Green Plains Stock Price, News & Analysis

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.

Green Plains Inc. (NASDAQ:GPRE) announced it will release its third quarter 2022 financial results on November 3, 2022, before market opening. The company will also conduct a joint conference call at 9 a.m. Eastern time to discuss its performance and outlook. Shareholders and interested parties are encouraged to pre-register for the call, which will be available via webcast on the company's and Green Plains Partners LP's websites. Green Plains is focused on biorefining and producing low-carbon biofuels and sustainable feedstocks.

Green Plains Inc. (NASDAQ:GPRE) announced executive leadership changes aimed at driving transformation within the company. Patrich Simpkins will transition from Chief Financial Officer to Chief Transformation Officer, leading a comprehensive organizational transformation initiative. Jim Stark steps in as Chief Financial Officer, while Jamie Herbert and Grant Kadavy join as Chief Human Resources Officer and Executive Vice President of Commercial Operations, respectively. These appointments are expected to enhance the company’s operational efficiency and strategic focus.

Green Plains Inc. (NASDAQ:GPRE), along with Tallgrass and Pacific Northwest National Laboratory (PNNL), has secured funding from the U.S. Department of Energy to enhance sustainable aviation fuel (SAF) technology. This grant aims to optimize catalysts for converting ethanol into SAF, a critical step toward scalability. Green Plains and Tallgrass hold exclusive licensing options for the PNNL technology, aiming to commercialize SAF from cellulosic and corn ethanol. The collaboration supports the clean energy economy and positions Green Plains as a leader in SAF commercialization.

Green Plains reported a net income of $46.4 million and an earnings per share (EPS) of $0.73 for Q2 2022, a significant increase from $9.7 million and $0.20 in Q2 2021. Total revenues rose to $1,012.4 million, up 39.8% year-over-year. The company’s EBITDA was $84.4 million, influenced by a $27.7 million USDA COVID-19 relief. Plant utilization reached 96.9%, showcasing operational efficiency. Green Plains also reported strong customer engagement and plans for further expansion with projects in Iowa and North Dakota.

Green Plains Inc. (NASDAQ:GPRE) announced that Todd Becker, CEO, will participate in a fireside chat at the Jefferies Industrials Conference in New York City on August 9, 2022, at 2 p.m. Eastern Time. The company will also hold meetings with institutional investors during the event.

Conference materials, a live webcast, and a replay will be available on the Investors page of Green Plains’ website.

Green Plains Inc. (NASDAQ:GPRE) will announce its second quarter 2022 financial results on August 2, 2022, before the market opens. A joint conference call with Green Plains Partners LP (NASDAQ:GPP) is scheduled for 11 a.m. ET to discuss the results and future outlook. Interested participants are encouraged to pre-register for dial-in details. Green Plains Inc. focuses on developing sustainable value-added ingredients, including low carbon biofuels and high purity alcohols, while holding a significant stake in Green Plains Partners LP, a provider of fuel storage and transportation services.

Green Plains Inc. (NASDAQ: GPRE) announced its plan to redeem all outstanding 4.00% Senior Convertible Notes due 2024, amounting to $64.0 million. The redemption will occur on July 11, 2022, at 100% of the principal plus accrued interest. Holders can convert the notes into Green Plains common stock at a conversion rate of 66.4178 shares per $1,000 principal until July 8, 2022. As of May 25, 2022, the stock closed at $32.55, indicating potential value for investors considering conversion.