Tag: Green Plains

Green Plains completes $36M Cargill Feed Yard acquisition

Green Plains completes $36M Cargill Feed Yard acquisition

May 21, 2017 |

In Nebraska, the Green Plains Cattle Company completed the previously announced acquisition of two cattle feed yards from Cargill for approximately $36.7 million, excluding working capital. The transaction includes feed yards located in Leoti, Kan. and Yuma, Colo., adding capacity of 155,000 head to the company’s operations, and positions Green Plains Cattle Company as the […]

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Green Plains already talking about expansion of Beaumonth ethanol terminal

Green Plains already talking about expansion of Beaumonth ethanol terminal

May 3, 2017 |

In Texas, Green Plains says it is finalizing the contracts for its ethanol import/export terminal in Beaumont that could be online by the middle of this year, and already talk about expansion is underway though any investment plans will be on hold until phase 1’s capacity is contracted. The facility is meant to offer an […]

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Green Plains to buy two cattle feedlots from Cargill

Green Plains to buy two cattle feedlots from Cargill

April 26, 2017 |

In Nebraska, Omaha-based Green Plains Inc., with existing feed yards at Kismet, Kansas, and Hereford, Texas, will purchase Cargill’s beef cattle feed yards at Leoti, Kansas, and Yuma, Colorado. The transaction will be finalized once a definitive agreement and regulatory review are complete. Green Plains will supply cattle to Cargill through a new multiyear agreement. […]

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Green Plains income surges to $18.7M for Q4 2016

Green Plains income surges to $18.7M for Q4 2016

February 12, 2017 |

In Nebraska, Green Plains reported net income of $18.7 million for Q4, or $0.47 per diluted share, compared with net loss of $(3.6) million, or $(0.09) per diluted share, for the same period in 2015. Revenues were $932.1 million for the fourth quarter of 2016 compared with $739.9 million for the same period last year. […]

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Green Plains sees 2017 ethanol exports remaining steady at 1.1 billion gallons

Green Plains sees 2017 ethanol exports remaining steady at 1.1 billion gallons

February 9, 2017 |

In Missouri, Green Plains’ CEO said an earnings call that despite an expected decrease in demand from China for US ethanol exports, the company expects annual exports to remain steady in 2017 at around 1.1 billion gallons, with 350 million gallons expected for export during Q1. The company plans to export about 25% of its […]

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Green Plains reports Q3 $42M in operating income, as revenues spike

Green Plains reports Q3 $42M in operating income, as revenues spike

November 6, 2016 |

In Nebraska, Green Plains reported Q3 net income of $7.9 million, or $0.20 per diluted share, for the third quarter of 2016 compared with net income of $6.2 million, or $0.16 per diluted share, for the same period in 2015. Revenues were $841.9 million for the third quarter of 2016 compared with $742.8 million for […]

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Green Plains sees tight global ethanol market in 2017

Green Plains sees tight global ethanol market in 2017

November 3, 2016 |

In Nebraska, Green Plains says stronger ethanol demand next year will outstrip US surplus to export, leading to a tighter market that will in turn support prices. With 1 billion gallons in exports seen in addition to 14.85 billion gallons of domestic ethanol consumption, demand should outstrip the 15.8 billion gallons the industry may be […]

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On the Acetic Prowl: The Digest’s 2016 Multi-Slide Guide to the Green Plains-Fleishmann acquisition

On the Acetic Prowl: The Digest’s 2016 Multi-Slide Guide to the Green Plains-Fleishmann acquisition

October 31, 2016 |

In a $250 million transaction this month, including working capital, Green Plains acquired Fleischmann’s Vinegar, financed with $135 million of debt with the balance paid from cash on hand. A group of lenders led by Maranon Capital, L.P provided a $130 million term loan and a $15 million revolving line of credit for this business unit. A […]

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Green Plains confirms closure of ethanol plants purchase from Abengoa

Green Plains confirms closure of ethanol plants purchase from Abengoa

September 27, 2016 |

In Missouri, Green Plains has confirmed closure of the ethanol plants that it bought from Abengoa in Madison, Illinois; Mount Vernon, Indiana; and York, Nebraska, adding another 236 million gallons of annual production to the company’s portfolio for $237 million. The company then turned around and sold the storage capacity at the three facilities to […]

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Green Plains holds ribbon cutting at Hopewell ethanol plant

Green Plains holds ribbon cutting at Hopewell ethanol plant

August 24, 2016 |

In Virginia, Green Plains continued its big week with the ribbon cutting of its newly acquired and renovated ethanol plant in Hopewell. Local elected officials as well as senior representatives from GPRE were present at the event celebrating the October 2015 acquisition from Future Fuels LLP for $18.25 million. Inclusion of corn oil extraction technology […]

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