Green Plains Stock Price, News & Analysis

Green Plains Inc. (NASDAQ: GPRE) reported a fourth quarter net loss of $38.6 million, or $(0.66) per share, worsening from a $9.6 million loss, or $(0.18) per share, a year earlier. Despite a revenue increase to $914 million from $802.3 million, EBITDA plummeted to $5.7 million from $30.3 million. The company achieved a positive ethanol crush margin of $0.03 per gallon, even amidst challenging conditions due to rail delays and winter storms. Protein technology operations expanded, with expected 2023 sales covering 75% of capacity. With strong cash reserves of $500.3 million, the company is well-positioned to pursue its transformation initiatives.

United Airlines, Tallgrass, and Green Plains announced a joint venture, Blue Blade Energy, to develop a novel Sustainable Aviation Fuel (SAF) technology using ethanol as feedstock. They will invest up to $50 million, with an offtake agreement for 135 million gallons of SAF annually, totaling 2.7 billion gallons. If successful, a pilot facility could begin construction in 2024, followed by commercial operations by 2028, potentially powering over 50,000 flights annually. This initiative aligns with United's goal of achieving net-zero emissions by 2050, establishing it as a leader in SAF investment.

Ancora Holdings Group, the second-largest shareholder of Green Plains (NASDAQ: GPRE) with a 7% stake, emphasized the need for the Board to consider strategic alternatives amid long-term risks. The letter highlights a potential valuation of over $50 per share if Green Plains' disruptive AgTech IP and renewable diesel positioning are leveraged effectively. It cites economic volatility, market risks from electric vehicle adoption, and execution challenges in the commercialization of new products as significant hurdles. Ancora urges the Board to retain a financial advisor to assess acquisition offers, arguing that a full sale could de-risk shareholder investments in light of these challenges.

Green Plains Inc. (NASDAQ:GPRE) and Green Plains Partners LP (NASDAQ:GPP) will announce their fourth quarter and full year 2022 financial results before the market opens on February 8, 2023. A joint conference call will follow at 9 a.m. Eastern time to discuss the performance and outlook. Participants can dial in or access the call via the companies' websites. Green Plains Inc. specializes in biorefining technologies, producing low carbon biofuels, and animal feed products. Green Plains Partners provides fuel storage and transportation services.

Green Plains Partners LP (NASDAQ:GPP) declared a quarterly cash distribution of $0.455 per unit for Q4 2022, translating to an annualized rate of $1.82 per unit. This distribution is set for payment on February 10, 2023, to unitholders on record as of February 3, 2023. Additionally, all distributions to foreign investors will be subject to U.S. federal income tax withholding at the highest effective rate, as they relate to income connected with U.S. trade or business.

Green Plains (NASDAQ: GPRE), Tallgrass, and Osaka Gas USA have launched a joint feasibility study to produce up to 200,000 tons per year of synthetic methane in the U.S. Midwest. This project aims to utilize low-carbon hydrogen and biogenic CO2 captured from Green Plains' ethanol biorefineries, with a completion target in mid-2023. The initiative supports decarbonization efforts and aligns with Japan's goal to replace 90% of city gas with e-methane by 2050. This collaboration is expected to enhance clean energy production and CO2 reduction.

Green Plains Inc. (NASDAQ:GPRE) announced that CEO Todd Becker will participate in a fireside chat at the Stephens Annual Investment Conference on November 16, 2022, at 4 p.m. ET. The company will also engage in meetings with institutional investors during the event. Conference materials will be accessible on the company's Investors page. Green Plains is a leader in biorefining, focusing on renewable agricultural products, cleaner biofuels, and high-purity alcohols used in various industries. More information is available on their website.

Green Plains reported a net loss of $73.5 million, or $(1.27) per share, for Q3 2022, compared to a loss of $59.6 million, or $(1.18) per share, in Q3 2021. Revenues increased to $955 million from $746.8 million, driven by record high corn basis levels and improved sales volumes in pet food and aquaculture. Despite higher revenues, EBITDA fell to $(35.6) million from $(16.6) million, impacted by weak ethanol margins and maintenance costs at plants. The company remains optimistic for Q4 with improved margins expected. Cash reserves stood at $512.4 million, supporting future growth initiatives.