Green Plains Inc. Reports Q1 2023 Net Loss of $66.2 Million

Green Plains Inc.(GPRE), a leading renewable fue ls and agricultural products provider, released its consolidated financial statements for the first quarter of 2023. The report shows a net loss of $66.2 million for the quarter, as the company faced challenges due to industry headwinds and market fluctuations. However, the revenue figures provide a glimmer of hope, with the company generating $832.9 million in the same period. Let's delve deeper into the financial data and explore the key factors influencing Green Plains' performance during the quarter.

Net Income/Loss

During the three months ended March 31, 2023, Green Plains Inc. reported a net loss of $66.2 million. This was a significant decline compared to the same period in the previous year when the company reported a net loss of $55.9 million. The higher net loss for the quarter can be attributed to increased costs and expenses, primarily driven by cost of goods sold, operations and maintenance expenses, and selling, general, and administrative expenses.

Revenue