Green Plains Inc

GPRE

Equity

ISIN US3932221043 / Valor 2028670

NASDAQ (2024-12-24)

USD 9.21+0.88%

Green Plains Inc
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About company

Green Plains Inc is a leading ag-tech company that focuses on new technologies and strategic partnerships to become a low-cost biorefinery and a large-scale producer of high-protein ingredients. The company has innovative production technology operational at multiple locations, with a strong emphasis on transforming annually renewable crops into sustainable, high-value ingredients. Green Plains has significantly expanded its footprint beyond biofuel production through strategic acquisitions and investments, vertically integrating the company up and down the agricultural value chain. Founded in 2007 in Shenandoah, Iowa, Green Plains has grown rapidly under the leadership of President and CEO Todd Becker to become one of the largest biofuel producers globally.

Summarized from source with an LLMView SourceSector: Energy

Net Loss Reduction

Green Plains Inc. reported a net loss of $51.4 million, or ($0.81) per diluted share, for the first quarter of 2024. This is an improvement compared to the net loss of $70.3 million, or ($1.20) per diluted share, for the same period in 2023.

Revenue Decline

Revenues for Green Plains Inc. in the first quarter of 2024 were $597.2 million, a decrease from $832.9 million in the first quarter of 2023. The decline was primarily due to lower weighted average selling prices on ethanol, distillers grains, and renewable corn oil.

EBITDA Improvement

Green Plains Inc. reported an EBITDA of ($21.5) million for the first quarter of 2024, compared to ($27.7) million for the same period in the prior year. The improvement was mainly due to higher margins in the ethanol production segment.

Ethanol Production and Sales

During the first quarter of 2024, Green Plains Inc.'s ethanol production segment sold 207.9 million gallons of ethanol, slightly up from 206.9 million gallons in the same period of 2023. The consolidated ethanol crush margin was ($9.3) million, compared to ($12.5) million in the first quarter of 2023.

Outlook and Margins

Green Plains Inc. noted that margins have improved from the first quarter lows and the forward curve looks better for the rest of the year. The company anticipates that driving demand will pick up during the summer driving season, which should help draw down stocks and improve margins further.

Summarized from source with an LLMView Source

Key figures

-63.9%1Y

-74.3%3Y

-41.1%5Y

Performance

53.6%1Y

54.0%3Y

68.9%5Y

Volatility