# Green Plains' "Record" Quarter Is More Than Half a Tax Credit With a Sunset

> Green Plains reported third-quarter adjusted EBITDA of $118 million, more than double a year earlier, with $65 million attributed to the federal Section 45Z clean-fuel production tax credit. The company also raised its full-year carbon-related EBITDA outlook, while revenue fell 2.5% and its shares declined after the results.

- Date: 2026-11-07 · published 2026-11-08T00:07:00.444Z
- Category: policy · region United States · magnitude low
- Page: https://feedsoft.ai/events/86594-green-plains-record-quarter-is-more-than-half-a-tax-credit-with-a-sunset
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

The tax credit supports the economics of corn-based ethanol production, which can underpin corn demand, but the results do not establish a change in ethanol output or corn purchases. The benefit is also tied to a time-limited policy credit.

## Read by commodity

- CORN: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2021-11-11 | [Will the Fertilizer Crisis Hit Global Grains Production? \| CZ app](https://feedsoft.ai/events/44009-will-the-fertilizer-crisis-hit-global-grains-production-cz-app.md) | -0.8% | +3.4% |
| CORN | 2021-05-20 | [The race for green fuel is on](https://feedsoft.ai/events/46967-the-race-for-green-fuel-is-on.md) | -4.4% | +4.0% |
| CORN | 2019-12-18 | [White House says it is sticking with 2020 biofuel plan, despite farmer objections](https://feedsoft.ai/events/55453-white-house-says-it-is-sticking-with-2020-biofuel-plan-despite-farmer-objections.md) | -0.1% | -1.9% |
| CORN | 2024-08-05 | [US Sen. Marshall leads letter calling for domestic feedstocks only in 45Z biofuel tax credit](https://feedsoft.ai/events/15194-us-sen-marshall-leads-letter-calling-for-domestic-feedstocks-only-in-45z.md) | -1.7% | -1.5% |
| CORN | 2018-09-02 | [Argentina IMF deal could mean reversal of Macri's grain tax cuts](https://feedsoft.ai/events/62868-argentina-imf-deal-could-mean-reversal-of-macri-s-grain-tax-cuts.md) | +0.9% | +1.1% |

## Sources

- ainvest.com: https://www.ainvest.com/news/green-plains-record-quarter-tax-credit-sunset-2611/

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