| Stockholders' Equity |
STOCKHOLDERS’ EQUITY Components of stockholders’ equity for the three months ended March 31, 2026 and 2025 are as follows (in thousands): | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Common Stock | Additional Paid-in Capital | Retained Deficit | Accumulated Other Comprehensive Income (Loss) | Treasury Stock | Total Green Plains Stockholders' Equity | Non- Controlling Interests | Total Stockholders' Equity | | Shares | Amount | Shares | Amount | | | | | | | | | | | | | Balance, December 31, 2025 | 75,502 | | $ | 76 | | $ | 1,267,839 | | $ | (439,576) | | $ | (618) | | 5,668 | | $ | (61,474) | | $ | 766,247 | | $ | 5,724 | | $ | 771,971 | | | Net income | — | | — | | — | | 32,938 | | — | | — | | — | | 32,938 | | 527 | | 33,465 | | | Distributions declared | — | | — | | — | | — | | — | | — | | — | | — | | (402) | | (402) | | | Other comprehensive loss before reclassification | — | | — | | — | | — | | (9,569) | | — | | — | | (9,569) | | — | | (9,569) | | | Amounts reclassified from accumulated other comprehensive loss | — | | — | | — | | — | | (3,920) | | — | | — | | (3,920) | | — | | (3,920) | | | Other comprehensive loss, net of tax | — | | — | | — | | — | | (13,489) | | — | | — | | (13,489) | | — | | (13,489) | | | Stock-based compensation | 201 | | — | | (520) | | — | | — | | — | | — | | (520) | | — | | (520) | | | Balance, March 31, 2026 | 75,703 | | $ | 76 | | $ | 1,267,319 | | $ | (406,638) | | $ | (14,107) | | 5,668 | | $ | (61,474) | | $ | 785,176 | | $ | 5,849 | | $ | 791,025 | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Common Stock | Additional Paid-in Capital | Retained Deficit | Accumulated Other Comprehensive Loss | Treasury Stock | Total Green Plains Stockholders' Equity | Non- Controlling Interests | Total Stockholders' Equity | | Shares | Amount | Shares | Amount | | | | | | | | | | | | | Balance, December 31, 2024 | 67,512 | | $ | 68 | | $ | 1,213,646 | | $ | (318,298) | | $ | 973 | | 2,805 | | $ | (31,174) | | $ | 865,215 | | $ | 9,322 | | $ | 874,537 | | | Net loss | — | | — | | — | | (72,906) | | — | | — | | — | | (72,906) | | 265 | | (72,641) | | | Other comprehensive loss before reclassification | — | | — | | — | | — | | (2,307) | | — | | — | | (2,307) | | — | | (2,307) | | | Amounts reclassified from accumulated other comprehensive loss | — | | — | | — | | — | | 37 | | — | | — | | 37 | | — | | 37 | | | Other comprehensive loss, net of tax | — | | — | | — | | — | | (2,270) | | — | | — | | (2,270) | | — | | (2,270) | | | Investment in subsidiaries | — | | — | | — | | — | | — | | — | | — | | — | | 94 | | 94 | | | Stock-based compensation | 688 | | — | | 7,468 | | — | | — | | — | | — | | 7,468 | | — | | 7,468 | | | Balance, March 31, 2025 | 68,200 | | $ | 68 | | $ | 1,221,114 | | $ | (391,204) | | $ | (1,297) | | 2,805 | | $ | (31,174) | | $ | 797,507 | | $ | 9,681 | | $ | 807,188 | |
Amounts reclassified from accumulated other comprehensive loss are as follows (in thousands): | | | | | | | | | | | | | | | | | | | Three Months Ended March 31, | | Statements of Operations Classification | | 2026 | | 2025 | | | Gains (losses) on cash flow hedges | | | | | | | Commodity derivatives | $ | 390 | | | $ | (25) | | | (1) | | Commodity derivatives | 4,865 | | | (24) | | | (2) | | Total losses on cash flow hedges | 5,255 | | | (49) | | | (3) | | Income tax expense (benefit) | (1,335) | | | 12 | | | (4) | | Amounts reclassified from accumulated other comprehensive loss | $ | 3,920 | | | $ | (37) | | | |
(1)Revenues (2)Costs of goods sold (3)Income (loss) before income taxes and income (loss) from equity method investees (4)Income tax benefit
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