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Dec 31, 2021
Green Plains Q4 2021 Earnings Report
Announced financial results for the fourth quarter and full year 2021.
Key Takeaways
Green Plains Inc. reported a net loss of $9.6 million for Q4 2021, an improvement compared to the $49.6 million net loss in Q4 2020. Revenues increased to $802.3 million from $478.8 million in the same period last year. The company ended the year with over $685 million in cash and marketable securities.
Net loss attributable to the company for the fourth quarter was $9.6 million, or ($0.18) per diluted share.
Revenues were $802.3 million for the fourth quarter of 2021.
Consolidated ethanol crush margin was $41.0 million, or $0.20 per gallon.
Ended the year with over $685 million in cash and marketable securities.
Revenue by Segment
Forward Guidance
Green Plains anticipates higher asset utilization in 2022 and expects to begin full commercial-scale 60% protein trial in the first quarter of 2022. They expect to break ground on a novel dextrose production facility in the second half of the year and are in discussions with potential partners in protein, corn oil, sugar, and carbon.
Positive Outlook
- Asset utilization rate will continue to improve in 2022.
- Locations begin to ramp toward full capacity with plant efficiency upgrades.
- Anticipate higher utilization in preparation for increased Ultra-High Protein production.
- Expect to begin full commercial-scale 60% protein trial in the first quarter of 2022.
- Expect to break ground on a novel dextrose production facility in the second half of the year.
Challenges Ahead
- Experienced supply chain and permitting delays at certain facilities.
- Fuel alcohol production was impacted by delays.
- Incurred grain bin damage at York location which limited its production capacity of specialty alcohols.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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