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Mar 31
Green Plains Q1 2025 Earnings Report
Green Plains reported financial results for the first quarter of 2025
Key Takeaways
Green Plains reported a wider net loss in Q1 2025 compared to the same period last year, driven by lower margins in the ethanol production and agribusiness and energy services segments, as well as significant restructuring costs. Despite the loss, the company is focused on cost reduction initiatives and expects positive EBITDA for the remainder of the year based on current market conditions.
Net loss attributable to Green Plains widened to $72.9 million in Q1 2025 from $51.4 million in Q1 2024.
Revenues increased slightly to $601.5 million in Q1 2025 from $597.2 million in Q1 2024.
Adjusted EBITDA was a loss of $24.2 million in Q1 2025 compared to a loss of $21.5 million in Q1 2024.
The company incurred $16.6 million in restructuring costs during Q1 2025 as part of cost reduction initiatives.
Green Plains
Green Plains
Green Plains Revenue by Segment
Revenue by Segment
Ethanol Production Revenue
CapyFin.comAgribusiness and Energy Services Revenue
CapyFin.com Forward Guidance
Based on implemented cost reduction initiatives and a disciplined hedging program, Green Plains expects to deliver positive EBITDA for the remainder of the year based on current market conditions. The company is also focused on monetizing non-core assets to improve liquidity and strengthen the balance sheet.
Positive Outlook
- Approximately $45 million of annualized cost savings achieved since the beginning of the year.
- On pace to reach $50 million annualized cost savings target.
- Expect approximately $30 million of annualized savings in corporate and trade SG&A.
- Anticipate a run rate in the low $40 million range for annualized corporate and trade SG&A savings by year-end.
- Positioned to deliver positive EBITDA for the remainder of the year based on current market conditions.
Challenges Ahead
- No specific negative forward guidance points were mentioned in the report.
Revenue & Expenses
Visualization of income flow from segment revenue to net income