Green Plains Stock Price, News & Analysis

Green Plains Inc. (NASDAQ:GPRE) has achieved a significant milestone by producing 58% sustainable Ultra-High Protein at its Shenandoah, Iowa biorefinery, utilizing Fluid Quip’s proprietary MSC protein technology. Initial product quantities have been delivered to pet food partners for formulation studies, indicating enhanced nutritional properties. This advancement supports the company's transformation strategy aimed at financial goals for 2024. Plans are in motion to implement similar technology across additional biorefineries, with initial sales agreements established for 2021 production.

Green Plains Inc. (NASDAQ: GPRE) announced intentions to offer $150 million in common stock and $150 million in convertible senior notes due 2027, subject to market conditions. The convertible notes will allow conversion to cash, shares, or a mix of both. The company plans to utilize proceeds for repurchasing existing convertible notes due 2022 and general corporate purposes. Underwriters have a 30-day option to purchase an additional $22.5 million in shares and notes. Jefferies and BofA Securities serve as joint book-running managers.

Green Plains Inc. (NASDAQ:GPRE) announced a strategic long-term agreement with Summit Carbon Solutions for a major carbon capture and sequestration project. The initiative aims to capture over 10 million tons of carbon dioxide annually, significantly lowering the carbon intensity scores of their biofuels. This will enhance their product offerings, including Ultra-High Protein and renewable corn oil, positioning them competitively in global low carbon markets. The project is expected to commence operations in late 2024 and will potentially uplift margins by 15 cents per gallon through various incentives.

Green Plains (GPRE) reported a net loss of $49.6 million for Q4 2020, translating to $(1.43) per diluted share. Excluding noncash losses, the adjusted net loss was $18.3 million or $(0.53) per share. Revenues fell to $478.8 million, down from $715.7 million year-over-year. The company achieved an adjusted EBITDA of $9.4 million and a crush margin of $0.06 per gallon. Significant liquidity was reported with $274.8 million in cash, bolstered by a $125 million financing from BlackRock. The acquisition of Fluid Quip Technologies is expected to enhance product capabilities and reduce carbon footprint.

Green Plains Inc. (NASDAQ: GPRE) announces a strategic investment from BlackRock and Ospraie Management in Fluid Quip Technologies. This partnership includes a $125 million mezzanine note facility with a 5-year maturity, aimed at funding the deployment of Ultra-High Protein technology at facilities in Obion and Mount Vernon. BlackRock also acquired 2 million warrants for GPRE stock at a strike price of $22. CEO Todd Becker highlighted that this financing validates their transformation strategy and is expected to enhance financial goals for 2023 and 2024.

Green Plains Inc. (NASDAQ:GPRE) announced the sale of its 65 million gallon ethanol plant in Ord, Nebraska, to GreenAmerica Biofuels Ord LLC for $64 million plus working capital. This move is part of Green Plains' strategy to fund its Ultra-High Protein production technology. The sale is projected to yield a pre-tax gain of approximately $37 million. Additionally, Green Plains Ord LLC will acquire related storage and transportation assets for $27 million, aimed at reducing Partnership debt. Both transactions are expected to close within 45 days, subject to customary conditions.

Green Plains Inc. (NASDAQ:GPRE) will feature CEO Todd Becker and Ospraie's Dwight Anderson in a webinar titled “Agtech, Protein and the Biorefinery” on January 28, 2021, at 1:00 p.m. Central time. They will discuss Green Plains' recent acquisition of Fluid Quip Technologies LLC, focusing on Ultra-High Protein production, renewable corn oil, and clean sugar technology. Additionally, they will highlight advancements at the Green Plains York Innovation Center, emphasizing sustainable alternative proteins and synthetic biology. The session will be available on the company's website.

Green Plains Inc. (NASDAQ:GPRE) will announce its fourth quarter and full year 2020 financial results on February 9, 2021, after market closure. A conference call to discuss the results will be held on February 10, 2021, at 11 a.m. ET. The company focuses on biorefining, creating low carbon biofuels and high purity alcohols, and also holds significant interests in Green Plains Partners LP. Investors can join the call by dialing provided numbers or accessing via the company websites.

Green Plains (NASDAQ:GPRE) and Ospraie Management announced the construction of a Clean Sugar Technology™ (CST) production facility at the York Innovation Center. This facility will transform dry milling operations into a biorefinery, making dextrose the main output instead of ethanol. Initial production is expected to reach 2.5 million pounds per year by Q1’s end. The technology aims to reduce carbon intensity and meet growing demand across various industries, particularly food production and renewable chemicals.