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Sep 30, 2020
Green Plains Q3 2020 Earnings Report
Green Plains's financial results improved significantly compared to the prior year, with a consolidated crush margin of 8 cents per gallon and an EBITDA of $8.8 million.
Key Takeaways
Green Plains Inc. reported a net loss of $34.5 million for Q3 2020, an improvement compared to the $39.0 million loss in the same period last year. Revenues were $424.1 million, down from $632.4 million year-over-year. The company saw a consolidated crush margin of 8 cents per gallon and an EBITDA of $8.8 million.
Net loss attributable to the company was $34.5 million, or $(1.00) per diluted share.
Revenues were $424.1 million.
Consolidated crush margin was $0.08 per gallon.
The company had over $182 million in cash at the end of the quarter.
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 anticipates a stronger fourth quarter based on current market conditions, expected higher operating rates, less negative absorption and the completion of the upgrade at York.
Positive Outlook
- Current market conditions
- Expected higher operating rates
- Less negative absorption
- Completion of the upgrade at York
- Ultra-high protein products providing an estimated 15 to 20 cents per gallon of initial uplift to the overall margin structure
Challenges Ahead
- Disruption caused by health epidemics, such as the coronavirus outbreak
- Competition in the industries in which Green Plains operates
- Commodity market risks
- Financial market risks
- Counterparty risks