Quarterly ResultMay 7, 2026, 07:02 AM
Green Plains Q1 Net Income $32.9M; EPS $0.42; Adjusted EBITDA $71.5M
AI Summary
Green Plains Inc. reported a significant turnaround in its first quarter 2026 financial results, achieving net income of $32.9 million, or $0.42 per diluted share, compared to a net loss in the prior year. Adjusted EBITDA reached $71.5 million, largely driven by $55.2 million in 45Z production tax credits. The company also early adopted a new accounting standard (ASU 2025-10) for these tax credits, reclassifying their recognition. Based on strong performance, Green Plains raised its full-year EBITDA guidance related to production tax credits to $200-$225 million.
Key Highlights
- Net income attributable to Green Plains was $32.9 million, up from a $(72.9) million net loss in Q1 2025.
- Diluted EPS was $0.42, a significant improvement from $(1.14) in Q1 2025.
- Adjusted EBITDA reached $71.5 million, including $55.2 million from 45Z production tax credits.
- Revenues decreased to $445.8 million from $601.5 million in Q1 2025.
- Ethanol production segment gross margin improved to $71.7 million from $(5.7) million in Q1 2025.
- The company early adopted ASU 2025-10 for Section 45Z clean fuel tax credits, reclassifying them to reduce cost of goods sold.
- Raised full-year EBITDA guidance from production tax credits to $200-$225 million.
- Total cash and cash equivalents were $183.1 million, with $336.0 million available under a revolving credit facility.