Company Quick10K Filing
Green Plains Partners
10-Q 2020-03-31 Filed 2020-05-06
10-K 2019-12-31 Filed 2020-02-20
10-Q 2019-09-30 Filed 2019-11-07
10-Q 2019-06-30 Filed 2019-08-06
10-Q 2019-03-31 Filed 2019-05-09
10-K 2018-12-31 Filed 2019-02-20
10-Q 2018-09-30 Filed 2018-11-09
10-Q 2018-06-30 Filed 2018-08-02
10-Q 2018-03-31 Filed 2018-05-07
10-K 2017-12-31 Filed 2018-02-14
10-Q 2017-09-30 Filed 2017-11-02
10-Q 2017-06-30 Filed 2017-08-03
10-Q 2017-03-31 Filed 2017-05-04
10-K 2016-12-31 Filed 2017-02-22
10-Q 2016-09-30 Filed 2016-11-03
10-Q 2016-06-30 Filed 2016-08-03
10-Q 2016-03-31 Filed 2016-05-05
10-K 2015-12-31 Filed 2016-02-18
10-Q 2015-09-30 Filed 2015-11-05
10-Q 2015-06-30 Filed 2015-08-12
8-K 2020-05-04 Earnings, Exhibits
8-K 2020-04-16 Other Events, Exhibits
8-K 2020-03-18 Officers, Exhibits
8-K 2020-02-10 Earnings, Exhibits
8-K 2020-01-16 Other Events, Exhibits
8-K 2019-11-05 Earnings, Exhibits
8-K 2019-10-17
8-K 2019-08-05 Earnings, Exhibits
8-K 2019-07-18 Exhibits
8-K 2019-05-08 Officers, Regulation FD, Exhibits
8-K 2019-05-08 Earnings, Exhibits
8-K 2019-04-18 Exhibits
8-K 2019-02-11 Earnings, Exhibits
8-K 2019-01-17 Exhibits
8-K 2018-11-30 Officers
8-K 2018-11-15 Enter Agreement, M&A, Regulation FD, Exhibits
8-K 2018-11-07 Earnings, Exhibits
8-K 2018-10-18 Exhibits
8-K 2018-10-15 Enter Agreement, Off-BS Arrangement, Exhibits
8-K 2018-10-10 Enter Agreement, Exhibits
8-K 2018-08-01 Leave Agreement
8-K 2018-08-01 Earnings, Exhibits
8-K 2018-07-19 Other Events, Exhibits
8-K 2018-07-16 Officers, Exhibits
8-K 2018-05-07 Earnings, Exhibits
8-K 2018-04-19 Other Events, Exhibits
8-K 2018-03-19 Officers
8-K 2018-02-16 Enter Agreement, Off-BS Arrangement, Regulation FD, Exhibits
8-K 2018-02-07 Earnings, Exhibits
8-K 2018-01-18 Other Events, Exhibits

Green Plains Partners Financials

GPP Metrics, Comps, Filings

Quarterly | Annual

Business

References to “we,” “our,” “us” or the “partnership” used in present tense for periods beginning on or after July 1, 2015, refer to Green Plains Partners LP and its subsidiaries. References to the “MLP predecessor” used in a historical context for periods ended on or before June 30, 2015, refer to BlendStar LLC and its subsidiaries, the partnership’s predecessor for accounting purposes, and the assets, liabilities and results of operations of the ethanol storage and leased railcar assets contributed by Green Plains in connection with the IPO on July 1, 2015. References to our “sponsor” in transactions subsequent to the IPO refer to Green Plains.

We are a master limited partnership formed by our parent on March 2, 2015. On July 1, 2015, we completed our IPO of 11,500,000 common units representing limited partner interests. Our common units are traded under the symbol “GPP” on Nasdaq. After completing the IPO, in addition to the interests of BlendStar, we obtained the ethanol storage and leased railcar assets and liabilities previously owned and operated by our parent, in a transfer between entities under common control.

On January 1, 2016, we acquired the ethanol storage and leased railcar assets of the Hereford, Texas and Hopewell, Virginia ethanol production facilities from our sponsor in a transfer between entities under common control. The assets were recognized at historical cost and reflected retroactively along with related expenses for periods prior to the effective date of the acquisition, subsequent to the initial dates the assets were acquired by our sponsor, on October 23, 2015, and November 12, 2015, for Hopewell and Hereford, respectively. There were no revenues related to these assets for periods before January 1, 2016, when the amendments to our commercial agreements related to the drop down became effective.


Valuation ($MM)

Market Cap, Enterprise Value

Balance Sheet ($MM)

Assets, Equity

Income Statement ($MM Quarterly)

Revenue, G Profit, Net Income

Cash Flow ($MM Quarterly)

Ops, Inv, Fin

Comps ($'000 TTM) Market Cap Gross Margin EV/EBITDA Ret on Assets Assets Liabilities Revenue G Profit Net Income EBITDA EV
Advanced Emissions Solutions (ADES) 264,786 10% 4.6 19% 178,728 71,428 64,665 6,594 33,437 64,359 294,979
Venator Materials (VNTR) 264,368 12% 17.5 -3% 2,330,000 1,485,000 2,150,000 249,000 -66,000 56,000 977,368
NL Industries (NL) 198,924 31% 2.2 4% 555,348 231,887 122,009 37,939 24,388 28,401 61,282
Flotek Industries (FTK) 124,498 -5% 0.4 16% 249,357 37,646 143,276 -6,767 40,276 48,367 17,504
LSB Industries (LXU) 103,000 8% 10.4 -4% 1,129,781 846,285 385,904 29,673 -48,748 47,345 492,970
Tantech Holdings (TANH) 50,782 0% 134,194 24,208 0 0 0 0 40,912
Gevo (GEVO) 47,193 -55% -1.5 -23% 95,468 18,548 17,599 -9,707 -21,845 -16,996 26,249
Gulf Resources (GURE) 46,631 49% 36.6 -6% 287,947 21,824 10,597 5,166 -18,671 -1,600 -58,587
Flexible Solutions International (FSI) 29,344 31% 7.5 5% 33,513 12,613 26,462 8,265 1,778 3,603 26,879
Delta Technology Holdings (DELT) 13,293 0% 67,175 89,982 0 0 0 0 12,275
Synthesis Energy Systems (SES) 6,178 87% -1.0 -125% 9,010 7,748 422 369 -11,219 -9,879 9,502
Pacific Ethanol (PEIX) 28 -3% -7.4 -12% 652,860 380,345 1,067,264 -34,155 -79,872 -30,392 225,492
Aemetis (AMTX) 21 5% -15.2 -33% 96,683 243,435 149,896 6,904 -31,823 -12,871 196,229
Hydrogenics (HYGS)
Methanex Corporation (MEOH)
Sinopec Shanghai Petrochemical (SHI) 0% 44,385,897 13,923,456 0 0 0 0 -8,719,811
Urban Tea (MYT) 0% 10,847 1,695 0 0 0 0 -4,669
Westlake Chemical Partners (WLKP) 32% -0.0 23% 1,407,056 444,325 1,154,798 369,460 322,567 403,458 -18,647
Element Solutions (ESI) 43% 8.3 0% 4,273,100 2,152,600 1,859,600 799,200 4,200 160,000 1,321,700
Green Plains Partners (GPP) 0% 3.4 26% 119,758 194,696 85,319 0 31,089 40,409 139,072

Balance Sheet ($'000)2015-06-302015-09-302015-12-312016-03-312016-06-302016-09-302016-12-312017-03-312017-06-302017-09-302017-12-312018-03-312018-06-302018-09-302018-12-312019-03-312019-06-302019-09-30
Cash4,54118,23416,3855,6262,7641,3256228932,939253502588268432569304269990
Accounts Receivable4893485669051,1375171,5139587998122,6408111,2237321,4602,2771,090697
Inventory
PP&E29,81254,29855,09441,35740,41251,98674,90050,15650,07349,63077,28248,33947,24146,15669,17639,92638,82238,052
Assets44,39893,31789,55181,19878,77588,93593,77693,30390,62792,79792,26896,89092,19189,31181,144121,400123,178119,758
Accounts Payable34710,0529,6994,4114,7384,8494,2808,3336,7598,6905,85410,6756,3537,5342,5014,6975,7746,707
Long-Term Debt8,1008,1008,10059,10055,100140,100137,100134,600136,000137,100135,000137,100137,000136,100142,100143,037140,249140,062
Liabilities10,85527,03424,04072,59269,285155,975157,942156,386154,843157,112155,114161,610158,623156,711153,598194,796197,055194,696
Stockholders' Equity33,28666,28365,5118,6069,490-67,040-64,166-63,083-64,216-64,315-62,846-64,720-66,432-67,400-72,454-73,396-73,877-74,938
Income Statement ($'000)2015-06-302015-09-302015-12-312016-03-312016-06-302016-09-302016-12-312017-03-312017-06-302017-09-302017-12-312018-03-312018-06-302018-09-302018-12-312019-03-312019-06-302019-09-30
Revenue3,44521,41022,68623,78925,49326,20528,28527,22925,13226,44928,25025,88525,84025,77023,25321,08720,82520,154
Cost of Revenue
Gross Profit
R&D
SG&A4031,0321,4831,2091,0511,3957691,2121,1249221,4011,1791,1091,117988949
Tax343-4,788-101767952-80954843071535311264745
Net Income57810,87912,13012,18213,98214,19916,44214,97713,86314,46616,33913,37213,72214,45110,24810,70910,132
Cash Flow ($'000)2015-06-302015-09-302015-12-312016-03-312016-06-302016-09-302016-12-312017-03-312017-06-302017-09-302017-12-312018-03-312018-06-302018-09-302018-12-312019-03-312019-06-302019-09-30
Cash Operating1,38111,56913,69914,51717,98315,99616,72416,05512,88418,39114,68916,57016,69810,00413,95212,203
Cash Investing-308-473-62,399-244-90,136-70-2,065-966-1,212-1,296-139-8
Cash Financing12,620-12,94537,941-17,13570,714-16,629-16,453-12,878-13,505-17,176-13,391-15,594-16,395-10,269-14,069-11,474