NASDAQ$GPRE
Green Plains Inc · Q1 2020 earnings
Q1 2020 earnings · · Investor relations
Briefing
Green Plains experienced a net loss but demonstrated resilience through risk management and cost reduction strategies.
Green Plains Inc. reported a net loss of $16.4 million, or $(0.47) per diluted share, for the first quarter of 2020, compared to a net loss of $42.8 million, or $(1.06) per diluted share, for the same period in 2019. Revenues increased to $632.9 million from $438.6 million year-over-year. The company's performance was supported by risk management programs and cost reduction efforts, resulting in a strong cash position of over $205 million.
- Net loss attributable to the company was $16.4 million, an improvement from the $42.8 million loss in Q1 2019.
- Revenues increased to $632.9 million compared to $438.6 million in the same period last year.
- The company's risk management programs and Project 24 initiative positively impacted margins and reduced operating costs.
- Green Plains had over $205 million in cash at the end of the first quarter, maintaining a strong liquidity position.
Headline financials
Revenue & EPS history
Green Plains · Revenue · Quarterly
$633M
Revenue by segment
Green Plains · $633M total across 1 segment · Q1 2020
- Ethanol Production$633M—100.0%
Forward guidance
Green Plains anticipates a positive impact on the second quarter due to sales of FDA approved FCC Grade alcohol for use in hand sanitizers and cleaning products and completion of Project 24 upgrades.
Tailwinds
- Successful startup of high protein production at Shenandoah biorefinery.
- Project 24 upgrades are on track to enhance operational competitiveness.
- Green Plains Cattle Company achieved record results due to strong demand.
- Sales of FDA approved FCC Grade alcohol for sanitizers are expected to positively impact Q2.
- The company anticipates these sales will have a positive impact on the second quarter.
Headwinds
- COVID-19 pandemic and related economic repercussions have created significant volatility.
- Deterioration in prices and demand for energy commodities and motor fuels, including ethanol.
- Uncertainty regarding the overall impact of COVID-19 on the company's financial position and operations.
- The GPP revolving credit facility will mature on July 1, 2020 unless extended.
- Market capitalization declined significantly due to macroeconomic conditions and the COVID-19 pandemic which led to a drop in demand for ethanol globally.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q1 2020
+1.7%
Avg return
Earnings day
+4.5%
Avg return
5 days after
+0.8%
Avg return
30 days after
58%
38 / 65 earnings
Positive
+28.2%
Q3 2012
Best reaction
-20.4%
Q4 2024
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | -3.4% | -1.2% | -11.8% | |
| Q4 2025 | +0.5% | +16.9% | +25.6% | |
| Q3 2025 | +12.7% | -2.5% | -2.8% | |
| Q1 2025 | +1.9% | +35.0% | +10.6% | |
| Q4 2024 | -20.4% | -24.8% | -30.8% | |
| Q3 2024 | +2.6% | +10.6% | -7.2% | |
| Q2 2024 | -10.8% | -18.4% | -15.9% | |
| Q1 2024 | -4.1% | -5.6% | -17.2% | |
| Q4 2023 | +18.0% | +22.9% | +3.2% | |
| Q3 2023 | -2.6% | -1.4% | -13.0% | |
| Q2 2023 | -4.2% | -1.1% | -8.8% | |
| Q1 2023 | -4.8% | -11.1% | -5.8% | |
| Q4 2022 | +3.0% | +4.2% | -6.7% | |
| Q3 2022 | +13.2% | +19.6% | +26.8% | |
| Q2 2022 | +4.2% | +3.5% | -0.3% | |
| Q1 2022 | +8.7% | +14.5% | +23.6% | |
| Q4 2021 | -18.3% | -14.6% | -6.4% | |
| Q3 2021 | +8.2% | +7.1% | -6.9% | |
| Q2 2021 | +6.8% | -1.2% | +1.8% | |
| Q1 2021 | +2.9% | +7.3% | +9.9% | |
| Q4 2020 | +13.6% | +27.1% | +31.7% | |
| Q3 2020 | -2.3% | +8.7% | +3.9% | |
| Q2 2020 | +2.1% | +11.1% | +8.0% | |
| Q1 2020 | +17.0% | +26.2% | +66.0% | |
| Q4 2019 | +5.0% | +6.0% | -52.5% | |
| Q3 2019 | +12.3% | +17.5% | +7.7% | |
| Q2 2019 | -3.3% | -8.4% | -7.0% | |
| Q1 2019 | -2.4% | -3.0% | -22.3% | |
| Q4 2018 | +7.9% | +14.7% | +20.9% | |
| Q3 2018 | -0.3% | -4.0% | -11.5% | |
| Q2 2018 | +4.8% | +4.2% | +6.9% | |
| Q1 2018 | +7.0% | +7.5% | +15.0% | |
| Q4 2017 | +8.6% | +9.2% | +13.4% | |
| Q3 2017 | -8.5% | -6.9% | -7.2% | |
| Q2 2017 | -4.5% | -3.5% | -12.1% | |
| Q1 2017 | +10.2% | +12.0% | -7.2% | |
| Q4 2016 | +11.2% | +0.4% | -4.4% | |
| Q3 2016 | +2.5% | -2.5% | +5.4% | |
| Q2 2016 | -5.2% | -0.7% | +7.1% | |
| Q1 2016 | -6.8% | — | — | |
| Q4 2015 | -19.3% | — | — | |
| Q3 2015 | +10.5% | — | — | |
| Q2 2015 | +4.8% | — | — | |
| Q1 2015 | +1.0% | — | — | |
| Q4 2014 | +4.6% | — | — | |
| Q3 2014 | +11.6% | — | — | |
| Q2 2014 | -3.3% | — | — | |
| Q1 2014 | +6.1% | — | — | |
| Q4 2013 | +1.1% | — | — | |
| Q3 2013 | +5.5% | — | — | |
| Q2 2013 | -7.8% | — | — | |
| Q1 2013 | +4.1% | — | — | |
| Q4 2012 | +9.6% | — | — | |
| Q3 2012 | +28.2% | — | — | |
| Q2 2012 | -18.5% | — | — | |
| Q1 2011 | -2.3% | — | — | |
| Q1 2012 | -10.3% | — | — | |
| Q4 2009 | +5.6% | — | — | |
| Q4 2011 | +5.6% | — | — | |
| Q3 2010 | -1.4% | — | — | |
| Q3 2011 | -1.4% | — | — | |
| Q4 2010 | -2.9% | — | — | |
| Q2 2010 | -2.9% | — | — | |
| Q2 2011 | -2.9% | — | — | |
| Q1 2010 | +1.3% | — | — |
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