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Jun 30
Green Plains Q2 2025 Earnings Report
Green Plains reported a net loss of $72.2 million in Q2 2025, an increase from the $24.4 million loss in Q2 2024, primarily due to non-cash charges and restructuring costs. Revenues decreased to $552.8 million from $618.8 million in the prior year, while Adjusted EBITDA improved to $16.4 million.
Key Takeaways
Green Plains Inc. experienced a significant increase in net loss during the second quarter of 2025, primarily driven by non-cash charges related to asset sales and impairments, as well as restructuring costs. Despite a decrease in overall revenue, the company saw an improvement in Adjusted EBITDA, reflecting operational efficiencies and strategic initiatives to streamline the business. The company is on track to exceed its $50 million annualized savings target and is well-positioned for future growth with ongoing carbon capture projects and favorable government policies supporting low-carbon fuels.
Net loss attributable to Green Plains increased to $72.2 million, or $(1.09) per diluted share, in Q2 2025, compared to a net loss of $24.4 million, or ($0.38) per diluted share, in Q2 2024.
Revenues for the second quarter of 2025 were $552.8 million, a decrease from $618.8 million in the same period last year, primarily due to the agribusiness and energy services segment.
Adjusted EBITDA improved significantly to $16.4 million in Q2 2025, up from $5.0 million in Q2 2024, driven by changes in operating strategy and the sale of accumulated RINs.
The company incurred $44.9 million in non-cash charges, including $31.0 million from the sale of assets and an equity method investment, and $10.7 million in asset impairments, along with $2.5 million in restructuring costs.
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
Green Plains is focused on operational excellence, cost reductions, and strategic initiatives, including carbon capture projects, to improve financial performance and leverage favorable policy decisions for low-carbon fuels.
Positive Outlook
- On pace to exceed $50 million in annualized savings target due to cost reductions implemented in the first half of the year.
- New expense base positions the company to exit 2025 and enter 2026 as a leaner, more agile company.
- Improved cost efficiency enables stronger earnings leverage from higher ethanol margins, firming corn oil prices, and growing export demand.
- Construction of carbon compression infrastructure at Nebraska facilities is progressing on schedule, with carbon sequestration expected to begin early in the fourth quarter.
- Favorable federal government policy decisions, including the extension of the 45Z Clean Fuel Production Credit through 2029 and the removal of the indirect land use change penalty, reinforce the company's strategy and upgrade consistent earnings power.
Challenges Ahead
- The report does not explicitly state negative forward guidance points, but rather focuses on mitigating past challenges and leveraging future opportunities.
- No specific negative financial targets or outlooks were provided.
- The company's focus is on overcoming past losses and improving future performance.
- No explicit mention of potential headwinds or challenges in the near future.
- The forward-looking statements are generally optimistic about future performance and strategic initiatives.
Revenue & Expenses
Visualization of income flow from segment revenue to net income