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) reports recurring developments from its biorefining business, which transforms renewable crops into ethanol, low-carbon energy and feedstocks, distillers grains, Ultra-High Protein and renewable corn oil. Company news commonly covers quarterly results, ethanol margins, plant utilization, co-product performance, carbon program activity and Section 45Z clean fuel production tax credit value.
Updates also include agribusiness and energy services activity such as grain handling, storage, commodity marketing and merchant trading for company-produced and third-party commodities. Additional announcements address executive appointments, corporate governance roles and participation in agriculture, materials and chemicals investor conferences.
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.
Green Plains (NASDAQ: GPRE) announced significant progress on its 'Advantage Nebraska' carbon capture project. Construction management agreements have been executed, and major compression equipment for three Nebraska facilities has been ordered. The project aims to capture biogenic carbon dioxide from the production of 287 million gallons of ethanol annually, starting in late 2025.
The equipment will be installed at Central City, Wood River, and York facilities, with a total carbon capture capacity up to 1.2 million tons. CEO Todd Becker emphasized the company's commitment to sustainable practices, leveraging the Clean Fuel Production Credit and low carbon fuel markets to produce high-quality carbon credits. The carbon capture initiative is expected to reduce the carbon intensity of biofuel by half and enhance the production of high-quality ingredients like Ultra High Protein and renewable corn oil.
The company has also secured necessary financing and construction agreements. The Trailblazer project, which aims to transport captured carbon to Wyoming for storage, is making steady progress.
Green Plains Inc. (NASDAQ:GPRE) CEO Todd Becker will be participating in a fireside chat at the BMO Global Farm to Market Conference on May 15. The company will also engage with institutional investors. The webcast and replay will be accessible on the Green Plains website.
Green Plains Inc. reported a net loss of $51.4 million in the first quarter of 2024, with an EPS of ($0.81) compared to an EPS of ($1.20) in the same period last year. Revenues were $597.2 million, down from $832.9 million in 2023. EBITDA was ($21.5) million, an improvement from ($27.7) million in the prior year. Margins were impacted by industry oversupply and lower prices due to a mild winter. The company announced the launch of new specialty feed brand Sequence™ and the world's first commercial-scale Clean Sugar Technology facility. Late-stage negotiations for dextrose corn syrups sales agreements are ongoing.
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