Green Plains
Turns Midwest corn into ethanol, feed ingredients, renewable corn oil, and commodity services.
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Profile
Produces ethanol, distillers grains, Ultra-High Protein, and renewable corn oil through Midwest biorefineries, with commodity services handling grain procurement, storage, marketing, and energy inputs. The model depends on corn and natural-gas costs, product spreads, carbon-capture execution, and clean-fuel tax-credit rules.
Produces ethanol, distillers grains, Ultra-High Protein, and renewable corn oil through a Midwest biorefinery network. Agribusiness and Energy Services adds grain procurement, storage, commodity marketing, co-product distribution, third-party ethanol marketing, and natural-gas purchasing.
Current strategy centers on extracting more value from corn inputs, not only selling fuel ethanol. FQT separation technology supports Ultra-High Protein production and higher corn-oil yields, while carbon-intensity reduction and carbon capture are part of the low-carbon fuel platform.
Operations are concentrated in the U.S. Midwest and shaped by commodity spreads, plant utilization, feed-market acceptance, renewable diesel and biodiesel demand, CCS execution, and clean-fuel tax-credit rules.
Company facts
Categories
Key statistics
Year to date +42.5% · Average volume (30d) 1.4M
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Prior rating | Rating | Prior target | Target |
|---|---|---|---|---|---|---|
| Jul 17, 2026 | UBS | Reiterate | Neutral | $12 | $20 | |
| May 8, 2026 | Oppenheimer | Target | $16 | $20 | ||
| May 8, 2026 | Stephens | Target | $17 | $20 | ||
| Feb 9, 2026 | Stephens | Target | $17 | |||
| Feb 9, 2026 | Stephens & Co. | Upgrade | Equal Weight | Overweight |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Aug 6, 2026Q2 FY26 | $0.54 | $0.83 | +53.4% | $542.4M | $446.2M | −17.7% | −7.82% |
| May 7, 2026Q1 FY26 | −$0.01 | $0.42 | +4,300.0% | $532.5M | $445.8M | −16.3% | +10.51% |
| Feb 5, 2026Q4 FY25 | $0.09 | $0.17 | +88.9% | $538.3M | $428.8M | −20.3% | +9.40% |
| Nov 5, 2025Q3 FY25 | −$0.03 | $0.35 | +1,285.6% | $583.5M | $508.5M | −12.9% | −14.72% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $601.5M | $552.8M | $508.5M | $428.8M | $455.2M | $446.2M | |
| Gross profit | $3.0M | $41.6M | $52.2M | −$58.3M | $77.6M | $113.0M | |
| Operating income | −$62.3M | −$28.4M | $33.9M | −$27.5M | $58.1M | $67.9M | |
| Net income | −$72.9M | −$72.2M | $11.9M | $11.9M | $32.9M | $67.1M | |
| Diluted EPS | −$1.14 | −$1.09 | $0.15 | $0.17 | $0.39 | $0.83 | |
| Gross margin | 0.5% | 7.5% | 10.3% | -13.6% | 17.1% | 25.3% | |
| Operating margin | -10.4% | -5.1% | 6.7% | -6.4% | 12.8% | 15.2% |
Fiscal years (4-quarter sums)FY21 $2.83B · FY22 $3.66B · FY23 $3.30B · FY24 $2.46B · FY25 $2.09B
Revenue by product · Q2 FY26
Balance sheet, Jun 30, 2026Cash & short-term investments $185.4M · Total debt $548.6M · Total assets $1.66B · Shareholders' equity $869.9M
Dividends
No dividends on record.
Ownership
A 13F quarter can total more than the shares outstanding — sub-advisers file the same block twice, and a filer's own share count can be a quarter stale. No split is drawn from it.
Shares outstanding 70.03M · Float 67.53M · 96.4% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| BlackRock, Inc. | 10.19M | 14.55% | 13F | Aug 7, 2026 |
| DiSanto Frederick D. | 5.84M | 8.70% | 13D | May 9, 2025 |
| Cooper Creek Partners Management LLC | 4.08M | 6.30% | 13G | Nov 20, 2024 |
| Goldman Sachs Group Inc | 4.02M | 5.75% | 13F | Aug 14, 2026 |
| Grantham, Mayo, van Otterloo & Co. LLC | 3.90M | 5.57% | 13F | Aug 13, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Mar 6, 2026 | Patrick Francis Sweeney | director | +6,383 | $15.87 |
| Sep 22, 2025 | Michelle Mapes | officer: Chief Legal and Admin Officer | −30,954 | $9.51 |
Peers
- Valero Energy
Scale ethanol peer with renewable diesel exposure
- Archer Daniels Midland
Broad agribusiness peer across ethanol, feed, and corn inputs
- The Andersons
Renewables and agribusiness peer with ethanol merchandising overlap
- REX
Pure-play ethanol and by-products peer
- Alto
Renewable fuels and specialty alcohol peer with feed co-products
- Aemetis
Low-carbon ethanol peer with California RNG adjacency
- Bunge
Oilseed, feed-protein, and grain merchandising competitor
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Green Plains | $14.66 | +0.07% | $1.03B | 9.5 | 8.7 | 0.6 | −19.3% |
| Valero Energy | $352.97 | +0.19% | $101.45B | 14.6 | 8.3 | 0.8 | +48.8% |
| Archer Daniels Midland | $81.68 | +0.17% | $39.30B | 22.3 | 14.1 | 0.5 | +7.1% |
| The Andersons | $64.33 | −0.33% | $2.20B | 12.5 | 10.7 | 0.2 | −1.2% |
| REX | $41.35 | +0.07% | $1.36B | 14.7 | — | 2.1 | −1.2% |
| Alto | $4.02 | −1.47% | $315.4M | 6.1 | 15.2 | 0.3 | +12.5% |
| Aemetis | $1.84 | −1.34% | $130.9M | — | — | 0.6 | +20.0% |
| Bunge | $115.30 | −0.13% | $22.19B | 22.4 | 10.8 | 0.2 | +88.3% |
| Median | 14.7 | 10.8 | 0.5 | +12.5% |