Welcome to our dedicated page for Green Plains Partners LP news (Ticker: GPP), a resource for investors and traders seeking the latest updates and insights on Green Plains Partners LP stock.
Green Plains Partners LP (GPP) is a prominent service provider in the United States offering fuel storage and transportation services. Established in 2015 and headquartered in Omaha, Nebraska, the company is a subsidiary of Green Plains Inc. Green Plains Partners LP focuses on acquiring, owning, developing, and operating ethanol and fuel storage facilities, terminals, and transportation assets.
Currently, Green Plains Partners LP owns or leases 32 ethanol storage facilities and approximately 49 acres of land. They also operate 7 fuel terminals spanning across Alabama, Arkansas, Louisiana, Mississippi, Kentucky, and Oklahoma. Additionally, the company manages a fleet composed of 19 trucks and tankers for the efficient transportation of ethanol and other related products.
Green Plains Holdings LLC acts as the general partner of the company, ensuring strategic alignment and effective management. The company has made significant achievements in expanding its infrastructure and capabilities in the biofuel sector, playing a vital role in the energy supply chain.
With a solid track record of operations and continuous efforts in optimizing its facilities and logistics, Green Plains Partners LP is positioned as a reliable partner in the fuel transportation industry. The company's operations are crucial for supporting the growing demand for sustainable and efficient fuel alternatives.
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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