Green Plains — Third Quarter 2026 Earnings Summary

Green Plains reported a net income of $85.4 million for the third quarter of 2026, representing earnings of $1.03 per diluted share. The company achieved a record adjusted EBITDA of $118.0 million, driven by a $65.4 million contribution from Section 45Z production tax credits alongside strong operational execution across its ethanol plants. Revenues for the quarter totaled $496.0 million, while the consolidated ethanol crush margin increased significantly to $122.8 million compared to the prior year period. Additionally, the company updated its full-year 2026 adjusted EBITDA guidance to a range of $230 million to $250 million from 45Z tax credit value and executed an agreement to monetize between $250 million and $325 million of 2026 tax credits.