Green Plains Inc
XMUN:G3V

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Green Plains Inc Logo
Green Plains Inc
XMUN:G3V
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Price: 13.498 EUR -0.22%
Market Cap: €1.2B

Green Plains Inc
Investor Relations

Green Plains Inc. turns corn into renewable products, mainly fuel ethanol. It also sells corn-based byproducts such as distillers grains for animal feed and corn oil for industrial and fuel uses. In simple terms, it is a biorefining company that buys corn, processes it in large plants, and sells the output into energy and agriculture markets. Its main customers are fuel blenders, distributors, livestock feed buyers, and other industrial users that need ethanol or corn-based ingredients. Green Plains makes money by selling these products on commodity markets, so its earnings depend on the spread between corn costs and the prices it gets for ethanol and coproducts. The company also works with lower-carbon fuel and ingredient markets, where its products can be used as substitutes for petroleum-based or conventional feed ingredients. What makes Green Plains different is that it sits between farming and fuel production. It is not an oil company, and it is not a food maker; it is a processor that converts a farm crop into energy and feed products. That role gives it exposure to both agriculture and transportation fuels, with value coming from efficient processing and from using every part of the corn kernel rather than selling only one product.

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Last Earnings Call
Fiscal Period
Q1 2026
Call Date
May 7, 2026
AI Summary
Q1 2026

EBITDA surge: Green Plains reported first-quarter adjusted EBITDA of $71.5 million, up $22 million from Q4 and more than $95 million year over year, helped by stronger operations, better pricing, and a full quarter of carbon benefits.

45Z outlook raised: Management lifted full-year 2026 45Z EBITDA contribution guidance to $200 million to $225 million, from at least $188 million previously, with Advantage Nebraska expected to contribute $140 million to $165 million.

Operations improved: Plants ran at 97% of operating capacity, with record production at York in March and a quarterly record at Superior, showing better reliability and execution across the fleet.

Margins strengthened: Crush margins improved sharply as ethanol demand stayed solid, corn oil pricing strengthened, and protein remained a steady contributor; management also said lower corn prices and higher oil values helped the industry.

Cash and capital: The company ended the quarter with $95.7 million of unrestricted cash and more than $200 million of cash and restricted cash, while keeping full-year sustaining capex guidance at $15 million to $25 million.

Growth projects: Green Plains approved new grain storage at Wood River and low-energy distillation upgrades in York, both aimed at lowering costs, improving reliability, and reducing carbon intensity.

Demand backdrop: Management pointed to strong domestic and international ethanol demand, record-high Renewable Fuel Standard volumes for 2026 and 2027, and durable corn oil demand as key supports to the business.

Key Financials
Adjusted EBITDA
$71.5 million
Gross margin
$88 million
Revenue
$446 million
Net income attributable to Green Plains
$33 million
Diluted EPS
$0.42
SG&A
$19.5 million
Interest expense
$11.5 million
Depreciation and amortization
$23.6 million
45Z tax credit value
$65.6 million
45Z EBITDA contribution
$55.2 million
Production
174 million gallons
Operating capacity utilization
97%
Unrestricted cash and equivalents
$95.7 million
Cash and restricted cash
over $200 million
Capital expenditures
$6.4 million
Convertible notes
$60 million
Working capital facility maturity extension
6 months
Hedging adjustment
$0.04 per gallon
Earnings Call Recording
Other Earnings Calls

Management

Mr. Todd A. Becker
President, CEO & Director
No Bio Available
Ms. Michelle S. Mapes B.S., J.D., M.B.A.
Chief Legal & Administration Officer and Corporate Secretary
No Bio Available
Mr. James E. Stark
Advisor
No Bio Available
Mr. George Patrich Simpkins Jr.
Chief Transformation Officer
No Bio Available
Mr. Grant D. Kadavy
Executive Vice President of Commercial Operations
No Bio Available
Mr. Phil Boggs
Chief Financial Officer
No Bio Available
Mr. Chris G. Osowski
Executive Vice President of Operations & Technology
No Bio Available
Lisa Gibson
Communications Manager
No Bio Available
Mr. James F. Herbert
Chief Human Resources Officer
No Bio Available
Mr. Mark A. Hudak
Executive Vice President of Human Resources
No Bio Available

Contacts

Address
NEBRASKA
Omaha
1811 Aksarben Dr
Contacts
+14028848700.0
www.gpreinc.com
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