21.7 million. Total revenues decreased 19.3% year-over-year to $446.2 million, primarily due to lower volumes following the disposition of the Obion, Tennessee plant and planned maintenance activities. The company ended the quarter with $243.1 million in cash and restricted cash and $483.7 million in total debt, having amended its revolver to extend the maturity date to September 2027.

•3mo ago

Green Plains Reports First Quarter 2026 Financial Results

Green Plains returned to profitability in Q1 2026 with net income of $32.9 million, or $0.42 per diluted share, compared to a net loss of $(72.9) million in the prior year period. Adjusted EBITDA totaled $71.5 million, significantly boosted by the recognition of $55.2 million in 45Z production tax credits. Citing a meaningful inflection point, management raised full-year guidance for EBITDA associated with production tax credits to a range of $200 million to $225 million. The company achieved strong plant utilization of 97% and reported a consolidated ethanol crush margin of $64.6 million. Total revenue decreased 25.9% year-over-year to $445.8 million, primarily due to lower ethanol volumes following the disposition of the Obion plant and the cessation of a third-party marketing agreement.

•6mo ago