Green Plains Stock Price, News & Analysis

Green Plains reported a net loss of $6.5 million for Q1 2021, or $(0.17) per diluted share, despite a $36.9 million gain from asset sales. Revenue fell to $553.6 million, down 12.5% from $632.9 million year-over-year, primarily due to lower ethanol production. The consolidated crush margin improved to $0.11 per gallon. The company maintained strong liquidity with $654.4 million in cash and credit. Significant acquisitions and construction plans were announced to expand its Ultra-High Protein capabilities, aiming for long-term growth in ag-tech and low-carbon products.

Green Plains Inc. (NASDAQ:GPRE) announced a significant expansion of its carbon capture efforts, committing 424 million gallons of annual capacity from its Shenandoah and four Nebraska biorefineries to a carbon pipeline network. This brings the total to 658 million gallons, equivalent to approximately 1.9 million metric tons of carbon sequestered annually. The project is set to begin operations in 2024, aiming to lower carbon intensity and capitalize on emerging low-carbon credit markets. This move enhances Green Plains' sustainability initiatives and positions the company favorably within the biofuels sector.

Green Plains Inc. (NASDAQ:GPRE) and Green Plains Partners LP (NASDAQ:GPP) will release their first quarter 2021 financial results on May 3, 2021, before market opening. A joint conference call is scheduled for 11 a.m. Eastern time to discuss performance and outlook. Participants can dial in using provided numbers or access the call via company websites. Green Plains focuses on biorefining and sustainable production of biofuels, while Green Plains Partners specializes in fuel storage and transportation services.

On March 23, 2021, Green Plains Inc. (NASDAQ:GPRE) announced the successful sale of its ethanol plant in Ord, Nebraska, to GreenAmerica Biofuels Ord LLC for $64 million, alongside a working capital agreement. Additionally, Green Plains Partners LP (NASDAQ:GPP) finalized the sale of storage and certain rail assets for $27 million, with the proceeds allocated to debt repayment. This strategic divestiture suggests a focus on optimizing business operations and improving financial health.

Green Plains Inc. (NASDAQ:GPRE) announced its participation in the virtual 4th Annual Truist Securities 2021 Utilities, Midstream & Alternative Energy Summit on March 25, 2021. The company is dedicated to utilizing fermentation, agricultural, and biological technologies to produce low carbon biofuels, renewable feedstocks, and high purity alcohols. Green Plains is also known for its innovative Ultra-High Protein ingredients aimed at sustainable protein production. Materials from the conference will be available on the company's Investors page.

Green Plains Inc. (NASDAQ:GPRE) announced that CEO Todd Becker will present at the 33rd Annual ROTH Conference on March 16, 2021, at 9:30 a.m. ET. This event will be available via live webcast and replay on the Investors page of their website. Green Plains is a leading biorefining company focused on sustainable processes for renewable crops, producing low carbon biofuels, renewable feedstocks, and high purity alcohols. The company also innovates in Ultra-High Protein production for sustainable protein markets.

On March 4, 2021, Green Plains Inc. (NASDAQ:GPRE) announced a partnership with Fluid Quip Technologies, contracted to implement its Flex Plant Technology at Sao Martinho's Boa Vista sugarcane facility. This technology enables ethanol plants to operate year-round by integrating corn processing. CEO Todd Becker highlighted the partnership's significance in enhancing production flexibility and profitability while reducing carbon intensity. The collaboration reflects the investments made by BlackRock and Ospraie Management, showcasing Green Plains' innovative approach to sustainable agriculture and biofuel production.

Green Plains Inc. (NASDAQ:GPRE) announced the completion of public offerings totaling approximately $413.6 million, including 8,751,500 shares of common stock and $230 million in 2.25% convertible senior notes due 2027. The estimated net proceeds from these offerings are about $191.1 million from stock and $222.5 million from notes. The proceeds will primarily be used to repurchase 2022 convertible notes and for general corporate purposes. The 2.25% notes are redeemable after March 15, 2024, under certain conditions.

Green Plains Inc. (NASDAQ:GPRE) will engage in virtual meetings with institutional investors at the 2021 Credit Suisse Energy Summit on March 2, 2021, starting at 8:30 a.m. EST.

Investors can access conference materials on the company’s website. Green Plains is recognized for its innovation in biorefining, focusing on sustainable production of biofuels and high-purity alcohols. The company also offers Ultra-High Protein ingredients for animal and aquaculture diets, addressing the demand for sustainable protein sources.