Exhibit 99.2
SUMMARY OF RECLASSIFICATIONS DUE TO CHANGE IN ACCOUNTING POLICY
During the first quarter of 2026, the company elected to early adopt ASU 2025-10, Accounting for Government Grants Received by Business Entities. Concurrently, the company elected to change its accounting policy related to the recognition of Section 45Z clean fuel production tax credits. The change in accounting policy results in the recognition of Section 45Z clean fuel production tax credits by analogy under the income model of ASU 2025-10, which results in a reduction of cost of goods sold in the statements of operations and recognition as production tax credits on the consolidated balance sheets. The company previously recorded the credits under ASC 740, Accounting for Income Taxes, which resulted in recognition within income tax benefit in the statements of operations and deferred income taxes, net in the consolidated balance sheets. The company determined that the income model under ASU 2025-10 is preferable because it better reflects the financial benefit of Section 45Z clean fuel production tax credits netted against the costs to produce the low-carbon fuels that the tax legislation was meant to incentivize. The company determined that retrospective adjustment to prior period financials is required. No Section 45Z clean fuel production tax credits were recognized during the first or second quarters of 2025, so no adjustments were made in the statements of operations; however, the company has reclassified balances previously reported as deferred income taxes, net, and other long-term liabilities to production tax credits on the consolidated balance sheets as of December 31, 2025.
The company has included the adjusted consolidated balance sheets as of December 31, 2025 and consolidated statements of operations for the three months ended September 30, 2025 and December 31, 2025 and for the year ended December 31, 2025 below to disclose the impact to each period presented to conform to the presentation under the new accounting policy. Also included are the adjustments to the non-GAAP reconciliations of (1) net income to adjusted EBITDA and (2) segment EBITDA to adjusted EBITDA for the three months ended September 30, 2025 and December 31, 2025 and for the year ended December 31, 2025.

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GREEN PLAINS INC.
CONSOLIDATED BALANCE SHEETS
(in thousands)
December 31, 2025
As AdjustedAs Previously Reported
ASSETS
Current assets
Cash and cash equivalents$182,319 $182,319 
Restricted cash47,813 47,813 
Accounts receivable, net of allowances74,374 74,374 
Inventories148,095 148,095 
Production tax credits
40,328 — 
Prepaid expenses and other18,117 18,117 
Derivative financial instruments11,494 11,494 
Total current assets522,540 482,212 
Property and equipment, net
957,256 957,256 
Operating lease right-of-use assets63,849 63,849 
Deferred income taxes, net— 33,837 
Other assets41,242 41,242 
Total assets$1,584,887 $1,578,396 
LIABILITIES AND STOCKHOLDERS' EQUITY
Current liabilities
Accounts payable$134,912 $134,912 
Accrued and other liabilities66,828 66,828 
Derivative financial instruments7,901 7,901 
Operating lease current liabilities21,557 21,557 
Short-term notes payable and other borrowings33,584 33,584 
Current maturities of long-term debt3,924 3,924 
Total current liabilities268,706 268,706 
Long-term debt361,992 361,992 
Operating lease long-term liabilities43,648 43,648 
Carbon equipment liabilities104,217 104,217 
Other liabilities34,353 27,862 
Total liabilities812,916 806,425 
Stockholders' equity
Common stock
76 76 
Additional paid-in capital1,267,839 1,267,839 
Retained deficit(439,576)(439,576)
Accumulated other comprehensive loss(618)(618)
Treasury stock(61,474)(61,474)
Total Green Plains stockholders' equity766,247 766,247 
Noncontrolling interests5,724 5,724 
Total stockholders' equity771,971 771,971 
Total liabilities and stockholders' equity$1,584,887 $1,578,396 

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GREEN PLAINS INC.
CONSOLIDATED STATEMENTS OF OPERATIONS
(in thousands, except per share amounts)
Three Months EndedTwelve Months Ended
September 30, 2025December 31, 2025December 31, 2025
 As Adjusted
As Previously Reported
As Adjusted
As Previously Reported
As Adjusted
As Previously Reported
Revenues$508,487 $508,487 $428,849 $428,849 $2,091,680 $2,091,680 
Costs and expenses
Cost of goods sold429,800 456,321 361,059 388,698 1,900,594 1,954,754 
Selling, general and administrative expenses29,335 29,335 22,861 22,861 122,713 122,713 
(Gain) loss on sale of assets, net(36,006)(36,006)427 427 (31,535)(31,535)
Depreciation and amortization expenses24,968 24,968 23,519 23,519 98,434 98,434 
Impairment of assets held for sale— — 3,838 3,838 14,562 14,562 
Total costs and expenses448,097 474,618 411,704 439,343 2,104,768 2,158,928 
Operating income (loss)60,390 33,869 17,145 (10,494)(13,088)(67,248)
Other income (expense)
Interest income1,089 1,089 1,454 1,454 4,180 4,180 
Interest expense(47,763)(47,763)(6,093)(6,093)(76,668)(76,668)
Other, net(2,673)(2,673)146 146 (4,081)(4,081)
Total other expense(49,347)(49,347)(4,493)(4,493)(76,569)(76,569)
Income (loss) before income taxes and income (loss) from equity method investees
11,043 (15,478)12,652 (14,987)(89,657)(143,817)
Income tax benefit (expense)(883)25,638 869 28,508 (2,414)51,746 
Income (loss) from equity method investees, net of income taxes
814 814 (627)(627)(28,929)(28,929)
Net income (loss)10,974 10,974 12,894 12,894 (121,000)(121,000)
Net income (loss) attributable to noncontrolling interests(952)(952)954 954 278 278 
Net income (loss) attributable to Green Plains$11,926 $11,926 $11,940 $11,940 $(121,278)$(121,278)
Earnings per share
Net income (loss) attributable to Green Plains - basic$0.17 $0.17 $0.17 $0.17 $(1.80)$(1.80)
Net income (loss) attributable to Green Plains - diluted$0.17 $0.17 $0.17 $0.17 $(1.80)$(1.80)
Weighted average shares outstanding
Basic69,855 69,855 69,482 69,482 67,496 67,496 
Diluted77,869 77,869 73,619 73,619 67,496 67,496 

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GREEN PLAINS INC.
RECONCILIATION OF NET INCOME TO ADJUSTED EBITDA
(in thousands)
Three Months EndedTwelve Months Ended
September 30, 2025December 31, 2025December 31, 2025
 As Adjusted
As Previously Reported
As Adjusted
As Previously Reported
As Adjusted
As Previously Reported
Net income (loss)
$10,974 $10,974 $12,894 $12,894 $(121,000)$(121,000)
Interest expense47,763 47,763 6,093 6,093 76,668 76,668 
Income tax expense (benefit), net of equity method income taxes
890 (25,631)(868)(28,508)1,742 (52,419)
Depreciation and amortization expenses24,968 24,968 23,519 23,519 98,434 98,434 
EBITDA
84,595 58,074 41,638 13,998 55,844 1,683 
Restructuring costs
2,709 2,709 2,526 2,526 24,341 24,341 
Loss (gain) on sale of assets, net
(36,006)(36,006)427 427 (31,535)(31,535)
Impairment of assets held for sale
— — 3,838 3,838 14,562 14,562 
Other expense
2,025 2,025 — — 2,025 2,025 
45Z production tax credits
— 26,521 — 27,640 — 54,161 
(Gain) loss on sale of equity method investment
(800)(800)669 669 26,856 26,856 
Proportional share of EBITDA adjustments to equity method investees
45 45 45 45 1,918 1,918 
Adjusted EBITDA
$52,568 $52,568 $49,143 $49,143 $94,011 $94,011 

GREEN PLAINS INC.
RECONCILIATION OF SEGMENT EBITDA TO ADJUSTED EBITDA
(in thousands)
Three Months EndedTwelve Months Ended
September 30, 2025December 31, 2025December 31, 2025
 As Adjusted
As Previously Reported
As Adjusted
As Previously Reported
As Adjusted
As Previously Reported
Ethanol production
$55,185 $28,664 $42,647 $15,007 $87,408 $33,247 
Agribusiness and energy services
6,665 6,665 10,812 10,812 25,661 25,661 
Corporate activities
22,745 22,745 (11,821)(11,821)(57,225)(57,225)
EBITDA
84,595 58,074 41,638 13,998 55,844 1,683 
Restructuring costs
2,709 2,709 2,526 2,526 24,341 24,341 
Loss (gain) on sale of assets, net
(36,006)(36,006)427 427 (31,535)(31,535)
Impairment of assets held for sale
— — 3,838 3,838 14,562 14,562 
Other expense
2,025 2,025 — — 2,025 2,025 
45Z production tax credits
— 26,521 — 27,640 — 54,161 
(Gain) loss on sale of equity method investment
(800)(800)669 669 26,856 26,856 
Proportional share of EBITDA adjustments to equity method investees
45 45 45 45 1,918 1,918 
Adjusted EBITDA
$52,568 $52,568 $49,143 $49,143 $94,011 $94,011 

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