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 (NASDAQ:GPRE) has announced its participation in the Stephens Annual Investment Conference in Nashville. President and CEO Todd Becker will engage in a fireside chat on Wednesday, Nov. 20 at 12:00 p.m. Eastern Time. The company will also conduct meetings with institutional investors during the conference. Both the live webcast and replay will be accessible through the Investors page on Green Plains' website.
Green Plains Inc. (NASDAQ:GPRE) reported strong Q3 2024 financial results with net income of $48.2 million, or $0.69 per diluted share, up from $22.3 million in Q3 2023. The company achieved EBITDA of $83.3 million, including a $30.7 million gain on asset sale. Revenue decreased to $658.7 million from $892.8 million year-over-year. Notable operational achievements include a 97% plant utilization rate, record ethanol and Ultra-High Protein yields, and record renewable corn oil production. The company's Clean Sugar Technology facility in Shenandoah, Iowa has begun production with samples sent to customers.
Green Plains Inc (NASDAQ:GPRE) announced a planned CFO transition, with Phil Boggs, current EVP of Investor Relations & Finance, succeeding Jim Stark effective November 1, 2024. Stark will retire by year-end after serving as CFO since 2022. Boggs, who joined the company in 2009, has held various roles including Treasury and Investor Relations positions. The transition is part of a predetermined succession plan, with Stark having prepared Boggs for the CFO role. CEO Todd Becker expressed confidence in Boggs' experience and leadership capabilities to guide the company's finance organization forward.
Green Plains Inc. (NASDAQ:GPRE) has announced successful production of dextrose syrups at the world's first commercial Clean Sugar Technology™ (CST™) facility in Shenandoah, Iowa. The patented system produces dextrose and glucose corn syrups with up to 40% lower carbon-intensity than existing alternatives. The facility has achieved 3rd party certification for Good Manufacturing Practices, with FSSC 22000 certification expected next quarter. The company is in advanced negotiations for multiple offtake partnerships, with current demand exceeding production capacity. Commercial shipments will begin in coming weeks, and production optimization will continue over several quarters.
Green Plains Inc. (NASDAQ:GPRE) has announced its upcoming third quarter 2024 earnings release and conference call. The company will release its financial results before the market opens on October 31, 2024. Following this, Green Plains will host a conference call at 9 a.m. Eastern time (8 a.m. Central time) to discuss the quarter's performance and future outlook.
Investors and analysts can participate in the call by dialing 888.210.4215 (domestic) or 646.960.0269 (international) and using the conference ID 5027523. Participants are advised to call at least 10 minutes before the start time. Additionally, interested parties can access the conference call and presentation materials through the Green Plains website at https://investor.gpreinc.com.
Green Plains Inc. (NASDAQ:GPRE) has announced the completion of the sale of its unit train terminal in Birmingham, Alabama. The terminal was sold by Green Plains' subsidiary, Birmingham BioEnergy Partners, , to Lincoln Terminal Company, The proceeds from the sale were used to repay the outstanding balance of the Green Plains Partners term loan due July 20, 2026.
Todd Becker, President and CEO of Green Plains, commented on the transaction, stating that it helps eliminate the remaining partnership debt, strengthens the company's balance sheet, and contributes to achieving the simplification and cost savings anticipated after the buy-in of Green Plains Partners in January.
Green Plains Inc. (NASDAQ:GPRE) has announced its participation in the Jefferies Industrials Conference. The company's President and CEO, Todd Becker, will engage in a fireside chat on Thursday, Sept. 5 at 1:20 p.m. Eastern Time (12:20 p.m. Central Time) in New York City. In addition to the fireside chat, Green Plains will be conducting meetings with institutional investors during the conference.
For those interested in following the event, a live webcast will be available. Both the live stream and a replay can be accessed through the Investors page on Green Plains' official website at https://investor.gpreinc.com/events-presentations. This participation provides an opportunity for investors and analysts to gain insights into Green Plains' operations and future strategies.
Green Plains Inc. (NASDAQ:GPRE) reported financial results for Q2 2024, showing a net loss of $24.4 million, or $(0.38) per share, compared to a net loss of $52.6 million in Q2 2023. EBITDA improved to $4.8 million, up $19.7 million year-over-year. The company achieved record renewable corn oil yields and Ultra-High Protein yields in June. Green Plains expects a profitable Q3 outlook based on improving ethanol margins, corn oil pricing, and protein demand. The company is progressing on its transformation goals, including carbon capture initiatives and Clean Sugar Technology. A strategic review process is ongoing to enhance shareholder value. Green Plains entered an agreement to sell its Birmingham terminal to help repay debt.
Green Plains Inc. (NASDAQ:GPRE) has announced its plans to release second quarter 2024 financial results before the market opens on August 6, 2024. Following the release, the company will host a conference call at 9 a.m. Eastern time (8 a.m. Central time) to discuss the quarter's performance and outlook. Investors and analysts can join the call by dialing 888.210.4215 (domestic) or 646.960.0269 (international) and using the conference ID 5027523. Participants are advised to call at least 10 minutes before the start time. Alternatively, interested parties can access the call and presentation materials through Green Plains' investor relations website.
Green Plains (NASDAQ: GPRE) and Tharaldson Ethanol have successfully launched the world's largest MSC™ system at Tharaldson's 175 million-gallon biorefinery in Casselton, North Dakota.
The MSC™ technology, provided by Fluid Quip Technologies, enhances the production of Ultra-High Protein feed ingredients, offering superior nutrition for animals and up to 40% lower carbon intensity compared to other products.
This development also boosts renewable corn oil yields, contributing to advanced biofuels like renewable diesel and sustainable aviation fuel. The achievement increases Green Plains' annual Ultra-High Protein production capacity to 430,000 tons.