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Dec 31, 2019
Green Plains Q4 2019 Earnings Report
Green Plains reported a net loss due to a challenging year, but remained free cash flow positive and achieved positive EBITDA overall.
Key Takeaways
Green Plains Inc. reported a net loss of $39.7 million for Q4 2019, compared to a net income of $53.5 million for the same period in 2018. The company's revenues were $715.7 million for the fourth quarter of 2019, compared to $583.5 million for the same period last year. The company focused on reducing operating costs through Project 24 and building out sustainable high protein feed production.
Launched Total Transformation Plan to become a leading sustainable high protein and novel feed ingredient producer.
Completed Portfolio Optimization Plan, reducing debt by almost $1 billion and selling approximately $780 million of assets.
Project 24 upgrade at Wood River has been transformational, exceeding expectations in terms of operating cost efficiencies and reduced energy consumption.
Achieved record monthly production and the lowest platform operating cost per gallon in company history in December.
Green Plains
Green Plains
Green Plains Revenue by Segment
Revenue by Segment
Ethanol Production Revenue
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