GPP - Green Plains Partners LP

NasdaqGM - NasdaqGM Real Time Price. Currency in USD
14.78
+0.06 (+0.41%)
At close: 4:00PM EST
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Previous Close14.72
Open14.77
Bid14.60 x 1000
Ask14.78 x 800
Day's Range14.70 - 14.78
52 Week Range12.53 - 16.47
Volume64,819
Avg. Volume50,325
Market Cap342.314M
Beta (5Y Monthly)0.53
PE Ratio (TTM)8.06
EPS (TTM)1.83
Earnings DateFeb 09, 2020 - Feb 13, 2020
Forward Dividend & Yield1.90 (12.93%)
Ex-Dividend DateJan 28, 2020
1y Target Est15.67
  • GlobeNewswire

    Green Plains Partners Declares Quarterly Distribution

    OMAHA, Neb., Jan. 16, 2020 -- Green Plains Partners LP (NASDAQ:GPP) today announced that the board of directors of its general partner declared a quarterly cash distribution of.

  • GlobeNewswire

    Green Plains Inc. Completes Sale of its 50% Stake in JGP Energy Partners LLC to Jefferson Energy Holdings LLC for $29 Million

    OMAHA, Neb., Dec. 12, 2019 -- Green Plains Inc. (NASDAQ:GPRE) announced today that it has completed the previously announced sale of its 50% joint venture interest in JGP.

  • 3 Under-The-Radar Dividend Stocks with over 9% Dividend Yield
    TipRanks

    3 Under-The-Radar Dividend Stocks with over 9% Dividend Yield

    Reading the news about the stock markets, it pays to remember that the giant corporations – the Apples and the Microsofts, the Walmarts and the Home Depots – have a habit of taking up all the available oxygen in the room. That is, they hog the headlines, and can obscure a view of the larger picture.That larger picture, examined with an eye for the unusual, can reveal some excellent stock deals. There are plenty of bargain deals in the equity markets, and they offer plenty of reasons for investors to look twice. We’ve used the TipRanks Stock Screener tool to search the database and find three that fit the profile, with a special focus on dividend stocks.By choosing the right filter settings, we could focus directly on stocks with solid upside potential, a Buy rating, and a dividend yield of over 5%. That last is particularly important, as a high dividend yield indicates a stock that will return income to investors at rates well above the average. A further refinement of the search, to narrow it down to small and micro-cap stocks, weeded out any large companies that likely already get plenty of press attention. The resulting search brought back 69 stocks that matched the profile – a far more manageable number for market research. We’ve chosen three of the high-yielding dividend stocks from that short list for a closer examination. Let's take a closer look:Cypress Energy Partners (CELP)The energy industry in North America is booming – that’s a fact. Extraction of oil and natural gas is big business across the United States – in Texas, the Dakotas, Appalachia – and in the Canadian West. There’s no lack of customers, as the US, in September, saw its first-ever month as a net oil exporter, and markets are expanding for natural gas, a cleaner burning alternative to petroleum derivatives.All of this gas and oil, and the customers that depend on it, would come to nothing if it weren’t for the midstream companies. These are the players who actually move the product – they control pipelines; tankers on road, rail, and water; terminals; and storage facilities. The midstream companies, while they don’t get the same attention as the extraction companies, make the business possible. Cypress Energy inhabits this sphere.The company operates in several segments of the midstream niche. It offers pipeline inspection and testing services across the United States, as well as water sourcing, gathering, disposal, and recycling facilities in the Bakken oil fields of the Dakotas. This micro-cap (market cap of $105 million) company reported strong financials, with Q3 revenues coming in at $108.9 million and net income at $5.5 million, while net debt was deleveraged by 17%.But for investors, the most important part was the dividend. For the quarter, CELP paid out 21 cents per share, or 84 cents annualized and a 10% yield, consistent with its payouts for the previous 10 quarters. That’s right – Cypress has maintained its dividend at almost 5x the S&P’s average yield for over two and a half years. It’s a flashing sign to investors that this stock is poised to give a solid return. This is backed up by the stock’s impressive 56% gain in 2019.In line with our search profile, CELP has only one recent analyst review, but that is a firm Buy. B. Riley analyst Tom Curran wrote last week, “Our confidence in Cypress Energy Partners' 2020 growth potential … has been significantly bolstered by the partnership's 3Q19 beat and outlook update… [and] research we have done that quantifies the U.S. oil and gas midstream's dual secular uptrends in annual total pipeline mileage and total miles inspected per year…”Curran puts an $11 price target with his Buy rating, indicating confidence in a 26% upside. (To watch Curran’s track record, click here)Green Plains Partners LP (GPP)Our second stock, Green Plains, operates in an industry adjacent to oil and gas midstreaming. GPP provides storage, transport, and terminal services to the fuel industry, with a network of storage tanks and transport assets for ethanol and other volatile fuels.GPP’s primary focus is on ethanol. The company owns 32 facilities in 5 Midwest and Great Plains farming states, plus Tennessee and Texas, and can handle 1.1 billion gallons per year. Terminal facilities across the South, and more than 2,800 rail tankers with a total capacity of 85 million gallons, extend the company’s ethanol transport network.Weak margins in Q3 definitely weighed on the company, but the outlook is better moving forward. CEO Todd Becker said, in the Q3 earnings conference call last month, that margins turned positive during Q4 and are expected to hold at positive or breakeven levels through mid-2020. He points out, “Our balance sheet has allowed us to be patient,” and important point, as the company has available $254 million in cash and cash equivalents, plus $260 million accessible in revolving credit agreements.From the standpoint of returns to investors, especially on dividends, GPP truly stands out. The company raised its dividend payment each quarter back in 2017, from 43 cents quarterly to 48 cents, and has held it steady at 48 ever since. The current annualized payment, $1.90, gives the dividend the tremendous yield of 14.1%. This is 7x the ~2% average yield of S&P listed companies, and the long history of consistent payments or incremental increases, plus the company’s strong cash position, are signs that the dividend is sustainable.Green Plains’ only recent analyst review comes from RBC Capital analyst Elvira Scotto. The five-star analyst published her note on the stock back in September, and strongly reiterated her stance in early November. In her September comments, she wrote, “We believe GPP's contract structure provides highly visible cash flow in the near-term. Longer-term we believe GPP can grow and further diversify through acquisitions given its strong balance sheet.”Scotto puts a $15 price target with her Buy rating on GPP, implying an upside of 11%. (To watch Scotto’s track record, click here)Advanced Emissions Solutions (ADES)The energy boom has resulted, of course, in increased use of fuels of all sorts, from oil to natural gas to ethanol – and even to coal. ADES works that last segment, providing technologies and solutions to control plant emissions pollutants from coal-fired power generation. The company also offers water purification technologies for industrial and municipal uses.The popular push toward a cleaner environment, and the political pull of environmentalist groups, has turned emissions cleaning solutions into a big business. ADES is a profitable company – not always a given in a competitive business with low margins. In Q3, revenues rose from last year’s $5.1 million to the current $19.1 million. Net income dropped, however, slipping 29% to $3.9 million. The drop in revenues is attributable to a negative hit on the company from the increasing popularity of natural gas and other cleaning burning fuels. Remember here that ADES works heavily with coal-fired power plants. Shares price fell 14% after the quarterly release, reflecting investor unease with the loss in net income.On a brighter spot for investors, however, ADES reported having $20.2 million in cash and cash equivalents on hand in September. While this was down 15% from the company’s cash position at the end of 2018, the spending was on shareholders. Over the course of 2019, ADES has been returning income to investors through dividends and buybacks. The dividend of 25 cents per quarter has been stable for over two years, and management’s actions this year shows a commitment to maintaining it. The $1 annualized payment gives a yield of 9.8%, a boon for investors, while the 43 % payout ratio shows that the dividend is easily sustainable.H.C. Wainwright analyst Amit Dayal is bullish on ADES, writing on November 14, just after the earnings report was released, that management is confident that they can win and renew contracts above historical levels, and drive growth into the 15% to 20% range next year. He says, “We are projecting overall top line revenues of $74.5M in 2019 and expect these to rise to $111.3M in 2021…”Dayal rates ADES as a Buy, with an $18 stock-price forecast. His target suggests an impressive 77% upside potential to the stock, indicating confidence that the recent slip in share price was a more of a blip. (To watch Dayal’s track record, click here)

  • GlobeNewswire

    Green Plains Partners Reports Third Quarter 2019 Financial Results

    Results for the Third Quarter of 2019 Net income of $10.1 million, or $0.43 per common unitAdjusted EBITDA of $13.3 million and distributable cash flow of $11.1.

  • GlobeNewswire

    Green Plains Reports Third Quarter 2019 Financial Results

    Results for the Third Quarter of 2019: Net loss attributable to the company of $39.0 million, or $(1.06) per diluted shareAdjusted EBITDA of $(13.4) millionCash, cash.

  • GlobeNewswire

    Green Plains to Host Third Quarter 2019 Earnings Conference Call on Wednesday, November 6th, 2019

    OMAHA, Neb., Oct. 24, 2019 -- Green Plains Inc. (NASDAQ:GPRE) and Green Plains Partners LP (NASDAQ:GPP) will release third quarter 2019 financial results after the market.

  • Are Investors Undervaluing Green Plains Partners (GPP) Right Now?
    Zacks

    Are Investors Undervaluing Green Plains Partners (GPP) Right Now?

    Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.

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  • PR Newswire

    Alerian Reports June 30, 2019 Index Linked Product Positions

    DALLAS , Aug. 9, 2019 /PRNewswire/ -- Alerian reported, as of June 28, 2019 , total products directly tied to and tracking the Alerian indices was $13.7 billion . Exchange traded funds, exchange traded ...

  • Green Plains Inc (GPRE) Q2 2019 Earnings Call Transcript
    Motley Fool

    Green Plains Inc (GPRE) Q2 2019 Earnings Call Transcript

    GPRE earnings call for the period ending June 30, 2019.

  • GlobeNewswire

    Green Plains Partners Reports Second Quarter 2019 Financial Results

    Results for the Second Quarter of 2019 Net income of $10.7 million, or $0.45 per common unitAdjusted EBITDA of $13.9 million and distributable cash flow of $11.7.

  • GlobeNewswire

    Green Plains Reports Second Quarter 2019 Financial Results

    Results for the Second Quarter of 2019: Net loss attributable to the company of $45.3 million, or $(1.13) per diluted shareEBITDA of $(19.8) millionCash, cash equivalents and.

  • Is Green Plains a Buy?
    Motley Fool

    Is Green Plains a Buy?

    Shares look awfully cheap, but there's a good reason for that.

  • GlobeNewswire

    Green Plains to Host Second Quarter 2019 Earnings Conference Call on Tuesday, August 6th, 2019

    OMAHA, Neb., July 29, 2019 -- Green Plains Inc. (NASDAQ:GPRE) and Green Plains Partners LP (NASDAQ:GPP) will release second quarter 2019 financial results after the market.

  • Reuters

    UPDATE 1-U.S. ethanol industry nearing breaking point -Green Plains CEO

    The U.S. ethanol industry is about to break under the weight of the Trump Administration's trade war with China and the surge in the number of small refineries exempted from the nation's biofuel laws, Green Plains Chief Executive Officer Todd Becker said. The U.S. ethanol industry was preparing for growth in recent years, but the momentum has stalled in the face of President Donald Trump's trade war with China, a major buyer, and his administration's decision to align itself with the oil industry on demand-cutting waivers from biofuel laws, Becker said.

  • Reuters

    RPT-U.S. ethanol plants expected to cut output on poor margins, oversupply

    U.S. ethanol plants are expected to sharply curtail production in the weeks ahead as steep Midwest corn prices and the U.S.-China trade war have led to weak margins and oversupply, industry sources said. Margins to produce ethanol in the Corn Belt - where most U.S. production takes place - have fallen to a four-year seasonal low, while ethanol inventories are at the highest seasonally since at least 2010. Industry sources said this glut makes future cuts inevitable, particularly as corn prices are making production even more expensive.

  • Why Shares of Green Plains Dropped 17% in June
    Motley Fool

    Why Shares of Green Plains Dropped 17% in June

    This ethanol producer seeks to better allocate its capital -- or does it?

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  • Why Energizer Holdings, Gran Tierra Energy, and Green Plains Slumped Today
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    Despite mildly encouraging news from the Fed, these stocks lost ground.

  • Here's Why Green Plains Fell as Much as 12.5% Today
    Motley Fool

    Here's Why Green Plains Fell as Much as 12.5% Today

    The business suspended its dividend. While that's not exactly a surprising move, it highlights the sour financial position of the ethanol leader.