Green Plains Reports Third Quarter 2026 Financial Results
Business Wire•05/11/2026•16:05 ET
0
Key Highlights
- ➤Net income $85.4 million, or $1.03 diluted EPS, versus $11.9 million and $0.17
- ➤Record adjusted EBITDA $118.0 million, up from $52.6 million year over year
- ➤Updated 2026 45Z adjusted EBITDA contribution guidance to $230 million-$250 million
- ➤45Z agreement monetizes $250 million-$325 million of 2026 production tax credits
- ➤95% utilization across eight operating ethanol plants supported record quarterly yields
Expert Statements
Chris Osowski, President and Chief Executive Officer of Green Plains
“Green Plains delivered record operating performance across the platform in the third quarter, demonstrating the earnings power we’ve built across the business. Following quarter-end, the execution of our 45Z monetization agreement marked another important milestone by providing greater visibility into converting that value into cash. Together, a stronger base business and increased financial flexibility position us to invest in our platform and pursue opportunities where we believe Green Plains can create additional value for shareholders.”
Ann Reis, Chief Financial Officer of Green Plains
“Our strong cash position and free cash flow allow us to explore a variety of options, but our standards for deploying capital have not changed. Every opportunity will be evaluated against risk-adjusted returns, strategic fit, and its ability to create long-term value. We intend to remain disciplined and selective as we determine where the next dollar of capital can generate attractive returns.”
* Net income attributable to Green Plains of $85.4 million, or EPS of $1.03 per diluted share
* Record adjusted EBITDA of $118.0 million, including $52.6 million from the base business and $65.4 million in 45Z production tax credit value net of discounts and other costs
Get started
Create a free account to read the full story.