Green Plains Q3 net loss widens to $73.5M; revenue up 28% on higher volumes

Green Plains Inc.

2022-Q3 EPS reported -$1.62 revenue$2,748,806,000

Net loss of $73.5M ($1.27 loss per share) vs $59.6M loss a year ago; revenue $955M vs $746.8M.
Consolidated ethanol crush margin turned negative at $(0.09)/gal due to record corn basis and $11.2M LCM adjustment.
MSC technology now at 50%+ of platform by year-end; clean sugar facility construction underway in Shenandoah, Iowa.
Leadership changes: Patrich Simpkins to Chief Transformation Officer, Jim Stark appointed CFO.
Remaining $34.3M of 4.125% convertible notes converted; strong liquidity of $512.4M cash and $155M credit facility.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Green Plains Inc. reported third quarter of 2022 results: revenue $955.0 million, net income $73.5 million, EPS $(1.27) per basic and diluted share.

Period: third quarter of 2022
Revenue: $955.0 million
Net income: $73.5 million
EPS: $(1.27) per basic and diluted share
Result: reported results

Exact text from the filing

per basic and diluted share compared to net loss attributable to the company of $59.6 million or $(1.18) per basic and diluted share, for the same period in 2021. Revenues were $955.0 million compared with $746.8 million for the same period last year. EBITDA was $(35.6) million compared to $(16.6) million for the same period in the prior year. “Our third quarter

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Green Plains Inc. filing history →

Source: SEC EDGAR

accession 0001171843-22-007043

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