Filing Flows › Green Plains (GPRE) › Q2 2026 › vs Q1 2026
Green Plains (GPRE) Q2 2026 vs Q1 2026 (quarter over quarter)
Green Plains's revenue rose $420K (+0.1%) from $446M in Q1 2026 to $446M in Q2 2026. The biggest changes: Ethanol Production +$17.4M (+4%); Agribusiness & Energy Services −$17.0M (-32%). Gross margin 25.3% against 19.7% (+5.6 pts).
Green Plains, Q2 2026: revenue $446M (-19% year over year), operating margin 15.2%, net earnings $67.1M, operating cash flow $86.3M. The chart draws each line against Q1 2026, the increases inside each band.
Margins
| Q2 2026 | Q1 2026 | Change | |
|---|---|---|---|
| Gross margin | 25.3% | 19.7% | +5.6 pts |
| Operating margin | 15.2% | 10.0% | +5.2 pts |
| Net margin | 15.0% | 7.4% | +7.7 pts |
| Free cash flow margin | 16.9% | -10.3% | +27.2 pts |
Every line
| Line | Q2 2026 | Q1 2026 | Change | % |
|---|---|---|---|---|
| Ethanol Production | $411M | $393M | $17.4M | +4% |
| Agribusiness & Energy Services | $35.5M | $52.4M | −$17.0M | -32% |
| Revenue | $446M | $446M | $420K | +0.1% |
| Gross profit | $113M | $87.9M | $25.1M | +29% |
| Cost of revenue | $333M | $358M | −$24.7M | -7% |
| Operating profit | $67.9M | $44.8M | $23.1M | +52% |
| Operating expenses | $45.2M | $43.2M | $2.0M | +5% |
| Pre-tax earnings | $61.7M | $36.4M | $25.4M | +70% |
| Other expense, net | $6.2M | $8.4M | −$2.2M | -27% |
| SG&A | $21.7M | $19.5M | $2.2M | +11% |
| Other operating costs | $23.4M | $23.6M | −$188K | -0.8% |
| Income tax benefit | $5.5M | −$2.9M | $8.4M | — |
| Net earnings | $67.1M | $32.9M | $34.2M | +104% |
| Minority interests | $57K | $527K | −$470K | -89% |
| Depreciation & amortization | $23.4M | $23.6M | −$188K | -0.8% |
| Share-based compensation | $2.3M | $1.9M | $425K | +22% |
| Working capital & other | $6.6M | $98.0M | −$91.3M | -93% |
| Operating cash flow | $86.3M | −$39.5M | $126M | — |
| Free cash flow (OCF − capex) | $75.6M | −$45.9M | $122M | — |
| Capital expenditures | $10.7M | $6.4M | $4.2M | +66% |
Questions
How much did Green Plains's revenue grow quarter over quarter in Q2 2026?
Green Plains's revenue rose $420K (+0.1%) from $446M in Q1 2026 to $446M in Q2 2026.
What drove Green Plains's revenue change in Q2 2026?
Ethanol Production +$17.4M (+4%); Agribusiness & Energy Services −$17.0M (-32%).