Green Plains : First Quarter 2025 Results

Published: 2025-05-08 09:27:09 ET GPRE

Published on 05/08/2025 at 09:27

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Results of Operations

Net loss attributable to Green Plains of $72.9 million, or EPS of $(1.14) per diluted share

Adjusted EBITDA of $(24.2) million

Cash and cash equivalents, and restricted cash of $126.6 million and $204.5 million available under a committed credit facility

Production Segment

195.3 million gallons of ethanol, with production at 100% of capacity (excluding Fairmont)

417 thousand tons of distillers grains (dry equivalent)

68 thousand tons of Ultra-High Protein

64.3 million pounds of renewable corn oil

Processed 66.3 million bushels of corn

Consolidated ethanol crush margin was $(14.7) million

Commenced construction on compression infrastructure for our carbon capture and storage initiative in Nebraska, keeping the project on track for start-up in the fourth quarter of 2025

Selected Eco-Energy, LLC as our ethanol marketer in April 2025 to deliver scale, optimize value and improve supply chain efficiency

Achieved strong utilization in the quarter from the nine operating ethanol plants of 100%

Executed on a corporate reorganization cost reduction initiative, significantly reducing ongoing expenses

Created an Executive Committee to lead the company during the search for a new CEO

Entered into a Cooperation Agreement with Ancora Holdings Group, LLC, and announced the refreshment of the Board of Directors through appointments of three independent new Board members

Extended the maturity on our $125 million Mezzanine Notes

Entered into an agreement with Ancora Holdings Group, LLC for a $30 million secured revolving credit facility

(in thousands)

For the three months ended March 31,

2025

2024

Ethanol production

Ethanol (gallons)

195,328

207,904

Distillers grains (equivalent dried tons)

417

469

Ultra-High Protein (tons)

68

60

Renewable corn oil (pounds)

64,263

66,721

Corn consumed (bushels)

66,264

71,274

Agribusiness and energy services (1)

Ethanol (gallons) 255,721 257,271

(1) Includes gallons from the ethanol production segment.

Disclaimer

Green Plains Inc. published this content on May 08, 2025, and is solely responsible for the information contained herein. Distributed via Public Technologies (PUBT), unedited and unaltered, on May 08, 2025 at 13:26 UTC.