Earnings Releases·Nov 5, 2026, 4:10 PM ET

Green Plains — Third Quarter 2026 Earnings Summary

Net income surged to $85.4 million ($1.03 per share) in Q3 2026 from $11.9 million ($0.17 per share) in the prior year, while revenues declined 2.5% to $496.0 million; Adjusted EBITDA reached a record $118.0 million, up from $52.6 million, driven by $65.4 million in 45Z tax credit value.
Full-year 2026 guidance for 45Z tax credit contribution was updated to $230 million–$250 million, reflecting the execution of a monetization agreement for $250 million–$325 million of credits and a strong base business performance.
The company maintains a robust liquidity position with $225.1 million in cash and $290.0 million available under its revolving credit facility, supporting disciplined capital deployment and strategic investment opportunities.
Ethanol production segment operating income increased to $99.0 million from $30.9 million, offsetting a 4.1% revenue decline in that segment due to the disposition of the Obion plant, while Agribusiness and energy services revenues rose 14.5% to $46.7 million.