Green Plains, Inc. · NASDAQ:GPRE
Green Plains — Q1 2026 Earnings Presentation
10 slides from Green Plains's earnings presentation, May 7, 2026
Slide 1: Q1 2026 Earnings Call
Q1 2026 Earnings Call May 7, 2026
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: Demonstrating Earnings Power of the Platform
DEMONSTRATING EARNINGS POWER OF THE PLATFORM $32.9 million $0.42 Operational excellence, disciplined cost Net Income EPS management, favorable attributable to (dilutive) market conditions and Green Plains carbon sequestration drove improved Q1 results $71.5 million $445.8 million Adjusted Revenue EB
Slide 4: Quarterly Highlights
QUARTERLY HIGHLIGHTS 174.2 million gallons 54 thousand tons of ethanol of Ultra-High Protein 97%* 58.5 million of production capacity pounds of renewable corn oil 362 thousand tons 58.8 million of distillers grains (dry equivalent) bushels of corn processed $64.6 million consolidated ethanol crush m
Slide 5: Consistent Operations at Scale
Our team is focused on CONSISTENT safe execution to deliver consistent, repeatable OPERATIONS AT results SCALE Safety performance reinforces reliability across the platform Yields and uptime support repeatable margin capture Capital is being directed toward projects that permanently improve reliabil
Slide 6: Updated Carbon Platform Expectations
UPDATED CARBON PLATFORM EXPECTATIONS Expected 2026 EBITDA contribution $200 - 225M from 45z production tax credits Focus on capture efficiency, monetization and $140 - $165M Advantage Nebraska 2026 EBITDA opportunity maximizing 45z value ~$60M Expected EBITDA contributions from 45Z generation at rem
Slide 7: Selected Operating Data
SELECTED OPERATING DATA (In thousands) For the three months ended March 31, 2026 2025 Ethanol production Ethanol (gallons) 174,196 195,328 Distillers grains (equivalent dried tons) 362 417 Ultra-High Protein (tons) 54 68 Renewable corn oil (pounds) 58,476 64,263 Corn consumed (bushels) 58,802 66,264
Slide 8: Consolidated Crush Margin
CONSOLIDATED CRUSH MARGIN (In millions) For the three months ended March 31, 2026 2025 Ethanol production Operating income (loss) (1) $ 39.4 $ (39.5) Depreciation and amortization 23.2 21.0 Adjusted ethanol production operating income (loss) $ 62.6 $ (18.5) Intercompany fees and nonethanol operating
Slide 9: Condensed Consolidated Income Statement
CONDENSED CONSOLIDATED INCOME STATEMENT (In millions, except per share amounts) For the three months ended March 31, 2026 2025 Revenues $ 445.8 $ 601.5 Costs and expenses 401.0 663.8 Operating income (loss) $ 44.8 $ (62.3) Other expense (8.4) (9.4) Income tax benefit (expense) (2.9) (0.1) Loss from
Slide 10: Non-GAAP Reconciliation
NON-GAAP RECONCILIATION (In millions) For the three months ended March 31, 2026 2025 Net income (loss) $ 33.5 $ (72.6) Interest expense 11.5 8.9 Income tax expense (benefit), net of equity method income taxes 2.9 (0.2) Depreciation and amortization (1) 23.6 22.4 EBITDA $ 71.5 $ (41.5) Restructuring