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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.
Revenue by Segment
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
Historical Earnings Impact
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Avg. Return Before/After Earnings
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