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Green Plains Inc. posts loss for first quarter

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Ethanol producer Green Plains Inc. announced a net loss for the first quarter of $3.3 million, or 9 cents per diluted share, compared with net income of $43.2 million, or $1.04 per diluted share, for the same period in 2014. Revenues were $738.4 million for the first quarter of 2015, compared with $733.9 million for the same period in 2014. “As we indicated in February, U.S. ethanol industry margins were compressed during the first quarter of 2015 as energy prices declined. Domestic and global ethanol prices have adjusted to remain very competitive with wholesale gasoline,” said Todd Becker, president and CEO. “Consumer demand for transportation fuels has continued to strengthen, providing a more positive outlook for the balance of the year.”