Green Plains raises 2026 carbon EBITDA outlook to $230 million–$250 million
GPRE•Green Plains raised its 2026 carbon EBITDA outlook to $230 million–$250 million from 45Z production tax credits. Third-quarter 45Z EBITDA was $65.4 million, and November cash proceeds totaled $140 million.
1. Outlook and credit proceeds
Green Plains raised its 2026 carbon EBITDA outlook to $230 million–$250 million from 45Z production tax credits and expects a higher contribution in 2027. Third-quarter 45Z EBITDA reached $65.4 million, contributing to total adjusted EBITDA of $118 million, more than double a year earlier. The credit monetization agreement covers $325 million of potential 2026 credits, with an option for another $30 million. November cash proceeds totaled $140 million, with remaining collections expected in the first half of 2027.
