Key Takeaways
- Green Plains Inc. reported net income of $11.9 million in Q4 2025, compared with a net loss in Q4 2024.
- Adjusted EBITDA for the quarter reached $49.1 million, supported by higher ethanol margins and tax credits.
- The company recorded $54.2 million in 45Z production tax credits for full-year 2025.
- Multiple asset sales and financing actions during 2025 strengthened liquidity and reduced debt.
- Carbon capture facilities at three Nebraska sites began operations in the fourth quarter.
Green Plains Inc. Q4 2025 Financial Performance
Green Plains Inc. (NASDAQ: GPRE) announced financial results for the fourth quarter and full year ended December 31, 2025, reporting a return to quarterly profitability. Net income attributable to the company was $11.9 million, or $0.17 per diluted share, compared with a net loss of $54.9 million, or $(0.86) per diluted share, in the same period of 2024.
Adjusted EBITDA totaled $49.1 million for the quarter, compared with $(18.2) million in the prior-year period. The results included $27.7 million of 45Z production tax credit value recorded as an income tax benefit. Quarterly revenues were $428.8 million, down from $584.0 million a year earlier, reflecting lower ethanol volumes sold and the termination of a third-party ethanol marketing agreement effective April 1, 2025.
“Another quarter of strong operating cash flow shows the impact of the actions we have taken to strengthen the business,” said Chris Osowski, President and Chief Executive Officer of Green Plains. “Our continued focus on operational excellence is translating directly into improved financial performance across the company.”
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