Green Plains Inc. (GPRE) shares plunged 13.63% in the pre-market session on Friday, February 7, after the biofuel producer reported a wider-than-expected loss for the fourth quarter of 2024, weighed down by weak ethanol production margins.
The Nebraska-based company reported a net loss of $54.9 million, or $0.86 per share, for the October-December quarter, significantly missing analysts' estimates of a loss of $0.32 per share. Revenues declined 18% year-over-year to $584 million, below expectations of $631.8 million.
The disappointing results were primarily driven by lower margins in the company's ethanol production segment. Green Plains cited lower weighted average selling prices for ethanol, distillers grains, and renewable corn oil, as well as lower volumes sold, as key factors impacting the segment's performance. The company also faced sustained localized margin pressure from flooding in certain regions.
免責聲明：投資有風險，本文並非投資建議，以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請，作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考，不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證，投資者應自行研究並在投資前尋求專業建議。