Green Plains, Inc. - GPRE STOCK NEWS

Green Plains Inc. (NASDAQ:GPRE) and Green Plains Partners LP (NASDAQ:GPP) will announce their first quarter 2023 financial results on May 4, 2023, before the market opens. A joint conference call is scheduled for 9 a.m. Eastern time to discuss performance and future outlook. Investors can access the call by calling 888.210.4215 or 646.960.0269. Green Plains Inc. is a biorefining company specializing in sustainable biofuels and value-added ingredients from renewable crops. The company also holds a 48.8% limited partner interest in Green Plains Partners LP, which focuses on fuel storage and transportation services.

Green Plains Partners LP (NASDAQ:GPP) has announced a quarterly cash distribution of $0.455 per unit, amounting to $1.82 on an annualized basis, for Q1 2023. This distribution will be payable on May 12, 2023, to unit holders of record by the close of business on May 5, 2023. The press release also serves as a qualified notice to brokers regarding tax withholding obligations for non-U.S. investors, indicating that 100% of distributions to foreign investors will be subject to U.S. federal income tax withholding at the highest applicable rate. Green Plains Partners is a Delaware limited partnership focused on providing fuel storage and transportation services for ethanol and related assets.

Green Plains Inc. (NASDAQ: GPRE) announced the retirement of Wayne Hoovestol, Chairman of the Board, effective at the Annual Meeting on May 9. Hoovestol has served on the Board since 2006 and as Chairman since 2008. This retirement aligns with the company's board refreshment initiative, reducing the Board from nine to eight directors. Hoovestol expressed gratitude for his experience and is optimistic about the company's transformation under new leadership. Green Plains is focused on biofuel production, renewable feedstocks, and sustainable ingredients, holding a significant interest in Green Plains Partners LP (NASDAQ: GPP).

Green Plains Inc. (NASDAQ:GPRE) announced that CEO Todd Becker will engage in a fireside chat at the 35th Annual ROTH Conference on March 14, 2023, at 1:30 p.m. Eastern Time. The event will be accessible via live webcast and replay on the Investors page of Green Plains' website.

Green Plains is a prominent biorefining company that focuses on sustainable production of low carbon biofuels, renewable feedstocks, and high purity alcohols. The company also holds a 48.8% limited partner interest and a 2.0% general partner interest in Green Plains Partners LP (NASDAQ:GPP).

Green Plains Inc. (NASDAQ: GPRE) will attend the Credit Suisse 28th Annual Energy Summit on February 27-28 and the Bank of America 2023 Global Agriculture and Materials Conference on March 2. Todd Becker, President and CEO, will speak during a fireside chat at the latter event at 3:50 p.m. Eastern Time. Conference materials and webcasts can be found on the Investors page of Green Plains’ website at https://investor.gpreinc.com/events-presentations. Green Plains focuses on biorefining and producing sustainable ingredients from renewable crops, including low carbon biofuels and high purity alcohols.

Green Plains Partners LP (NASDAQ:GPP) reported its Q4 2022 results with a net income of $9.6 million ($0.41 per common unit), and full-year net income of $40.7 million ($1.72 per common unit). Adjusted EBITDA for Q4 was $12.7 million, while full-year adjusted EBITDA reached $51.2 million. Distributable cash flow for Q4 was $10.7 million, with a coverage ratio of 0.99x. The partnership declared a quarterly cash distribution of $0.455 per unit, amounting to $10.8 million. Significant increases in storage and throughput services were noted, with revenues rising by $1.9 million year-over-year.