GPRE · NASDAQ · Chemicals

Green Plains (GPRE)

Turns Midwest corn into ethanol, feed ingredients, renewable corn oil, and commodity services.

$15.02
vs last close+0.16 (+1.11%)
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Green Plains Inc.GPRE
Materials

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

CEOChris Osowski
ListedMar 15, 2006
ExchangeNASDAQ
HeadquartersOmaha, NE
CountryUnited States
Employees642
CIK0001309402
ISINUS3932221043

Market cap$1.04B
EPS (ttm)$1.54
P/E (ttm)9.64
ROE15.5%
P/B1.20
P/S0.5656
Dividend yieldDiv yield
Beta0.50vs XLB 0.66

Price target$20.00+34.7%Average of 20 analysts
ConsensusBuy13 of 20 analysts
Ratings

Target rangeAs of Sep 21, 2026

Latest analyst notes

DateFirmActionPriorCurrent
Jul 17, 2026UBSReiterate
Rating: Target: $12
Rating: NeutralTarget: $20
May 8, 2026OppenheimerTarget
Target: $16
Target: $20
May 8, 2026StephensTarget
Target: $17
Target: $20
Feb 9, 2026StephensTarget
Target:
Target: $17
Feb 9, 2026Stephens & Co.Upgrade
Rating: Equal Weight
Rating: Overweight

Next report
Nov 4, 26
in 43 days
EPS estimate
$0.51
Revenue estimate
$523.7M
Fiscal quarter
Q3 FY26

EPSReportedEstimate

Feb '25May '25Aug '25Nov '25Feb '26May '26Aug '26Nov '26
Reported−$0.86−$0.88−$1.09$0.35$0.17$0.42$0.83Pending
Estimate−$0.22−$0.51−$0.28−$0.03$0.09−$0.01$0.54$0.51
Surprise−290.9%−72.5%−289.3%+1,285.6%+88.9%+4,300.0%+53.4%

RevenueReportedEstimate

Feb '25May '25Aug '25Nov '25Feb '26May '26Aug '26Nov '26
Reported$584.0M$601.5M$552.8M$508.5M$428.8M$445.8M$446.2MPending
Estimate$630.0M$638.3M$622.0M$583.5M$538.3M$532.5M$542.4M$523.7M
Surprise−7.3%−5.8%−11.1%−12.9%−20.3%−16.3%−17.7%
Estimate$0.51
ReportedDue Nov 4, 2026
Estimate$523.7M
ReportedDue Nov 4, 2026
View details

Debt to equity63.10%
Current ratio199.30%

ProfitabilityRevenueNet incomeNet margin

Q3 FY24Q4 FY24Q1 FY25Q2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26
Revenue$658.7M$584.0M$601.5M$552.8M$508.5M$428.8M$455.2M$446.2M
Net income$48.2M−$54.9M−$72.9M−$72.2M$11.9M$11.9M$32.9M$67.1M
Net margin7.3%0.0%0.0%0.0%2.3%2.8%7.2%15.0%

GrowthOperating income

Q3 FY24Q4 FY24Q1 FY25Q2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26
Operating income$56.1M−$40.9M−$62.3M−$28.4M$33.9M−$27.5M$58.1M$67.9M
YoY growth+164.7%Turned lossLoss widenedLoss widened−39.6%Loss narrowedTurned profitTurned profit

Balance sheet, Jun 30, 2026Cash & short-term investments $185.4M · Total debt $548.6M · Total assets $1.66B · Shareholders' equity $869.9M

Revenue
$446.2M
Operating income
$67.9M
Net income
$67.1M
View details

No dividends on record.

Institutions≈ 111.71%78.30M shares
238 holders · as of Jun 30, 2026 · largest filers plus last quarter's tail
Insiders3.47%2.43M shares
23 holders · as of Aug 20, 2026
Strategic holders5.82%4.08M shares
1 holder · as of Nov 20, 2024
Adds to121.00%

70.10M company shares as of Sep 22, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing

This quarter's institutional total failed a plausibility check; shown: the largest filers plus last quarter's remainder.

These groups come from separate filings that can overlap, so they add to 121.00%; nothing is left for Other.

Top shareholders13F · 13D/G · Form 4

HolderStakeSharesDate
BlackRock, Inc.Institution
14.54%10.19Mas of Jun 30, 2026
Cooper Creek Partners Management LLCStrategic
5.82%4.08Mfiled Nov 20, 2024
Goldman Sachs Group IncInstitution
5.74%4.02Mas of Jun 30, 2026
Grantham, Mayo, van Otterloo & Co. LLCInstitution
5.56%3.90Mas of Jun 30, 2026
State Street CorpInstitution
5.35%3.75Mas of Jun 30, 2026

Insider tradesForm 4

DateInsiderRoleSharesAvg price
Mar 6, 2026Patrick Francis Sweeneydirector+6,383$15.87
Sep 22, 2025Michelle Mapesofficer: Chief Legal and Admin Officer−30,954$9.51
View details

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    Low-carbon ethanol peer with California RNG adjacency

  • Bunge

    Oilseed, feed-protein, and grain merchandising competitor

Compare

CompanyPriceChange
Green Plains$15.02+1.11%$1.04B9.68.90.6−19.3%
Valero Energy$376.69−4.22%$113.23B16.37.70.9+48.8%
Archer Daniels Midland$82.77−0.73%$40.19B22.814.00.5+7.2%
The Andersons$67.67−1.18%$2.33B13.211.30.2−1.2%
REX$44.28+2.67%$1.42B11.82.1+6.3%
Alto$3.85−1.66%$303.0M5.814.30.3+12.5%
Aemetis$2.09+0.14%$147.1M0.6+20.0%
Bunge$111.11−1.34%$21.63B21.910.50.2+88.3%
Median14.811.30.5+12.5%