Table of Contents For the Quarterly Period Ended September 30, 2023 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. _______________________ FORM 10-Q (Mark One) ☒ Quarterly Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 (Exact name of registrant as specified in it ...

Green Plains Inc. (NASDAQ:GPRE) Q3 2023 Earnings Conference Call October 31, 2023 9:00 AM ET Company Participants Phil Boggs – Executive Vice President-Investor Relations Todd Becker – President and Chief Executive Officer Jim Stark – Chief Financial Officer Devin Mogler – Senior Vice President-Government Relations, Sustainability & Communications Conference Call Participants Jordan Levy – Truist Securities Manav Gupta – UBS Craig Irwin – ROTH MKM Ben Bienvenu – Stephens Eric Stine – Craig-Hallum Salvator T ...

This presentation includes forward-looking statements that reflect management's current views of company performance, industry conditions and future economic environment. These statements are based on assumptions and various factors that are subject to risks and uncertainties. Green Plains has provided additional information about such risks and uncertainties that could cause actual results to differ materially from those expressed or implied in its reports filed with the Securities and Exchange Commission ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Table of Contents _______________________ FORM 10-Q (Mark One) ☒ Quarterly Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 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 charter) (State or other jurisdiction of incorpo ...

Green Plains Inc. (NASDAQ:GPRE) Q2 2023 Earnings Conference Call August 4, 2023 9:00 AM ET Company Participants Phil Boggs – Executive Vice President-Investor Relations Todd Becker – President and Chief Executive Officer Jim Stark – Chief Financial Officer Devin Mogler – Senior Vice President, Government Affairs, Sustainability & Communications Conference Call Participants Craig Irwin – ROTH Capital Adam Samuelson – Goldman Sachs Kristen Owen – Oppenheimer Manav Gupta – UBS Salvator Tiano – Bank of America ...

Forward-Looking Statements 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," "pred ...

Green Plains Inc. (NASDAQ:GPRE) Q1 2023 Earnings Conference Call May 4, 2023 9:00 AM ET Company Participants Phil Boggs - Executive Vice President, Investor Relations Todd Becker - President, Chief Executive Officer and Director James Stark - Chief Financial Officer Conference Call Participants Adam Samuelson - Goldman Sachs Kristen Owen - Oppenheimer Manav Gupta - UBS Andrew Strelzik - BMO Capital Markets Aaron Spychalla - Craig-Hallum Jordan Levy - Truist Securities Operator Good morning, and welcome ...

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 1811 Aksarben Drive, Omaha, NE 68106 (402) 884-8700 (Address of principal executive offices, including zip code) (Registrant's telephone number, including area code) For the Quarterly Period Ended March 31, 2023 OR ☐ Transition Report Pursuant to Section 13 or 15(d) of the Securities Ex ...

Operational Performance - The company maintained an average utilization rate of approximately 91% of capacity during 2022, compared to 77% in the prior year[243]. - The top four producers accounted for approximately 41% of the domestic ethanol production capacity as of December 31, 2022[74]. - The company produced Ultra-High Protein at three locations and began commissioning FQT's MSC technology at two additional locations in Q4 2022[243]. - The company has formed a 50/50 joint venture with Tharaldson Ethanol to enhance renewable corn oil yields[82]. - Ethanol production segment sold 872,133 thousand gallons in 2022, up from 750,648 thousand gallons in 2021, representing a volume increase of approximately 16.2%[289]. Financial Performance - Total revenues including intersegment activity reached $3,662,849,000 in 2022, a 29.5% increase from $2,827,168,000 in 2021[275]. - Ethanol production segment revenues from external customers increased to $3,070,192,000 in 2022, up 42.5% from $2,153,368,000 in 2021[275]. - Agribusiness and energy services segment revenues from external customers decreased to $588,654,000 in 2022, down 12.1% from $669,526,000 in 2021[275]. - The partnership segment generated revenues from external customers of $4,003,000 in 2022, a slight decrease from $4,274,000 in 2021[275]. - Consolidated revenues increased by $835.7 million in 2022 compared to 2021, primarily due to higher average selling prices and higher volumes sold in the ethanol production segment[286]. Cost and Expenses - Cost of goods sold for ethanol production was $3,068,366,000 in 2022, an increase of 48.7% from $2,063,283,000 in 2021[275]. - The company’s cost of goods sold includes significant raw material costs, with corn being the most significant, followed by natural gas[262]. - Operating loss in the ethanol production segment increased by $89.8 million in 2022, primarily due to decreased margins[291]. - Corporate activities incurred an operating loss of $(60,478,000) in 2022, compared to a loss of $(10,499,000) in 2021[282]. Profitability - The operating loss for the ethanol production segment was $(117,764,000) in 2022, compared to a loss of $(27,996,000) in 2021[276]. - Adjusted EBITDA for the ethanol production segment was $(8,619,000) in 2022, down from $55,056,000 in 2021[282]. - The net loss for the year ended December 31, 2022, was $(103,377,000), compared to $(44,146,000) in 2021[280]. Cash Flow and Capital Expenditures - Net cash provided by operating activities was $69.7 million in 2022, a significant increase from $4.2 million in 2021[300]. - Capital expenditures totaled $212.4 million in 2022, primarily for Ultra-High Protein expansion projects, with projected capital spending for 2023 estimated between $150 million and $250 million[302]. - The company had $444.7 million in cash and cash equivalents and $55.6 million in restricted cash as of December 31, 2022[298]. Debt and Financing - As of December 31, 2022, the outstanding principal balance on the $125.0 million junior secured mezzanine notes was $125.0 million with an interest rate of 11.75%[318]. - The company has a $75.0 million delayed draw loan agreement with an outstanding principal balance of $74.6 million and an interest rate of 5.02% as of December 31, 2022[318]. - Green Plains Partners has a term loan balance of $59.0 million with an interest rate of 12.77% as of December 31, 2022[325]. - Green Plains Commodity Management has an uncommitted $40.0 million revolving credit facility with an outstanding principal balance of $22.7 million and an interest rate of 6.05% as of December 31, 2022[321]. - The company expects to refinance or extend its $40.0 million revolving credit facility prior to maturity[321]. Grants and Other Income - The company received a $27.7 million grant from the USDA in 2022 as part of the Biofuel Producer Program[267]. Shareholder Activities - The company authorized a share repurchase program of up to $200.0 million of its common stock, with no repurchases made in 2022[305]. - In August 2022, the company exchanged approximately $32.6 million of 4.125% notes for about 1.2 million shares of common stock[316]. Taxation - Income tax expense increased to $4.7 million in 2022 from $1.8 million in 2021, primarily due to an increase in the valuation allowance against certain deferred tax assets[296].

Forward Looking Statements This presentation includes forward-looking statements that reflect management's current views of company performance, industry conditions and future economic environment. These statements are based on assumptions and various factors that are subject to risks and uncertainties. Green Plains has provided additional information about such risks and uncertainties that could cause actual results to differ materially from those expressed or implied in its reports filed with the Securiti ...