Welcome to our dedicated page for MGP Ingredients news (Ticker: MGPI), a resource for investors and traders seeking the latest updates and insights on MGP Ingredients stock.
MGP Ingredients, Inc. reports developments across branded spirits, distilling solutions and ingredient solutions, with news centered on operating results, production levels, dividends and demand conditions in American whiskey and specialty ingredients.
The company’s updates also cover the Luxco branded spirits portfolio, including Penelope, Rebel, Remus and Yellowstone bourbons and El Mayor tequila, as well as releases, barrel programs, partnerships and events tied to distilleries in Indiana and Kentucky and tequila operations in Arandas, Mexico. News on the business addresses branded spirits momentum, brown goods demand, distilling capacity, bottling and warehousing operations, and specialty fiber, protein and starch ingredients for food products.
Penelope Bourbon (MGPI) has released Cigar Sessions: Chapter 2, a high-proof American whiskey created in partnership with Alec Bradley cigars. The six-year-old, small-batch expression is bottled at 117.4 proof and uses a mash bill of 69% corn, 19% rye and 12% malt. It is designed to pair with medium to full-bodied cigars, with tasting notes that include toasted oak, dark caramel, leather, baking spice, charred brown sugar, cocoa, creamy malt, dark chocolate and seasoned oak. The collaboration involved both Penelope’s blending team and Alec Bradley’s cigar blenders working together from the outset. Cigar Sessions: Chapter 2 carries a suggested retail price of $79.99 and is available at select retailers nationwide while supplies last.
MGP Ingredients (MGPI) launched its first-ever namesake spirits brand, MGP, highlighted by an inaugural limited-edition 10-year-old straight bourbon whiskey called MGP Chapter One: Out of the Shadows.
The move aligns with restoring the historic Lawrenceburg, Indiana facility’s name to MGP Distillery, signaling a new consumer-facing chapter for the long-time contract whiskey producer. Chapter One is a 111-proof bourbon made from the distillery’s LBSV mash bill of 60% corn, 36% rye and 4% malted barley, aged 10 years in Rickhouse G to emphasize the distillery’s high-rye style. The release will be available nationwide in limited quantities this fall at a suggested retail price of $69.99 per 750mL bottle. Master distiller Ian Stirsman blended select barrels for this expression, which the company presents as representative of its craftsmanship and heritage.
MGP Ingredients (MGPI) announced the launch of Remus Repeal Reserve Series X, a 10th anniversary high‑proof blended bourbon, and its first-ever Remus Repeal Reserve Rye Whiskey, aligning with National Bourbon Heritage Month. Both are produced at Ross & Squibb Distillery in Lawrenceburg, Indiana under Master Distiller Ian Stirsman.
Series X is bottled at 107 proof and blends three mash bills, including the rarely used LISV recipe, from reserves aged between 2008 and 2017. The new Remus Repeal Reserve Rye Whiskey is a limited-edition straight rye, using 2015 and 2016 reserves of the brand’s 95% rye mash bill, bottled at 111 proof. Both releases will be available at select U.S. retailers starting in September for a suggested retail price of $79.99 while supplies last.
MGP Ingredients (Nasdaq: MGPI) reported Q2 2026 sales of $124.4 million, down 15% year over year, with gross profit of $46.5 million and gross margin of 37.4%. Net income was $12.0 million (basic EPS $0.55), and adjusted net income was $15.8 million (adjusted EPS $0.72). Adjusted EBITDA declined 23% to $27.6 million.
Branded Spirits sales were stable at $59.6 million, with premium plus brands up 5% and Penelope Bourbon up 13%. Distilling Solutions sales fell 42% and Ingredient Solutions gross margin dropped to 10.1%. The company reaffirmed full-year 2026 guidance, reported a year-to-date net loss of $122.8 million driven by $179.5 million of impairment, ended the quarter with a 3.5x net debt leverage ratio, and declared a $0.12 per-share dividend payable August 28, 2026.
MGP Ingredients (Nasdaq: MGPI) announced four strategic leadership appointments to support its next phase of growth in spirits and ingredients. Tom Neiheisel becomes vice president, distilling solutions sales; Sol Clahane is named managing director, national accounts; Marilyn Chen joins as brand director for Penelope Bourbon; and David Sanders becomes vice president of financial planning & analysis.
According to MGP, these hires bring extensive commercial, brand-building and finance experience from major beverage and consumer companies and are intended to strengthen commercial execution, expand national accounts, accelerate growth in branded spirits, particularly Penelope Bourbon, and enhance enterprise-wide financial planning and value creation.
MGP Ingredients (Nasdaq: MGPI) plans to report its second quarter 2026 financial results before the Nasdaq market opens on Wednesday, July 29, 2026. On the same day at 10 a.m. ET, president and CEO Julie Francis and CFO Brandon Gall will host a conference call and webcast to discuss results, give a business update and answer questions.
MGPI (Yellowstone Bourbon) announced Yellowstone Limited Edition 2026, the 11th annual release in its series. The bourbon is a dual-finished blend of 7- and 14-year-old Kentucky straight bourbons, finished separately in Ruby and Tawny Port casks, then married and bottled at 101 proof. Inspired by the Grand Canyon of the Yellowstone National Park, it aims to express the contrast of light and shadow. The 2026 edition, with an SRP of $99, is available at the Limestone Branch Distillery Visitor's Center and is expected at select retailers nationwide starting in August.
Penelope Bourbon (NASDAQ:MGPI) launched its Classic Series, introducing Kentucky Straight Bourbon Whiskey and Straight Rye Whiskey aimed at everyday occasions. Both are bottled at 92 proof, feature distinct mashbills, and will debut in select markets with SRPs of $44.99 and $34.99, respectively.
MGPI (ticker: MGPI) brand Penelope Bourbon expanded its ready-to-pour lineup with a new Blackberry Old Fashioned cocktail, timed for summer gatherings. The drink blends straight bourbon, rye whiskey, orange bitters, and blackberry simple syrup, bottled at 76 proof with a $29.99 SRP.
Penelope Blackberry Old Fashioned is designed to be served over ice and positioned as a fruit-forward yet whiskey-focused twist on a classic. It will be available this month at select retailers nationwide and for purchase online at PenelopeBourbon.com.
MGPI (NASDAQ:MGPI), via its Ross & Squibb Distillery, launched ultra-limited Remus Lou Gehrig Reserve Bourbon, honoring the Yankees legend. The 109-proof bourbon blends four mash bills and is limited to 9,665 bottles, priced at $129.99, with charitable donations tied to Lou Gehrig’s ALS legacy.