Green Plains Q2 net loss narrows to $24.4M, EBITDA turns positive; sells Birmingham terminal to repay debt

Green Plains Inc.

2024-Q2 EPS reported -$1.19 revenue$1,216,039,000

Net loss attributable to Green Plains of $24.4M, or EPS $(0.38), vs net loss of $52.6M ($0.89) in Q2 2023.
Revenues $618.8M, down 28% YoY due to lower weighted average selling prices.
EBITDA $4.8M vs $(15.0)M prior year; ethanol production crush margin $22.7M vs $4.6M.
Entered definitive agreement to sell unit train terminal in Birmingham; proceeds to repay Green Plains Partners term loan.
Commissioning of Clean Sugar Technology facility began; record yields for corn oil and Ultra-High Protein.

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