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Green Plains Turns Profitable and Raises 2026 EBITDA Guidance

Story Highlights
  • Green Plains swung to a Q1 2026 profit as margins and tax-credit driven EBITDA improved despite lower revenues.
  • The company strengthened its balance sheet, raised tax-credit EBITDA guidance and changed accounting for Section 45Z credits to better reflect low-carbon incentives.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Green Plains Turns Profitable and Raises 2026 EBITDA Guidance

Meet Samuel – Your Personal Investing Prophet

An update from Green Plains ( (GPRE) ) is now available.

Green Plains reported a sharp turnaround for the first quarter of 2026, posting net income of $32.9 million, or $0.42 per diluted share, compared with a $72.9 million loss a year earlier, on revenues that fell to $445.8 million from $601.5 million. EBITDA swung to $71.5 million from a $41.5 million loss, driven by improved ethanol and co-product margins, strong 97% utilization at eight plants, lower SG&A and a $55.2 million benefit from Section 45Z production tax credits, even as ethanol volumes and revenues declined following an asset sale and the end of a third-party marketing agreement.

Management highlighted that the company’s financial position and liquidity have strengthened, aided by rising earnings from its carbon program and disciplined cost control, prompting an increase in full-year EBITDA guidance tied to production tax credits. During the quarter, Green Plains also early adopted new U.S. accounting rules for government grants and shifted its treatment of Section 45Z clean fuel production tax credits to an income-based model that reduces cost of goods sold, a change the company says better reflects the economics of low-carbon fuel incentives and required retrospective balance sheet reclassifications as of December 31, 2025.

The most recent analyst rating on (GPRE) stock is a Buy with a $18.00 price target. To see the full list of analyst forecasts on Green Plains stock, see the GPRE Stock Forecast page.

Spark’s Take on GPRE Stock

According to Spark, TipRanks’ AI Analyst, GPRE is a Neutral.

The score reflects a strong technical uptrend and a notably improved, forward-leaning earnings outlook (carbon monetization, cost controls, and refinancing), partially offset by still-weak underlying profitability and a negative P/E due to ongoing losses and revenue pressure.

To see Spark’s full report on GPRE stock, click here.

More about Green Plains

Green Plains Inc., based in Omaha, Neb., operates in the ethanol production and agribusiness and energy services sectors, running eight ethanol plants and related carbon capture and sequestration operations. The company produces ethanol, distillers grains, Ultra-High Protein, renewable corn oil and also handles grain storage, commodity marketing and merchant trading for its own and third-party biofuel and commodity volumes.

Average Trading Volume: 1,583,061

Technical Sentiment Signal: Buy

Current Market Cap: $1.19B

See more insights into GPRE stock on TipRanks’ Stock Analysis page.

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