Loading...
•
Dec 31, 2022
Green Plains Q4 2022 Earnings Report
Green Plains experienced a challenging ethanol margin environment impacted by rail delays and weather-related shutdowns, resulting in a net loss despite increased revenues.
Key Takeaways
Green Plains Inc. reported a net loss of $38.6 million, or $(0.66) per share, for the fourth quarter of 2022, compared to a net loss of $9.6 million, or $(0.18) per share, for the same period in 2021. Revenues for the quarter increased to $914.0 million from $802.3 million in the prior year. The company's EBITDA was $5.7 million, down from $30.3 million in the same period of 2021.
Completed the fifth MSC system, expected to significantly contribute to future earnings.
Achieved a positive consolidated crush margin of $0.03 per gallon despite challenging conditions.
Protein sales program is strong, with approximately 75% of platform capacity contracted or anticipated for recurring customer sales in 2023.
Construction is progressing at the first commercial clean sugar facility in Shenandoah, Iowa.
Revenue by Segment
Forward Guidance
Green Plains sees inflection points in transformation and is confident in achieving 2024 financial guidance.
Positive Outlook
- Expanding production of protein ingredients.
- Expanding production of renewable corn oil.
- Capturing biogenic carbon dioxide.
- Converting a portion of starch into dextrose.
- Strong position to continue executing transformation plan
Challenges Ahead
- Competition in the industries in which Green Plains operates.
- Commodity market risks.
- Financial market risks.
- Counterparty risks.
- Risks associated with changes to federal policy or regulation, including changes to tax laws.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
Loading earnings performance data...
Loading earnings reaction data...