Green Plains swings to Q2 net income of $67.1M; adjusted EBITDA $93.3M on 45Z credits

Green Plains Inc.

Net income of $67.1M ($0.83 diluted EPS) vs net loss of $72.2M ($1.09 loss) in Q2 2025.
Revenue $446.2M, down 19% YoY; ethanol production segment sold 160.7M gallons (down 17%).
Consolidated ethanol crush margin $95.1M vs $26.3M; includes $58.7M in 45Z production tax credits net of discounts.
SG&A reduced 21% to $21.7M; operating cash flow $86.3M; total debt $483.7M.
Revolver facility reduced from $350M to $300M, termination extended to Sept 2027.

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