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 diversified commodity-processing company specializing in ethanol production and its byproducts. As the second-largest ethanol producer globally, with 17 dry mill plants, the company has the capacity to generate nearly 1.5 billion gallons of ethanol annually. Green Plains' operations are segmented into three main areas: ethanol production, agribusiness and energy services, and partnership with Green Plains Partners LP (NASDAQ: GPP).
The ethanol production segment is the cornerstone of Green Plains' business, encompassing the production of ethanol, distillers grains, Ultra-High Protein, and renewable corn oil. This segment is the primary revenue generator for the company. The agribusiness and energy services segment includes grain handling and storage, commodity marketing, and merchant trading. Green Plains manages both company-produced and third-party commodities like ethanol, distillers grains, Ultra-High Protein, and renewable corn oil, as well as natural gas and other commodities.
Green Plains also has a significant interest in Green Plains Partners LP (NASDAQ: GPP), owning a 62.5% limited partner interest and a 2.0% general partner interest. This partnership focuses on offering fuel storage and transportation services through its network of ethanol and fuel storage tanks, terminals, and transportation assets.
Recent achievements include advancements in Ultra-High Protein technology and strategic collaborations aimed at enhancing the production and market reach of renewable fuels. The company's ongoing projects reflect its commitment to sustainability and renewable energy, positioning Green Plains as a leader in the green fuel sector.
- Core Business: Ethanol production, distillers grains, renewable corn oil
- Significant Assets: 17 dry mill plants, fuel storage and transportation infrastructure
- Recent Achievements: Advances in Ultra-High Protein technology
- Partnerships: Green Plains Partners LP
- Financial Condition: Strong revenue generation from core segments
By focusing on innovation and sustainability, Green Plains, Inc. continues to play a significant role in the renewable energy sector, contributing to a greener future.
Green Plains Inc. (NASDAQ:GPRE) announced significant advancements in protein production at its Wood River biorefinery, achieving over 60% protein concentration using Fluid Quip Technologies’ MSC™ system. The trial produced protein yields averaging 61.4% over 16 days, with a record of 4 pounds per bushel. Additionally, renewable corn oil production reached 1.4 pounds per bushel, exceeding prior targets by 75%. The company is focused on market validation across various species and aims to enhance the nutritional value of its products while establishing long-term customer relationships.
Green Plains Inc. (NASDAQ:GPRE) and Green Plains Partners LP (NASDAQ:GPP) will report their first quarter 2022 financial results before market opening on May 2, 2022. A joint conference call will follow at 11 a.m. Eastern time to discuss performance and future outlook. Participants can join the call by calling 877.711.2374 (domestic) or 281.542.4862 (international), using conference ID 4449669. This event will also be accessible through their respective websites for additional insights.
Green Plains Inc. (NASDAQ:GPRE) announced that Todd Becker, President and CEO, will present at the 34th Annual ROTH Conference on March 14, 2022, at 6 p.m. EDT. The presentation will be available via live webcast and replay on the company's Investors page.
Green Plains is a leader in biorefining, focusing on renewable crops, low carbon biofuels, and high purity alcohols. The company also produces Ultra-High Protein for animal and aquaculture diets, and holds a significant interest in Green Plains Partners LP.
Green Plains Inc. (NASDAQ:GPRE) will participate in three key upcoming conferences. The events include the Baird Sustainability Conference on February 23, Credit Suisse 27th Annual Energy Summit on February 28 and March 1, and the Bank of America 2022 Global Agriculture and Materials Conference on March 3. President and CEO Todd Becker will join discussions during these events at specific times: 9:40 AM EST, 4:45 PM EST, and 8:50 AM EST, respectively. Further details and materials will be accessible on the company’s Investors page.
Fluid Quip Technologies, a subsidiary of Green Plains Inc (NASDAQ:GPRE), has acquired a significant portfolio of patents from AB Agri, aimed at enhancing biofuels technology. This acquisition includes U.S. Patent Nos. 9,066,531 and 9,963,671, focused on efficient protein separation from dry-grind ethanol production. The expanded patent family covers multiple regions, including the U.S., Canada, Australia, and EU markets. This strategic move highlights FQT's commitment to developing innovative solutions in the biofuels sector and enhancing revenue diversity.
Green Plains reported a fourth-quarter EPS loss of ($0.18) per diluted share, improving from a loss of ($1.43) per share a year prior. Full-year EPS was ($1.41), compared to ($3.14) in 2020. Fourth-quarter revenues surged to $802.3 million from $478.8 million. Adjusted EBITDA climbed to $32.0 million, up from $9.4 million a year earlier. The company highlighted significant advances in its protein technology and plans for a commercial Clean Sugar Technology™ system. With $685.8 million in liquidity, Green Plains aims to capitalize on rising global demand for protein and renewable oil.
Ancora Holdings Group LLC, the second largest shareholder of Green Plains Inc. (NASDAQ: GPRE), announced its satisfaction with the Board's decision to propose declassifying its Board of Directors at the upcoming 2022 Annual Meeting of Shareholders. Chairman and CEO Frederick D. DiSanto highlighted that the declassification reflects shareholder input and governance updates. This initiative is seen as a way to enhance transparency and engagement, building on momentum from the previous year, signaling a potential positive shift in governance that could impact shareholder confidence.
Green Plains Inc. (NASDAQ: GPRE) announced plans to declassify its Board of Directors, following a recent change in Iowa law that allows such a move. A proposal will be presented to shareholders at the Annual Meeting in May 2022, signaling a commitment to enhanced corporate governance and shareholder rights. If approved, the declassification will start with directors up for election in 2023. This initiative follows consultations with top shareholders and reflects Green Plains' proactive approach to governance reform.
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