Green Plains Q1 revenue falls 26%, misses analyst estimates

Green Plains

07/05/2026 12:02

Overview

U.S. biorefining company's Q1 revenue fell 26% yr/yr, missing analyst expectations

Adjusted EBITDA turned positive, aided by production tax credits and higher ethanol margins

Company lowered selling, general and administrative expenses compared to last year

Outlook

Green Plains raises 2026 EBITDA guidance from production tax credits to $200-$225 mln

Company expects sustainable cash flow generation through remainder of 2026

Company says financial foundation is stronger, with lower expenses and strong liquidity

Result Drivers

PRODUCTION TAX CREDITS - Recognition of $55.2 mln in Section 45Z production tax credits net of discounts and other costs boosted results

HIGHER ETHANOL MARGINS - Improved ethanol production and agribusiness margins contributed to earnings recovery

LOWER OPERATING EXPENSES - Reduced selling, general and administrative expenses supported profitability

Company press release: ID:nBw32T4pva

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
Miss
$445.80 mln
$465.50 mln (4 Analysts)
Q1 EPS
$0.42
Q1 EBITDA
$71.50 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 4 "strong buy" or "buy", 4 "hold" and no "sell" or "strong sell"

Wall Street's median 12-month price target for Green Plains Inc is $15.50, about 8.7% below its May 6 closing price of $16.97

The stock recently traded at 22 times the next 12-month earnings vs. a P/E of 75 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)