Green Plains Stock Price, News & Analysis

Green Plains Partners LP (NASDAQ:GPP) declared a quarterly cash distribution of $0.455 per unit for Q4 2022, translating to an annualized rate of $1.82 per unit. This distribution is set for payment on February 10, 2023, to unitholders on record as of February 3, 2023. Additionally, all distributions to foreign investors will be subject to U.S. federal income tax withholding at the highest effective rate, as they relate to income connected with U.S. trade or business.

Green Plains (NASDAQ: GPRE), Tallgrass, and Osaka Gas USA have launched a joint feasibility study to produce up to 200,000 tons per year of synthetic methane in the U.S. Midwest. This project aims to utilize low-carbon hydrogen and biogenic CO2 captured from Green Plains' ethanol biorefineries, with a completion target in mid-2023. The initiative supports decarbonization efforts and aligns with Japan's goal to replace 90% of city gas with e-methane by 2050. This collaboration is expected to enhance clean energy production and CO2 reduction.

Green Plains Inc. (NASDAQ:GPRE) announced that CEO Todd Becker will participate in a fireside chat at the Stephens Annual Investment Conference on November 16, 2022, at 4 p.m. ET. The company will also engage in meetings with institutional investors during the event. Conference materials will be accessible on the company's Investors page. Green Plains is a leader in biorefining, focusing on renewable agricultural products, cleaner biofuels, and high-purity alcohols used in various industries. More information is available on their website.

Green Plains reported a net loss of $73.5 million, or $(1.27) per share, for Q3 2022, compared to a loss of $59.6 million, or $(1.18) per share, in Q3 2021. Revenues increased to $955 million from $746.8 million, driven by record high corn basis levels and improved sales volumes in pet food and aquaculture. Despite higher revenues, EBITDA fell to $(35.6) million from $(16.6) million, impacted by weak ethanol margins and maintenance costs at plants. The company remains optimistic for Q4 with improved margins expected. Cash reserves stood at $512.4 million, supporting future growth initiatives.

Green Plains Inc. (NASDAQ:GPRE) announced it will release its third quarter 2022 financial results on November 3, 2022, before market opening. The company will also conduct a joint conference call at 9 a.m. Eastern time to discuss its performance and outlook. Shareholders and interested parties are encouraged to pre-register for the call, which will be available via webcast on the company's and Green Plains Partners LP's websites. Green Plains is focused on biorefining and producing low-carbon biofuels and sustainable feedstocks.

Green Plains Inc. (NASDAQ:GPRE) announced executive leadership changes aimed at driving transformation within the company. Patrich Simpkins will transition from Chief Financial Officer to Chief Transformation Officer, leading a comprehensive organizational transformation initiative. Jim Stark steps in as Chief Financial Officer, while Jamie Herbert and Grant Kadavy join as Chief Human Resources Officer and Executive Vice President of Commercial Operations, respectively. These appointments are expected to enhance the company’s operational efficiency and strategic focus.

Green Plains Inc. (NASDAQ:GPRE), along with Tallgrass and Pacific Northwest National Laboratory (PNNL), has secured funding from the U.S. Department of Energy to enhance sustainable aviation fuel (SAF) technology. This grant aims to optimize catalysts for converting ethanol into SAF, a critical step toward scalability. Green Plains and Tallgrass hold exclusive licensing options for the PNNL technology, aiming to commercialize SAF from cellulosic and corn ethanol. The collaboration supports the clean energy economy and positions Green Plains as a leader in SAF commercialization.

Green Plains reported a net income of $46.4 million and an earnings per share (EPS) of $0.73 for Q2 2022, a significant increase from $9.7 million and $0.20 in Q2 2021. Total revenues rose to $1,012.4 million, up 39.8% year-over-year. The company’s EBITDA was $84.4 million, influenced by a $27.7 million USDA COVID-19 relief. Plant utilization reached 96.9%, showcasing operational efficiency. Green Plains also reported strong customer engagement and plans for further expansion with projects in Iowa and North Dakota.