Green Plains(US:GPRE)2025-11-05 14:00Financial 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]