Biofuels earnings: Green Plains Renewable Energy revenues up 60%; ethanol margins tighten

February 9, 2012 |

In Nebraska, Green Plains Renewable Energy (GPRE) announced 2011 earnings of $38.4 million, or $1.01 per diluted share, compared to $48.0 million or $1.51 per diluted share in 2010. Revenues were $3.6 billion for the year ended December 31, 2011, compared to $2.1 billion in 2010.

For Q4, net income was $13.3 million, compared to $16.4 million for the same period in 2010. Revenues were $922.8 million for the fourth quarter of 2011 compared to $757.0 million during the same period in 2010. “Since late in the year spot ethanol margins have compressed. We are maintaining our disciplined approach to managing commodity risks and are continually assessing production levels to optimize our operating performance,” said CEO Todd Becker.

Upcoming earnings reports

Solazyme – February 21
KiOR – February 10
Gevo – February 28

Category: Fuels

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