Green Plains Q4 net income $11.9M vs prior-year loss; Adj EBITDA $49.1M; 45Z credits drive 2026 outlook

Green Plains Inc.

2025-FY EPS reported -$1.80 revenue$2,091,680,000

Q4 net income $11.9M ($0.17 diluted EPS) vs net loss $54.9M ($0.86 loss) in Q4 2024; revenue $428.8M, down 26.6% YoY.
Adjusted EBITDA $49.1M vs ($18.2M) in Q4 2024; includes $27.7M 45Z production tax credit benefit.
Full year 2025 adjusted EBITDA $94.0M; expects at least $188M of 45Z-related adjusted EBITDA in 2026.
Carbon capture fully operational at three Nebraska plants; Q4 ethanol plant utilization 97% using revised stated capacity.

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