Filing Flows › Green Plains (GPRE) › Q3 2026 › vs Q2 2026
Green Plains (GPRE) Q3 2026 vs Q2 2026 (quarter over quarter)
Green Plains's revenue rose $49.8M (+11%) from $446M in Q2 2026 to $496M in Q3 2026. The biggest changes: Ethanol Production +$43.7M (+11%); Agribusiness & Energy Services +$6.1M (+17%). Gross margin 28.8% against 25.3% (+3.5 pts).
Green Plains, Q3 2026: revenue $496M (-2% year over year), operating margin 18.7%, net earnings $85.4M, operating cash flow $583K. The chart draws each line against Q2 2026, the increases inside each band.
Margins
| Q3 2026 | Q2 2026 | Change | |
|---|---|---|---|
| Gross margin | 28.8% | 25.3% | +3.5 pts |
| Operating margin | 18.7% | 15.2% | +3.5 pts |
| Net margin | 17.2% | 15.0% | +2.2 pts |
Every line
| Line | Q3 2026 | Q2 2026 | Change | % |
|---|---|---|---|---|
| Ethanol Production | $454M | $411M | $43.7M | +11% |
| Agribusiness & Energy Services | $41.5M | $35.5M | $6.1M | +17% |
| Revenue | $496M | $446M | $49.8M | +11% |
| Gross profit | $143M | $113M | $29.8M | +26% |
| Cost of revenue | $353M | $333M | $20.0M | +6% |
| Operating profit | $92.6M | $67.9M | $24.7M | +36% |
| Operating expenses | $50.2M | $45.2M | $5.1M | +11% |
| Pre-tax earnings | $86.2M | $61.7M | $24.5M | +40% |
| Other expense, net | $6.3M | $6.2M | $181K | +3% |
| SG&A | $26.6M | $21.7M | $4.9M | +23% |
| Other operating costs | $23.6M | $23.4M | $125K | +0.5% |
| Net earnings | $85.4M | $67.1M | $18.3M | +27% |
| Minority interests | $136K | $57K | $79K | +139% |
| Income tax | $700K | −$5.5M | $6.2M | — |
| Operating cash sources | $111M | $92.9M | $18.1M | +20% |
| Depreciation & amortization | $23.6M | $23.4M | $125K | +0.5% |
| Share-based compensation | $2.0M | $2.3M | −$279K | -12% |
| Working capital & other | $110M | $6.6M | $104M | 17× |
| Operating cash flow | $583K | $86.3M | −$85.7M | -99% |
| Capital expenditures | $11.9M | $10.7M | $1.2M | +11% |
| Negative free cash flow (OCF − capex) | $11.3M | −$75.6M | $86.9M | — |
Questions
How much did Green Plains's revenue grow quarter over quarter in Q3 2026?
Green Plains's revenue rose $49.8M (+11%) from $446M in Q2 2026 to $496M in Q3 2026.
What drove Green Plains's revenue change in Q3 2026?
Ethanol Production +$43.7M (+11%); Agribusiness & Energy Services +$6.1M (+17%).