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Dec 31, 2023
Green Plains Q4 2023 Earnings Report
Reported net income and strategic review initiation.
Key Takeaways
Green Plains Inc. reported a net income of $7.2 million for Q4 2023, a significant improvement compared to the net loss of $38.6 million in the same period of the previous year. The company achieved a 95% utilization rate and is undergoing a strategic review to enhance shareholder value.
Net income attributable to Green Plains was $7.2 million, resulting in EPS of $0.12 per diluted share.
EBITDA reached $44.7 million.
The company completed the acquisition of Green Plains Partners LP, aiming to streamline operations and improve cash flow.
A comprehensive strategic review process was initiated to explore opportunities for enhancing value.
Revenue by Segment
Forward Guidance
Green Plains is nearing completion of three instrumental projects that will help define their path to true biorefineries with recurring, higher quality earnings streams.
Positive Outlook
- First commercial-scale clean sugar facility is anticipated to begin commissioning during the first quarter of 2024.
- Joint venture to build the world’s largest MSC high-protein facility with Tharaldson Ethanol is in the process of commissioning and is anticipated to begin full production in the coming months, further expanding our capacity for Ultra-High Protein.
- Construction of the facility combining MSC technology with Shell Fiber Conversion Technology is anticipated to be completed this quarter.
- Nebraska platform is in an advantaged position to capitalize on incentives to reduce carbon intensity.
- Diversified decarbonization strategy will be a strong contributor to future earnings potential.
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
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