NASDAQ$GPRE

Green Plains Inc · Q2 2021 earnings

Q2 2021 earnings · · Investor relations

Briefing

Green Plains' financial performance improved with a strong second quarter, driven by higher prices and production volumes of ethanol, distillers grains, and corn oil, as well as increased trading revenues.

Green Plains Inc. reported a transformational first half of 2021, culminating in a strong second quarter. The company achieved a net income of $9.7 million, or $0.20 per diluted share, compared to a net loss of $8.2 million, or $(0.24) per diluted share, for the same period in 2020. Revenues increased to $724.4 million compared to $388.0 million for the same period last year.

  • Net income attributable to the company was $9.7 million, or $0.20 per diluted share.
  • Revenues were $724.4 million for the second quarter of 2021.
  • The consolidated ethanol crush margin was $70.2 million, or $0.37 per gallon.
  • Green Plains is advancing strategic growth opportunities in Ultra-High Protein, renewable corn oil, clean sugar, and carbon capture and sequestration.

Headline financials

Total Revenue

$724M

Previous: $418M+73.3%
EPS (adj)

$0.20

Previous: -$0.24+183.3%
Capital Expenditures

-$59.9M

Previous: -$63.9M+6.2%
Free Cash Flow

-$50.2M

Previous: -$72.1M+30.4%
Net Income

$9.74M

Previous: -$8.21M+218.6%
Operating Income

$31M

Previous: -$19.4M+260.2%
Gross Profit

$85M

Previous: $27.1M+213.4%
Cash & Equivalents

$497M

Previous: $163M+204.2%
Total Assets

$1.99B

Previous: $1.57B+26.9%
Stock-Based Comp

$1.09M

Previous: $2.23M-51.4%

Revenue & EPS history

Green Plains · Revenue · Quarterly

$724M

Q2 2021+73.3%vs Q2 2020
Beat estimate in 11 of 16 quarters(69%)
ActualEstimate

Revenue by segment

Green Plains · $1.45B total across 2 segments · Q2 2021

  • Ethanol Production
    $724M+73.3%
  • Agribusiness and Energy Services
    $724M+73.3%

Forward guidance

Green Plains is focused on delivering on its 2024 and 2025 financial goals through a growing focus on low-carbon, innovative ingredients, supported through expanded protein opportunities, renewable corn oil and future opportunities in carbon capture and sequestration.

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 Q2 2021

Historical avgQ2 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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