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Mar 31, 2022
Green Plains Q1 2022 Earnings Report
Announced financial results for the first quarter of 2022
Key Takeaways
Green Plains Inc. reported a net loss of $61.5 million, or ($1.16) per diluted share, compared to a net loss of $6.5 million, or ($0.17) per diluted share, for the same period in 2021. Revenues were $781.4 million for the first quarter of 2022 compared with $553.6 million for the same period last year.
Net loss attributable to the company was $61.5 million, or ($1.16) per diluted share.
Revenues were $781.4 million for the first quarter of 2022.
Consolidated crush margin was largely driven by industry overproduction and excess inventories of ethanol, rail shipping delays.
Company ended the first quarter with over $620 million in cash and marketable securities.
Green Plains
Green Plains
Green Plains Revenue by Segment
Revenue by Segment
Ethanol Production Revenue
CapyFin.com Forward Guidance
Company expects stronger results going forward as they begin to see the benefit of their modernization and transformation programs across the platform.
Positive Outlook
- Significant upward trend in margins across all products
- Second quarter margins have improved over the past few months
- Third and fourth quarter margins have also turned positive
- Return to higher run rates
- Strong renewable corn oil pricing and ongoing increases in protein economics
Challenges Ahead
- No specific negatives were mentioned in the provided text.