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Green Plains (GPRE)
NASDAQ:GPRE
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Earnings Data
Report Date
Feb 05, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
-$0.23Last Year’s EPS
$0.12Same Quarter Last Year
Strong Buy
Based on 4 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Oct 31, 2024
|% Change Since: -20.79%
|Next Earnings Date:Feb 05, 2025
Earnings Call Sentiment|Neutral
The earnings call reflected a mix of positive achievements, such as strong EBITDA performance, record production metrics, and advancements in carbon and clean sugar technology. However, these were offset by significant challenges, including a notable revenue decline, protein margin pressure, and delays in the clean sugar technology rollout.Company Guidance
During the Green Plains Inc. Q3 2024 earnings call, the company provided key guidance metrics, highlighting their financial and operational performance. The quarter reported an EBITDA of $83.3 million, which included a $30.7 million gain from the sale of the Birmingham unit train terminal. Excluding this gain, EBITDA from normal operations stood at $53 million. The ethanol operating rate was nearly 97%, while the consolidated crush margin was reported at $58 million. The company's consolidated revenues for the quarter were $658.7 million, marking a decrease of approximately 26% compared to the previous year, primarily due to lower prices for ethanol, dry distillers grains, and renewable corn oil. Net income attributable to Green Plains was $48.2 million, or $0.69 per diluted share, up from $22.3 million, or $0.35 per diluted share, in the same period in 2023. Additionally, the company is advancing its carbon and protein initiatives, with carbon sequestration expected to generate significant future earnings, and the ongoing development of clean sugar technology offering a potential disruptive advantage in the market. Capital expenditures for the year are anticipated to be between $90 million to $100 million, excluding specific carbon capture investments.Strong EBITDA Performance
Reported $83.3 million in EBITDA for Q3, including a $30.7 million gain from the sale of the Birmingham unit train terminal. Normal operations EBITDA was $53 million.
Record Production Metrics
Achieved record production in ultra-high protein and strong corn oil yield. Ethanol operating rate reached nearly 97%.
Ethanol Export Growth
Ethanol exports on track for a record year of 1.8 to 1.9 billion gallons, driven by increased blend mandates and low-carbon programs, particularly in Canada.
Debt Reduction
Used proceeds from the sale of the Birmingham terminal to retire high-priced debt related to Green Plains Partners.
Successful Startup of Clean Sugar Technology
Began supplying product to customers for validation and expects commercial sales in Q4. The technology offers a 40% carbon intensity advantage.
Advancements in Carbon Strategy
Progressed well approvals for the Trailblazer project in Wyoming, with carbon earnings estimations of $130 million per year starting in late 2025.
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GPRE Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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GPRE Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Oct 31, 2024 | $11.64 | $12.23 | +5.07% |
| Aug 06, 2024 | $16.18 | $14.13 | -12.67% |
| May 03, 2024 | $20.74 | $20.17 | -2.75% |
| Feb 07, 2024 | $20.02 | $22.63 | +13.04% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Green Plains (GPRE) report earnings?
Green Plains (GPRE) is schdueled to report earning on Feb 05, 2025, TBA Not Confirmed.
What is Green Plains (GPRE) earnings time?
Green Plains (GPRE) earnings time is at Feb 05, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is GPRE EPS forecast?
GPRE EPS forecast for the fiscal quarter 2024 (Q4) is -$0.23.
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