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Green Plains Inc

For the period ended Dec 31, 2024. Filed Feb 7, 2025.

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About this filing

A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.

FY2024 · Filed Feb 7, 2025

GPRE$13.97+5.6%Stored close · as of Nov 9, 2026

Extracted filing text, with the paragraph anchors used by the comparison.

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Contents

Commonly Used Defined Terms

Green Plains Inc. and Subsidiaries:

Green Plains Inc.; Green Plains; the companyGreen Plains Inc. and its subsidiaries
FQTFluid Quip Technologies, LLC
Green Plains Commodity ManagementGreen Plains Commodity Management LLC
Green Plains Finance CompanyGreen Plains Finance Company LLC
Green Plains GrainGreen Plains Grain Company LLC
Green Plains Mount Vernon; Mount VernonGreen Plains Mount Vernon LLC
Green Plains Obion; ObionGreen Plains Obion LLC
Green Plains Partners; the partnershipGreen Plains Partners LP
Green Plains Shenandoah; ShenandoahGreen Plains Shenandoah LLC
Green Plains TradeGreen Plains Trade Group LLC
Green Plains Wood River; Wood RiverGreen Plains Wood River LLC

Accounting Defined Terms:

ASCAccounting Standards Codification
EBITDAEarnings before interest expense, income taxes, depreciation and amortization
EPSEarnings per share
Exchange ActSecurities Exchange Act of 1934, as amended
GAAPU.S. Generally Accepted Accounting Principles
NasdaqThe Nasdaq Global Market
SECSecurities and Exchange Commission
Securities ActSecurities Act of 1933, as amended
SOFRSecured Overnight Financing Rate

Industry and Other Defined Terms:

ATJAlcohol-to-Jet
BlackRockFunds and accounts managed by BlackRock
BTUBritish Thermal Units
CARBCalifornia Air Resources Board
CICarbon Intensity
COVID-19Coronavirus Disease 2019
CST™Clean Sugar Technology™
DOEDepartment of Energy
E10Gasoline blended with up to 10% ethanol by volume
E15Gasoline blended with up to 15% ethanol by volume
E85Gasoline blended with up to 85% ethanol by volume
EIAU.S. Energy Information Administration
EPAU.S. Environmental Protection Agency
EVElectric Vehicle
FFVFlexible-fuel vehicle
FSSCFood Safety System Certification
GHGGreenhouse gas
GP Turnkey TharaldsonGP Turnkey Tharaldson LLC
IRAInflation Reduction Act
LCFSLow Carbon Fuel Standard
MergerMerger of GPLP Merger Sub LLC, a Delaware limited liability company and a wholly owned subsidiary of GPLP Holdings Inc., a wholly owned subsidiary of Green Plains ("Holdings"), with and into the partnership, with the partnership surviving such merger
Merger AgreementCertain Agreement and Plan of Merger, dated as of September 16, 2023, by and among Green Plains Inc., Holdings, GPLP Merger Sub LLC, a wholly owned subsidiary of Holdings, Green Plains Partners LP, and Green Plains Holdings LLC, the general partner of the partnership (the "General Partner")
MmBtuMillion British Thermal Units
mmgMillion gallons
mmgyMillion gallons per year
MSC™Maximized Stillage Co-products™ produced using process technology developed by Fluid Quip Technologies
MTBEMethyl tertiary-butyl ether
R&D tax creditResearch and development tax credit
RFSRenewable Fuels Standard
RINRenewable identification number
RVORenewable volume obligation
SAFSustainable Aviation Fuel
Sequence™A foundational feed ingredient made from a combination of corn and yeast protein, concentrated at 60%
SRESmall refinery exemption
TTBAlcohol and Tobacco Tax and Trade Bureau
U.S.United States
USDAU.S. Department of Agriculture

Cautionary Statement Regarding Forward-Looking Statements

The SEC encourages companies to disclose forward-looking information so investors can better understand future prospects and make informed investment decisions. As such, forward-looking statements are included in this report or incorporated by reference to other documents filed with the SEC.

Forward-looking statements are made in accordance with safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These statements are based on current expectations that involve a number of risks and uncertainties and do not relate strictly to historical or current facts, but rather to plans and objectives for future operations. These statements may be identified by words such as “anticipate,” “believe,” “continue,” “estimate,” “expect,” “intend,” “outlook,” “plan,” “predict,” “may,” “could,” “should,” “will” and similar expressions, as well as statements regarding future operating or financial performance or guidance, business strategy, environment, key trends and benefits of actual or planned acquisitions.

Factors that could cause actual results to differ from those expressed or implied in the forward-looking statements include, but are not limited to, those discussed in this report under “Risk Factors” or incorporated by reference. Specifically, we may experience fluctuations in future operating results due to a number of economic conditions and other factors, including: the status, expected timing, and expected outcome of our Board of Directors' ongoing review of strategic alternatives; the failure to realize the anticipated results from the new products being developed; the failure to realize the anticipated costs savings or other benefits of the Merger; local, regional and national economic conditions and the impact they may have on the company and its customers; disruption caused by health epidemics; conditions in the ethanol and biofuels industry, including a sustained decrease in the level of supply or demand for ethanol and biofuels or a sustained decrease in the price of ethanol or biofuels; competition in the ethanol industry and other industries in which we operate; commodity market risks, including those that may result from weather conditions; the financial condition of the company’s customers; any non-performance by customers of their contractual obligations; changes in customer, employee or supplier relationships resulting from the merger; changes in safety, health, environmental and other governmental policy and regulation, including changes to tax laws; risks related to acquisition and disposition activities and achieving anticipated results; risks associated with merchant trading; risks related to our equity method investees; the results of any reviews, investigations or other proceedings by government authorities; the performance of the company; and other factors detailed in reports filed with the SEC.

We believe our expectations regarding future events are based on reasonable assumptions; however, these assumptions may not be accurate or account for all risks and uncertainties. Consequently, forward-looking statements are not guaranteed. Actual results may vary materially from those expressed or implied in our forward-looking statements. In addition, we are not obligated and do not intend to update our forward-looking statements as a result of new information unless it is required by applicable securities laws. We caution investors not to place undue reliance on forward-looking statements, which represent management’s views as of the date of this report or documents incorporated by reference.

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The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.