Filing Flows › Green Plains (GPRE) › Q2 2026
Green Plains (GPRE) Q2 2026 earnings results (second quarter 2026)
10-Q filed Aug 6, 2026
Green Plains (GPRE) reported revenue of $446M for the second quarter 2026 (Q2 2026), -19% from a year earlier and +0.1% from the quarter before. Operating margin was 15.2%, net earnings $67.1M (15.0% of revenue).
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 follows the revenue to costs, profit and cash.
| Q2 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $446M | +0.1% | -19% |
| Gross profit | $113M | +29% | +172% |
| Operating profit | $67.9M | +52% | — |
| Net earnings | $67.1M | +104% | — |
| Operating cash flow | $86.3M | — | +47% |
| Free cash flow | $75.6M | — | +59% |
What changed
Revenue was $446.2M in Q2 2026, down 19% year over year and roughly flat from the previous quarter. Ethanol Production was the largest line at 92% of revenue. Ethanol Production lost $116.2M year over year (down 22%), 109% of the total change.
Gross margin was 25.3%, up 17.8 points from Q2 2025. Operating profit was $67.9M, a 15.2% margin (up 20.3 points year over year). Operating expenses fell 35% while revenue fell 19%. Net earnings were $67.1M. The effective tax rate was -8.9%.
Operating cash flow was $86.3M (up 47% year over year), 128% of net earnings. Non-cash charges added back $23.4M of depreciation and amortization and $2.3M of share-based compensation. Working capital and other items used $6.7M. Capital expenditures of $10.7M left free cash flow of $75.6M.
Questions
What was Green Plains' revenue in the second quarter 2026?
Green Plains (GPRE) reported revenue of $446M for the second quarter 2026 (Q2 2026), -19% from a year earlier and +0.1% from the quarter before.
Was Green Plains profitable in the second quarter 2026?
Operating profit was $67.9M (15.2% of revenue) and net earnings $67.1M.
Source: Green Plains 10-Q on SEC EDGAR.