Green Plains Renewable Energy INC. (GPRE)

[Slashnuts]

GPRE Beats Estimates/Reports Record Oil Yield

GERS' #1 Customer Reports Record Oil Yield .66 Pounds Per Bushel!$!$!

Q3's corn oil revenue of $14,530,000 was down slightly from the $15,463,000 reported in Q2. A modest decline of 6% or $933K.

Revenues in the corn oil production segment increased by $13.2 million for the nine months ended September 30, 2012 compared to the same period in 2011.

While oil volumes did slip 1.4 million pounds, this will be more than made up for by the increase from GERS' 2nd largest customer, ANDE. Greenshift's revenue and EPS will increase to a new record in Q312.

Despite a 6.4% or 11,000,000 gallon reduction in ethanol production, corn oil production decreased by only 3.6% or 175,000 gallons, from Q2 to Q3.

GPRE extracted 37.2 million pounds compared to 32.7 in last year's Q3.

In the first 9 months of 2012, oil revenues jumped to $43 million compared to $28.8 million in the first 9 months of 2011.

Oil yields per bushel surged 32% from .5 pounds in Q311 to a record .66 pounds in Q312 and up from the previous quarter.

Corn oil volumes climbed 4.5 million pounds YOY in Q3. That's an increase of 13.8% even though ethanol production contracted.

In the first 9 months of 2012, pounds of oil extracted surged nearly 70% compared to the first 9 months of 2011.

"Revenues in the corn oil production segment increased by $13.2 million for the nine months ended September 30, 2012 compared to the same period in 2011. During the nine months ended September 30, 2012, we sold 109.2 million pounds of corn oil compared to 64.3 million pounds in the same period of 2011."

"Gross profit and operating income in the corn oil production segment increased by $7.1 million and $7.0 million, respectively, for the nine months ended September 30, 2012 compared to the same period in 2011. The increases are primarily attributable to the increase in production volumes discussed above."

GPRE Q312 Report...
http://sec.gov/Archives/edgar/data/1309402/000130940212000050/gpre-20120930x10q.htm

I'm very pleased with the financial performance of GERS' #1 customer in Q312.

2012 was one of the worst droughts in more than 50 years. GPRE beat on both EPS estimates as well as revenues. Many analysts predicted GPRE would lose $.30 per share, they only lost $.03. Revenues were much higher than the estimates of $852, they generated $947.4.

Good Luck To All!$!$!$!$!$!$