Green Plains Stock Price, News & Analysis

Green Plains (NASDAQ:GPRE) completed privately negotiated transactions issuing an aggregate of $200.0 million of 5.25% Convertible Senior Notes due November 1, 2030 ("2030 Notes").

Of the 2030 Notes, $170.0 million were issued in exchange for existing 2.25% Convertible Senior Notes due 2027 and $30.0 million were issued in a cash subscription. The company used approximately $30.0 million of subscription proceeds to repurchase ~2.9 million common shares from participating holders. $60.0 million of the 2027 Notes remain outstanding.

The 2030 Notes bear interest at 5.25% payable semiannually, have an initial conversion rate of 63.6132 shares per $1,000 (≈ $15.72 per share; ~50% premium to Oct 21, 2025 price), and may be convertible or redeemable under specified conditions including make-whole adjustments on certain redemptions.

Green Plains (NASDAQ:GPRE) announced privately negotiated transactions to exchange and issue convertible notes and repurchase shares. The company will exchange $170 million of its 2.25% Convertible Senior Notes due 2027 for $170 million of new 5.25% Convertible Senior Notes due November 2030 and will sell an additional $30 million of 2030 Notes for cash.

Proceeds from the $30 million subscription will fund repurchases of approximately 2.9 million common shares for about $30 million. After closing, expected October 27, 2025, $200 million of 2030 Notes will be outstanding and $60 million of 2027 Notes will remain. The 2030 Notes convert at 63.6132 shares per $1,000 (≈$15.72/share), a ~50% conversion premium to the October 21, 2025 Nasdaq close.

Green Plains (NASDAQ:GPRE) announced the successful startup of its carbon capture and storage (CCS) system at its York, Nebraska facility on October 14, 2025, with the system now operational and delivering significant volumes of biogenic CO2 to the Tallgrass Trailblazer pipeline for permanent sequestration.

The company said it remains on track to bring additional CCS systems online at Central City and Wood River in Q4 2025 and is generating carbon credits from multiple facilities this year as part of its low‑carbon biofuel strategy.

Green Plains (NASDAQ:GPRE) has completed the sale of its Rives, Tennessee ethanol plant to POET Biorefining - Obion, LLC for $190 million in cash. The transaction includes approximately $20 million in working capital, subject to post-closing finalization.

The strategic divestment strengthens Green Plains' financial position by eliminating junior mezzanine debt and improving liquidity. This move aligns with the company's strategic objectives of portfolio optimization and advancing carbon reduction initiatives while enhancing financial flexibility.

Green Plains (NASDAQ:GPRE) has entered into an agreement with Freepoint Commodities to sell Clean Fuel Production Credits (45Z tax credits) generated in 2025 under the Inflation Reduction Act. The agreement initially covers three Nebraska facilities, with a term sheet signed to expand to three additional facilities.

The agreement is expected to generate between $40-50 million in 2025 45Z EBITDA net of discounts and expenses. The credits will be generated from low-carbon intensity ethanol production, with the first credits being recorded in Q3 2025. The agreement includes potential extension for 2026-2029, with credits transferred through a direct transfer mechanism supported by third-party emissions verification and tax insurance.

Green Plains (NASDAQ:GPRE) has announced the sale of its Rives, Tennessee ethanol plant to POET for $190 million in cash, which includes an estimated $20 million in working capital. The transaction, expected to close in Q3 2025, will enable Green Plains to fully retire its junior mezzanine debt due in 2026.

Additionally, the company has concluded its strategic review process that began in February 2024. The Board of Directors has determined that maintaining the current strategy under existing leadership is the best path forward for delivering shareholder value.

Fluid Quip Technologies (FQT) has successfully installed its DCO Technology™ system at Chippewa Valley Ethanol Co. (CVEC) in Benson, Minnesota. The technology has demonstrated impressive results, increasing distillers corn oil yield by 35% within the first 30 days of operation.

The DCO Technology™ system enhances corn oil recovery through multi-stage stillage washing and thin stillage clarification, without requiring recurring chemical expenses. The bolt-on solution integrates with existing oil recovery equipment and improves plant reliability by producing cleaner evaporator streams, reducing downtime, and offering potential energy savings.

CVEC's CEO Chad Friese confirmed the technology has exceeded expectations, while FQT's President Neal Jakel emphasized the system's advantages of quick build time, low capital cost, and minimal operating expenses compared to competing technologies that rely on de-emulsifiers.

Green Plains (NASDAQ:GPRE) has appointed Chris Osowski as its new Chief Executive Officer and Board member, effective immediately. Osowski, who previously served as Executive Vice President of Operations and Technology since January 2022, brings over 20 years of global leadership experience in chemical, agribusiness, and renewable energy sectors.

The company also announced the appointment of Trent Collins as Senior Vice President of Operations. Collins, who joined Green Plains in April 2024 as Vice President of Operational Excellence, has more than 30 years of leadership experience in protein and agribusiness sectors.

The Board expressed gratitude to Michelle Mapes for her service as Interim Principal Executive Officer and her continued role as Chief Legal and Administration Officer.

Green Plains (NASDAQ:GPRE) reported Q2 2025 financial results with a net loss of $(1.09) per diluted share, compared to $(0.38) in Q2 2024. The quarter included $44.9 million in non-cash charges primarily from asset sales and impairments. Revenue decreased to $552.8 million from $618.8 million year-over-year, while Adjusted EBITDA improved to $16.4 million from $5.0 million.

Key operational highlights include 99% utilization across operating ethanol plants, successful transition of ethanol marketing to Eco-Energy delivering over $50 million in working capital improvements, and extension of $127.5 million Mezzanine notes maturity. The company's carbon capture project remains on track for early Q4 2025 start-up, with construction progressing as planned.

The ethanol production segment sold 193.6 million gallons in Q2 2025, with a consolidated ethanol crush margin of $26.3 million, including $22.6 million from accumulated RINs sales. The company continues executing cost reduction initiatives, expecting to exceed its $50 million annualized savings target.