# Green Plains’ Q3 Profit Rises on 45Z Credits and Stronger Ethanol Margins

> Green Plains reported third-quarter net income of $85.4 million, up from $11.9 million a year earlier, as Section 45Z tax credits and stronger ethanol crush margins offset lower production volumes. Adjusted EBITDA more than doubled to $118 million, and the company raised its expected 2026 contribution from 45Z credits to as much as $250 million.

- Date: 2026-11-06 · published 2026-11-07T06:16:30.268Z
- Category: policy · region US · magnitude medium
- Page: https://feedsoft.ai/events/85600-green-plains-q3-profit-rises-on-45z-credits-and-stronger-ethanol-margins
- Commodities: [DDGS](https://feedsoft.ai/c/DDGS.md), [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

The tax credits improve ethanol producers’ economics and may support future production and feedstock demand, although Green Plains’ lower quarterly volumes limit the immediate demand signal. Regulatory uncertainty around the credits remains a risk to those economics.

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2022-01-25 | [With Strong Industry Margins, Iowa Ethanol Industry Looks for E15 While Pushing Back on EVs](https://feedsoft.ai/events/43132-with-strong-industry-margins-iowa-ethanol-industry-looks-for-e15-while-pushing.md) | +2.6% | +7.9% |
| CORN | 2024-12-23 | [Govt may reduce reserve sale price for rice for ethanol production - GreenLeaf](https://feedsoft.ai/events/27019-govt-may-reduce-reserve-sale-price-for-rice-for-ethanol-production-greenleaf.md) | +0.5% | +6.9% |
| CORN | 2020-03-19 | [Energy Markets Erode Ethanol Margins](https://feedsoft.ai/events/54133-energy-markets-erode-ethanol-margins.md) | +1.1% | -1.8% |
| CORN | 2020-09-30 | [Interview: China to keep ethanol program steady, national blend rate seen at 4%: US Grains Council](https://feedsoft.ai/events/51117-interview-china-to-keep-ethanol-program-steady-national-blend-rate-seen-at-4-us.md) | +1.5% | +11.3% |
| CORN | 2024-03-25 | [Viewpoint: Tax credits will shape US ethanol market \| Latest Market News](https://feedsoft.ai/events/31283-viewpoint-tax-credits-will-shape-us-ethanol-market-latest-market-news.md) | -4.9% | -6.9% |

## Sources

- tradingkey.com: https://www.tradingkey.com/pt/news/presentation/262293663-

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.