News Watch-List: Green Plains Partners LP (NASDAQ: GPP)

On 23 Dec 2019, Green Plains Partners LP (NASDAQ: GPP) spotted trading -15.54% off 52-week high price. On the other end, the stock has been noted 11.01% away from the low price over the last 52-weeks. The stock changed 0.00% to recent value of $13.91. The stock transacted 45764 shares during most recent day however it has an average volume of 37.95K shares. The company has 23.33M of outstanding shares and 11.41M shares were floated in the market.

Green Plains Inc. (GPRE) recently reported financial results for the third quarter of 2019. Net loss attributable to the company was $39.0M, or $(1.06) per diluted share, for the third quarter of 2019 contrast with net loss of $12.5M, or $(0.31) per diluted share, for the same period in 2018. Revenues were $632.4M for the third quarter of 2019 contrast with $789.0M for the same period last year.

Results of Operations
Green Plains produced 238.5M gallons of ethanol during the third quarter of 2019, contrast with 304.8M gallons for the same period in 2018. The consolidated ethanol crush margin was $(15.4M), or $(0.06) per gallon, for the third quarter of 2019, contrast with $32.3M, or $0.11 per gallon, for the same period in 2018. The consolidated ethanol crush margin is the ethanol production section’s operating income (loss) before depreciation and amortization, which includes corn oil, plus inter-company storage, transportation and other fees, net of related expenses.

Consolidated revenues reduced $156.7M for the three months ended September 30, 2019 contrast with the same period in 2018 primarily Because of the disposition of three ethanol plants and the sale of Fleischmann’s Vinegar during the fourth quarter of 2018.

Operating income reduced $38.6M and adjusted EBITDA reduced $45.7M for the three months ended September 30, 2019 contrast with the same period last year primarily Because of reduced margins on ethanol production as well as the disposition of Fleischmann’s Vinegar during the fourth quarter of 2018. Interest expense reduced $9.2M for the three months ended September 30, 2019, contrast with the same period in 2018, primarily Because of the repayment of the $500M senior secured term loan during the fourth quarter of 2018. Income tax benefit was $12.5M for the three months ended September 30, 2019 contrast with $15.0M for the same period in 2018.

Adjusted EBITDA, which is earnings before interest, income taxes, depreciation and amortization, plus adjustments related to operational results of Green Plains Cattle previous to its disposition which are recorded as discontinued operations and our proportional share of EBITDA adjustments of our equity method investees, for the third quarter of 2019 was $(13.4)M contrast with $32.3M for the same period last year.

Its earnings per share (EPS) expected to touch remained -2.00% for this year while earning per share for the next 5-years is expected to reach at 15.00%. GPP has an operating margin of 62.30% while its profit margin remained 53.00% for the last 12 months. According to the most recent quarter its current ratio was 0.1 that represents company’s ability to meet its current financial obligations. The price moved ahead of 0.83% from the mean of 20 days, 1.44% from mean of 50 days SMA and performed -1.88% from mean of 200 days price. Company’s performance for the week was -1.70%, 3.19% for month and YTD performance remained 2.51%.

 

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