Green Plains Inc. reported a net loss attributable to the company of $72.9 million, or $(1.14) per diluted share, for the first quarter of 2025. This represents an increase from the net loss of $51.4 million, or $(0.81) per share, reported in Q1 2024. The quarter's results included $16.6 million in one-time restructuring charges related to the closure of Fairmont, non-core operations, cost reduction programs, and leadership transitions.
Despite the increased loss, consolidated revenues saw a modest increase to $601.5 million in Q1 2025 from $597.2 million in Q1 2024. Operationally, the company achieved a record 100% utilization across its nine active plants, demonstrating strong asset performance and increased discipline. Operational costs per gallon were reduced by over $0.03 since Q4 2024.
The company is well on track to achieve its targeted $50 million in annualized cost reductions, with an additional $15 million in annualized savings unlocked by the recently announced ethanol marketing partnership with Eco-Energy. The Clean Sugar Technology (CST) initiative in Shenandoah was temporarily paused in Q1 due to wastewater challenges, with plans to resume commissioning in late fiscal 2026, while the plant operates with a simplified fermentation recipe for improved yields and reduced OpEx.
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