Green Plains, Inc. · NASDAQ:GPRE
Green Plains — Q2 2026 Earnings Presentation
10 slides from Green Plains's earnings presentation, Aug 6, 2026
Slide 1: Q2 2026 Earnings Call
Q2 2026 Earnings Call August 6, 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 $67.1 million $0.83 Operational excellence, disciplined cost Net Income EPS management, favorable attributable to (dilutive) market conditions and Green Plains carbon sequestration drove improved Q2 results $93.3 million $446.2 million Adjusted Revenue EB
Slide 4: Quarterly Highlights
QUARTERLY HIGHLIGHTS 160.7 million gallons 49 thousand tons of ethanol of Ultra-High Protein 88%* 58.3 million of production capacity pounds of renewable corn oil 323 thousand tons 54.6 million of distillers grains (dry equivalent) bushels of corn processed $95.1 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: Carbon Platform Expectations
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 remaining f
Slide 7: Selected Operating Data
SELECTED OPERATING DATA (In thousands) For the three months ended June 30, 2026 2025 Ethanol production Ethanol (gallons) 160,700 193,571 Distillers grains (equivalent dried tons) 323 413 Ultra-High Protein (tons) 49 66 Renewable corn oil (pounds) 58,332 65,231 Corn consumed (bushels) 54,558 65,312
Slide 8: Consolidated Crush Margin
CONSOLIDATED CRUSH MARGIN (In millions) For the three months ended June 30, 2026 2025 Ethanol production Operating income (loss) (1) $ 71.0 $ (12.2) Depreciation and amortization 22.7 22.9 Impairment of assets held for sale — 10.7 Adjusted ethanol production operating income 93.7 21.4 Intercompany f
Slide 9: Condensed Consolidated Income Statement
CONDENSED CONSOLIDATED INCOME STATEMENT (In millions, except per share amounts) For the three months ended June 30, 2026 2025 Revenues $ 446.2 $ 552.8 Costs and expenses 378.3 581.1 Operating income (loss) $ 67.9 $ (28.3) Other expense (6.2) (13.3) Income tax benefit (expense) 5.5 (2.3) Loss from eq
Slide 10: Non-GAAP Reconciliation
NON-GAAP RECONCILIATION (In millions) For the three months ended June 30, 2026 2025 Net income (loss) $ 67.2 $ (72.2) Interest expense 8.1 13.8 Income tax expense (benefit), net of equity method income taxes (5.5) 1.9 Depreciation and amortization (1) 23.4 27.6 EBITDA $ 93.2 $ (28.9) Restructuring c