Green Plains Inc. — Form 8-K
Filed August 6, 2026 · analyzed by the 8-K Agent
8-K
▲ Likely positive
significance 48/100
What the filing says
Green Plains reported Q2 2026 net income of $67.1M ($0.83 diluted EPS) versus Q2 2025 loss of $72.2M ($1.09 loss per share). Adjusted EBITDA surged to $93.3M (vs. $16.4M prior year), with $58.7M from Section 45Z clean fuel production tax credits recorded as cost reduction. Crush margin improved to $95.1M from $26.3M despite lower ethanol volumes (160.7M gallons vs. 193.6M). Cash from operations reached $86.3M in Q2; total debt stood at $483.7M with $243.1M cash on hand.
Why this rating
Strong earnings turnaround ($139M swing) is positive, but heavily dependent on $58.7M 45Z tax credits—a non-recurring policy benefit. Core crush margin improvement ($68.8M gain) is real but offset by lower volumes. Relative to ~$1B market cap, Q2 net income of $67M is material; however, sustainability unclear without credits. Modest debt reduction ($3.1M vs $33.6M prior year). Real operational progress but earnings quality depends on tax credit continuation.
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