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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.
Green Plains
Green Plains
Green Plains Revenue by Segment
Revenue by Segment
Ethanol Production Revenue
CapyFin.com 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.