Recent Updates — GPRE

Green Plains Inc. entered into a Tax Credit Purchase Agreement with two unaffiliated institutional counterparties to transfer Clean Fuel Production Tax Credits (Section 45Z) generated from its ethanol production facilities during the 2026 calendar year. The agreement commits buyers to purchase a minimum of $250 million in credits, with an aggregate maximum of $325 million, subject to generation and availability based on current carbon intensity scores. Green Plains expects to receive $140 million in cash proceeds during the fourth quarter of 2026 for credits generated through June 30, 2026, with remaining proceeds expected in the first half of 2027 following compliance reporting. The transaction provides increased visibility into cash generation and flexibility to strengthen the balance sheet. Green Plains Inc. is a leading producer of low-carbon biofuels and value-added products.

Green Plains Inc. reported second quarter 2026 financial results, posting net income of $67.1 million ($0.83 diluted EPS) compared to a $72.2 million loss in the prior year period. Revenues decreased 19.3% to $446.2 million due to lower volumes and the disposition of the Obion, Tennessee plant. Adjusted EBITDA surged to $93.3 million from $16.4 million, driven by a $58.7 million recognition of Section 45Z production tax credits net of discounts and costs, alongside improved ethanol crush margins of $95.1 million. The company sold 160.7 million gallons of ethanol with 88% plant utilization and reduced SG&A expenses by 21%. Green Plains operates in the biorefining industry, producing low-carbon biofuels and high-value ingredients.