---
schema_version: "secwatch.filing_event.v1"
accession: "0001309402-26-000058"
form_type: "8-K"
ticker: "GPRE"
cik: "0001309402"
company_name: "Green Plains Inc."
filed_at: "2026-05-07T23:59:59+00:00"
generated_at: "2026-05-14T21:26:10.483236+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001309402-26-000058
- form_type: 8-K
- ticker: GPRE
- cik: 0001309402
- company_name: Green Plains Inc.
- filed_at: 2026-05-07T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1309402/000130940226000058/0001309402-26-000058-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1309402/000130940226000058/gpre-20260507.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001309402-26-000058
- JSON: https://secwatch.observer/filing/0001309402-26-000058.json
- Plain text: https://secwatch.observer/filing/0001309402-26-000058.txt

## Key facts
- Earnings Releases
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1309402/000130940226000058/0001309402-26-000058-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.