Financial Performance - Green Plains reported net income attributable of $11.9 million, or $0.17 EPS[8] - Adjusted EBITDA was $52.6 million[8] - The company had $211.6 million in cash and cash equivalents, and $325.0 million available under a committed credit facility[8] - Consolidated ethanol crush margin was $59.6 million, including $26.5 million from 45Z production tax credits[8] Production and Operations - Ethanol production reached 197.3 million gallons, operating at 101% of stated capacity (excluding Fairmont)[8] - Production included 417 thousand tons of distillers grains, 71 thousand tons of Ultra-High Protein, and 72.3 million pounds of renewable corn oil[8] - The company processed 66.6 million bushels of corn[8] - Nine operating ethanol plants achieved a strong utilization rate of 101%[9] Strategic Initiatives and Updates - The company expects $15 - $25 million of 45Z production tax credit monetization value for the fourth quarter[9] - Carbon capture is fully operational at the York, Nebraska facility, with Central City and Wood River, Nebraska systems ramping up[9, 12] - The sale of the Obion, Tennessee plant was completed, with proceeds used to repay $130.7 million in junior mezzanine debt[9] - A $200 million convertible note exchange and subscription transaction was successfully completed to enhance financial flexibility[9] Selected Operating Data Comparison (Q3 2025 vs Q3 2024) - Ethanol production decreased from 220,299 thousand gallons in 2024 to 197,264 thousand gallons in 2025[13] - Distillers grains production decreased from 489 thousand tons in 2024 to 417 thousand tons in 2025[13] - Renewable corn oil production decreased from 77,074 thousand pounds in 2024 to 72,345 thousand pounds in 2025[13]

Financial Performance - Green Plains reported a net loss attributable to the company of $(72.2) million, or EPS of $(1.09) per diluted share for the second quarter of 2025[8, 13] - Adjusted EBITDA was $16.4 million for the second quarter of 2025[8] compared to $5.0 million for the same period in 2024[20] - The company had cash and cash equivalents, and restricted cash of $152.7 million and $258.5 million available under a committed credit facility[8] - Consolidated ethanol crush margin was $26.3 million, inclusive of margins from a one-time sale of accumulated RINs of $22.6 million[8] compared to $22.7 million for the same period in 2024[11] - Revenues were $552.8 million compared to $618.8 million for the same period in 2024[13] Operational Highlights - Ethanol production reached 193.6 million gallons, operating at 99% of capacity (excluding Fairmont)[8] compared to 208.483 million gallons for the same period in 2024[10] - The company produced 413 thousand tons of distillers grains (dry equivalent)[8] compared to 463 thousand tons for the same period in 2024[10] - Renewable corn oil production was 65.2 million pounds[8] compared to 73.630 million pounds for the same period in 2024[10] - The company processed 65.3 million bushels of corn[8] compared to 71.819 million bushels for the same period in 2024[10] Strategic Initiatives - The carbon capture infrastructure project is progressing on track for start-up early in the fourth quarter of 2025, with an expected removal of ~1.7 million metric tons of CO2 from the atmosphere by 2027[9, 22] - The company completed the sale of its 50% investment in GP Turnkey Tharaldson LLC as of June 30, 2025, for $25 million[9] - An amendment was executed to extend the maturity of its $127.5 million Mezzanine note facility to September 15, 2026[9]

Financial Performance - Green Plains reported a net loss attributable to the company of $72.9 million, resulting in a loss per diluted share of $(1.14)[9,14] - The company's Adjusted EBITDA was $(24.2) million[9,20] - The consolidated ethanol crush margin was $(14.7) million[9,12] - Revenues reached $601.5 million, while costs and expenses amounted to $663.8 million, leading to an operating loss of $62.3 million[14] Production & Operations - Ethanol production volume was 195.3 million gallons, with the operating ethanol plants running at 100% capacity (excluding Fairmont)[9,11] - The company produced 417 thousand tons of distillers grains (dry equivalent) and 68 thousand tons of Ultra-High Protein[9,11] - Renewable corn oil production reached 64.3 million pounds[9,11] - The company processed 66.3 million bushels of corn[9] Liquidity & Capital Resources - Green Plains had $126.6 million in cash and cash equivalents, and restricted cash[9,15] - The company had $204.5 million available under a committed credit facility[9] Strategic Initiatives - Construction commenced on compression infrastructure for the carbon capture and storage initiative in Nebraska, expected to start in the fourth quarter of 2025[10] - Eco-Energy, LLC was selected as the company's ethanol marketer in April 2025[10] - A corporate reorganization cost reduction initiative was executed, leading to a significant reduction in ongoing expenses[10]