Green Plains swings to Q1 profit of $32.9M; raises 45Z credit EBITDA guidance to $200-225M

Green Plains Inc.

2026-Q1 EPS reported $0.42 revenue$445,804,000

Net income $32.9M ($0.42/diluted share) vs net loss $72.9M ($1.14) in Q1 2025.
Adjusted EBITDA $71.5M includes $55.2M from 45Z production tax credits net of discounts.
Revenue down 25.9% to $445.8M on lower ethanol volumes and disposal of Obion plant.
Raised full-year 45Z credit EBITDA guidance to $200-225M; plants ran at 97% utilization.
Early adopted ASU 2025-10; reclassifies 45Z credits as reduction of COGS, retroactively adjusted prior periods.

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 2026 results: revenue $445.8 million, net income $32.9 million, EPS $0.42 per diluted share. Guidance raised.

Period: the first quarter of 2026
Revenue: $445.8 million
Net income: $32.9 million
EPS: $0.42 per diluted share
Guidance: raised
Result: reported results

Exact text from the filing

million, or $0.42 per diluted share compared to net loss attributable to the company of $(72.9) million or ($1.14) per diluted share, for the same period in 2025. Revenues were $445.8 million for the first quarter of 2026 compared with $601.5 million for the same period last year. EBITDA was $71.5 million compared to ($41.5) million for the same period in the prior

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Source: SEC EDGAR

accession 0001309402-26-000058

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