NASDAQ$GPRE

Green Plains Inc · Q4 2025 earnings

Q4 2025 earnings · · Before market open · Investor relations

Briefing

Green Plains reported Q4 2025 revenue of $428.8M with net income of $11.9M and diluted EPS of $0.17.

Fourth quarter revenue was $428.8 million versus $584.0 million a year ago on lower ethanol gallons sold and the exit of third-party marketing. Net income attributable to Green Plains was $11.9 million ($0.17 per diluted share) versus a $54.9 million loss in Q4 2024. Adjusted EBITDA was $49.1 million including $27.6 million of net 45Z production tax credit benefit.

  • Q4 revenue $428.8M; net income $11.9M ($0.17/sh).
  • Adjusted EBITDA $49.1M vs $(18.2)M prior year.
  • Carbon capture operational at three Nebraska plants; 97% utilization.
  • Expects at least $188M of 45Z-related adjusted EBITDA in 2026.

Headline financials

Total Revenue

$429M

Previous: $609M-29.5%
EPS (adj)

$0.17

Previous: -$0.86+119.8%
Ethanol Production (gallons)

403.0M

Previous: 471.3M-14.5%
Consolidated Ethanol Crush Margin

$44.4M

Previous: -$15.5M+386.7%
Distillers Grains (equivalent dried tons)

378.0K

Previous: 469.0K-19.4%
Ultra-High Protein (tons)

60.0K

Previous: 54.0K+11.1%
Renewable Corn Oil (pounds)

64.6M

Previous: 73.4M-12.0%
Corn Consumed (bushels)

60.4M

Previous: 71.2M-15.2%
45Z Production Tax Credits

$27.6M

No prior period
Ethanol Sold (gallons) - Agribusiness

183.1M

Previous: 269.8M-32.1%
Net Income

$11.9M

Previous: -$54.9M+121.7%
Operating Income

-$10.5M

Previous: -$40.9M+74.3%
Gross Profit

$40.2M

Previous: $6.15M+552.8%

Revenue & EPS history

Green Plains · Revenue · Quarterly

$429M

Q4 2025-29.5%vs Q4 2024
Beat estimate in 7 of 15 quarters(47%)
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

The release discusses GPRE's outlook for upcoming periods, including capital allocation, operating priorities, and market risks.

Tailwinds

  • GPRE cites operational execution and demand trends supporting the outlook.
  • Balance sheet and capital actions aim to fund growth and shareholder returns.

Headwinds

  • Macro, pricing, and input-cost volatility could pressure margins.
  • Segment mix and one-time items may affect quarter-to-quarter comparability.

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 2025

Historical avgQ4 2025

+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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