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Green Plains Partners LP - GPP STOCK NEWS

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.

Rhea-AI Summary
Green Plains Inc. and Green Plains Partners LP have entered into a merger agreement. Each outstanding common unit of the Partnership not already owned by Green Plains will be converted into 0.405 shares of Green Plains common stock and $2.00 in cash. The merger consideration represents a value of approximately $15.69 per Partnership common unit, a premium of 20% to the closing price on May 3, 2023. The transaction is expected to close in Q4 2023, subject to approvals.
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Green Plains CEO to participate in fireside chat at Jefferies Industrials Conference
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Green Plains Inc. announces the completion of an internal investigation into allegations regarding the sale of stock by CEO Todd Becker and other executives. The investigation found no evidence of impropriety and determined that all trades were conducted in compliance with internal policies and applicable law.
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Mr. Becker and his direct reports sold millions of dollars of stock during a disastrous second quarter before disclosing the material impact of the Wood River plant explosion. A letter was released on July 11th, raising concerns to the board.
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Green Plains Inc. reports a net loss of $52.6 million for Q2 2023, compared to net income of $46.4 million for the same period last year. Revenues decreased to $857.6 million from $1,012.4 million. The company expects a stronger second half of 2023 based on current industry margins and sales growth.
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FAQ

What is the market cap of Green Plains Partners LP (GPP)?

The market cap of Green Plains Partners LP (GPP) is approximately 286.4M.

What services does Green Plains Partners LP provide?

Green Plains Partners LP offers fuel storage and transportation services, including ethanol and other fuel products.

Where is Green Plains Partners LP headquartered?

The company is headquartered in Omaha, Nebraska, USA.

How many ethanol storage facilities does the company own or lease?

Green Plains Partners LP owns or leases 32 ethanol storage facilities.

Which states have Green Plains Partners LP fuel terminals?

The company has fuel terminals in Alabama, Arkansas, Louisiana, Mississippi, Kentucky, and Oklahoma.

When was Green Plains Partners LP founded?

The company was founded in 2015.

Who is the general partner of Green Plains Partners LP?

Green Plains Holdings LLC serves as the general partner.

What type of assets does Green Plains Partners LP operate?

The company operates ethanol and fuel storage facilities, terminals, and transportation assets.

How many trucks and tankers does Green Plains Partners LP operate?

Green Plains Partners LP operates a fleet of 19 trucks and tankers.

Is Green Plains Partners LP a subsidiary of another company?

Yes, Green Plains Partners LP is a subsidiary of Green Plains Inc.

What is the primary focus of Green Plains Partners LP's business?

The primary focus is on the storage and transportation of ethanol and other fuel products.

Green Plains Partners LP

Nasdaq:GPP

GPP Rankings

GPP Stock Data

286.39M
11.44M
50.82%
23.35%
0.88%
Oil & Gas Midstream
Energy
Link
United States
Omaha