Green Plains Partners LP Up 5.12% To $15.19 After Earnings

Green Plains Partners LP (GPP) said before open Tuesday that it earned $0.4 per share in quarter three 2023. The company reported $20.1 million in revenue

In the same quarter a year ago, the company earned $0.43 per share on revenue of $20.1 million.

The stock is up 5.12% to $15.19 after the report.

Despite revenues increasing, earnings decreased, signaling a decline in profit margins.

Wall Street Analysts had an average rating of Hold on the stock prior to the report.

InvestorsObserver gives the stock a Bullish Sentiment score at the moment based on recent trading.

Green Plains Partners LP has been a strong performer over the past few months, garnering a high Long-Term Technical Rank by InvestorsObserver of 94, putting Green Plains Partners LP in the top 25% of stocks. The firm was recently trading at a 52-week high of $16.25 on September 18, 2023 and set a 52-week low on May 31, 2023 at $11.72.

Green Plains Partners LP is operational in the United States energy sector. Through its subsidiary, it was formed to assist its parent company in the business of fuel, especially ethanol storage and transportation. The company acquires ethanol storage tanks, terminals, transportation, and other related assets essential for its activities. Its Partners generate a substantial portion of its revenues under fee-based commercial agreements for receiving, storing, transferring, and transporting ethanol and other fuels.