| Metric | Value ($ M) | Q1 FY25 |
|---|---|---|
| Revenue | 42.70 | 19.1% |
| Total Income | 42.70 | 19.1% |
| Expenditure | 401.03 | 39.6% |
| PBT | 36.36 | 150.7% |
| Net Profit | 32.94 | 145.2% |
| OPM | 100.00% | |
| NPM | 77.14% | |
| EPS | 0.48 | 142.1% |
Green Plains Reports Q1 2026 Net Income of $32.9 Million
07 May 2026 · 7 May, 4:32 pm
Summary
Green Plains Inc. announced financial results for the first quarter of 2026, with net income attributable to the company at $32.9 million, or $0.42 per diluted share, compared to a net loss of $(72.9) million in the same period of 2025. Revenues for the quarter were $445.8 million, down from $601.5 million in the prior year. Adjusted EBITDA was $71.5 million, inclusive of $55.2 million from 45Z production tax credits. The company is raising its EBITDA guidance to $200 to $225 million associated with the generation of production tax credits.
Key Highlights
- 1
Green Plains reported a net income attributable to the company of $32.9 million, or $0.42 per diluted share, for the first quarter of 2026.
- 2
Adjusted EBITDA was $71.5 million, including $16.3 million from the base business and $55.2 million in 45Z production tax credit value, net of discounts and other costs.
- 3
The company achieved strong utilization in the quarter from the eight operating ethanol plants of 97%.
- 4
Selling, general and administrative expenses decreased to $19.5 million for the first quarter of 2026 compared to both the prior quarter and first quarter of 2025.
- 5
Revenues were $445.8 million for the first quarter of 2026 compared with $601.5 million for the same period last year.
- 6
The consolidated ethanol crush margin was $64.6 million for the first quarter of 2026, compared with ($14.7) million for the same period in 2025.
Management Comments
Chris Osowski
“The first quarter marked a meaningful inflection point compared to where the business stood a year ago. Our plants ran at a high level, ethanol margins improved, our co-products performed well, and our carbon program contributed significantly to earnings for the first full quarter with all three Nebraska facilities online.” “Based on our first quarter performance and updated outlook for the remainder of the year, we are raising our guidance to $200 to $225 million of EBITDA associated with the generation of production tax credits.”
Ann Reis
“The financial foundation of the business is in a meaningfully better place than it was a year ago. Expenses continue to trend lower and the balance sheet gives us flexibility to invest in the business while maintaining strong liquidity. With our focus on operational excellence combined with the earnings from carbon we believe the company is well positioned for sustainable cash flow generation through the remainder of the year.”
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