Green Plains reports Q3 EPS 69c, consensus 15c

Reports Q3 revenue $658.7M, consensus $666.96M. “Our financial performance was strong this quarter, as our entire platform performed well, which is a testament to our ongoing focus on operational excellence,” said CEO Todd Becker. “We continue to achieve higher ethanol production rates achieving a platform utilization rate of 97%, and we produced record levels of Ultra-High Protein and renewable corn oil….We are increasingly confident about our ‘Advantage Nebraska’ strategy, and with the recent Class VI well approval in Wyoming we remain on track for second half of 2025 operation as we expect that construction of the compression facilities will commence in the coming weeks…We delivered a production record of Ultra-high Protein in the quarter as yields continue to improve and we streamline the operations of our MSC facilities…Our financial position and liquidity are even stronger after the third quarter as we generated solid free cash from operations. Completing the sale of our unit train terminal in Birmingham, Alabama, enabled us to pay off higher-priced debt that remained from Green Plains (GPRE) Partners”.