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Sep 30, 2023
Green Plains Q3 2023 Earnings Report
Reported net income of $22.3 million and EPS of $0.35 per diluted share.
Key Takeaways
Green Plains Inc. announced strong operating results for Q3 2023, with a net income of $22.3 million, or $0.35 per diluted share, compared to a net loss of $73.5 million in the same period last year. Revenues were $892.8 million, and EBITDA was $52.0 million. The company achieved a platform utilization rate of 93.9% and anticipates a strong outlook for Q4 2023.
Net income attributable to Green Plains of $22.3 million, or EPS of $0.35 per diluted share
EBITDA of $52.0 million
Plant utilization rate of 93.9%, returning platform to consistent operations
Outlook for the fourth quarter of 2023 remains strong based on solid production operating rates, industry fundamentals and expanding Ultra-High Protein sales
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
The company anticipates a strong outlook for Q4 2023 based on solid production operating rates, industry fundamentals, and expanding Ultra-High Protein sales. The first commercial-scale Clean Sugar Technology facility is expected to be mechanically complete by the end of the year and begin commissioning in Q1 2024.
Positive Outlook
- Strong production operating rates
- Positive industry fundamentals
- Expanding Ultra-High Protein sales
- Favorable margins across all products based on current market conditions
- Advantage in carbon capture and storage beginning in 2025
Revenue & Expenses
Visualization of income flow from segment revenue to net income