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GPRE · Green Plains Inc.

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$13.32 -0.29 (-2.13%) At close · Nov 13
Russell 2000 member Rebalance outlook locked
Market Cap
$940.65M
Shares
70.62M
Volume · Nov 13 707.2K Avg daily vol (3M) 1.45M

Price & Indicators

Drag to pan · scroll to zoom
Indicators
Price
Panels
Event markers
20d MA 50d MA 200d MA Earnings Filing Insider Congress Investor day
Close$13.32 Open$13.78 Day$13.25–13.78 52W close$9.40–19.23 Avg vol 30d1.4M Short int13.0M · 18.4% of shares · 10.6d Short vol37% Last earningsNov 5, 2026 DataJan 2020–Nov 2026 Filing10-Q · Nov 6

Up next

Next earnings call
Feb 4, 2027 Est · unconfirmed · in 12 wks
Q3 2026 earnings call transcript
call held Nov 5, 2026
Play latest call

Latest documents

2026
Nov 6
Quarterly report 10-Q FY2026 Q3, ended Sep 30
Third-quarter net income rose as tax credits boosted margins

Green Plains reported third-quarter net income of $85,572 thousand, up from $10,974 thousand, and adjusted EBITDA of $117,981 thousand, up from $52,568 thousand; Section 45Z credits reduced cost of goods sold by $67.2 million.

Revenue $495.99M ▼ 2.5% Net income $85.44M ▲ 616.4% Diluted EPS $1.03 ▲ 505.9%
Read from the MD&A section
4 source passages
Incorporated in Iowa, Green Plains is a renewable fuels and agricultural technology company focused on producing low-cost, low-CI ethanol and related co-products, including high protein feeds and corn oil from locally sourced corn. Net income (loss) | 85,572 | 10,974 | * | 186,243 | (133,894) | * Adjusted EBITDA | 117,981 | 52,568 | 124.4% | 282,874 | 44,868 | * Ethanol production includes $67.2 million and $183.7 million of Section 45Z production tax credits net of discounts and other costs for the three and nine months ended September 30, 2026, respectively, and $25.0 million of Section 45Z production tax credits net of discounts and other costs for the three and nine months ended September 30, 2025, recorded as a reduction of cost of goods sold. Open the document at this passage
Nov 5
Earnings call
Adjusted EBITDA reaches record $118 million; carbon outlook rises

Green Plains Inc. reported record third-quarter adjusted EBITDA of $118 million, more than double prior-year results, and expects full-year 2026 carbon EBITDA of approximately $230 to $250 million, with at least $250 million expected in 2027.

3 source passages
Welcome to the Green Plains, Inc. third quarter 2026 earnings conference call. We delivered exceptional third-quarter results with a record $118 million of adjusted EBITDA, more than double our prior year results. We entered 2026 expecting approximately $188 million of carbon EBITDA and are now on track to deliver approximately $230 to $250 million for the full year. Looking ahead to 2027, we currently expect at least $250 million of EBITDA from our low-carbon platform. Open the document at this passage
Nov 5
Current report 8-K
Record third-quarter EBITDA and $85.4 million net income

Green Plains reported third-quarter 2026 net income attributable to the company of $85.4 million and record adjusted EBITDA of $118.0 million. It also executed an agreement on October 29, 2026 to monetize $250 million to $325 million of 2026 45Z production tax credits.

Financial results
3 source passages
Net income attributable to Green Plains of $85.4 million, or EPS of $1.03 per diluted share Record adjusted EBITDA of $118.0 million, including $52.6 million from the base business and $65.4 million in 45Z production tax credit value net of discounts and other costs On October 29, 2026, executed agreement to monetize $250 million to $325 million of 2026 45Z production tax credits Open the document at this passage
Oct 30
Current report 8-K Events of Oct 29
Entered into a material agreement, Regulation FD disclosure

Green Plains Inc. agreed to sell Section 45Z credits generated from ethanol production between January 1, 2026 and December 31, 2026, with a minimum of $250 million and maximum of $325 million; first-half 2026 proceeds are expected during the fourth quarter.

Read from the first part of this long document
All documents

Metrics snapshot

Useful current figures from the complete screener profile.

Revenue (TTM)
$1.82B
Trailing 12 months
Net income (TTM)
$197.19M
Trailing 12 months
Revenue growth YoY
-2.5%
Year over year
Operating margin
9.3%
Trailing 12 months
P / E (TTM)
5.2
Trailing earnings · reciprocal yield 19.1%
FCF yield
8.5%
TTM · current market cap
Return on invested capital
—
Trailing 12 months
Net cash
−$295.06M
Latest balance sheet
Dividend yield
—
Trailing 12 months
Shares change YoY
+9.8%
Year over year · more shares
Price change (1Y)
+40.2%
Trailing year
Short interest
18.4%
Latest settlement · 10.6 days to cover
View all 125 metrics

Quarterly results

Revenue Net income Net loss
▼18% $584.02M −$54.94M '24 Q4* ▲0.7% $601.51M −$72.91M '25 Q1 ▼10.7% $552.83M −$72.24M '25 Q2 ▼22.8% $508.49M $11.93M '25 Q3 ▼26.6% $428.85M $11.94M '25 Q4* ▼25.9% $445.80M $32.94M '26 Q1 ▼19.3% $446.22M $67.15M '26 Q2 LATEST ▼2.5% $495.99M $85.44M '26 Q3

* Q4 derived as the full year minus Q1 to Q3.

AI Brief

Q3 FY26 earnings call · Nov 5, 2026
Q3 FY26

TL;DR. Green Plains reported record adjusted EBITDA of $118.0 million, net income attributable to the company of $85.4 million, and nine-month operating cash flow of $47.4 million, alongside improved base-business profitability, stronger operations, higher 45Z guidance, and greater capital-allocation flexibility. Risks included weaker revenue and ethanol sales volumes, a seasonally softer fourth quarter, potential corn-availability pressure, weaker agribusiness earnings, receivable-related cash conversion, and uncertainty over the 45B program's duration.

Bullish
  • + Full-year 2026 45Z adjusted EBITDA guidance increased to $230 million–$250 million from approximately $188 million, with at least $250 million expected from the low-carbon platform in 2027. new
  • + Platform utilization recovered to approximately 95%, production rose by 14 million gallons sequentially, and ethanol and corn oil yields reached record levels. new
  • + The $250 million–$325 million 45Z monetization agreement provides visibility for converting tax-credit receivables into cash, with approximately $140 million expected to convert during the fourth quarter. new
  • + Stronger base-business performance and improved 45Z cash-flow visibility increased management's capital-allocation flexibility for reinvestment, debt reduction, strategic opportunities, and potential share repurchases. new
Bearish
  • − Management said fourth-quarter industry margins were below levels experienced during parts of the third quarter and described the quarter as softer because of seasonal demand declines. new
  • − Delayed harvest and a sharp decline in corn prices could constrain physical corn availability as the company moves from the fourth quarter into the first quarter. new
  • − Agribusiness and energy services adjusted EBITDA declined 5.4% to $6.3 million in the third quarter. new
  • − Cash conversion during the first three quarters was affected by the build in production tax-credit receivables ahead of monetization. new
  • − Management does not expect the 45B program necessarily to continue in its current format, creating uncertainty about the duration of the window for project returns. new

AI-generated from the earnings call and 8-K · may contain errors · not investment advice

Equibles Rating

blended score · not investment advice
Overall
Sell
SellHoldBuy
Technical Neutral Momentum Weak Sentiment Bullish Fundamentals Fair Quant / Vol Very High
Market backdrop VIX 19.3 · elevated Equity put/call 0.63
Technical
price trend
Neutral
50 / 200-day cross No cross
Price vs 200-day avg −13%
below
Price vs 50-day avg −8%
below
RSI (14) 41
neutral
MACD trend Positive
52-week position 40%
mid-range
Volume (OBV) Confirms
volume backs price
Momentum
relative strength
Weak
1-month return −8%
trailing
6-month return −16%
trailing
YTD return +36%
this year
Relative strength −16%
vs S&P · 6-mo
Sentiment
smart money
Bullish
Trend (MA cross) No cross
50d $15 › 200d $15 — 200d above 50d
Institutional flow Accumulating
181 of 229 funds reported for Sep 30 · net +1.3M sh shares · +18 new
Insider flow Flat
No net insider activity over 90 days
Short interest Falling
18.42% of shares out · ▼ -0.7% MoM · 10.6 days cover
Volume signal Normal
Volume near normal
Institution breadth Multi-yr high
229 holders — near 3-yr high, broad support
Squeeze score 69
elevated · 0–100
Fundamentals
Fair
Revenue growth −15%
Y/Y
Gross margin 7%
expanding
EPS growth −40%
Y/Y
Free cash flow $73.7M
Buyback $77.2M
remaining
Balance sheet $183.6M
net debt
Quant / Vol
risk profile
Very High
Volatility 52%
annualized · 1-yr
Max drawdown −31%
past year
ATR 4.6%
of price · 14-day

Blended from price, momentum, positioning, fundamentals & volatility · daily-close · not investment advice. Market backdrop is context, not part of the score.

Guidance & track record

Latest guidance · from the 8-K filed Nov 5, 2026
Adjusted EBITDA contribution from 45Z tax credit value net of di · 2026 full-year Non-GAAP Initiated $230M – $250M
Previous outlook earlier release · from the Earnings Call filed Aug 6, 2026

Still-open targets the latest release did not restate under the same label.

Interest expense · full year $35M
SG&A expense · the year $90M
Sustaining capex · for the year $25M
Capacity utilization · full year 95%

Guidance from company 8-Ks · delivered figures from as-reported statements · no analyst estimates involved.

Technicals

trend & momentum for long-term holders Neutral
2 · 4 · 1
50 / 200-day cross
No cross Neutral
Price vs 200-day avg
−13% Bearish
Price vs 50-day avg
−8% Bearish
RSI (14)
41 Neutral
MACD trend
Positive Bullish
52-week position
40% Neutral
Volume (OBV)
Confirms Neutral
Market signals — smart money & positioning
Bullish · 3 of 6
Trend (MA cross) No cross
50d $15 › 200d $15 — 200d above 50d
Institutional flow Accumulating
181 of 229 funds reported for Sep 30 · net +1.3M sh shares · +18 new
Insider flow Flat
No net insider activity over 90 days
Short interest Falling
18.42% of shares out · ▼ -0.7% MoM · 10.6 days cover
Volume signal Normal
Volume near normal
Institution breadth Multi-yr high
229 holders — near 3-yr high, broad support
Price context
position in its 52-week range
Range low $9 Now $13 · 40% Range high $19
vs 200-day avg -13% vs 50-day avg -8%

Illustrative technical + ownership context — a signal mix, not investment advice.

Key metrics

the company's own KPIs, from written earnings releases and filings
Metric Latest Period YoY
Adjusted EBITDA non-GAAP 164.89M Six Months Ended June 30 —
Adjusted ethanol production operating income non-GAAP 93.65M Three Months Ended June 30 —
GAAP → non-GAAP reconciliation
GAAP Ethanol production operating income (loss) 70.98M
+22.67M Depreciation and amortization
+0K Impairment of assets held for sale
= Adjusted ethanol production operating income 93.65M
Consolidated ethanol crush margin non-GAAP $95.1M Q2 2026 —
GAAP → non-GAAP reconciliation
GAAP Adjusted ethanol production operating income 93.65M
+1.42M Intercompany fees and nonethanol operating activities, net
= Consolidated ethanol crush margin 95.07M
EBITDA non-GAAP 164.8M Six Months Ended June 30 —
EBITDA resulting from Section 45Z production tax credits net of discounts and other costs $58.7M the three months ended June 30, 2026 filing —
Utilization 88% Q2 2026 —
utilization rate 88.3% the second quarter of 2026 filing —

Figures exactly as the company stated them in writing · click a metric with a to chart its history · period links open the stating document · "filing" marks figures stated in the 10-K/10-Q · YoY needs an exactly comparable prior-year period

Versus peers

Chemicals — same industry group
Open screener →
Company Mkt cap YTD Rev growth Y/Y P/E Short % shares
GPRE
Green Plains Inc.
this stock
$940.65M +35.9% -14.9% — 18.4%
SHECF
Shin-Etsu Chemical Co., Ltd.
 $63.83B +9.9% — — 0.1%
DOW
Dow Inc.
 $23.92B +41.3% -7.0% — 3.8%
CE
Celanese Corp
 $5.64B +21.6% -7.1% 21.7 5.6%
MEOH
Methanex Corp
 $5.45B +77.5% — — 3.1%

Peers by industry group · P/E from as-reported trailing EPS · short % is of shares outstanding

At a glance

key data from every section
Ownership
Institutional Holders Accumulating
Holders
232
% held
116.7%
Reported
181 of 229
Top holder
BlackRock, Inc.
Held Float
View
Held by Funds
Fund positions
242
View
Short & Settlement
Short Interest Falling
Shares short
13.0M
Days to cover
10.6d
Change
-95.8K sh
View
Short Volume
Short vol %
37%
As of
Nov 13, 2026
Short Total
View
Fails to Deliver
FTD shares
106
Value
$1.5K
As of
Oct 13, 2026
View
Off-Exchange
Off-exchange %
42.6%
Week of
Oct 5, 2026
Off-exch Lit
View
Financials
Financials
Revenue (FY)
$2.1B
Net income (FY)
$-121.3M
EPS diluted
$-1.80
View
Buybacks
Authorized
$200.0M
Remaining
$77.2M
Spent Remaining
View
Filings
SEC Filings
Latest
10-Q
Filed
Nov 6, 2026
This year
19

Green Plains reported third-quarter net income of $85,572 thousand, up from $10,974 thousand, and adjusted EBITDA of $117,981 thousand, up from $52,568 thousand; Section 45Z credits reduced cost of goods sold by $67.2 million.

View
Proposed Sales
Value
$1.1M
Shares
65.0K
Filed
Mar 20, 2026
View
Earnings & Events
Webcasts
Last webcast
Nov 5, 2026
View
Investor Relations
Latest news
Green Plains Reports Third Quarte…
Published
Nov 5, 2026
View

Performance

5D 20D 120D MTD YTD
GPRE +0.7% -8.0% -15.9% -5.5% +35.9%
SPY +2.6% -1.2% +0.5% -0.2% +10.6%
vs SPY -1.9% -6.8% -16.4% -5.4% +25.3%

Capital returns

Buyback program · as of Nov 6, 2026
Authorized
$200.00M
Spent (derived)
$122.80M
Remaining
$77.20M
Spent Remaining

Dividends per share over the trailing 365 days by ex-date · buyback figures as last reported in SEC filings ("spent" derived as authorized − remaining; when several programs run concurrently, authorized is their combined total per the newest filing) · components shown separately — trailing-year buyback spend isn't tracked, so no combined shareholder yield is derived.

Key facts CIK 1309402 CUSIP 393222104 13F (30d) 179 filings 156 filers Visit website Investor relations