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) 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.
Green Plains Inc. (NASDAQ:GPRE) announced that Todd Becker, CEO, will participate in a fireside chat at the Jefferies Industrials Conference in New York City on August 9, 2022, at 2 p.m. Eastern Time. The company will also hold meetings with institutional investors during the event.
Conference materials, a live webcast, and a replay will be available on the Investors page of Green Plains’ website.
Green Plains Inc. (NASDAQ:GPRE) will announce its second quarter 2022 financial results on August 2, 2022, before the market opens. A joint conference call with Green Plains Partners LP (NASDAQ:GPP) is scheduled for 11 a.m. ET to discuss the results and future outlook. Interested participants are encouraged to pre-register for dial-in details. Green Plains Inc. focuses on developing sustainable value-added ingredients, including low carbon biofuels and high purity alcohols, while holding a significant stake in Green Plains Partners LP, a provider of fuel storage and transportation services.
Green Plains Inc. (NASDAQ: GPRE) announced its plan to redeem all outstanding 4.00% Senior Convertible Notes due 2024, amounting to $64.0 million. The redemption will occur on July 11, 2022, at 100% of the principal plus accrued interest. Holders can convert the notes into Green Plains common stock at a conversion rate of 66.4178 shares per $1,000 principal until July 8, 2022. As of May 25, 2022, the stock closed at $32.55, indicating potential value for investors considering conversion.
Green Plains Inc. has announced a joint venture with Riverence Group to expand aquafeed production in Idaho, focusing on trout and salmon feeds. This partnership will utilize sustainable, low-carbon ingredients, including a recently developed 60%+ fermented protein product. Green Plains is contributing capital and ingredient services, while Riverence provides existing assets to meet rising aquaculture demand in North America. Operational by 2023, this collaboration aims to enhance sustainability in seafood production and supports the growing market for quality aquafeeds.
Green Plains Inc. (NASDAQ:GPRE) will have its President and CEO, Todd Becker, participating in a fireside chat at the 17th Annual BMO Capital Markets Global Farm to Market Conference on May 19, 2022, at 10:15 a.m. Eastern time in New York City. The event will be available for live streaming and replay on the Investors page of the Green Plains website. Green Plains Inc. focuses on biorefining and sustainable production of low carbon biofuels, renewable feedstocks, and high purity alcohols, aiding in the global protein demand through innovative animal and aquaculture diets.
Green Plains reported a net loss of $61.5 million or ($1.16) per diluted share for Q1 2022, a significant drop from a loss of $6.5 million in the same quarter of 2021. Despite revenues rising to $781.4 million from $553.6 million, adjusted EBITDA fell to ($27.8) million from $15.4 million last year. The consolidated crush margin was ($0.07) per gallon, influenced by industry overproduction and shipping delays. However, the outlook for 2022 brightens with improving margins and successful plant modernization, positioning the company for stronger future performance.
Fluid Quip Technologies, owned by Green Plains Inc. (NASDAQ: GPRE), has launched DCO+™, a cutting-edge technology for increasing low-carbon renewable corn oil recovery in biofuel facilities. A recent demonstration at Green Plains Wood River achieved a significant yield of 1.4 pounds per bushel. DCO+™ can enhance overall corn oil production by up to 40%. This innovation is designed for independent plants seeking efficient revenue solutions in the growing renewable diesel sector, promising benefits such as reduced organic acids and performance guarantees.
