NASDAQ$GPRE

Green Plains Inc · Q4 2020 earnings

Q4 2020 earnings · · Investor relations

Briefing

Announced financial results for the fourth quarter of 2020, showing a net loss, but highlighted progress in its transformation plan and strategic partnerships.

Green Plains Inc. reported a net loss attributable to the company of $49.6 million, or $(1.43) per diluted share, for the fourth quarter of 2020. Adjusted net loss for the fourth quarter was $18.3 million or $(0.53) per diluted share. Revenues were $478.8 million for the fourth quarter of 2020.

  • Net loss attributable to the company was $49.6 million, or $(1.43) per diluted share.
  • Adjusted net loss for the fourth quarter was $18.3 million or $(0.53) per diluted share.
  • Revenues were $478.8 million for the fourth quarter of 2020.
  • Company had strong liquidity with $275 million of cash.

Headline financials

Total Revenue

$479M

Previous: $716M-33.1%
EPS (adj)

-$0.53

Previous: -$0.41-29.3%
Capital Expenditures

$25.2M

Previous: $32.1M-21.5%
Free Cash Flow

-$2.76M

Previous: -$41.3M+93.3%
Net Income

-$49.6M

Previous: -$39.7M-24.9%
Operating Income

-$19.9M

Previous: -$118M+83.1%
Gross Profit

$38.7M

Previous: $31.2M+23.9%
Cash & Equivalents

$275M

Previous: $270M+1.8%
Total Assets

$275M

Previous: $564M-51.3%
Stock-Based Comp

$2.2M

Previous: $2.29M-4.0%

Revenue & EPS history

Green Plains · Revenue · Quarterly

$479M

Q4 2020-33.1%vs Q4 2019
Beat estimate in 10 of 16 quarters(63%)
ActualEstimate

Revenue by segment

Green Plains · $898M total across 2 segments · Q3 2023

  • Ethanol Production
    $773M-19.0%
  • Agribusiness and Energy Services
    $125M

Forward guidance

Green Plains expects to complete the Clean Sugar Technology™ (CST) production facility at the Green Plains York Innovation Center this quarter. The company is active in over 40 CST dialogues or trials with customers in a wide range of industries including synthetic biology, food production, renewable chemicals and energy, and industrial biotechnology. Green Plains anticipates modifying one or more biorefineries to the CST system to meet anticipated future customer demands.

Tailwinds

  • Completion of Clean Sugar Technology™ (CST) production facility expected this quarter.
  • CST system has significantly lower carbon intensity.
  • Active in over 40 CST dialogues or trials with customers.
  • Exploring expansion of CST system to multiple biorefineries.
  • Focus on innovative, low carbon and sustainable solutions.

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 Q4 2020

Historical avgQ4 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

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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