Green Plains Q2 2023 net loss of $52.6M ($0.89/share); revenue down 15% YoY

Green Plains Inc.

2023-Q2 EPS reported -$2.09 revenue$1,690,581,000

EPS of ($0.89) diluted vs $0.73 in Q2 2022; revenue fell to $857.6M from $1,012.4M.
Consolidated crush margin of $0.01/gal vs $0.28/gal last year; Wood River plant offline most of quarter.
EBITDA of ($15.0M) vs $84.4M a year ago (incl. $27.7M USDA relief in prior year).
Ultra-High Protein production back above 900 tons/day; 60% protein commercial deliveries expected Q4 2023.
H2 2023 outlook materially stronger on improved margins, full production rates, and expanding protein sales.

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 0.9

Green Plains Inc. reported three months ended June 30, 2023 results: revenue $857.6 million, net income Net loss attributable to the company was $52.6 million, EPS ($0.89) per diluted share.

Period: three months ended June 30, 2023
Revenue: $857.6 million
Net income: Net loss attributable to the company was $52.6 million
EPS: ($0.89) per diluted share
Result: reported results

Exact text from the filing

or ($0.89) per diluted share, compared to net income attributable to the company of $46.4 million, or $0.73 per diluted share, for the same period in 2022. Revenues were $857.6 million for the second quarter of 2023 compared with $1,012.4 million for the same period last year. EBITDA of ($15.0) million compared to $84.4 million inclusive of a USDA COVID-19

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Source: SEC EDGAR

accession 0001309402-23-000136

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