Green Plains shares surge 14.07% premarket on $52.6M adjusted EBITDA, 45Z tax credit monetization, and debt reduction via Tennessee plant sale.

Green Plains Inc. surged 14.07% in premarket trading following the release of its Q3 2025 earnings report, which showed a $0.17 EPS beat (exceeding forecasts of a $0.03 loss) and $52.6 million in adjusted EBITDA. The results highlighted progress on 45Z production tax credits ($25 million net value in Q3, with $40–50 million expected for 2025), the completion of a $170 million Tennessee plant sale (used to repay $130.7 million in debt), and operational milestones like full carbon capture startup in Nebraska. These developments signaled improved profitability, debt reduction, and carbon intensity advantages, aligning with the stock’s sharp premarket rise. While a Roth/MKM downgrade to Neutral and valuation concerns were noted, the earnings beat and strategic updates drove the immediate positive reaction.