Welcome to our dedicated page for Green Plains news (Ticker: GPRE), a resource for investors and traders seeking the latest updates and insights on Green Plains stock.
Green Plains Inc. (NASDAQ: GPRE) is a biorefining company focused on renewable fuels and sustainable, high-impact ingredients, and its news flow reflects this low-carbon strategy. The company describes itself as advancing the transition to a low-carbon world by using agricultural, biological and fermentation expertise to convert annually renewable crops into low-carbon energy and sustainable feedstocks. News about Green Plains often highlights developments in its ethanol production, agribusiness and energy services segments, as well as progress on carbon reduction initiatives.
Investors following GPRE news can expect regular updates on financial results, including quarterly earnings releases and conference call announcements, where the company discusses segment performance, ethanol volumes, crush margins and the impact of programs such as the 45Z clean fuel production tax credit. Green Plains also issues news on capital structure actions, such as exchange and subscription transactions for its Convertible Senior Notes and related share repurchases.
Another key news theme is carbon capture and storage (CCS). The company has reported the startup and operation of CCS equipment at its Nebraska facilities in York, Central City and Wood River, and the capture and permanent sequestration of biogenic CO2 via the Trailblazer pipeline to a sequestration hub in southeast Wyoming. These updates illustrate how Green Plains integrates CCS into its low-carbon platform and tax credit strategy.
Corporate governance and leadership changes are also covered in Green Plains’ news, including the appointment of a Chief Executive Officer, Chief Financial Officer and General Counsel and Secretary. In addition, transaction-related announcements, such as the sale of the Tennessee ethanol plant and related balance sheet effects, provide insight into portfolio optimization decisions. For a comprehensive view of GPRE’s evolving strategy, operations and financing, readers can review the ongoing stream of press releases and regulatory news items associated with the company.
Green Plains Inc. (NASDAQ:GPRE) has sold its remaining 50% stake in Green Plains Cattle Company LLC for approximately $80 million, effective October 1, 2020. This strategic move has added $96 million to their liquidity, aiming to redirect capital towards a technology-focused biorefining platform that produces high-value, sustainable ingredients. Over the past six years, Green Plains Cattle Company grew to become the fourth largest cattle feeder in the U.S. The transaction supports their goal to enhance their high-protein technology initiative, facilitating nearly $225 million in total liquidity for the company.
Green Plains Inc. (NASDAQ:GPRE) plans to release its third quarter 2020 financial results on November 4, 2020, and will host a conference call on November 5, 2020, at 11 a.m. ET. The call will discuss Q3 performance and future outlook. Interested parties can participate by calling designated numbers or accessing the call via the company's website. Green Plains is a leading corn processor focusing on sustainable biofuels and high-protein feed ingredients. The company holds significant interests in Green Plains Cattle Company and Green Plains Partners LP.
Green Plains Inc. (NASDAQ:GPRE) appointed Kimberly A. Wagner as an independent director effective October 1, 2020. Wagner brings over 20 years of experience in agribusiness, food, and ingredient companies, focusing on strategy and innovation. She is the founder of TBGD Partners and has held executive roles at Flagship Pioneering and CIBO Technologies. This addition to the board aims to advance the company's sustainable protein production and novel ingredients to meet global nutritional demands, as stated by CEO Todd Becker.
Green Plains Inc. (NASDAQ: GPRE) has begun constructing a high protein production facility at its Wood River site, utilizing Fluid Quip Technologies’ MSC™ technology. This expansion is part of the company’s transformation into a sustainable agricultural biorefinery. The facility is projected to generate about 80,000 tons of ultra-high protein feed annually by Q2 2021, with a total investment of $50 million. This project will double Green Plains' high protein feed capacity, enhancing its market capability and responding to the rising global demand for sustainable protein ingredients.
Green Plains Inc. (NASDAQ: GPRE) announced the groundbreaking of a high protein production facility at its Wood River location, utilizing Fluid Quip Technologies' MSC™ technology. This facility is expected to produce 80,000 tons of ultra-high protein feed annually starting in Q2 2021, representing a capital investment of $50 million. The project aims to double the company’s high protein capacity, enhancing margins by 15 to 20 cents per gallon initially. The company emphasizes its commitment to sustainable protein production to meet rising global nutritional demands.
Green Plains (GPRE) announced the closing of a $75 million term loan facility with MetLife Investment Management, maturing in 2035. The funds will support the construction of high protein technology at Green Plains Wood River LLC and another future site. The loan has a fixed interest rate of 5.02% and is expected to be drawn over the next 18 months. This financing aligns with the company's strategy to produce high-value ingredients, enhancing profit potential and catering to the rising demand for sustainable proteins.
Green Plains Inc. (NASDAQ: GPRE) successfully had a lawsuit dismissed by the US District Court for the Central District of Illinois. The suit, filed in January 2020 by Marquis ProCap Systems, lacked substantial evidence, leading the Court to determine that the plaintiff did not present a case consistent with legal standards. CEO Todd Becker expressed relief at the decision, criticizing the lawsuit as a frivolous endeavor that wasted company resources.
Green Plains Inc. (NASDAQ:GPRE) reported a net loss of $8.2 million or $(0.24) per diluted share for Q2 2020, an improvement from a net loss of $45.3 million in Q2 2019. Revenue fell to $418.0 million from $630.6 million year-over-year, primarily due to reduced production volumes. However, adjusted EBITDA improved to $17.9 million, driven by high-quality alcohol sales and a record contribution from Green Plains Cattle Company. The company completed over 55% of its Project 24 initiatives, aiming for reduced operational costs and a lower carbon footprint.
Green Plains Inc. (NASDAQ: GPRE) has received final credit approval for a $75 million term loan, supporting the execution of its protein strategy. The loan is expected to close by the end of Q3 2020 and is part of the company's transformation into Green Plains 2.0. Additionally, the company will install high protein production at Wood River, with operations starting in Q2 2021. This expansion is projected to enhance margins and production efficiency, with a capacity of 80,000 tons of protein feed.
Green Plains Inc. (NASDAQ: GPRE) will have its president and CEO, Todd Becker, present at the Jefferies Virtual Industrials Conference on August 5, 2020, at 3:00 p.m. ET. Investors can access the live webcast and replay on the company's Investors page. Green Plains is a leading corn processor, engaged in corn processing, grain handling, and commodity marketing. The company also has significant interests in cattle production and logistics services.
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