NASDAQ$GPRE

Green Plains Inc · Q1 2021 earnings

Q1 2021 earnings · · Investor relations

Briefing

Reported a net loss due to charges related to asset sales and convertible notes, but saw improved margins on ethanol production and progress in transformation initiatives.

Green Plains reported a net loss of $6.5 million, impacted by a gain on asset sales and a charge for extinguishment of convertible notes. Revenues were $553.6 million. The company highlighted progress in its transformation plan, including funding for protein technology deployment and partnerships for carbon capture.

  • Net loss attributable to the company was $6.5 million, or $(0.17) per diluted share.
  • Revenues were $553.6 million for the first quarter of 2021.
  • Fully funded Total Transformation Plan to deploy Fluid Quip’s protein technology.
  • The company had more than $650 million in cash at the end of the quarter.

Headline financials

Total Revenue

$554M

Previous: $633M-12.5%
EPS (adj)

-$0.57

Previous: -$0.47-21.3%
Capital Expenditures

-$31.5M

Previous: -$38.8M+18.7%
Free Cash Flow

-$38.1M

Previous: -$55.2M+31.1%
Net Income

-$6.55M

Previous: -$16.4M+60.2%
Operating Income

$31.3M

Previous: -$54.3M+157.7%
Gross Profit

$44.4M

Previous: $15.6M+183.9%
Cash & Equivalents

$447M

Previous: $194M+129.9%
Total Assets

$1.94B

Previous: $1.64B+18.7%

Revenue & EPS history

Green Plains · Revenue · Quarterly

$554M

Q1 2021-12.5%vs Q1 2020
Beat estimate in 11 of 16 quarters(69%)
ActualEstimate

Revenue by segment

Green Plains · $1.11B total across 2 segments · Q1 2021

  • Ethanol Production
    $554M-12.5%
  • Agribusiness and Energy Services
    $554M

Forward guidance

Green Plains is focused on the construction sequence of MSC Ultra-High Protein deployment, finalizing the selection of a general contractor to build its Ultra-High Protein technology, finalizing Project 24, beginning production of Ultra-High Protein at its Wood River, Nebraska biorefinery, and starting up clean sugar production at its York Innovation Center.

Tailwinds

  • Advancements in Ultra-High Protein purities.
  • Renewable corn oil yields increasing.
  • Innovations in yeasts, oils and sugars.
  • On track to achieve 2024 financial goals.
  • Potential to provide low or even zero carbon biofuels, renewable corn oil and high value protein feed ingredients.

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 2021

Historical avgQ1 2021

+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

Earnings price reactions
QuarterReport dateReaction (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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