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, 2025 GREEN PLAINS INC. (Exact name of registrant as specified in its charter) (State or other jurisdiction of incorporation or organization) (I.R.S. Employer Identification No.) 1811 Aksarben Drive, Omaha, NE 68106 (402) 884-8700 (Address of prin ...

Green Plains (GPRE) Q1 2025 Earnings Call May 08, 2025 09:00 AM ET Speaker0 Good morning, and welcome to the Green Plains Inc. First Quarter twenty twenty five Earnings Conference Call. Following the company's prepared remarks, instructions will be provided for Q and A. At this time, all participants are in a listen only mode. I will now turn the call to your host, Phil Boggs, Chief Financial Officer. Mr. Boggs, please go ahead. Speaker1 Thank you, and good morning, everyone. Welcome to the Green Plains Inc ...

Forward-looking statements are made in accordance with safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These statements are based on current expectations which involve a number of risks and uncertainties and do not relate strictly to historical or current facts, but rather to plans and objectives for future operations. These statements include words such as "anticipate," "believe," "continue," "estimate," "expect," "intend," "outlook," "plan," "predict," "may," "could," "shou ...

Green Plains Renewable Energy (GPRE) came out with a quarterly loss of $0.88 per share versus the Zacks Consensus Estimate of a loss of $0.51. This compares to loss of $0.81 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -72.55%. A quarter ago, it was expected that this ethanol production, marketing and commodities company would post a loss of $0.28 per share when it actually produced a loss of $0.86, delivering a surprise of ...

Exhibit 99.1 FOR IMMEDIATE RELEASE Green Plains Reports First Quarter 2025 Financial Results Results for the First Quarter of 2025: OMAHA, Neb., May 8, 2025 (BUSINESS WIRE) - Green Plains Inc. (NASDAQ:GPRE) ("Green Plains" or the "company") today announced financial results for the first quarter of 2025. Net loss attributable to the company was $72.9 million, or ($1.14) per diluted share compared to net loss attributable to the company of $51.4 million or ($0.81) per diluted share, for the same period in 20 ...

The market expects Green Plains Renewable Energy (GPRE) to deliver a year-over-year increase in earnings on lower revenues when it reports results for the quarter ended March 2025. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates.The stock might move higher if these key numbers top expectations in the upcoming earnings report. On the other han ...

Financial Data and Key Metrics Changes - Green Plains reported consolidated revenues of $584 million for Q4 2024, which is approximately 18% lower than the same period a year ago, primarily due to lower market prices for ethanol, dried distillers grains, and renewable corn oil [26][28] - The company experienced a net loss of $54.9 million or negative $0.86 per share, compared to a net income of $7.2 million or $0.12 per share for the same period in 2023 [10][28] - EBITDA for Q4 was negative $18.9 million, a significant decline from $44.7 million in the prior year [11][28] - SG&A costs were $25.6 million, which is $7.2 million lower than the prior year due to reduced personnel costs and adjustments to incentive accruals [29] Business Line Data and Key Metrics Changes - The plant utilization rate was 92% during Q4, down from 95% in the same period last year, with an average utilization rate of 94% over the trailing four quarters [27] - The company shut down a 120 million gallon facility in Fairmont due to market conditions and flooding issues, which is expected to remain in cold idle for the foreseeable future [9][10] - The overall protein complex is under pressure from oversupply, but there are bright spots in the aquaculture market, with significant sales to major customers [19][20] Market Data and Key Metrics Changes - Strong exports are anticipated, with the company on pace to set a new record of approximately 1.9 billion gallons, expected to exceed that in 2025 [14] - The global market remains tight on corn, which could lead to higher prices if planting intentions do not increase [16] - The company noted that the soybean oil market is tight globally, which could benefit their corn oil products [95] Company Strategy and Development Direction - The company is focusing on cost savings and margin expansion, identifying up to $50 million in annualized cost savings, with $30 million already implemented [7][57] - A strategic shift from innovation to commercialization is underway, with a focus on rationalizing costs and improving profitability [6][54] - The company is optimistic about the potential of carbon capture initiatives, expecting significant cash flow contributions starting later this year [22][41] Management's Comments on Operating Environment and Future Outlook - Management expressed disappointment over the negative EBITDA for Q4 but highlighted a positive EBITDA of $44.7 million for the full year 2024 [11][28] - The management is closely monitoring planting intentions and believes favorable industry fundamentals are in place, despite current market pressures [16] - The company is optimistic about the future contributions from carbon capture and the potential for significant rerating of the company's valuation [24][54] Other Important Information - The company has made significant progress in its clean sugar initiative, receiving necessary certifications and approvals [46][85] - The company anticipates capital expenditures for 2025 to be in the range of $20 million to $35 million, excluding carbon capture equipment [34] Q&A Session Summary Question: Can you provide details on the $50 million cost savings initiative? - Management indicated that the initiative aims to increase overall profitability by rationalizing costs and focusing on commercializing products rather than further innovation [60][61] Question: What is the status of the aquaculture projects in South America? - Management confirmed successful penetration into the market, with significant sales achieved and ongoing interest from customers [66][68] Question: Can you discuss the timeline for carbon capture projects? - Management expects the first carbon capture contributions to begin in late Q3 or early Q4 2025, with construction of necessary infrastructure already underway [73][74] Question: How is the company addressing the sugar initiative and its market development? - Management stated that they are awaiting food safety certifications and are optimistic about future sales once these are obtained [81][84] Question: What is the expected impact of the restructuring on cash flow? - Management anticipates minimal cash impact from the restructuring, estimating charges to be under $10 million, with some potentially being non-cash [192][193] Question: How does the company view the current ethanol market and future demand? - Management believes that increased demand during the summer driving season could help improve margins, but challenges remain due to elevated stocks and production levels [204][206] Question: What is the outlook for corn oil demand and pricing? - Management is optimistic about strong demand for corn oil, particularly in renewable diesel markets, and expects pricing to improve as contracts are secured [210][212]

Table of Contents For the transition period from ____ to _____ Commission file number 001-32924 GREEN PLAINS INC. (Exact name of registrant as specified in its charter) UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K x ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2024 or o TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 1811 Aksarben Drive, Omaha, NE 68106 ...

Company Performance - Green Plains Renewable Energy (GPRE) reported a quarterly loss of $0.86 per share, significantly worse than the Zacks Consensus Estimate of a loss of $0.28, and compared to earnings of $0.12 per share a year ago [1] - The earnings surprise for this quarter was -207.14%, following a previous quarter where the company exceeded expectations with earnings of $0.35 per share against an estimate of $0.11, resulting in a surprise of 218.18% [2] - The company posted revenues of $584.02 million for the quarter ended December 2024, missing the Zacks Consensus Estimate by 6.59%, and down from $712.39 million in the same quarter last year [3] Stock Performance and Outlook - Green Plains shares have declined approximately 12.6% since the beginning of the year, while the S&P 500 has gained 3.4% [4] - The current consensus EPS estimate for the upcoming quarter is -$0.27 on revenues of $651.6 million, and for the current fiscal year, it is $0.07 on revenues of $2.75 billion [8] Industry Context - The Chemical - Specialty industry, to which Green Plains belongs, is currently ranked in the bottom 20% of over 250 Zacks industries, indicating potential challenges for stock performance [9] - The performance of Green Plains may also be influenced by the overall outlook for the industry, as historical data shows that the top 50% of Zacks-ranked industries outperform the bottom 50% by more than 2 to 1 [9]

Financial Performance - Net loss attributable to Green Plains for Q4 2024 was $54.9 million, or $(0.86) per diluted share, compared to a net income of $7.2 million, or $0.12 per diluted share in Q4 2023[1]. - Revenues for Q4 2024 decreased to $584.0 million, down 18.0% from $712.4 million in Q4 2023, primarily due to lower selling prices and volumes of ethanol and distillers grains[5]. - The consolidated ethanol crush margin for Q4 2024 was $(15.5) million, a significant decline from $53.0 million in Q4 2023[4]. - EBITDA for Q4 2024 was $(18.9) million, a decrease of $63.6 million compared to $44.7 million in Q4 2023[6]. - Total revenues for the twelve months ended December 31, 2024, were $2,458,796 thousand, a decline of 25.4% from $3,295,743 thousand in 2023[30]. - For the twelve months ended December 31, 2024, Green Plains Inc. reported a net loss of $81.189 million, compared to a net loss of $76.299 million in 2023, indicating a decline in performance[33]. - The company's EBITDA for the twelve months ended December 31, 2024, was $47.646 million, down from $54.031 million in 2023, reflecting a decrease of approximately 11.4% year-over-year[35]. - The company incurred net payments of $61.697 million on long-term debt during the twelve months ended December 31, 2024, compared to $4.838 million in 2023, indicating increased debt repayment efforts[33]. - Green Plains Inc. reported a significant loss on the sale of assets, netting a loss of $30.723 million for the twelve months ended December 31, 2024, compared to a loss of $5.265 million in 2023[35]. - The company’s adjusted EBITDA for the twelve months ended December 31, 2024, was $18.715 million, down from $45.506 million in 2023, showing a substantial decline[35]. Operational Highlights - The company sold 209.5 million gallons of ethanol in Q4 2024, a slight decrease from 215.7 million gallons in Q4 2023[4]. - Ethanol production for Q4 2024 was 209,540 gallons, a decrease of 2.9% compared to 215,717 gallons in Q4 2023[16]. - Corn consumed in Q4 2024 was 71,221 bushels, a decrease of 4.0% from 74,152 bushels in Q4 2023[16]. - Gross margin for ethanol production in Q4 2024 was $(10.4) million, compared to $59.0 million in Q4 2023, reflecting a 91.7% decline[11]. - Adjusted ethanol production operating loss for Q4 2024 was $19,870 thousand, down from a profit of $46,309 thousand in Q4 2023[18]. - The company completed the acquisition of the remaining interest in Green Plains Partners LP on January 9, 2024, streamlining operations and improving efficiencies[8]. Strategic Initiatives - Green Plains has initiated a corporate reorganization and cost reduction initiative targeting annual savings of up to $50 million, with $30 million in improvements already implemented[2]. - The 'Advantage Nebraska' strategy is on track, with carbon capture operations expected to begin in the second half of 2025, potentially contributing significantly to future earnings[2]. - The company expects that combining cost reduction initiatives with carbon earnings could achieve a combined $180 million annualized contribution to future earnings[2]. Cash and Debt Management - Total cash and cash equivalents as of December 31, 2024, were $209.4 million, with total debt outstanding at $575.4 million[21]. - The company had $200.7 million available under a committed revolving credit facility as of December 31, 2024[21]. - The total cash and cash equivalents, and restricted cash at the end of the period was $209.395 million, a decrease from $378.762 million at the beginning of the period[33]. - The net change in cash and cash equivalents, and restricted cash for the twelve months ended December 31, 2024, was a decrease of $169.367 million, compared to a decrease of $121.514 million in 2023[33]. - Interest expense for the twelve months ended December 31, 2024, was $33.095 million, a decrease from $37.703 million in 2023, indicating a reduction in borrowing costs[35]. Asset Management - The company reported a decrease in total assets from $1,939,322 thousand in 2023 to $1,782,174 thousand in 2024[28].