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Green Plains Partners: Q1 Earnings Insights

Benzinga Insights
·1 min read

Shares of Green Plains Partners (NASDAQ:GPP) rose 6% after the company reported Q1 results.

Quarterly Results

Earnings per share increased 2.33% year over year to $0.44, which beat the estimate of $0.42.

Revenue of $20,271,000 less by 3.87% from the same period last year, which missed the estimate of $20,280,000.

Guidance

Earnings guidance hasn't been issued by the company for now.

Revenue guidance hasn't been issued by the company for now.

Details Of The Call

Date: May 04, 2020

View more earnings on GPP

Webcast URL: https://edge.media-server.com/mmc/p/djgvsy72

Technicals

Company's 52-week high was at $16.13

Company's 52-week low was at $3.47

Price action over last quarter: down 65.60%

Company Overview

Green Plains Partners LP is operational in the United States energy sector. A subsidiary of Green Plains Inc, it was formed to assist its parent company in the business of fuel especially ethanol storage and transportation. The company acquires ethanol storage tanks, terminals, transportation and other related assets essential for its activities. Green Plains Partners generate a substantial portion of its revenues under fee-based commercial agreements with Green Plains Trade for receiving, storing, transferring and transporting ethanol and other fuels.

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