Green Plains Inc. (GPRE)

In January 2026, Green Plains appointed Ann Reis as Chief Financial Officer and Ryan Loneman as General Counsel and Secretary, with the stock trading higher. In December 2025, the company sequestered biogenic carbon dioxide from its Nebraska facilities in Wyoming. In November 2025, Green Plains reported its Q3 2025 financial results, including net income, Adjusted EBITDA, a 45Z production tax credit, and a gain from the sale of its Obion plant, and announced convertible note exchange and subscription transactions. In August 2025, Green Plains reported a surge in EBITDA for Q2 2025.

Demand for Green Plains' products, particularly ethanol, is subject to seasonal volatility, with stronger demand during the summer driving season and weaker margins in the winter months. Distillers grains and high protein values also experienced pressure in Q3 2025 due to ample supply and typical seasonality. The company's strategic shift towards low-carbon fuels and high-value ingredients is influenced by the global low-carbon fuel market, creating high-value demand for its low-carbon ethanol products. Demand for its animal feed products comes from large-scale livestock operations and integrated protein companies. The green technology and chemical industry also represents a significant market for Green Plains' low-carbon intermediate products. To mitigate risks from commodity price changes, Green Plains utilizes derivative financial instruments.

Green Plains, Inc., founded in 2004 and headquartered in Omaha, Nebraska, operates in the Materials sector, focusing on Chemicals, Specialty Chemicals, and Industrial Organic Chemicals, with a strong emphasis on Renewable Fuels. Green Plains is a vertically integrated company that produces, markets, and distributes ethanol, ranking as the third-largest ethanol producer in North America as of mid-2025. The company has strategically shifted from a conventional ethanol producer to a diversified agro-processor and low-carbon technology leader, transforming renewable crops into sustainable, high-value ingredients. Its major products include fuel-grade ethanol, distiller grains, renewable corn oil, ultra-high protein ingredients (Sequence brand), and dextrose. The company's operations are segmented into Ethanol Production and Agribusiness and Energy Services.

Green Plains operates nine biorefineries across the United States in Indiana, Illinois, Iowa, Minnesota, and Nebraska. The company also engages in grain handling and storage, and operates cattle feedlot operations and fuel terminal facilities across the U.S. Green Plains sells ethanol to various markets, including integrated energy companies, retailers, traders, and resellers in the U.S., and exports to international markets such as Brazil, Mexico, Canada, and China. Its animal feed products also have a significant international presence, with Mexico and Southeast Asia being key export destinations.

Green Plains has worked to enhance its brand reputation through strategic initiatives and technological advancements, solidifying its position in the renewable energy sector and focusing on sustainable fuel initiatives. The company sequestered CO2 from its Nebraska facilities in Wyoming and appointed Eco-Energy LLC as its exclusive ethanol marketer. Green Plains unveiled "Sequence" as a new brand for its specialized feed ingredient and received FSSC 22000 certification at several facilities. However, the company's stock price declined, partly due to dropping ethanol prices and reported operating losses, and Q3 2025 results included nonrecurring interest expenses and restructuring charges.

Green Plains Inc. has a diverse ownership structure. Institutional investors hold a significant portion of the company's stock, with figures ranging from approximately 50.27% to 95.16% across various reports. Individual insiders own between 3.10% and 46.49% of the shares, while public companies and individual (retail) investors hold between 1.62% and 23.79%. Major institutional shareholders include BlackRock, Inc., Grantham, Mayo, Van Otterloo & Co. LLC, Vanguard Group Inc, State Street Corp, Encompass Capital Advisors LLC, Charles Schwab Investment Management Inc, Goodlander Investment Management, LLC, VTSMX - Vanguard Total Stock Market Index Fund Investor Shares, Ancora Advisors, LLC, and Broad Bay Capital Management, LP. Prominent individual shareholders include Jim Barry, Michael J. Walsh, Greenstar Investments LLC, Greenstar North America Holdings Inc, and Mangrove Partners Master Fund Ltd.