Green Plains (GPRE) Q4 2025 Earnings Transcript

Image source: The Motley Fool.

Thursday, February 5, 2026 astatine 9 a.m. ET

• President and Chief Executive Officer — Chris Ossowski

• Chief Financial Officer — Anne Reese

• Chief Commercial Officer — Emre Havasi

• Chief Operating Officer — Will Yackel

Need a punctuation from a Motley Fool analyst? Email [email protected]

Chris Ossowski: Thank you, Will, and bully morning, everyone. As we adjacent retired 2025, a twelvemonth marked by some challenges and meaningful achievements, I privation to commencement by thanking our employees for their dedication, our committee for their confidence, and our shareholders for their continued support. Our teams delivered beardown operational execution crossed the fleet portion maintaining an exceptional information record. As always, information remains the halfway of everything we do. Nothing we execute matters unless we nonstop radical location safely each day. For the year, 4 of our plants reached humanities accumulation volumes and 7 plants achieved grounds ethanol yields. At the aforesaid time, macromolecule and maize lipid yields proceed to summation crossed our fleet.

These results bespeak a civilization of continuous improvement, measuring everything, learning quickly, and applying the lessons learned. During the 4th quarter, our operations teams continued to show the imaginable of our platform. Our fleet erstwhile again generated volumes supra their archetypal stated capacities. As we committed during a erstwhile net call, we updated our maximum accumulation volumes which is simply a wide reflection of the team's progress. Our caller stated accumulation capableness for our plants, excluding Fairmont, person been accrued to 730 cardinal gallons per year, an summation of 10% implicit the antecedently stated capacity.

We've accrued the Central City and Wood River facilities to 120 cardinal gallons per twelvemonth each, we adjusted Mount Vernon to 110, Madison to 100, and Shenandoah to 80 cardinal gallons. Finally, we moved Otter Tail and Superior some to 70 cardinal gallons each and accrued York from 50 up to 60 cardinal gallons. At Madison, we stay constricted by authorities regulations, we're presently moving with the authorities of Illinois to summation the permitted accumulation levels. Q4 was highlighted by the start-up of our CO2 compression instrumentality astatine our 3 Nebraska plants wherever c seizure is present afloat operational.

As we antecedently shared, CO2 from each 3 Nebraska plants is being sequestered successful Wyoming and the interaction is lowering CI scores for our plants and generating currency flow. Financially, the absorption connected operational excellence and our efforts to region costs from the concern person resulted successful considerably stronger results compared to past year. Q4 adjusted EBITDA of $49.1 cardinal is an betterment of much than $67 cardinal compared to 2024. We continued to recognize the benefits of the 45Z cleanable substance accumulation taxation recognition which generated $27.7 cardinal successful the 4th nett of discounts and we received our archetypal outgo for the transportation of credits.