OMAHA, Neb., November 27, 2019 – Shares of Green Plains Inc. (NASDAQ: GPRE) lost -0.13% to $15.20. The stock traded total volume of 394.547K shares lower than the average volume of 777.11K shares.
Green Plains Inc. (GPRE) reported net loss attributable to the company of $45.30M, or $(1.13) per diluted share, for the second quarter of 2019 compared with net loss of $1.00M, or $(0.02) per diluted share, for the same period in 2018. Revenues were $895.90M for the second quarter of 2019 compared with $986.80M for the same period last year.
Revenues attributable to the company were $1.50B for the six-month period ended June 30, 2019, compared with $2.00B for the same period in 2018. Net loss for the six-month period ended June 30, 2019, was $88.10M, or $(2.19) per diluted share, compared with net loss of $25.10M, or $(0.63) per diluted share, for the same period in 2018.
Results of Operations:
Green Plains produced 224.00M gallons of ethanol during the second quarter of 2019, compared with 296.30M gallons for the same period in 2018. The consolidated ethanol crush margin was $19.90M, or $(0.09) per gallon, for the second quarter of 2019, compared with $25.60M, or $0.09 per gallon, for the same period in 2018. The consolidated ethanol crush margin is the ethanol production segment’s operating income (loss) before depreciation and amortization, which includes corn oil, plus intercompany storage, transportation and other fees, net of related expenses.
Consolidated revenues of $895.90M decreased $91.00M for the three months ended June 30, 2019, compared with the same period in 2018, due primarily to the disposition of three ethanol plants and the sale of Fleischmann’s Vinegar during the fourth quarter of 2018, offset by increased cattle volumes sold due to the acquisition of two feed lots in the third quarter of 2018.
Operating loss for the three months ended June 30, 2019 was $39.40M, compared with operating income of $11.80M for the same period last year, primarily due to decreased margins on ethanol production as well as the disposition of Fleischmann’s Vinegar during the fourth quarter of 2018. Interest expense decreased $6.10M to $16.00M for the three months ended June 30, 2019 compared with the same period in 2018, primarily due to the repayment of the $500.0M senior secured term loan during the fourth quarter of 2018. Income tax benefit was $14.70M for the three months ended June 30, 2019 compared with $10.80M for the same period in 2018.
Earnings before interest, income taxes, depreciation and amortization (EBITDA) for the second quarter of 2019 were $19.80M compared with $41.80M for the same period last year.
GPRE has the market capitalization of $528.81M and its EPS growth ratio for the past five years was -19.10%. The return on assets ratio of the Company was -3.60% while its return on investment ratio stands at 7.20%. Price to sales ratio was 0.18.
