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Green Plains Partners LP - $GPP STOCK NEWS

Welcome to our dedicated page for Green Plains Partners LP news (Ticker: $GPP), a resource for investors and traders seeking the latest updates and insights on Green Plains Partners LP stock.

Green Plains Partners LP (GPP) is a prominent service provider in the United States offering fuel storage and transportation services. Established in 2015 and headquartered in Omaha, Nebraska, the company is a subsidiary of Green Plains Inc. Green Plains Partners LP focuses on acquiring, owning, developing, and operating ethanol and fuel storage facilities, terminals, and transportation assets.

Currently, Green Plains Partners LP owns or leases 32 ethanol storage facilities and approximately 49 acres of land. They also operate 7 fuel terminals spanning across Alabama, Arkansas, Louisiana, Mississippi, Kentucky, and Oklahoma. Additionally, the company manages a fleet composed of 19 trucks and tankers for the efficient transportation of ethanol and other related products.

Green Plains Holdings LLC acts as the general partner of the company, ensuring strategic alignment and effective management. The company has made significant achievements in expanding its infrastructure and capabilities in the biofuel sector, playing a vital role in the energy supply chain.

With a solid track record of operations and continuous efforts in optimizing its facilities and logistics, Green Plains Partners LP is positioned as a reliable partner in the fuel transportation industry. The company's operations are crucial for supporting the growing demand for sustainable and efficient fuel alternatives.

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Green Plains Inc. reported a net loss of $51.4 million in the first quarter of 2024, with an EPS of ($0.81) compared to an EPS of ($1.20) in the same period last year. Revenues were $597.2 million, down from $832.9 million in 2023. EBITDA was ($21.5) million, an improvement from ($27.7) million in the prior year. Margins were impacted by industry oversupply and lower prices due to a mild winter. The company announced the launch of new specialty feed brand Sequence™ and the world's first commercial-scale Clean Sugar Technology facility. Late-stage negotiations for dextrose corn syrups sales agreements are ongoing.

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Green Plains Inc. (GPRE) reported net income of $7.2 million, or EPS of $0.12 per diluted share, in the fourth quarter of 2023. Business highlights include the acquisition of Green Plains Partners LP, 60% protein sales development, and diversification of decarbonization strategy. The company achieved a 95% utilization rate for the quarter and a strong liquidity position with $378.8 million of cash and cash equivalents.
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Green Plains Inc. (NASDAQ: GPRE) and Green Plains Partners LP (NASDAQ: GPP) have completed the previously announced Agreement and Plan of Merger, with Green Plains acquiring all publicly held common units of the Partnership. The Merger involved a combination of 0.405 shares of Green Plains common stock and $2.00 in cash, plus unpaid distributions. As a result, the Partnership became an indirect wholly owned subsidiary of Green Plains, and its common units will no longer be listed on the NASDAQ.
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Green Plains Inc. (NASDAQ: GPRE) and Green Plains Partners LP (NASDAQ: GPP) announced the approval of the Merger Agreement and the Merger, with the Partnership surviving as a wholly owned subsidiary of Green Plains. The Merger is expected to close on January 9, 2024, with the Partnership's common units to be delisted from Nasdaq and deregistered under the Exchange Act.
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Green Plains Inc. (NASDAQ:GPRE) CEO Todd Becker to participate in fireside chat at Goldman Sachs Energy, CleanTech & Utilities Conference
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Green Plains Inc. (NASDAQ:GPRE) to participate in fireside chat at Stephens Annual Investment Conference on November 16, 2023. The company will also engage in meetings with institutional investors and provide conference materials on their Investors page.
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Green Plains Partners LP (NASDAQ:GPP) reported net income of $9.4 million, or $0.40 per common unit, for the third quarter of 2023. Adjusted EBITDA was $12.7 million and distributable cash flow was $10.7 million. The partnership declared a quarterly cash distribution of $0.455 per unit. The merger agreement with Green Plains Inc. was also announced.
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Green Plains Inc. reported net income of $22.3 million for Q3 2023, compared to a net loss of $73.5 million in Q3 2022. Revenues were $892.8 million, down from $955.0 million in the same period last year. EBITDA was $52.0 million, a significant improvement from ($35.6) million in Q3 2022. The company achieved a plant utilization rate of 93.9% and expects a strong Q4 based on solid production rates and expanding Ultra-High Protein sales.
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Green Plains Partners declares quarterly cash distribution of $0.455 per unit for Q3 2023
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Green Plains Inc. and Green Plains Partners LP to release third quarter 2023 financial results
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FAQ

What services does Green Plains Partners LP provide?

Green Plains Partners LP offers fuel storage and transportation services, including ethanol and other fuel products.

Where is Green Plains Partners LP headquartered?

The company is headquartered in Omaha, Nebraska, USA.

How many ethanol storage facilities does the company own or lease?

Green Plains Partners LP owns or leases 32 ethanol storage facilities.

Which states have Green Plains Partners LP fuel terminals?

The company has fuel terminals in Alabama, Arkansas, Louisiana, Mississippi, Kentucky, and Oklahoma.

When was Green Plains Partners LP founded?

The company was founded in 2015.

Who is the general partner of Green Plains Partners LP?

Green Plains Holdings LLC serves as the general partner.

What type of assets does Green Plains Partners LP operate?

The company operates ethanol and fuel storage facilities, terminals, and transportation assets.

How many trucks and tankers does Green Plains Partners LP operate?

Green Plains Partners LP operates a fleet of 19 trucks and tankers.

Is Green Plains Partners LP a subsidiary of another company?

Yes, Green Plains Partners LP is a subsidiary of Green Plains Inc.

What is the primary focus of Green Plains Partners LP's business?

The primary focus is on the storage and transportation of ethanol and other fuel products.

Green Plains Partners LP

Nasdaq:GPP

GPP Rankings

GPP Stock Data

286.39M
7.88M
50.82%
23.35%
0.88%
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