Stockholders' Equity (Tables)

3 Months Ended

Mar. 31, 2026

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