Quarterly ResultMay 7, 2026, 04:42 PM
Green Plains Q1 Net Income $32.9M; EPS $0.42 vs $(1.14) Loss
AI Summary
Green Plains Inc. reported a net income of $32.9 million, or $0.42 diluted EPS, for the first quarter of 2026, a significant improvement from a net loss of $72.9 million, or $(1.14) diluted EPS, in the prior year period. Total revenues decreased to $445.8 million from $601.5 million year-over-year. The company early adopted new accounting guidance for government grants, recognizing $65.6 million in Section 45Z clean fuel production tax credits as a reduction of cost of goods sold, which significantly impacted the results.
Key Highlights
- Net income attributable to Green Plains was $32.9 million, up from a $(72.9) million loss YoY.
- Diluted earnings per share improved to $0.42 from a $(1.14) loss in the prior year.
- Total revenues for the quarter decreased to $445.8 million from $601.5 million YoY.
- Operating income swung to $44.8 million from an operating loss of $(62.3) million YoY.
- Ethanol production segment gross margin was $71.7 million, up from $(5.7) million loss YoY.
- Agribusiness and energy services gross margin increased to $16.2 million from $8.7 million YoY.
- Recognized $65.6 million in Section 45Z production tax credits as a reduction of cost of goods sold.
- Early adopted ASU 2025-10, changing accounting for Section 45Z clean fuel production tax credits.
Price Impact
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