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Green Plains reported fourth-quarter 2023 EBITDA of $44.7 million, a 95% plant utilization rate and net income of $7.2 million. Revenue fell 22% year over year on lower ethanol and DDGS prices.
The company is commissioning a Clean Sugar system and expects 2024 capital spending of $125 million to $150 million.
High plant utilization supports corn grind and DDGS output, while lower ethanol and DDGS prices reflect weaker product values. Strong output with lower prices points to ample feed supply.
za.investing.comFeb 8, 2024Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
