Press release
Green Plains Reports Fourth Quarter and Full Year 2022 Financial Results
Results for the Fourth Quarter and Full Year 2022: Fourth quarter EPS of $(0.66) per basic and diluted share, compared to EPS of $(0.18) per basic and
About this update from Green Plains, Inc.
[{"type":"text","content":"\nResults for the Fourth Quarter and Full Year 2022:\n\n\nFourth quarter EPS of $(0.66) per basic and diluted share, compared to EPS of $(0.18) per basic and diluted share for the same period in the prior year\n\n\nFull Year EPS of $(2.29) per basic and diluted share, compared to EPS of $(1.41) per basic and diluted share for the prior year\n\n\nPositive fourth quarter consolidated ethanol crush margin of $0.03 per gallon, inclusive of negative impact of winter storms across the platform\n\n\nBusiness Highlights:\n\n\nProtein technology currently operating at five facilities, with approximately 330,000 tons of annual capacity, and protein ingredients shipping from each of these facilities during the first quarter of 2023\n\n\nProtein sales program on track with achievement of contracted and anticipated recurring customer sales of approximately 75% of platform capacity for 2023 across numerous species and high-value markets\n\n\nAchieved record renewable corn oil yield across the platform, driven by MSC™ installations coming online\n\n\nClean Sugar Technology™ construction at Green Plains Shenandoah underway and conversations advancing with numerous potential customers and co-location partners\n\n\nDevelopment of a novel Sustainable Aviation Fuel technology underway through a joint venture, Blue Blade Energy, with United Airlines and Tallgrass\n\n\nFurther executing on carbon strategy alternatives through potential opportunity in synthetic methane production with Osaka Gas USA and Tallgrass\n\n\nStrong position to continue executing transformation plan with $500.3 million of cash, cash equivalents, and restricted cash along with $235.0 million available under a committed credit facility\n\n\n OMAHA, Neb.--(BUSINESS WIRE)--\nGreen Plains Inc. (NASDAQ:GPRE) today announced financial results for the fourth quarter and full year 2022. Net loss attributable to the company was $38.6 million, or $(0.66) per basic and diluted share for the fourth quarter compared to net loss attributable to the company of $9.6 million, or $(0.18) per basic and diluted share, for the same period in 2021. Revenues for the quarter were $914.0 million compared with $802.3 million for the same period in the prior year. EBITDA was $5.7 million for the quarter compared to $30.3 million for the same period in 2021.\n\n“Execution on our transformation plan hit an...