Green Plains Partners: 2Q Earnings Snapshot
OMAHA, Neb. (AP) _ Green Plains Partners LP (GPP) on Wednesday reported second-quarter profit of $13.7 million.
On a per-share basis, the Omaha, Nebraska-based company said it had profit of 42 cents.
The results did not meet Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 45 cents per share.
The ethanol and fuel storage company posted revenue of $25.8 million in the period, also missing Street forecasts. Four analysts surveyed by Zacks expected $27.2 million.
Green Plains Partners shares have dropped 12 percent since the beginning of the year. The stock has fallen 21 percent in the last 12 months.