Green Plains Back to Profit in Q4 Amid New Carbon Capture

SECAUCUS, NJ (DTN) –- Green Plains Inc reported on Thursday (2/5) that it returned to profitability in the fourth quarter of 2025 as it successfully commissioned carbon capture operations at three Nebraska ethanol facilities.

The company reported fourth quarter net income of $11.9 million, recovering from a $54.9 million net loss during the same three-month period in 2024, driven by the startup of carbon capture equipment at plants in Central City, Wood River and York, and significantly lower carbon intensity in its production.

Green Plains’ ethanol production segment sold 178.8 million gallons during the quarter, down from 209.5 million gallons a year ago following the strategic sale of its Obion, Tennessee plant. Despite lower volumes, the consolidated ethanol crush margin improved to $44.4 million compared with a loss of $15.5 million in the prior year period.

Operational efficiency remained relatively high as the company’s eight remaining ethanol plants achieved a 97% utilization rate during the fourth quarter.

For 2026, Green Plains anticipates generating at least $188 million in tax-credit-related EBITDA based on current production outlooks and carbon intensity factors.