Green Plains Inc. Q2 FY26 Results

Summary

Green Plains Inc. announced strong second quarter 2026 financial results, with net income attributable to the company reaching $67.1 million, or $0.83 per diluted share, a significant turnaround from a net loss in the prior year. Adjusted EBITDA surged to $93.3 million from $16.4 million year-over-year, bolstered by operational improvements and 45Z production tax credits. While revenues decreased to $446.2 million due to lower volumes and asset disposition, the company saw a substantial increase in its consolidated ethanol crush margin to $95.1 million. Management highlighted the quarter's performance as a demonstration of the platform's earnings capability, driven by operational excellence, improved ethanol economics, and a strong low-carbon platform.

Key Highlights

1. 1

   Green Plains reported a net income of $67.1 million, or $0.83 per diluted share, for the second quarter of 2026, a significant improvement from a net loss of $72.2 million or $(1.09) per diluted share in the prior year period.

2. 2

   Adjusted EBITDA for the second quarter of 2026 was $93.3 million, a substantial increase from $16.4 million in the same period of 2025, driven by base business operations and 45Z production tax credits.

3. 3

   Revenues for the second quarter of 2026 were $446.2 million, a decrease from $552.8 million in the same period last year, primarily due to lower volumes sold and the disposition of the Obion, Tennessee plant.

4. 4

   The consolidated ethanol crush margin significantly strengthened to $95.1 million for the second quarter of 2026, compared to $26.3 million for the same period in 2025.

5. 5

   Selling, general and administrative expenses were lowered by $5.9 million or 21% to $21.7 million for the second quarter of 2026 compared to the second quarter of 2025.

6. 6

   The Superior, Iowa facility achieved Highly Protected Status, joining the Central City, Nebraska facility, highlighting safety and operational milestones.