Ethanol Production and Utilization - In Q3 2024, the company maintained an average utilization rate of approximately 96.8%, resulting in ethanol production of 220.2 million gallons, compared to 223.4 million gallons in Q3 2023[174]. - Domestic ethanol production averaged 1.07 million barrels per day in Q3 2024, a 3.1% increase from 1.04 million barrels per day in Q3 2023[176]. - U.S. domestic ethanol ending stocks increased by approximately 1.6 million barrels, or 7.2%, to 23.5 million barrels as of September 30, 2024[176]. - Domestic ethanol exports through August 31, 2024, were approximately 1,240 million gallons, up from 921 million gallons for the same period in 2023[177]. - Ethanol production segment revenues from external customers decreased by 27.2% to $563.564 million in Q3 2024 compared to $774.321 million in Q3 2023[195]. - Ethanol production segment revenues decreased by $210.9 million for Q3 2024 compared to Q3 2023, primarily due to lower selling prices of ethanol, distillers grains, and renewable corn oil[207]. Financial Performance - Overall revenues, including intersegment activity, declined by 26.0% to $666.499 million in Q3 2024 from $900.610 million in Q3 2023[195]. - The company reported a 27.6% decrease in total segment revenues for the nine months ended September 30, 2024, totaling $1.595741 billion compared to $2.202182 billion for the same period in 2023[195]. - Consolidated revenues decreased by $234.0 million for the three months ended September 30, 2024, primarily due to lower average selling prices and volumes sold in the ethanol production segment[205]. - For the nine months ended September 30, 2024, consolidated revenues decreased by $708.6 million compared to the same period in 2023, mainly due to lower selling prices of ethanol and distillers grains[212]. - Net income increased by $22.3 million for the three months ended September 30, 2024, primarily due to a gain on the sale of assets and higher margins in the ethanol production segment[206]. - Adjusted EBITDA increased by $10.4 million primarily due to higher margins in the ethanol production segment[206]. Capital Expenditures and Investments - Capital expenditures for the nine months ended September 30, 2024, were approximately $67.8 million, with an expected additional $110 million for carbon capture projects in 2024 and 2025[224]. - The company has contracted future purchases of grain, distillers grains, and natural gas valued at approximately $187.8 million as of September 30, 2024[239]. - Future commitments for storage and transportation are valued at approximately $26.3 million as of September 30, 2024[239]. Debt and Financial Obligations - The outstanding principal balance on the 2.25% convertible senior notes was $230.0 million as of September 30, 2024[229]. - The company anticipates maintaining compliance with debt covenants for the next twelve months based on current forecasts[228]. - Total senior secured revolving commitments amount to $350.0 million, with an accordion feature allowing an increase of up to $100.0 million, maturing in March 2027[234]. - As of September 30, 2024, the outstanding principal balance on the facility was $109.0 million with an interest rate of 8.11%[234]. - The company had $559.8 million in total debt as of September 30, 2024, with $123.1 million bearing variable interest rates[243]. Operational Highlights - The company produced approximately 430 thousand tons of Ultra-High Protein annually, utilizing FQT MSC™ technology at five biorefineries[164]. - The company is collaborating on carbon capture projects at seven biorefineries, with completion anticipated in the second half of 2025[168]. - The company has a grain storage capacity of approximately 20.2 million bushels in its agribusiness and energy services segment[163]. - The company expects to begin shipments from its first commercial scale FQT CST™ facility in Q4 2024, producing low carbon-intensity glucose and dextrose corn syrups[165]. Market and Regulatory Environment - The EPA finalized Renewable Volume Obligations (RVOs) for 2023 at 15.25 billion gallons, and 15 billion gallons for both 2024 and 2025[182]. - The IRA introduced a Clean Fuel Production Credit of $0.02 per gallon for fuels below a 50 CI threshold, effective from 2025 to 2027[181]. - The EPA proposed a modest increase in biomass-based diesel volumes, setting them at 2.82 billion gallons for 2023, 3.04 billion for 2024, and 3.35 billion for 2025[182]. - The One-Pound Waiver allows E15 to be sold year-round, with the exception of California, marking the sixth consecutive year of such sales[185]. - The USDA announced $50 million in initial awards for biofuel infrastructure, part of a $500 million funding initiative[186]. Shareholder Value and Strategic Initiatives - The company initiated a strategic review process in February 2024 to explore opportunities for enhancing long-term shareholder value[172]. - The company has a share repurchase program authorized for up to $200.0 million, with $92.8 million spent to repurchase 7.4 million shares since inception[226]. Miscellaneous - Interest expense was $10.1 million for the three months ended September 30, 2024, compared to $9.6 million for the same period in 2023, due to higher loan fees[206]. - The gross margin for ethanol production increased by 12.4% to $66,313 for the three months ended September 30, 2024, compared to $58,973 in 2023[197]. - Operating income for ethanol production increased by 47.3% to $35,240 for the three months ended September 30, 2024, compared to $23,931 in 2023[199]. - The cost of goods sold decreased by 29.0% to $580,626 for the three months ended September 30, 2024, compared to $818,008 in 2023[196]. - The company reported a depreciation and amortization expense of $26,070 for the three months ended September 30, 2024, an increase of 9.1% from $23,899 in 2023[198]. - The agribusiness and energy services segment reported a gross margin decrease of 25.3% to $11,796 for the three months ended September 30, 2024, compared to $15,789 in 2023[197]. - The company recognized a $30.7 million pretax gain on the sale of assets for the three months ended September 30, 2024[199]. - Net cash used in operating activities was $3.0 million for the nine months ended September 30, 2024, a significant improvement from $55.4 million in the same period of 2023[222]. - Revenues for the three months ended September 30, 2024, included net gains of $16.1 million from derivative financial instruments, while cost of goods sold included net losses of $4.2 million[246]. - Estimated total volume requirements for ethanol for the next 12 months is 903,000 gallons, with a 10% price change estimated to impact revenue by $98,304[248]. - A 10% increase in interest rates would affect the company's interest cost by approximately $1.2 million per year[243]. - The company has no off-balance sheet arrangements[241].

Group 1: Earnings Performance - Green Plains Renewable Energy (GPRE) reported quarterly earnings of $0.35 per share, exceeding the Zacks Consensus Estimate of $0.11 per share, and matching the earnings from the same quarter last year [1] - The earnings surprise for this quarter was 218.18%, contrasting with a previous quarter where a loss of $0.16 per share was expected, but the company reported a loss of $0.38, resulting in a surprise of -137.50% [2] - Over the last four quarters, the company has only surpassed consensus EPS estimates once [2] Group 2: Revenue Performance - For the quarter ended September 2024, Green Plains posted revenues of $658.74 million, which missed the Zacks Consensus Estimate by 0.11%, and represented a decline from year-ago revenues of $892.77 million [3] - The company has not been able to beat consensus revenue estimates over the last four quarters [3] Group 3: Stock Performance and Outlook - Green Plains shares have declined approximately 53.9% since the beginning of the year, while the S&P 500 has gained 21.9% [4] - The current consensus EPS estimate for the upcoming quarter is $0.14 on revenues of $651.47 million, and for the current fiscal year, it is -$1.04 on revenues of $2.51 billion [8] - The Zacks Industry Rank indicates that the Chemical - Specialty sector is currently in the bottom 33% of over 250 Zacks industries, suggesting potential challenges for stock performance [9]

Financial Performance - Net income attributable to Green Plains for Q3 2024 was $48.2 million, or $0.69 per diluted share, compared to $22.3 million, or $0.35 per diluted share in Q3 2023, representing a 116.5% increase in net income[1] - EBITDA for Q3 2024 was $83.3 million, up from $52.0 million in the same period last year, marking a 60.3% increase[1] - Revenues for the three months ended September 30, 2024, were $658,735, a decrease of 26.1% compared to $892,770 for the same period in 2023[27] - Operating income for the three months ended September 30, 2024, was $56,052, compared to $21,174 for the same period in 2023, representing a significant increase[27] - Adjusted EBITDA for the three months ended September 30, 2024, was $53,318, up from $42,932 in the same period of 2023, indicating a growth of 24.5%[30] - Total costs and expenses for the three months ended September 30, 2024, were $602,683, a decrease of 30.9% compared to $871,596 for the same period in 2023[27] - Net cash used in operating activities for the nine months ended September 30, 2024, was $(2,996), a significant improvement compared to $(55,386) for the same period in 2023[28] - The company reported a net change in cash and cash equivalents of $(126,802) for the nine months ended September 30, 2024, compared to $(134,116) for the same period in 2023[28] - Interest expense for the nine months ended September 30, 2024, was $25,369, down from $29,029 in the same period of 2023, reflecting a decrease of 12.9%[30] Production and Operational Metrics - Ethanol production segment sold 220.3 million gallons in Q3 2024, slightly down from 223.5 million gallons in Q3 2023[4] - Ethanol production for the three months ended September 30, 2024, was 220,299 gallons, a decrease of 1.4% compared to 223,469 gallons in the same period of 2023[12] - The plant utilization rate reached 97%, indicating strong operational performance[1] - The company produced 69 tons of Ultra-High Protein in Q3 2024, an increase of 13.1% from 61 tons in Q3 2023[12] - Renewable corn oil production increased by 3.8% to 77,074 pounds in Q3 2024 compared to 74,227 pounds in Q3 2023[12] Financial Position and Liquidity - Total cash and cash equivalents as of September 30, 2024, were $252.0 million, with total debt outstanding at $556.2 million[16] - Current liabilities decreased to $316,122 as of September 30, 2024, from $384,962 in the previous year[23] - Total assets as of September 30, 2024, were $1,759,954, down from $1,939,322 as of December 31, 2023[24] - The company had $228.5 million available under a committed revolving credit facility as of September 30, 2024[16] - The recent sale of the unit train terminal in Birmingham, Alabama allowed Green Plains to pay off higher-priced debt, enhancing its financial stability[2] - The company generated solid free cash from operations, improving its financial position and liquidity after Q3 2024[2] Strategic Initiatives and Future Outlook - Green Plains is on track to decarbonize 287 million gallons of capacity by next year, ahead of most industry peers[2] - The Clean Sugar Technology™ facility in Shenandoah, Iowa has commenced production, with samples sent to customers for evaluation[1] - The company anticipates future growth driven by new product development and market expansion strategies[20] Ethanol Crush Margin - The consolidated ethanol crush margin was $58.3 million in Q3 2024, compared to $52.9 million in Q3 2023, reflecting an increase of 4.5%[4] - Adjusted ethanol production operating income for the three months ended September 30, 2024, was $56,684, compared to $46,527 in 2023, reflecting a significant increase[14] - The consolidated ethanol crush margin for the three months ended September 30, 2024, was $58,291, up from $52,947 in the same period of 2023[14]

The Zacks Consensus Estimate for Ecolab's current-year earnings is pegged at $6.59 per share, indicating a year-over-year rise of 26.5%. The consensus estimate for ECL's current-year earnings has gone up in the past 30 days. ECL, which carries a Zacks Rank of 2 at present, beat the consensus estimate in each of the last four quarters, with the average earnings surprise being 1.3%. The company's shares have gained roughly 33.6% in the past year. Green Plains Inc. (GPRE) has stated that the construction manag ...

Factors that could cause actual results to differ from those expressed or implied in the forward-looking statements include, but are limited to, those discussed in this presentation, those discussed under "Risk Factors" in our Annual Report on Form 10-K or incorporated by reference. Specifically, we may experience fluctuations in future operating results due to a number of economic conditions and other factors, including: competition in the ethanol and biofuels industry and other industries in which we oper ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 _______________________ FORM 10-Q (Mark One) ☒ Quarterly Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the Quarterly Period Ended March 31, 2024 OR ☐ Transition Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the transition period from ______ to ______ Commission File Number 001-32924 GREEN PLAINS INC. (Exact name of registrant as specified in its ch ...

Exhibit 99.1 FOR IMMEDIATE RELEASE Green Plains Reports First Quarter 2024 Financial Results Results for the First Quarter of 2024: OMAHA, Neb., May 3, 2024 (BUSINESS WIRE) - Green Plains Inc. (NASDAQ:GPRE) ("Green Plains" or the "company") today announced financial results for the first quarter of 2024. Net loss attributable to the company was $51.4 million, or ($0.81) per diluted share compared to net loss attributable to the company of $70.3 million or ($1.20) per diluted share, for the same period in 20 ...

Green Plains Renewable Energy (GPRE) is expected to deliver a year-over-year increase in earnings on lower revenues when it reports results for the quarter ended March 2024. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price.The earnings report, which is expected to be released on May 3, 2024, might help the stock move higher if these key numbers are b ...

BanksPhotos Green Plains Inc. (NASDAQ:GPRE) is one of the largest producers of Ethanol in the United States, a biofuel that is blended with fossil fuels to reduce emissions. Between FY19 and FY23, GPRE was not able to close a fiscal year in profit, even though the ethanol achieved higher sales prices than the historical average in FY22 and FY23. It has undertaken a path of restructuring its business since FY20, expanding its product portfolio, and making its business more carbon free, with a good chance ...

Green Plains Inc. (GPRE) recently unveiled a new brand for its specialized feed ingredient that reflects its high-quality performance, diverse formulation opportunities, proven nutritional advantages, digestibility and minimal carbon footprint.Sequence is a foundational feed ingredient manufactured at scale utilizing patented mechanical separation technology, offering a blend of corn and yeast protein concentrated at a minimum of 60%. Green Plains has also received FSSC 22000 certification at several facili ...