Green Plains reports Q1 EPS ($1.14), consensus (66c)

Reports Q1 revenue $601.5M, consensus $610.7M. Michelle Mapes, Chief Legal and Administration Officer & Interim Principal Executive Officer, said: “We are making meaningful progress on our ‘Advantage Nebraska’ carbon reduction strategy with construction now underway and on track for a Q4 2025 startup. Since the beginning of the year, we have accomplished approximately $45M of annualized cost savings, and are on pace to reach our $50M target. Based on the decisive steps we’ve taken, we expect approximately $30M of these annualized savings in our corporate and trade SG&A, with a run rate in the low $40M range on an annualized basis by the end of the year. We remain committed to driving efficiency, improving performance and delivering value for our shareholders.” “With our cost reduction initiatives implemented and progressing ahead of plan, paired with a disciplined hedging program overseen by our newly formed Risk Committee, we are positioned to deliver positive EBITDA for the remainder of the year based on current market conditions,” said CFO Phil Boggs. “We have also taken decisive steps to enhance liquidity and remain focused on monetizing non-core assets to strengthen our balance sheet, improve capital access and further reduce our cost structure as we execute on our strategy.”