secwatch.observer — SEC 8-K summary
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Issuer:     Green Plains Inc. (GPRE)
CIK:        0001309402
Form:       8-K
Filed at:   2026-05-07T23:59:59+00:00
Accession:  0001309402-26-000058
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1309402/000130940226000058/0001309402-26-000058-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1309402/000130940226000058/gpre-20260507.htm
  HTML page:      https://secwatch.observer/filing/0001309402-26-000058

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer