Green Plains Stock Price, News & Analysis

Green Plains has launched a transformative turnkey solution for the installation of Fluid Quip Technologies’ MSC™ system, marking a significant shift in the biofuels industry. The company has formed a joint venture with Tharaldson Ethanol, a leading biofuel producer, to enhance production capacity. Green Plains will provide up to 50% of capital and handle marketing for Ultra-High Protein and renewable corn oil. The initiative aims for 105,000 tons of protein production annually, with further partnerships planned to scale operations.

Green Plains Inc. (NASDAQ: GPRE) reported a net income of $9.7 million, or $0.20 per diluted share, for Q2 2021, compared to a loss of $8.2 million in Q2 2020. Revenues surged to $724.4 million, up 86.7% year-over-year, driven by increased ethanol and distillers grains sales. The consolidated crush margin improved to $0.37 per gallon. The company is advancing its Ultra-High Protein and renewable corn oil initiatives, establishing construction partnerships, and expanding its carbon capture strategies. Strong cash reserves of $615.4 million support ongoing transformation plans.

Green Plains Inc. (NASDAQ:GPRE) announced that CEO Todd Becker will participate in a fireside chat at the Jefferies Virtual Industrials Conference on August 3, 2021, at 11:00 a.m. EDT. The company will also engage in virtual meetings with institutional investors on the same dates. Materials for the conference, including the live webcast and recording, will be available on the company’s Investors page. Green Plains Inc. focuses on biorefining, producing low-carbon biofuels, renewable feedstocks, and high-purity alcohols, and is a leading producer of Ultra-High Protein ingredients for sustainable protein needs.

Green Plains Inc. (NASDAQ:GPRE) announced board changes on July 26, 2021, part of a diversity initiative. James Crowley, Tom Manuel, and Gordon Glade retired from the board, while Martin Salinas, Jr. was appointed and named audit committee chair. Salinas brings significant financial expertise, having previously served as CFO of Energy Transfer Partners, LP. The board aims to enhance diversity and improve shareholder value as part of its transformation strategy, as stated by CEO Todd Becker.

On July 20, 2021, Green Plains Inc. (NASDAQ:GPRE) announced a $60 million term loan facility purchased by BlackRock, set to mature in 2026. This move aims to strengthen Green Plains Partners’ cash flow stability through long-term commitments. CEO Todd Becker indicated that the partnership will revert to a 1.1 times coverage ratio on normalized trailing cash flows, enhancing future distributions for unitholders starting in Q3 2021. The loan is secured by the partnership's substantial assets.

Green Plains Inc. (NASDAQ:GPRE) will announce its second-quarter 2021 financial results on August 2, 2021, ahead of market opening, followed by a conference call at 11 a.m. Eastern Time. The call will discuss the company's performance and future outlook. Investors can join by dialing specific phone numbers or by accessing the call via Green Plains' and Green Plains Partners' websites. Green Plains focuses on biorefining, producing low carbon biofuels, and other sustainable products, holding significant stakes in Green Plains Partners LP.

Green Plains Inc. (NASDAQ: GPRE) has begun construction on its third MSC^TM system at its Central City location, following installations in Shenandoah and Wood River. This system is projected to begin operations in Q2 2022, with an annual production capacity of roughly 72,000 tons of Ultra-High Protein feed. The overall capacity across installations will reach about 600,000 tons. The MSC^TM technology will also enhance renewable corn oil production by 50%, crucial for renewable diesel production.

Green Plains Inc. (NASDAQ:GPRE) announced the appointment of Negil McPherson Jr. as Chief People Officer, effective immediately. McPherson will lead human resources strategies focusing on talent management and the company's cultural transformation towards Green Plains 2.0. With over 28 years of experience, he aims to enhance organizational development at Green Plains. CEO Todd Becker emphasized the importance of strategic talent retention for the company’s future success in becoming a leader in ag tech.

Green Plains Inc. (NASDAQ:GPRE) has partnered with Fagen, Inc. to construct and install Fluid Quip Technologies’ MSC™ system, a key component in its transformation to a global ag tech leader focused on sustainable products. This collaboration supports Green Plains' 2024 transformation plan and enhances its biorefining capabilities. Construction will begin at multiple locations, ultimately boosting Ultra-High Protein production capacity to approximately 600,000 tons, with a 50% increase in renewable corn oil capacity.