Loading...
•
Mar 31, 2021
Green Plains Q1 2021 Earnings Report
Reported a net loss due to charges related to asset sales and convertible notes, but saw improved margins on ethanol production and progress in transformation initiatives.
Key Takeaways
Green Plains reported a net loss of $6.5 million, impacted by a gain on asset sales and a charge for extinguishment of convertible notes. Revenues were $553.6 million. The company highlighted progress in its transformation plan, including funding for protein technology deployment and partnerships for carbon capture.
Net loss attributable to the company was $6.5 million, or $(0.17) per diluted share.
Revenues were $553.6 million for the first quarter of 2021.
Fully funded Total Transformation Plan to deploy Fluid Quip’s protein technology.
The company had more than $650 million in cash at the end of the quarter.
Revenue by Segment
Forward Guidance
Green Plains is focused on the construction sequence of MSC Ultra-High Protein deployment, finalizing the selection of a general contractor to build its Ultra-High Protein technology, finalizing Project 24, beginning production of Ultra-High Protein at its Wood River, Nebraska biorefinery, and starting up clean sugar production at its York Innovation Center.
Positive Outlook
- Advancements in Ultra-High Protein purities.
- Renewable corn oil yields increasing.
- Innovations in yeasts, oils and sugars.
- On track to achieve 2024 financial goals.
- Potential to provide low or even zero carbon biofuels, renewable corn oil and high value protein feed ingredients.
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
Loading earnings performance data...
Loading earnings reaction data...