Operating income before depreciation in the fourth quarter was $0.18 per gallon, which was $0.01 gallon improvement over the third quarter. The high basis levels for corn we experienced in the third quarter continued into the fourth and we are and are still impacting margins in the current quarter. As you know, we started to lock the fourth quarter margins away late in 2010 almost a year ahead of time. While the industry experienced a peak margin environment during the quarter margins also were very volatile especially when the inverse broke in December.Read the rest of this transcript for free on seekingalpha.com
Green Plains' CEO Discusses Q4 2011 Results - Earnings Call Transcript
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts
Every recommendation goes through 3 layers of intense scrutinyquantitative, fundamental and technical analysisto maximize profit potential and minimize risk.
Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.