Green Plains Inc. (GPRE)
NASDAQ:GPRE
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Earnings Data
Report Date
Aug 05, 2026Before Open (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
0.5Last Year’s EPS
-1.09Same Quarter Last Year
Strong Buy
Based on 4 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call presents a clearly improved operational and financial picture driven by high plant utilization, record production at key sites, strong gross margins, and substantial, early contribution from the carbon (45Z) program—including an upward revision to 45Z guidance. Management also highlighted disciplined capital allocation, safety achievements, and balance-sheet actions. Remaining risks are largely execution and timing related (credit monetization, compliance/audits), near‑term debt maturity, and commodity/crop exposure, but these do not overshadow the magnitude of the positive operational and earnings progress conveyed on the call.Company Guidance
Material Adjusted EBITDA Recovery and QoQ Improvement
Adjusted EBITDA of $71.5 million in Q1 2026, up $22.0 million versus Q4 2025 (≈44% quarter-over-quarter increase) and more than $95 million higher versus Q1 2025, reflecting a swing to materially stronger profitability year-over-year.
Carbon Program Delivers Immediate Value and Raised Guidance
Carbon (45Z) generated $65.6 million of gross tax-credit value in Q1 and contributed $55.2 million net to adjusted EBITDA in its first full quarter of operation. Company raised full‑year 45Z net EBITDA guidance from at least $188 million to $200–$225 million, with Advantage Nebraska expected to contribute ~$140–$165 million of that range.
High Utilization and Production Records
Plants produced 174 million gallons in the quarter, operating at approximately 97% of capacity; York, NE set a monthly production record (March) and Superior, IA set a quarterly record — demonstrating improved reliability and execution.
Significant Gross Margin and Revenue Improvement
Gross margin improved to $88 million in Q1 2026 versus $3 million in Q1 2025 (an increase of $85 million). Revenue for the quarter was $446 million despite a reduction in gallons sold following the prior sale of the Obion, TN facility.
Return to Net Income and EPS Improvement
Net income attributable to Green Plains was $33 million, or $0.42 per diluted share, compared with a net loss (prior-year) of $1.14 per share — a clear move back to profitability on a per-share basis.
Stronger Balance Sheet and Cash Position (post-quarter)
Unrestricted cash and equivalents were $95.7 million as of March 31 (seasonal decline), and management reports cash plus restricted cash now exceeds $200 million following the final cash payment for 2025 45Z credits received in April.
Lower Operating Costs and SG&A Discipline
Consolidated SG&A totaled $19.5 million in Q1 and continues to trend lower year-over-year; management remains on track for a full-year SG&A target of approximately $90 million.
Operational and Commercial Tailwinds
Pre-45Z gross margin per gallon was roughly $0.10 higher versus Q1 2025, supported by lower corn prices, strong domestic and international ethanol demand (exports), improving corn oil values, and higher protein relative value; EPA RVOs for 2026–2027 were set at record levels, supporting long-term demand.
Safety and Operational Discipline
First quarter completed with no recordable injuries and an insurer recognition for the Central City plant — underscoring operational discipline and safety culture.
Targeted, Economical Capital Allocation
Q1 capex was $6.4 million; sustaining capex guidance is $15–$25 million for 2026. Management is prioritizing sustaining capex, modest CI/efficiency projects (e.g., low-energy distillation to reduce natural gas use by ~30–40%), grain storage (Wood River ~4.5M bushels) and retiring $60 million of 2027 convertible notes at maturity.
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
GPRE Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
May 07, 2026 | $16.97 | $16.46 | -3.01% |
Feb 05, 2026 | $12.60 | $12.66 | +0.48% |
Oct 27, 2025 | $11.15 | $10.63 | -4.66% |
Aug 11, 2025 | $7.40 | $8.84 | +19.39% |
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.
FAQ
When does Green Plains Inc. (GPRE) report earnings?
Green Plains Inc. (GPRE) is schdueled to report earning on Aug 05, 2026, Before Open (Confirmed).
What is Green Plains Inc. (GPRE) earnings time?
Green Plains Inc. (GPRE) earnings time is at Aug 05, 2026, Before Open (Confirmed).
Where can I see when companies are reporting earnings?
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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 2026 (Q2) is 0.5.