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. (GPRE) operates at the intersection of agriculture and renewable energy as a leader in ethanol production and diversified commodity processing. This news hub provides investors and industry professionals with centralized access to official announcements, financial updates, and strategic developments.
Track key business activities through press releases covering quarterly earnings, sustainability initiatives, and operational expansions. Our curated collection ensures timely updates on GPRE's grain storage innovations, cattle feedlot operations, and logistics partnerships that drive market performance.
Discover how Green Plains navigates commodity markets while advancing clean energy solutions. Bookmark this page for direct access to verified information on production milestones, regulatory compliance updates, and value-driven partnerships shaping the agribusiness sector.
Green Plains Inc. (NASDAQ:GPRE) reported a net loss of $34.5 million, or $(1.00) per diluted share, for Q3 2020, including a non-cash tax charge of $13.8 million. Revenues fell to $424.1 million from $632.4 million year-over-year. Adjusted EBITDA increased to $8.8 million. The company anticipates a stronger Q4 driven by improved market conditions and the completion of its USP upgrade at York. It also selected its Obion facility for ultra-high protein technology, expecting production by late 2021, with an investment of approximately $60 million.
Green Plains (NASDAQ: GPRE) has partnered with Japan's Hayashikane Sangyo to enhance aquaculture markets. This collaboration aims to provide innovative feed solutions based on Hayashikane's proprietary technology, particularly focusing on recirculating aquaculture systems (RAS) in North America. The partnership aligns with Green Plains’ strategy to develop value-added, ultra-high protein ingredients for fish feed. This initiative is not only expected to boost Green Plains’ position in the aquaculture industry but also emphasizes its commitment to sustainable practices and technological advancements.
Green Plains Inc. (NASDAQ:GPRE) has sold its remaining 50% stake in Green Plains Cattle Company LLC for approximately $80 million, effective October 1, 2020. This strategic move has added $96 million to their liquidity, aiming to redirect capital towards a technology-focused biorefining platform that produces high-value, sustainable ingredients. Over the past six years, Green Plains Cattle Company grew to become the fourth largest cattle feeder in the U.S. The transaction supports their goal to enhance their high-protein technology initiative, facilitating nearly $225 million in total liquidity for the company.
Green Plains Inc. (NASDAQ:GPRE) plans to release its third quarter 2020 financial results on November 4, 2020, and will host a conference call on November 5, 2020, at 11 a.m. ET. The call will discuss Q3 performance and future outlook. Interested parties can participate by calling designated numbers or accessing the call via the company's website. Green Plains is a leading corn processor focusing on sustainable biofuels and high-protein feed ingredients. The company holds significant interests in Green Plains Cattle Company and Green Plains Partners LP.
Green Plains Inc. (NASDAQ:GPRE) appointed Kimberly A. Wagner as an independent director effective October 1, 2020. Wagner brings over 20 years of experience in agribusiness, food, and ingredient companies, focusing on strategy and innovation. She is the founder of TBGD Partners and has held executive roles at Flagship Pioneering and CIBO Technologies. This addition to the board aims to advance the company's sustainable protein production and novel ingredients to meet global nutritional demands, as stated by CEO Todd Becker.
Green Plains Inc. (NASDAQ: GPRE) has begun constructing a high protein production facility at its Wood River site, utilizing Fluid Quip Technologies’ MSC™ technology. This expansion is part of the company’s transformation into a sustainable agricultural biorefinery. The facility is projected to generate about 80,000 tons of ultra-high protein feed annually by Q2 2021, with a total investment of $50 million. This project will double Green Plains' high protein feed capacity, enhancing its market capability and responding to the rising global demand for sustainable protein ingredients.
Green Plains Inc. (NASDAQ: GPRE) announced the groundbreaking of a high protein production facility at its Wood River location, utilizing Fluid Quip Technologies' MSC™ technology. This facility is expected to produce 80,000 tons of ultra-high protein feed annually starting in Q2 2021, representing a capital investment of $50 million. The project aims to double the company’s high protein capacity, enhancing margins by 15 to 20 cents per gallon initially. The company emphasizes its commitment to sustainable protein production to meet rising global nutritional demands.
Green Plains (GPRE) announced the closing of a $75 million term loan facility with MetLife Investment Management, maturing in 2035. The funds will support the construction of high protein technology at Green Plains Wood River LLC and another future site. The loan has a fixed interest rate of 5.02% and is expected to be drawn over the next 18 months. This financing aligns with the company's strategy to produce high-value ingredients, enhancing profit potential and catering to the rising demand for sustainable proteins.
Green Plains Inc. (NASDAQ: GPRE) successfully had a lawsuit dismissed by the US District Court for the Central District of Illinois. The suit, filed in January 2020 by Marquis ProCap Systems, lacked substantial evidence, leading the Court to determine that the plaintiff did not present a case consistent with legal standards. CEO Todd Becker expressed relief at the decision, criticizing the lawsuit as a frivolous endeavor that wasted company resources.
Green Plains Inc. (NASDAQ:GPRE) reported a net loss of $8.2 million or $(0.24) per diluted share for Q2 2020, an improvement from a net loss of $45.3 million in Q2 2019. Revenue fell to $418.0 million from $630.6 million year-over-year, primarily due to reduced production volumes. However, adjusted EBITDA improved to $17.9 million, driven by high-quality alcohol sales and a record contribution from Green Plains Cattle Company. The company completed over 55% of its Project 24 initiatives, aiming for reduced operational costs and a lower carbon footprint.
