NASDAQ$GPRE
Green Plains Inc · Q2 2022 earnings
Q2 2022 earnings · · Investor relations
Briefing
Achieved strong operating results and generated significant positive free cash flow due to modernization and transformation program and non-ethanol contributions.
Green Plains Inc. reported net income of $46.4 million, or $0.73 per diluted share, compared to $9.7 million, or $0.20 per diluted share, for the same period in 2021. Revenues were $1,012.4 million compared to $724.4 million for the same period last year. The company benefited from strong plant utilization rates and non-ethanol contributions such as renewable corn oil and Ultra-High Protein.
- Achieved strong operating results and generated significant positive free cash flow.
- Modernization and transformation program led to strong plant utilization rates.
- Benefitted from non-ethanol contributions such as renewable corn oil and Ultra-High Protein.
- Received $27.7 million in COVID relief from the USDA Biofuel Producer Program.
Headline financials
Revenue & EPS history
Green Plains · Revenue · Quarterly
$1.01B
Revenue by segment
Green Plains · $341M total across 2 segments · Q2 2022
- Ethanol Production$231M-68.1%67.8%
- Agribusiness and Energy Services$110M-84.9%32.2%
Forward guidance
Green Plains is focused on executing its transformation plan, with three MSC locations anticipated to come online in the third and fourth quarter. The company plans to break ground on its first full-scale commercial low-carbon Clean Sugar Technology deployment in Shenandoah, Iowa, during the third quarter and believes they are on track for a 2023 startup.
Tailwinds
- MSC locations under construction are anticipated to come online in the third and fourth quarter.
- Customer engagement is growing globally as Green Plains sends more 50% and 60% corn fermented protein to new and existing customers.
- Anticipate the third quarter to be one of the strongest in new orders.
- Commercialization of 60% protein product is ongoing and Green Plains is realizing continued improvement in operating results.
- Planning to break ground on first full-scale commercial low-carbon Clean Sugar Technology deployment in Shenandoah, Iowa during the third quarter.
Headwinds
- Disruption caused by health epidemics, such as the coronavirus outbreak.
- Competition in the industries in which Green Plains operates.
- Commodity market risks.
- Financial market risks.
- Counterparty risks.
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 2022
+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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