GPP
Green Plains Partners LP [GPP] Stock Forecast
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In the News
Green Plains to Host First Quarter 2023 Earnings Conference Call on May 4, 2023
OMAHA, Neb.--(BUSINESS WIRE)--Green Plains Inc. (NASDAQ:GPRE) and Green Plains Partners LP (NASDAQ:GPP) will release first quarter 2023 financial results prior to the market opening on May 4, 2023, and then host a joint conference call beginning at 9 a.m. Eastern time (8 a.m. Central time) to discuss first quarter 2023 performance and outlook. Domestic and international participants can access the conference call by dialing 888.210.4215 and 646.960.
What To Make Of Green Plains Partners' Juicy 14% Dividend Yield
Green Plains Partners is a midstream company operating in the ethanol industry. The company owns the storage assets of its parent company GPRE. The company has a juicy 14% dividend yield, which is safe under normal circumstances, thanks to steady ethanol volumes, very low CapEx requirements, and a healthy balance sheet.
Green Plains Partners: Generate Significant Alpha From The MLP Discount
Green Plains Partners LP sports a very high circa 14% distribution yield that would normally be considered a red flag for an impending cut. Whereas in this case, it sees adequate free cash flow coverage with further support from very low leverage.
Green Plains to Host Fourth Quarter and Full Year 2022 Earnings Conference Call on February 8, 2023
OMAHA, Neb.--( BUSINESS WIRE )--Green Plains Inc. (NASDAQ:GPRE) and Green Plains Partners LP (NASDAQ:GPP) will release fourth quarter and full year 2022 financial results prior to the market opening on February 8, 2023, and then host a joint conference call beginning at 9 a.m. Eastern time (8 a.m. Central time) to discuss fourth quarter and full year 2022 performance and outlook.
Green Plains Partners: All Indicators Are Looking Up For 2023
The unitholders of Green Plains Partners enjoyed a quiet year during 2022, merely sitting back and collecting a very high near 15% distribution yield. This was supported by their steady cash flow performance that provided adequate distribution coverage if ignoring their small working capital build.
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Green Plains Partners: Maybe Or Maybe Not
The partnership balance sheet is in good shape. The distribution coverage is skimpy even though the distribution was just raised.
Green Plains Partners: 14% Dividend Yield At A Fair Valuation
GPP providing investors with a strong dividend yield of 14% with limited downside risk. GPP announced a quarterly dividend of $0.45 on July 21, 2022, amounting to an annual dividend of $1.80.
6 Outstanding Energy Firms Offering Massive Dividend Yields
Natural gas prices have not been at their current level of around $8.00 per million BTUs since August of 2008, nearly 13 years ago, when the price was retreating from a high of near $13.50 as the fracking boom in production was about to begin.
GPP Financial details
GPP Financial Performance
Yearly Fundamentals Overview
Last date of statement is 2022-12-31
| Metric | History | 2018-12-31 | 2019-12-31 | 2020-12-31 | 2021-12-31 | 2022-12-31 |
|---|---|---|---|---|---|---|
| Revenue per share | 4.35 | 3.56 | 3.6 | 3.38 | 3.44 | |
| Net income per share | 2.41 | 1.79 | 1.78 | 1.74 | 1.75 | |
| Operating cash flow per share | 2.39 | 2.02 | 2.06 | 2.06 | 1.98 | |
| Free cash flow per share | 2.34 | 2 | 2.06 | 2.03 | 1.96 | |
| Cash per share | 0.02 | 0.01 | 0.11 | 0.76 | 0.87 | |
| Book value per share | 0 | 0 | 0 | 0.1 | 0.03 | |
| Tangible book value per share | -3.59 | -3.73 | -2.46 | -0.36 | -0.42 | |
| Share holders equity per share | 0 | 0 | 0 | 0.1 | 0.03 | |
| Interest debt per share | 6.45 | 7.64 | 6.38 | 4.59 | 4.86 | |
| Market cap | 313.98M | 319.64M | 184.03M | 329.23M | 300.91M | |
| Enterprise value | 455.43M | 487.66M | 320.64M | 410.72M | 387.61M | |
| P/E ratio | 5.64 | 7.71 | 4.47 | 8.16 | 7.4 | |
| Price to sales ratio | 3.12 | 3.88 | 2.21 | 4.2 | 3.77 | |
| POCF ratio | 5.67 | 6.85 | 3.85 | 6.89 | 6.55 | |
| PFCF ratio | 5.8 | 6.9 | 3.86 | 6.99 | 6.62 | |
| P/B Ratio | 0 | 0 | 0 | 142.96 | 401.21 | |
| PTB ratio | 0 | 0 | 0 | 142.96 | 401.21 | |
| EV to sales | 4.52 | 5.92 | 3.85 | 5.24 | 4.86 | |
| Enterprise value over EBITDA | 6.74 | 9.24 | 6.05 | 8.06 | 7.74 | |
| EV to operating cash flow | 8.22 | 10.45 | 6.71 | 8.6 | 8.43 | |
| EV to free cash flow | 8.41 | 10.52 | 6.73 | 8.72 | 8.52 | |
| Earnings yield | 0.18 | 0.13 | 0.22 | 0.12 | 0.14 | |
| Free cash flow yield | 0.17 | 0.15 | 0.26 | 0.14 | 0.15 | |
| Debt to equity | 0 | 0 | 0 | 48.71 | 160.9 | |
| Debt to assets | 1.89 | 1.72 | 1.44 | 0.98 | 0.99 | |
| Net debt to EBITDA | 2.09 | 3.18 | 2.58 | 1.6 | 1.73 | |
| Current ratio | 2.03 | 0.11 | 0.15 | 1.47 | 1.35 | |
| Interest coverage | 8.61 | 5.92 | 5.78 | 6.39 | 7.77 | |
| Income quality | 0.99 | 1.12 | 1.16 | 1.18 | 1.13 | |
| Dividend Yield | 0.2 | 0.14 | 0.11 | 0.06 | 0.14 | |
| Payout ratio | 1.11 | 1.09 | 0.48 | 0.47 | 1.04 | |
| Sales general and administrative to revenue | 0.36 | 0.05 | 0.05 | 0.06 | 0.06 | |
| Research and developement to revenue | 0 | 0 | 0 | 0 | 0 | |
| Intangibles to total assets | 0.13 | 0.1 | 0.1 | 0.09 | 0.09 | |
| Capex to operating cash flow | -0.02 | -0.01 | 0 | -0.01 | -0.01 | |
| Capex to revenue | -0.01 | 0 | 0 | -0.01 | -0.01 | |
| Capex to depreciation | -0.28 | -0.09 | -0.04 | -0.18 | -0.12 | |
| Stock based compensation to revenue | 0 | 0 | 0 | 0 | 0 | |
| Graham number | 0 | 0 | 0 | 1.97 | 1.13 | |
| ROIC | 0.82 | 0.49 | 0.51 | 0.63 | 0.6 | |
| Return on tangible assets | 0.79 | 0.44 | 0.43 | 0.39 | 0.37 | |
| Graham Net | -6.12 | -7.29 | -5.97 | -3.61 | -3.91 | |
| Working capital | 8.43M | -138.38M | -101.09M | 10.56M | 8.9M | |
| Tangible asset value | -83.05M | -86.35M | -57.06M | -8.3M | -9.85M | |
| Net current asset value | -136.98M | -163.97M | -133.79M | -79.12M | -86.1M | |
| Invested capital | 0 | 0 | 0 | 43.05 | 142.5 | |
| Average receivables | 17.67M | 16M | 15.7M | 14.65M | 13.78M | |
| Average payables | 5.57M | 4.39M | 5M | 4.68M | 4.59M | |
| Average inventory | 0 | 0 | 0 | 0 | 0 | |
| Days sales outstanding | 55.64 | 73.77 | 64.57 | 67.72 | 59.47 | |
| Days payables outstanding | 0 | 593.27 | 421.87 | 483.87 | 376.77 | |
| Days of inventory on hand | 0 | 0 | 0 | 0 | 0 | |
| Receivables turnover | 6.56 | 4.95 | 5.65 | 5.39 | 6.14 | |
| Payables turnover | 0 | 0.62 | 0.87 | 0.75 | 0.97 | |
| Inventory turnover | 0 | 0 | 0 | 0 | 0 | |
| ROE | 0 | 0 | 0 | 17.53 | 54.2 | |
| Capex per share | -0.05 | -0.01 | -0.01 | -0.03 | -0.02 |
Quarterly Fundamentals Overview
Last date of statement is 2023-03-31 for Q1
| Metric | History | 2022-03-31 | 2022-06-30 | 2022-09-30 | 2022-12-31 | 2023-03-31 |
|---|---|---|---|---|---|---|
| Revenue per share | 0.82 | 0.85 | 0.86 | 0.9 | 0.89 | |
| Net income per share | 0.45 | 0.45 | 0.44 | 0.41 | 0.43 | |
| Operating cash flow per share | 0.38 | 0.53 | 0.43 | 0.64 | 0.38 | |
| Free cash flow per share | 0.38 | 0.52 | 0.43 | 0.63 | 0.38 | |
| Cash per share | 0.65 | 0.71 | 0.68 | 0.87 | 0.78 | |
| Book value per share | 0 | 0.1 | 0.08 | 0.03 | 0 | |
| Tangible book value per share | -0.36 | -0.36 | -0.38 | -0.42 | -0.46 | |
| Share holders equity per share | 0 | 0.1 | 0.08 | 0.03 | 0 | |
| Interest debt per share | 4.35 | 4.37 | 4.24 | 4.68 | 5.23 | |
| Market cap | 328.63M | 282.67M | 283.38M | 301.03M | 294.98M | |
| Enterprise value | 413.47M | 366.09M | 364.61M | 387.74M | 396.67M | |
| P/E ratio | 7.94 | 6.72 | 6.97 | 7.83 | 7.44 | |
| Price to sales ratio | 17.21 | 14.38 | 14.12 | 14.37 | 14.2 | |
| POCF ratio | 36.82 | 23.04 | 28.29 | 20.4 | 33.28 | |
| PFCF ratio | 37.39 | 23.36 | 28.66 | 20.47 | 33.73 | |
| P/B Ratio | 0 | 122.11 | 151.7 | 401.38 | -4.1K | |
| PTB ratio | 0 | 122.11 | 151.7 | 401.38 | -4.1K | |
| EV to sales | 21.65 | 18.63 | 18.17 | 18.51 | 19.09 | |
| Enterprise value over EBITDA | 33.48 | 29.13 | 28.42 | 34.67 | 32.27 | |
| EV to operating cash flow | 46.33 | 29.84 | 36.4 | 26.27 | 44.76 | |
| EV to free cash flow | 47.04 | 30.26 | 36.87 | 26.37 | 45.35 | |
| Earnings yield | 0.03 | 0.04 | 0.04 | 0.03 | 0.03 | |
| Free cash flow yield | 0.03 | 0.04 | 0.03 | 0.05 | 0.03 | |
| Debt to equity | 0 | 49.2 | 58.92 | 160.9 | -1.91K | |
| Debt to assets | 0.98 | 0.98 | 0.98 | 0.99 | 1 | |
| Net debt to EBITDA | 6.87 | 6.64 | 6.33 | 7.75 | 8.27 | |
| Current ratio | 1.41 | 1.42 | 1.49 | 1.35 | 1.2 | |
| Interest coverage | 9.24 | 8.49 | 7.68 | 6.27 | 6.48 | |
| Income quality | 0.86 | 1.17 | 0.99 | 1.53 | 0.89 | |
| Dividend Yield | 0.03 | 0.04 | 0.04 | 0.04 | 0.04 | |
| Payout ratio | 1.01 | 1 | 1.05 | 1.12 | 1.09 | |
| Sales general and administrative to revenue | 0.06 | 0.05 | 0.05 | 0.07 | 0.06 | |
| Research and developement to revenue | 0 | 0 | 0 | 0 | 0 | |
| Intangibles to total assets | 0.09 | 0.09 | 0.09 | 0.09 | 0.08 | |
| Capex to operating cash flow | -0.02 | -0.01 | -0.01 | 0 | -0.01 | |
| Capex to revenue | -0.01 | -0.01 | -0.01 | 0 | -0.01 | |
| Capex to depreciation | -0.15 | -0.21 | -0.11 | -0.05 | -0.14 | |
| Stock based compensation to revenue | 0 | 0 | 0 | 0 | 0 | |
| Graham number | 0 | 1.01 | 0.89 | 0.55 | 0.17 | |
| ROIC | 0.14 | 0.15 | 0.15 | 0.15 | 0.12 | |
| Return on tangible assets | 0.1 | 0.1 | 0.1 | 0.09 | 0.08 | |
| Graham Net | -3.67 | -3.66 | -3.51 | -3.91 | -4.54 | |
| Working capital | 9.51M | 10.18M | 11.07M | 8.9M | 6.2M | |
| Tangible asset value | -8.32M | -8.28M | -8.73M | -9.85M | -10.67M | |
| Net current asset value | -80.33M | -79.68M | -76.17M | -86.1M | -99.93M | |
| Invested capital | 0 | 43.17 | 51.91 | 142.5 | -1.66K | |
| Average receivables | 15.8M | 16.76M | 16.7M | 14.96M | 16M | |
| Average payables | 5.14M | 5.94M | 5.65M | 4.49M | 5.96M | |
| Average inventory | 0 | 0 | 0 | 0 | 0 | |
| Days sales outstanding | 80.29 | 75.44 | 75.91 | 55.84 | 82.36 | |
| Days payables outstanding | 534.69 | 716.17 | 358.27 | 322.79 | 849.26 | |
| Days of inventory on hand | 0 | 0 | 0 | 0 | 0 | |
| Receivables turnover | 1.12 | 1.19 | 1.19 | 1.61 | 1.09 | |
| Payables turnover | 0.17 | 0.13 | 0.25 | 0.28 | 0.11 | |
| Inventory turnover | 0 | 0 | 0 | 0 | 0 | |
| ROE | 0 | 4.54 | 5.44 | 12.82 | -137.67 | |
| Capex per share | -0.01 | -0.01 | -0.01 | 0 | -0.01 |
GPP Frequently Asked Questions
What is Green Plains Partners LP stock symbol ?
Green Plains Partners LP is a US stock , located in Omaha of Ne and trading under the symbol GPP
What is Green Plains Partners LP stock quote today ?
Green Plains Partners LP stock price is $12.7353 today.
Is Green Plains Partners LP stock public?
Yes, Green Plains Partners LP is a publicly traded company.
Company Profile
- Volume Average 67.51K
- Market Capitalization 295.06M
- CEO Mr. Todd A. Becker
- Headquarters Omaha,NE,US
- IPO Date 2015-06-26
-
Website
https://www.greenplainspartners.com 
Green Plains Partners LP provides fuel storage and transportation services in the United States. It acquires, owns, develops, and operates ethanol and fuel storage facilities, terminals, transportation assets, and other related assets and businesses. The company owns or leases 29 ethanol storage facilities and approximately 43 acres of land; and 4 fuel terminals in Alabama, Louisiana, Mississippi, and Oklahoma. It also owns and operates a fleet of 19 trucks and tankers for transportation of ethanol and other products. The company was incorporated in 2015 and is headquartered in Omaha, Nebraska.
