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Falling Fuel Prices Weren't A Problem For Green Plains, Inc. In Q4

The numbers

Independent ethanol producer Green Plains, Inc. (GPRE) reported its earnings for Q4 and FY 2014, beating on both lines. Its Q4 revenue came in $80.1 million above the consensus estimate at $829.9 million, a 16.4% increase YoY. Q4 diluted EPS came in at $1.07, $0.08 above the consensus estimate and 65% higher YoY. A large part of this success was due to the company achieving a capacity utilization rate of 96% in Q4, as it produced and sold 246.6 million gallons of ethanol and 697,000 dry tons (eq.) of distillers grains. Not surprisingly given the Q4 success of Green Plains, the company's FY 2014 earnings also beat expectations, as it reported a diluted EPS of $3.96 versus $3.87 expected. While the Q4 and FY 2014 upside surprises weren't particularly large, they were still impressive, given the beating the share price has taken from the market since early September… Read More …