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Green Plains reported fourth-quarter 2018 net income of $53.5 million, or $1.13 per diluted share, and full-year net income of $15.9 million. Fourth-quarter EBITDA of $127.7 million included a $150.4 million gain on asset sales.
The company also paid off a $500 million term loan due 2023.
Company results show how ethanol producers fared in a weak 2018 margin environment, with asset sales cushioning earnings. The figures have little direct effect on feed or grain prices.
last10k.comGreen Plains Inc.Feb 20, 2019Not 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.
