Welcome to our dedicated page for Green Plains news (Ticker: GPRE), a resource for investors and traders seeking the latest updates and insights on Green Plains stock.
Green Plains Inc. (NASDAQ: GPRE) is a biorefining company focused on renewable fuels and sustainable, high-impact ingredients, and its news flow reflects this low-carbon strategy. The company describes itself as advancing the transition to a low-carbon world by using agricultural, biological and fermentation expertise to convert annually renewable crops into low-carbon energy and sustainable feedstocks. News about Green Plains often highlights developments in its ethanol production, agribusiness and energy services segments, as well as progress on carbon reduction initiatives.
Investors following GPRE news can expect regular updates on financial results, including quarterly earnings releases and conference call announcements, where the company discusses segment performance, ethanol volumes, crush margins and the impact of programs such as the 45Z clean fuel production tax credit. Green Plains also issues news on capital structure actions, such as exchange and subscription transactions for its Convertible Senior Notes and related share repurchases.
Another key news theme is carbon capture and storage (CCS). The company has reported the startup and operation of CCS equipment at its Nebraska facilities in York, Central City and Wood River, and the capture and permanent sequestration of biogenic CO2 via the Trailblazer pipeline to a sequestration hub in southeast Wyoming. These updates illustrate how Green Plains integrates CCS into its low-carbon platform and tax credit strategy.
Corporate governance and leadership changes are also covered in Green Plains’ news, including the appointment of a Chief Executive Officer, Chief Financial Officer and General Counsel and Secretary. In addition, transaction-related announcements, such as the sale of the Tennessee ethanol plant and related balance sheet effects, provide insight into portfolio optimization decisions. For a comprehensive view of GPRE’s evolving strategy, operations and financing, readers can review the ongoing stream of press releases and regulatory news items associated with the company.
Green Plains Inc. (NASDAQ:GPRE) announced the pricing of a public offering of common stock amounting to $152.0 million at $32.00 per share, up from a previously planned $150.0 million offering. The estimated net proceeds to the company are around $143.3 million after expenses. A 30-day option is granted to underwriters to purchase an additional 712,500 shares. The funds will be directed towards growth investments aimed at accelerating downstream development opportunities. The offering is set to close on August 9, 2021.
Green Plains Inc. (NASDAQ:GPRE) announced a public offering of $150 million in common stock, with an additional $22.5 million available for over-allotments. The proceeds will primarily fund growth investments aimed at enhancing downstream development opportunities. Jefferies and BofA Securities serve as joint book-running managers for the offering. This offering aligns with Green Plains’ strategy to leverage fermentation and biological technologies, reinforcing its commitment to sustainable practices in biorefining.
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 MSCTM 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 MSCTM 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.
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