Green Plains Q1 net loss $51.4M ($0.81 EPS); revenue $597M down 28% YoY

Green Plains Inc.

2024-Q1 EPS reported -$0.81 revenue$597,214,000

Net loss attributable to company $51.4M ($0.81 loss per share) vs $70.3M loss ($1.20) in Q1 2023.
Revenue $597.2M, down 28% from $832.9M; EBITDA ($21.5M) vs ($27.7M) prior year.
Ethanol crush margin ($9.3M) improved from ($12.5M); Ultra-High Protein sold 60K tons (+15.4%).
New Sequence brand launched; ~10% of high-protein capacity sold vs target 20-30% by year-end.
Segment reporting revised from three to two after Jan 2024 merger with Green Plains Partners LP.

item 2.02 item 7.01 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 the first quarter of 2024 results: revenue $597.2 million, net income Net loss attributable to the company was $51.4 million, or ($0.81) per diluted share, EPS ($0.81) per diluted share.

Period: the first quarter of 2024
Revenue: $597.2 million
Net income: Net loss attributable to the company was $51.4 million, or ($0.81) per diluted share
EPS: ($0.81) per diluted share
Result: reported results

Exact text from the filing

Net loss attributable to the company was $51.4 million, or ($0.81) per diluted share compared to net loss attributable to the company of $70.3 million or ($1.20) per diluted share, for the same period in 2023. Revenues were $597.2 million for the first quarter of 2024 compared with $832.9 million for the same period last year.

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Source: SEC EDGAR

accession 0001309402-24-000089

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