NASDAQ$GPRE

Green Plains Inc · Q4 2021 earnings

Q4 2021 earnings · · Investor relations

Briefing

Announced financial results for the fourth quarter and full year 2021.

Green Plains Inc. reported a net loss of $9.6 million for Q4 2021, an improvement compared to the $49.6 million net loss in Q4 2020. Revenues increased to $802.3 million from $478.8 million in the same period last year. The company ended the year with over $685 million in cash and marketable securities.

  • Net loss attributable to the company for the fourth quarter was $9.6 million, or ($0.18) per diluted share.
  • Revenues were $802.3 million for the fourth quarter of 2021.
  • Consolidated ethanol crush margin was $41.0 million, or $0.20 per gallon.
  • Ended the year with over $685 million in cash and marketable securities.

Headline financials

Total Revenue

$802M

Previous: $479M+67.6%
EPS (adj)

-$0.18

Previous: -$0.53+66.0%
Capital Expenditures

$63.5M

Previous: $25.2M+152.0%
Free Cash Flow

-$31.4M

Previous: -$2.76M-1039.0%
Net Income

-$9.6M

Previous: -$49.6M+80.6%
Operating Income

$42.6M

Previous: -$19.9M+314.1%
Gross Profit

$56M

Previous: $38.7M+44.9%
Cash & Equivalents

$686M

Previous: $275M+149.6%
Total Assets

$686M

Previous: $275M+149.6%
Stock-Based Comp

$2.08M

Previous: $2.2M-5.3%

Revenue & EPS history

Green Plains · Revenue · Quarterly

$802M

Q4 2021+67.6%vs Q4 2020
Beat estimate in 12 of 16 quarters(75%)
ActualEstimate

Revenue by segment

Green Plains · $201M total across 1 segment · Q4 2021

  • Ethanol Production
    $201M

Forward guidance

Green Plains anticipates higher asset utilization in 2022 and expects to begin full commercial-scale 60% protein trial in the first quarter of 2022. They expect to break ground on a novel dextrose production facility in the second half of the year and are in discussions with potential partners in protein, corn oil, sugar, and carbon.

Tailwinds

  • Asset utilization rate will continue to improve in 2022.
  • Locations begin to ramp toward full capacity with plant efficiency upgrades.
  • Anticipate higher utilization in preparation for increased Ultra-High Protein production.
  • Expect to begin full commercial-scale 60% protein trial in the first quarter of 2022.
  • Expect to break ground on a novel dextrose production facility in the second half of the year.

Headwinds

  • Experienced supply chain and permitting delays at certain facilities.
  • Fuel alcohol production was impacted by delays.
  • Incurred grain bin damage at York location which limited its production capacity of specialty alcohols.

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 2021

Historical avgQ4 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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