Green Plains, Inc. · NASDAQ:GPRE
Green Plains — Q3 2025 Earnings Presentation
12 slides from Green Plains's earnings presentation, Nov 5, 2025
Slide 1: Third Quarter 2025 Business Update
Third Quarter 2025 Business Update November 5, 2025
Slide 2: Forward-Looking Statements
Forward-Looking Statements This presentation includes forward-looking statements that reflect management’s current views of company performance, industry conditions and future economic environment. These statements are based on assumptions and various factors that are subject to risks and uncertaint
Slide 3: Third Quarter 2025 Results
Third Quarter 2025 Results Results of Operations • Net income attributable to Green Plains of $11.9 million, or EPS of $0.17 per diluted share • Adjusted EBITDA of $52.6 million • Cash and cash equivalents, and restricted cash of $211.6 million and $325.0 million available under a committed credit f
Slide 4: Business Activity & Updates
Business Activity & Updates • On track for $15 - $25 million of 45Z production tax credit monetization value net of discounts and other costs for the fourth quarter • Carbon capture started up and fully operational at York, Nebraska facility • Central City and Wood River, Nebraska carbon capture sys
Slide 5: Executing on Advantage Nebraska
Executing on Advantage Nebraska Scaling decarbonization across Nebraska Green Plains York Fully online delivering biogenic CO2 to the Tallgrass Trailblazer pipeline Green Plains Wood River & Central City Online and ramping up capture volumes Early Leader in Low-Carbon Markets All eight operating eth
Slide 6: Selected Operating Data
Selected Operating Data (in thousands) For the three months ended September 30, 2025 2024 Ethanol production Ethanol (gallons) 197,264 220,299 Distillers grains (equivalent dried tons) 417 489 Ultra-High Protein (tons) 71 69 Renewable corn oil (pounds) 72,345 77,074 Corn consumed (bushels) 66,601 75
Slide 7: Consolidated Crush Margin
Consolidated Crush Margin For the three months ended September 30, 2025 2024 (in millions) Ethanol production Operating income (1) $ 4.4 $ 35.3 Depreciation and amortization 23.9 21.4 45Z production tax credits (2) 26.5 — Total adjusted ethanol production operating income $ 54.8 $ 56.7 Intercompany
Slide 8: Condensed Consolidated Income Statement
Condensed Consolidated Income Statement (in millions, except per share amounts) For the three months ended September 30, 2025 2024 Revenues $ 508.5 $ 658.7 Costs and expenses 474.6 602.6 Operating income $ 33.9 $ 56.1 Other expense (49.3) (7.9) Income tax benefit 25.6 0.8 Income (loss) from equity m
Slide 9: Select Balance Sheet Data
Select Balance Sheet Data (in millions, except per share amounts) For the period ending Sep. 30, 2025 Dec. 31, 2024 Cash and cash equivalents, and restricted cash $ 211.6 $ 209.4 Working capital $ 57.8 $ 141.6 Working capital financing (1) (65.9) (140.8) Working capital, net $ (8.1) $ 0.8 Net invest
Slide 10: Appendix
Appendix 10 GREEN PLAINS INC.
Slide 11: Non-GAAP Reconciliation
Non-GAAP Reconciliation (in millions) For the three months ended September 30, 2025 2024 Net income $ 11.0 $ 48.6 Interest expense 47.7 10.1 Income tax benefit, net of equity method income taxes (25.6) (1.5) Depreciation and amortization (1) 25.0 26.1 EBITDA $ 58.1 $ 83.3 Restructuring costs 2.7 — G
Slide 12: Thank you
Thank you gpreinc.com 12 GREEN PLAINS INC.