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Green Plains
Green Plains (GPRE) investor relations material
Green Plains Q4 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q4 2025 earnings summary5 Feb, 2026
Executive summary
Achieved net income of $11.9 million ($0.17 per diluted share) in Q4 2025, reversing a net loss of $54.9 million in Q4 2024, reflecting strong operational execution and efficiency improvements.
Adjusted EBITDA for Q4 2025 was $49.1 million, up from -$18.2 million in Q4 2024, driven by higher margins and 45Z tax credits.
Revenue for Q4 2025 was $428.8 million, down 26.6% year-over-year due to asset sales, idled facilities, and the end of a third-party marketing agreement.
Four plants set ethanol production records in 2025, with seven plants achieving record yields; Advantage Nebraska and three Nebraska plants are fully operational and sequestering CO2.
Added new CFO and legal leadership, and refreshed board with three new independent members to support governance and tax credit monetization.
Financial highlights
Q4 2025 net income was $11.9 million, compared to a net loss of $54.9 million in Q4 2024.
Adjusted EBITDA for Q4 2025 was $49.1 million, up from -$18.2 million in Q4 2024.
Revenue for Q4 2025 was $428.8 million, down from $584.0 million in Q4 2024.
SG&A expenses reduced by $2.8 million year-over-year; Q4 2025 SG&A was $22.9 million.
Interest expense for Q4 2025 was $6.1 million, down $1.6 million from prior year.
Outlook and guidance
Expecting at least $188 million of adjusted EBITDA from carbon-related activities in 2026, subject to production and CI factors.
All plants are on track to qualify for 45Z credits in 2026, with an expected $38 million in 45Z generation from remaining facilities.
SG&A run rate projected in the low $90 million range for 2026, over $25 million lower than 2024.
Sustaining capital expenditures for 2026 expected to total $15–$25 million.
Interest expense for 2026 forecasted at $30–$35 million.
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Next Green Plains earnings date
Q1 20267 May, 2026
Green Plains
Next Green Plains earnings date
Q1 20267 May, 2026
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Frequently asked questions
Green Plains Inc is a biorefining company focused on the production of low-carbon fuels and high-protein ingredients. The company operates ethanol production facilities and develops sustainable agricultural and food technology solutions, including renewable corn oil and feed products. The company is headquartered in Omaha, Nebraska, and its shares are listed on the NASDAQ.
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