Green Plains Q3 net income rises to $85.4 million; adjusted EBITDA $118.0 million
Green Plains reported third-quarter 2026 results on November 5, 2026, with net income attributable to the company of $85.4 million, or $1.03 per diluted share, up from $11.9 million, or $0.17, a year earlier. Revenue fell to $496.0 million from $508.5 million, while adjusted EBITDA rose to a record $118.0 million, including $65.4 million of Section 45Z tax credit value, and the company updated its 2026 guidance for that credit contribution. Shareholders should note that the prior-year figures were restated for a change in how the company accounts for 45Z credits.
Key points
- Q3 2026 net income attributable to Green Plains was $85.4 million, or $1.03 per diluted share, versus $11.9 million, or $0.17, in Q3 2025.
- Q3 2026 revenues were $496.0 million, down from $508.5 million, primarily due to the disposition of the Obion, Tennessee plant.
- Adjusted EBITDA was $118.0 million, versus $52.6 million a year earlier, including $65.4 million of 45Z credit value net of discounts and other costs.
- On October 29, 2026, the company executed an agreement to monetize $250 million to $325 million of 2026 45Z credits; full-year 2026 guidance for 45Z contribution is $230 million to $250 million of adjusted EBITDA.
The filing
Written by AI on Nov 9, 2026, 8:36 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on November 05, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.