Green Plains Finalizes $200 Million Exchange and Subscription of Convertible Notes
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Oct 28 2025
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Should l Buy GPRE?
Source: Newsfilter
Exchange Agreements: Green Plains Inc. has completed exchange agreements to convert $170 million of its existing 2.25% Convertible Senior Notes due 2027 into newly issued 5.25% Convertible Senior Notes due November 2030, alongside issuing an additional $30 million of the new notes for cash.
Share Repurchase: The company utilized approximately $30 million from the subscription transactions to repurchase around 2.9 million shares of its common stock from participants in the exchange and subscription transactions.
2030 Notes Details: The new 2030 Notes will have an interest rate of 5.25% and are convertible into cash, shares, or a combination, with an initial conversion rate set at approximately $15.72 per share, subject to adjustments.
Forward-Looking Statements: The press release includes forward-looking statements regarding the transaction's completion and expected benefits, highlighting the inherent risks and uncertainties that could affect actual results.
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Analyst Views on GPRE
Wall Street analysts forecast GPRE stock price to fall
5 Analyst Rating
2 Buy
2 Hold
1 Sell
Hold
Current: 13.920
Low
9.00
Averages
11.50
High
15.00
Current: 13.920
Low
9.00
Averages
11.50
High
15.00
About GPRE
Green Plains Inc. is a biorefining company. The Company is focused on the development and utilization of fermentation, agricultural and biological technologies in the processing of annually renewable crops into sustainable value-added ingredients. This includes the production of cleaner low carbon biofuels and renewable feedstocks for advanced biofuels. The Company is a producer of Sequence and novel ingredients for animal and aquaculture diets. Its ethanol production segment includes the production, storage and transportation of ethanol, distillers grains, ultra-high protein and renewable corn oil at ten biorefineries in Illinois, Indiana, Iowa, Minnesota, Nebraska and Tennessee. Its Agribusiness and Energy Services segment includes grain procurement, with over 20.2 million bushels of grain storage capacity, and its commodity marketing business, which markets, sells and distributes the ethanol, distillers’ grains, protein and renewable corn oil produced at its ethanol plants.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Significant Revenue Decline: The company's revenue of $428.8 million represents a 26.6% year-over-year decline and fell short of the $538.3 million forecast, highlighting ongoing demand challenges in the market.
- Market Reaction Analysis: Given the revenue miss, investors may adopt a cautious stance regarding the company's growth outlook, potentially impacting stock performance in a competitive landscape.
- Financial Data Review: Historical earnings data for Green Plains shows that despite facing challenges, the company is striving to maintain profitability, necessitating attention to strategic adjustments to navigate market fluctuations.
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- Revenue Expectations Decline: Despite strong EPS expectations, the consensus revenue estimate stands at $538.3 million, representing a 7.8% year-over-year decline, suggesting potential sales pressures that could impact overall financial performance.
- Historical Performance Review: Over the past year, Green Plains has only beaten EPS and revenue estimates 25% of the time, highlighting challenges in meeting market expectations, which may affect investor confidence moving forward.
- Estimate Revision Dynamics: In the last three months, EPS estimates have seen three upward revisions and four downward revisions, while revenue estimates have experienced one upward revision and four downward revisions, indicating mixed market sentiment regarding the company's future performance and potential stock price volatility.
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- Leadership Advantage: Reis brings extensive financial and operational expertise from her previous roles as CFO and Chief Accounting Officer at Southwest Iowa Renewable Energy, which is expected to enhance Green Plains' operational excellence and measurement-driven results.
- Strategic Support: CEO Chris Osowski emphasized that Reis's collaborative leadership style and strategic insights will support the company's long-term growth strategy, further strengthening the team's execution capabilities.
- Industry Experience: Reis's addition not only brings a fresh perspective to the company but also fosters collaboration with senior leadership, driving Green Plains' continued development in the renewable energy sector.
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Stock Performance Comparison: GPRE's shares have declined by 10.8% over the past year, slightly worse than the industry average decline of 10.4%, and currently holds a Zacks Rank of #3 (Hold).
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