Green Plains Reports Earnings Results for Fiscal Year 2023 Q2

🌥️Earnings Overview

On August 4 2023, GREEN PLAINS ($NASDAQ:GPRE) reported their financial results for Q2 of FY2023, which ended on June 30 2023. Total revenue for the quarter was USD 857.6 million, a drop of 15.3% when compared to the same period in the year prior. Net income was a loss of USD 52.6 million, as opposed to a gain of 46.4 million in the preceding year.

Stock Price

On Friday, Green Plains Inc. reported its earnings results for the second quarter of the fiscal year 2023. The company’s stock opened at $32.7 and closed at $31.8, which is a drop of 7.1% from the previous closing price of 34.2. The stock plummeted on news of the reported earnings, as analysts believed that the company had missed their quarterly estimates. This decrease in income was primarily attributed to an increase in operating expenses.

Overall, it appears that Green Plains had a challenging quarter which might explain why their stock price dropped significantly on Friday. Investors are advised to take caution when considering investing in this company at this time. Live Quote…

About the Company

Income Snapshot

Below shows the total revenue, net income and net margin for Green Plains. More…

Cash Flow Snapshot

Below shows the cash from operations, investing and financing for Green Plains. More…

Balance Sheet Snapshot

Below shows the total assets, liabilities and book value per share for Green Plains. More…

Key Ratios Snapshot

Some of the financial key ratios for Green Plains are shown below. More…

Analysis

At GoodWhale, we’ve conducted an analysis of GREEN PLAINS‘s financials and based on our Star Chart, GREEN PLAINS is strong in liquidity, medium in asset and weak in dividend, growth and profitability. We have classified GREEN PLAINS as ‘rhino’, meaning that it has achieved moderate revenue or earnings growth. We believe that this type of company would be attractive to value or income investors who are looking for steady returns rather than high growth. Additionally, GREEN PLAINS has an intermediate health score of 4/10 considering its cashflows and debt. This indicates that the company might be able to pay off debt and fund future operations. More…

Peers

Green Plains Inc is an American-based biofuel company and is the fourth largest ethanol producer in the United States. Green Plains Inc has three main competitors: REX American Resources Corp, Hypower Fuel Inc, Alto Ingredients Inc. All three companies are based in the United States and are engaged in the business of biofuel production.

– REX American Resources Corp ($NYSE:REX)

REX American Resources Corp is a publicly traded company that explores for, develops, and produces oil and natural gas. The company has a market capitalization of 536.43 million as of 2022 and a return on equity of 9.35%. The company’s primary operations are located in the United States.

– Hypower Fuel Inc ($OTCPK:HYPF)

Alto Ingredients Inc is a food and beverage company with a market cap of 303.4M as of 2022. The company has a return on equity of 9.76%. Alto Ingredients Inc produces and sells food and beverage products. The company offers a variety of food and beverage products, including processed foods, beverages, and snacks. Alto Ingredients Inc also provides a range of services, including food and beverage processing, packaging, and distribution.

Summary

Green Plains Inc. has reported disappointing financial results for the second quarter of FY2023, with total revenue down by 15.3% year-on-year and a net loss of USD52.6 million. This has had an immediate effect on the stock price, which has dropped on the same day. Investors should carefully consider the implications of these results, as it could indicate a sustained downturn in the company’s fortunes. It is important to analyze the underlying drivers of the decline, such as changes in demand, competitive pressures and operational performance, to properly assess the long-term outlook for Green Plains.