Green Plains Q2 revenue misses estimates
Green Plains Q2 revenue misses estimates
Overview
U.S. biorefining firm's Q2 revenue fell 19% yr/yr, missing analyst expectations
Net income swung to $67.1 mln from a loss last year, aided by 45Z tax credits
Company cut SG&A expenses by 21% yr/yr to $21.7 mln
Outlook
Company did not provide specific guidance for the current quarter or full year
Result Drivers
ETHANOL MARGINS - Higher margins in ethanol production and agribusiness segments contributed to improved profitability
COST CONTROLS - Lower selling, general and administrative expenses supported earnings, aided by prior restructuring
Company press release: ID:nBw23dVgJa
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q2 Revenue | Miss | $446.2 mln | $519.93 mln (3 Analysts) |
Q2 EPS |
| $0.83 |
|
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "strong buy" or "buy", 4 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the renewable fuels peer group is "buy"
Wall Street's median 12-month price target for Green Plains Inc is $20.00, about 21.3% above its August 5 closing price of $16.49
The stock recently traded at 12 times the next 12-month earnings vs. a P/E of 22 three months ago
Reuters Recommended Reads
Aug 5 - Alto Ingredients swings to Q2 profit on higher sales
Aug 4 - ADM lifts 2026 profit forecast on strong margins, favorable biofuels outlook
Aug 5 - Montauk Renewables Q2 revenue beats estimates on higher RINs sales
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.)