Green Plains Inc.

Green Plains Inc. reported strong financial results for the second quarter of 2026, achieving net income attributable to the company of $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, largely driven by improved ethanol economics and $58.7 million from 45Z production tax credits. The company also demonstrated operational efficiency by reducing selling, general and administrative expenses by 21% and generating $86.3 million in cash flow from operating activities.

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.

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.

Green Plains Inc. announced its 2026 Annual Meeting of Shareholders to be held on June 5, 2026, where shareholders will vote on the election of nine directors, an amendment to the 2019 Equity Incentive Plan to increase available shares, auditor ratification, and executive compensation. The company highlighted 2025 as a year of significant progress, including the appointment of Chris Osowski as President and CEO, the refreshment of its Board with three new independent members, the sale of its Obion plant for $170 million to reduce $130.7 million in junior mezzanine debt, and the successful startup of carbon capture systems at three Nebraska facilities.

Green Plains Inc. filed its Definitive Proxy Statement for the 2026 Annual Meeting of Shareholders, scheduled for June 5, 2026. Shareholders will vote on the election of nine directors, an amendment to the 2019 Equity Incentive Plan to increase available shares, ratification of KPMG as auditors, and an advisory vote on executive compensation. The company highlighted 2025 achievements including bringing carbon capture systems online at three Nebraska facilities, record ethanol yields, and a corporate reorganization. The Board was refreshed with three new independent members and a new President and CEO, Chris Osowski, was appointed in August 2025.

Green Plains Inc. announced a Second Amendment to its Loan and Security Agreement, effective April 17, 2026. The amendment reduces the Aggregate Revolving Loan Commitment from $350 million to $300 million. Concurrently, the Scheduled Termination Date for the loan has been extended from March 25, 2027, to September 25, 2027. This modification impacts the company's available credit and debt maturity schedule.