Green Plains Inc.
For the period ended Aug 6, 2026. Filed Aug 6, 2026.
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A notice of a major event between regular reports, such as results, a deal or a change of executives. It is often the first formal record of the news.
Aug 6, 2026 · Filed Aug 6, 2026
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Contents
EX-99.1 · SEGMENT OPERATIONS
SEGMENT OPERATIONS
| Three Months EndedJune 30, | Six Months EndedJune 30, | |||||
|---|---|---|---|---|---|---|
| 2026 | 2025 | % Var. | 2026 | 2025 | % Var. | |
| Revenues | ||||||
| Ethanol production | $410,768 | $527,153 | (22.1)% | $804,127 | $1,024,925 | (21.5)% |
| Agribusiness and energy services | 39,546 | 31,531 | 25.4 | 98,151 | 141,360 | (30.6) |
| Intersegment eliminations | (4,090) | (5,855) | (30.1) | (10,250) | (11,941) | (14.2) |
| $446,224 | $552,829 | (19.3)% | $892,028 | $1,154,344 | (22.7)% | |
| Gross margin | ||||||
| Ethanol production (1) (2) | $104,229 | $33,490 | * | $175,957 | $27,798 | * |
| Agribusiness and energy services | 8,801 | 8,080 | 8.9 | 25,019 | 16,811 | 48.8 |
| $113,030 | $41,570 | 171.9% | $200,976 | $44,609 | * | |
| Depreciation and amortization | ||||||
| Ethanol production | $22,673 | $22,918 | (1.1)% | $45,891 | $43,953 | 4.4% |
| Agribusiness and energy services (3) | 31 | 3,860 | (99.2) | 62 | 4,458 | (98.6) |
| Corporate activities | 745 | 782 | (4.7) | 1,133 | 1,536 | (26.2) |
| $23,449 | $27,560 | (14.9)% | $47,086 | $49,947 | (5.7)% | |
| Operating income (loss) | ||||||
| Ethanol production (2) (4) (5) | $70,977 | $(12,218) | * | $110,399 | $(51,768) | * |
| Agribusiness and energy services (3) | 6,699 | 849 | * | 20,531 | 3,282 | * |
| Corporate activities (6) (7) | (9,802) | (16,994) | (42.3) | (18,284) | (42,137) | (56.6) |
| $67,874 | $(28,363) | * | $112,646 | $(90,623) | * | |
| Adjusted EBITDA | ||||||
| Ethanol production (2) (4) (5) | $94,454 | $8,992 | * | $157,510 | $(10,424) | * |
| Agribusiness and energy services | 6,924 | 5,028 | 37.7 | 20,935 | 8,184 | 155.8 |
| Corporate activities (8) | (8,078) | (42,903) | (81.2) | (13,642) | (68,149) | (80.0) |
| EBITDA | 93,300 | (28,883) | * | 164,803 | (70,389) | * |
| Restructuring costs | — | 2,520 | * | — | 19,106 | * |
| Loss on sale of assets | — | 4,044 | * | — | 4,044 | * |
| Impairment of assets held for sale | — | 10,724 | * | — | 10,724 | * |
| Loss on sale of equity method investment | — | 26,987 | * | — | 26,987 | * |
| Proportional share of EBITDA adjustments to equity method investees | 45 | 1,050 | (95.7) | 90 | 1,828 | (95.1) |
| $93,345 | $16,442 | * | $164,893 | $(7,700) | * | |
(1) Ethanol production includes $60.4 million and $116.5 million of Section 45Z production tax credits net of discounts and other costs for the three and six months ended June 30, 2026, recorded as a reduction of cost of goods sold.
(2) Ethanol production includes margins from a one-time sale of accumulated RINs of $22.6 million for the three and six months ended June 30, 2025.
(3) Depreciation and amortization for agribusiness and energy services includes impairment of property and equipment of $3.1 million for the three and six months ended June 30, 2025.
(4) Ethanol production includes $58.7 million and $113.9 million of 45Z production tax credits recorded net of discounts, other costs and selling, general and administrative expenses for the three and six months ended June 30, 2026, respectively.
(5) Ethanol production includes impairment of assets held for sale of $10.7 million for the three and six months ended June 30, 2025.
(6) Corporate activities includes $1.7 million and $12.0 million of restructuring costs for the three and six months ended June 30, 2025 as a result of the company's cost reduction initiative, including severance related to the departure of its former CEO.
(7) Corporate activities include a pretax loss on sale of assets of $4.0 million for the three and six months ended June 30, 2025.
(8) Corporate activities include a pretax loss on sale of assets of $4.0 million and a pretax loss on sale of equity method investment of $27.0 million for the three and six months ended June 30, 2025, respectively.
*Percentage variance not considered meaningful
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