Green Plains (GPRE) 10-Q2 Aug 222022 Q2 Quarterly reportFinancial data

Company Profile

Cover Page

Cover Page - shares	6 Months Ended
Cover Page - shares	Jun. 30, 2022	Jul. 28, 2022
Cover [Abstract]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Jun. 30, 2022
Document Transition Report	false
Entity File Number	001-32924
Entity Registrant Name	GREEN PLAINS INC.
Entity Incorporation, State or Country Code	IA
Entity Tax Identification Number	84-1652107
Entity Address, Address Line One	1811 Aksarben Drive
Entity Address, City or Town	Omaha
Entity Address, State or Province	NE
Entity Address, Postal Zip Code	68106
City Area Code	402
Local Phone Number	884-8700
Title of 12(b) Security	Common Stock, par value $0.001 per share
Trading Symbol	GPRE
Security Exchange Name	NASDAQ
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		58,092,288
Entity Central Index Key	0001309402
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2022
Document Fiscal Period Focus	Q2
Amendment Flag	false

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021
Current assets
Cash and cash equivalents	$ 508,151	$ 426,220
Restricted cash	71,128	134,739
Marketable securities	24,966	124,859
Accounts receivable, net of allowances of $204 and $682, respectively	158,363	119,961
Income taxes receivable	1,067	911
Inventories	315,040	267,838
Prepaid expenses and other	20,634	16,483
Derivative financial instruments	60,347	26,738
Total current assets	1,159,696	1,117,749
Property and equipment, net of accumulated depreciation ‎and amortization of $602,752 and $567,027, respectively	980,917	893,517
Operating lease right-of-use assets	66,681	64,042
Other assets	88,714	84,447
Total assets	2,296,008	2,159,755
Current liabilities
Accounts payable	127,163	146,063
Accrued and other liabilities	45,115	56,980
Derivative financial instruments	49,959	43,244
Operating lease current liabilities	17,768	16,814
Short-term notes payable and other borrowings	308,405	173,418
Current maturities of long-term debt	99,164	35,285
Total current liabilities	647,574	471,804
Long-term debt	495,027	514,006
Operating lease long-term liabilities	51,996	49,795
Other liabilities	19,682	22,131
Total liabilities	1,214,279	1,057,736
Commitments and contingencies (Note 13)
Stockholders' equity
Common stock, $0.001 par value; 150,000,000 shares authorized; ‎62,086,595 and 61,840,434 shares issued, and 53,842,139 ‎and 53,595,978 shares outstanding, respectively	62	62
Additional paid-in capital	1,069,921	1,069,573
Retained deficit	(30,275)	(15,199)
Accumulated other comprehensive loss	(16,909)	(12,310)
Treasury stock, 8,244,456 shares	(91,626)	(91,626)
Total Green Plains stockholders' equity	931,173	950,500
Noncontrolling interests	150,556	151,519
Total stockholders' equity	1,081,729	1,102,019
Total liabilities and stockholders' equity	$ 2,296,008	$ 2,159,755

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021
Statement of Financial Position [Abstract]
Accounts receivable, allowances	$ 204	$ 682
Property and equipment, accumulated depreciation and amortization	$ 602,752	$ 567,027
Common stock, par value (in dollars per share)	$ 0.001	$ 0.001
Common stock, authorized (in shares)	150,000,000	150,000,000
Common stock, issued (in shares)	62,086,595	61,840,434
Common stock, outstanding (in shares)	53,842,139	53,595,978
Treasury stock (in shares)	8,244,456	8,244,456

Consolidated Statements of Oper

Consolidated Statements of Operations - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Revenues
Revenues	$ 1,012,394	$ 724,418	$ 1,793,829	$ 1,278,058
Costs and expenses
Cost of goods sold (excluding depreciation and amortization expenses reflected below)	921,314	639,408	1,693,823	1,148,641
Operations and maintenance expenses	6,159	6,237	11,725	11,991
Selling, general and administrative expenses	30,113	23,383	60,976	46,901
Loss (gain) on sale of assets, net	0	3,825	0	(33,068)
Depreciation and amortization expenses	20,967	20,532	41,366	41,213
Total costs and expenses	978,553	693,385	1,807,890	1,215,678
Operating income (loss)	33,841	31,033	(14,061)	62,380
Other income (expense)
Interest income	806	441	877	471
Interest expense	(7,800)	(19,058)	(16,606)	(50,737)
Other, net	28,165	(1,250)	28,576	(1,240)
Total other income (expense)	21,171	(19,867)	12,847	(51,506)
Income (loss) before income taxes and income (loss) from equity method investees	55,012	11,166	(1,214)	10,874
Income tax benefit (expense)	(2,895)	4,783	(1,742)	2,921
Income (loss) from equity method investees	603	168	(196)	343
Net income (loss)	52,720	16,117	(3,152)	14,138
Net income attributable to noncontrolling interests	6,322	6,374	11,924	10,940
Net income (loss) attributable to Green Plains	$ 46,398	$ 9,743	$ (15,076)	$ 3,198
Earnings per share:
Net income (loss) attributable to Green Plains - basic (in dollars per share)	$ 0.87	$ 0.21	$ (0.28)	$ 0.08
Net income (loss) attributable to Green Plains - diluted (in dollars per share)	$ 0.73	$ 0.20	$ (0.28)	$ 0.07
Weighted average shares outstanding:
Basic (in shares)	53,033	45,425	52,960	41,581
Diluted (in shares)	66,895	58,171	52,960	42,675
Product
Revenues
Revenues	$ 1,009,935	$ 721,786	$ 1,786,625	$ 1,273,766
Service
Revenues
Revenues	$ 2,459	$ 2,632	$ 7,204	$ 4,292

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income (Loss) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Statement of Comprehensive Income [Abstract]
Net income (loss)	$ 52,720	$ 16,117	$ (3,152)	$ 14,138
Other comprehensive income (loss), net of tax:
Unrealized gains (losses) on derivatives arising during the period, net of tax benefit (expense) of $3,579, ($1,616), $1,658 and ($89), respectively	(10,535)	5,131	(5,149)	282
Reclassification of realized losses on derivatives, net of tax benefit of ($878), ($1,246), ($177) and ($812), respectively	2,515	3,961	550	2,584
Other comprehensive income (loss), net of tax	(8,020)	9,092	(4,599)	2,866
Comprehensive income (loss)	44,700	25,209	(7,751)	17,004
Comprehensive income attributable to noncontrolling interests	6,322	6,374	11,924	10,940
Comprehensive income (loss) attributable to Green Plains	$ 38,378	$ 18,835	$ (19,675)	$ 6,064

Consolidated Statements of Co_2

Consolidated Statements of Comprehensive Income (Loss) (Parenthetical) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Statement of Comprehensive Income [Abstract]
Tax (expense) benefit on unrealized gains (losses) on derivatives arising during the period	$ 3,579	$ (1,616)	$ 1,658	$ (89)
Tax (expense) benefit on reclassification of realized losses (gains) on derivatives	$ (878)	$ (1,246)	$ (177)	$ (812)

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021
Cash flows from operating activities:
Net income (loss)	$ (3,152)	$ 14,138
Adjustments to reconcile net income (loss) to net cash used in operating activities:
Depreciation and amortization	41,366	41,213
Amortization of debt issuance costs and debt discount	2,450	4,879
Gain on sale of assets, net	0	(31,757)
Loss on extinguishment of debt	0	31,636
Deferred income taxes	1,482	(2,900)
Stock-based compensation	4,257	1,967
Loss (income) from equity method investees	196	(343)
Other	1,128	(217)
Changes in operating assets and liabilities before effects of business combinations and dispositions:
Accounts receivable	(41,162)	(22,022)
Inventories	(47,202)	(15,910)
Derivative financial instruments	(33,020)	(14,331)
Prepaid expenses and other assets	(4,151)	(545)
Accounts payable and accrued liabilities	(25,463)	(39,183)
Current income taxes	(45)	(428)
Other	(3,325)	3,591
Net cash used in operating activities	(106,641)	(30,212)
Cash flows from investing activities:
Purchases of property and equipment, net	(128,283)	(59,899)
Proceeds from the sale of assets	0	73,846
Proceeds from the sale of marketable securities	99,917	0
Other investing activities	(6,976)	(4,000)
Net cash used in investing activities	(35,342)	9,947
Cash flows from financing activities:
Proceeds from the issuance of long-term debt	45,000	355,000
Payments of principal on long-term debt	(1,204)	(135,858)
Proceeds from short-term borrowings	1,406,520	1,682,698
Payments on short-term borrowings	(1,271,026)	(1,698,731)
Payments on extinguishment of convertible debt	0	(20,861)
Payments of cash distributions	(11,251)	(2,790)
Proceeds from issuance of common stock, net	0	191,134
Payments of loan fees	(2,522)	(8,614)
Payments related to tax withholdings for stock-based compensation	(3,790)	(4,480)
Other financing activities	(1,424)	3,330
Net cash provided by financing activities	160,303	360,828
Net change in cash, cash equivalents and restricted cash	18,320	340,563
Cash, cash equivalents and restricted cash, beginning of period	560,959	274,810
Cash, cash equivalents and restricted cash, end of period	579,279	615,373
Reconciliation of total cash, cash equivalents and restricted cash:
Cash and cash equivalents	508,151	496,932
Restricted cash	71,128	118,441
Total cash, cash equivalents and restricted cash	579,279	615,373
Non-cash financing activities:
Exchange of 4.00% convertible notes due 2024	0	51,000
Exchange of common stock held in treasury stock for 4.00% convertible notes due 2024	0	39,661
Supplemental investing activities:
Assets disposed of in sale	0	40,361
Less: liabilities relinquished	0	(156)
Net assets disposed	0	40,205
Supplemental disclosures of cash flow:
Cash paid for income taxes, net	305	576
Cash paid for interest	14,803	16,675
Capital expenditures in accounts payable	6,707	19,110
Cash premium paid for extinguishment of convertible notes	$ 0	$ 20,861

Consolidated Statements of Ca_2

Consolidated Statements of Cash Flows (Parenthetical)	Jun. 30, 2022	Jun. 30, 2021	May 31, 2021	May 18, 2021	Jun. 30, 2019	May 31, 2019
4.00% Convertible Notes Due 2024 \| Convertible Notes \| Corporate Activities
Interest rate, stated percentage	4%	4%	4%	4%	4%	4%

Basis of Presentation, Descript

Basis of Presentation, Description of Business and Summary of Significant Accounting Policies	6 Months Ended
	Jun. 30, 2022
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Basis of Presentation, Description of Business and Summary of Significant Accounting Policies	BASIS OF PRESENTATION, DESCRIPTION OF BUSINESS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES References to the Company References to “Green Plains” or the “company” in the consolidated financial statements and in these notes to the consolidated financial statements refer to Green Plains Inc., an Iowa corporation, and its subsidiaries. Consolidated Financial Statements The consolidated financial statements include the company’s accounts and all significant intercompany balances and transactions are eliminated. Unconsolidated entities are included in the financial statements on an equity basis. As of June 30, 2022, the company owns a 48.9% limited partner interest and a 2.0% general partner interest in Green Plains Partners LP. Public investors own the remaining 49.1% limited partner interest in the partnership. The company determined that the limited partners in the partnership with equity at risk lack the power, through voting rights or similar rights, to direct the activities that most significantly impact the partnership’s economic performance; therefore, the partnership is considered a variable interest entity. The company, through its ownership of the general partner interest in the partnership, has the power to direct the activities that most significantly affect economic performance and is obligated to absorb losses and has the right to receive benefits that could be significant to the partnership. Therefore, the company is considered the primary beneficiary and consolidates the partnership in the company’s financial statements. The assets of the partnership cannot be used by the company for general corporate purposes. The partnership’s consolidated total assets as of June 30, 2022 and December 31, 2021, excluding intercompany balances, are $100.1 million and $100.3 million, respectively, and primarily consist of property and equipment, operating lease right-of-use assets and goodwill. The partnership’s consolidated total liabilities as of June 30, 2022 and December 31, 2021, excluding intercompany balances, are $113.4 million and $111.4 million, respectively, which primarily consist of long-term debt as discussed in Note 8 – Debt and operating lease liabilities. The liabilities recognized as a result of consolidating the partnership do not represent additional claims on the company’s general assets. The company also owns a majority interest in FQT, with their results being consolidated in our consolidated financial statements. The accompanying unaudited consolidated financial statements are prepared in accordance with GAAP for interim financial information and the instructions to Form 10-Q and Article 10 of Regulation S-X. Because they do not include all of the information and notes required by GAAP, the consolidated financial statements should be read in conjunction with the company’s annual report on Form 10-K for the year ended December 31, 2021, filed with the SEC on February 18, 2022. The unaudited financial information reflects adjustments, which are, in the opinion of management, necessary for a fair presentation of results of operations, financial position and cash flows for the periods presented. The adjustments are normal and recurring in nature, unless otherwise noted. Interim period results are not necessarily indicative of the results to be expected for the entire year. Use of Estimates in the Preparation of Consolidated Financial Statements The preparation of consolidated financial statements in conformity with GAAP requires management to make certain estimates and assumptions that affect the reported amounts of assets and liabilities, disclosure of contingent assets and liabilities at the date of the consolidated financial statements, and the reported amounts of revenues and expenses during the reporting period. The company bases its estimates on historical experience and assumptions it believes are proper and reasonable under the circumstances and regularly evaluates the appropriateness of its estimates and assumptions. Actual results could differ from those estimates. Key accounting policies, including but not limited to those relating to revenue recognition, carrying value of intangible assets, operating leases, impairment of long-lived assets and goodwill, derivative financial instruments, accounting for income taxes and assets acquired and liabilities assumed in acquisitions, are impacted significantly by judgments, assumptions and estimates used in the preparation of the consolidated financial statements. Description of Business The company operates within three operating segments: (1) ethanol production, which includes the production of ethanol, including industrial-grade alcohol, distillers grains, Ultra-High Protein and corn oil, (2) agribusiness and energy services, which includes grain handling and storage, commodity marketing and merchant trading for company-produced and third-party ethanol, distillers grains, corn oil, natural gas and other commodities and (3) partnership, which includes fuel storage and transportation services. Cash and Cash Equivalents Cash and cash equivalents includes bank deposits as well as short-term, highly liquid investments with original maturities of three months or less. Restricted Cash The company has restricted cash, which can only be used for funding letters of credit, for payment towards a credit agreement, or for capital expenditures as specified in certain credit facility agreements. Restricted cash also includes cash margins and securities pledged to commodity exchange clearinghouses and at times, funds in escrow related to acquisition and disposition activities. To the degree these segregated balances are cash and cash equivalents, they are considered restricted cash on the consolidated balance sheets. Marketable Securities Marketable securities include highly liquid, fixed maturity investments with original maturities ranging from three to twelve months and are carried at amortized cost, reflecting the ability and intent to hold the securities to maturity. Revenue Recognition The company recognizes revenue when obligations under the terms of a contract with a customer are satisfied. Generally this occurs with the transfer of control of products or services. Revenue is measured as the amount of consideration expected to be received in exchange for transferring goods or providing services. Sales, value add, and other taxes the company collects concurrent with revenue-producing activities are excluded from revenue. Sales of ethanol, distillers grains, corn oil, natural gas and other commodities by the company’s marketing business are recognized when obligations under the terms of a contract with a customer are satisfied. Generally, this occurs with the transfer of control of products or services. Revenues related to marketing for third parties are presented on a gross basis as the company controls the product prior to the sale to the end customer, takes title of the product and has inventory risk. Unearned revenue is recorded for goods in transit when the company has received payment but control has not yet been transferred to the customer. Revenues for receiving, storing, transferring and transporting ethanol and other fuels are recognized when the product is delivered to the customer. The company routinely enters into physical-delivery energy commodity purchase and sale agreements. At times, the company settles these transactions by transferring its obligations to other counterparties rather than delivering the physical commodity. Energy trading transactions are reported net as a component of revenue. Revenues include net gains or losses from derivatives related to products sold while cost of goods sold includes net gains or losses from derivatives related to commodities purchased. Revenues also include realized gains and losses on related derivative financial instruments and reclassifications of realized gains and losses on cash flow hedges from accumulated other comprehensive income or loss. Sales of products, including agricultural commodities, are recognized when control of the product is transferred to the customer, which depends on the agreed upon shipment or delivery terms. Revenues related to grain merchandising are presented gross and include shipping and handling, which is also a component of cost of goods sold. Revenues from grain storage are recognized over time as the services are rendered. A substantial portion of the partnership revenues are derived from fixed-fee commercial agreements for storage, terminal or transportation services. The partnership recognizes revenue upon transfer of control of product from its storage tanks and fuel terminals, when railcar volumetric capacity is provided, and as truck transportation services are performed. To the extent shortfalls associated with minimum volume commitments in the previous four quarters continue to exist, volumes in excess of the minimum volume commitment are applied to those shortfalls. Remaining excess volumes generating operating lease revenue are recognized as incurred. Shipping and Handling Costs The company accounts for shipping and handling activities related to contracts with customers as costs to fulfill its promise to transfer the associated products. Accordingly, the company records customer payments associated with shipping and handling costs as a component of revenue, and classifies such costs as a component of cost of goods sold. Cost of Goods Sold Cost of goods sold includes direct labor, materials, shipping and plant overhead costs. Direct labor includes all compensation and related benefits of non-management personnel involved in ethanol production. Grain purchasing and receiving costs, excluding labor costs for grain buyers and scale operators, are also included in cost of goods sold. Materials include the cost of corn feedstock, denaturant, and process chemicals. Corn feedstock costs include gains and losses on related derivative financial instruments not designated as cash flow hedges, inbound freight charges, inspection costs and transfer costs, as well as reclassifications of gains and losses on cash flow hedges from accumulated other comprehensive income or loss. Plant overhead consists primarily of plant utilities, repairs and maintenance and outbound freight charges. Shipping costs incurred by the company, including railcar costs, are also reflected in cost of goods sold. The company uses exchange-traded futures and options contracts and forward purchase and sale contracts to attempt to minimize the effect of price changes on ethanol, grain and natural gas. Exchange-traded futures and options contracts are valued at quoted market prices and settled predominantly in cash. The company is exposed to loss when counterparties default on forward purchase and sale contracts. Forward purchase and sale contracts are valued at market prices when available or other market quotes adjusted for basis differences, primarily in transportation, between the exchange-traded market and local market where the terms of the contract is based. Changes in forward purchase contracts and exchange-traded futures and options contracts are recognized as a component of cost of goods sold. Operations and Maintenance Expenses In the partnership segment, transportation expenses represent the primary component of operations and maintenance expenses. Transportation expenses include railcar leases, freight and shipping of the company’s ethanol and co-products, as well as costs incurred storing ethanol at destination terminals. Derivative Financial Instruments The company uses various derivative financial instruments, including exchange-traded futures and exchange-traded and over-the-counter options contracts, to attempt to minimize risk and the effect of commodity price changes including but not limited to, corn, ethanol, natural gas and other agricultural and energy products. The company monitors and manages this exposure as part of its overall risk management policy to reduce the adverse effect market volatility may have on its operating results. The company may hedge these commodities as one way to mitigate risk; however, there may be situations when these hedging activities themselves result in losses. By using derivatives to hedge exposures to changes in commodity prices, the company is exposed to credit and market risk. The company’s exposure to credit risk includes the counterparty’s failure to fulfill its performance obligations under the terms of the derivative contract. The company minimizes its credit risk by entering into transactions with high quality counterparties, limiting the amount of financial exposure it has with each counterparty and monitoring their financial condition. Market risk is the risk that the value of the financial instrument might be adversely affected by a change in commodity prices or interest rates. The company manages market risk by incorporating parameters to monitor exposure within its risk management strategy, which limits the types of derivative instruments and strategies the company can use and the degree of market risk it can take using derivative instruments. The company evaluates its physical delivery contracts to determine if they qualify for normal purchase or sale exemptions which are expected to be used or sold over a reasonable period in the normal course of business. Contracts that do not meet the normal purchase or sale criteria are recorded at fair value. Changes in fair value are recorded in operating income unless the contracts qualify for, and the company elects, cash flow hedge accounting treatment. Certain qualifying derivatives related to ethanol production and agribusiness and energy services are designated as cash flow hedges. The company evaluates the derivative instrument to ascertain its effectiveness prior to entering into cash flow hedges. Unrealized gains and losses are reflected in accumulated other comprehensive income or loss until the gain or loss from the underlying hedged transaction is realized and the physical transaction is completed. When it becomes probable a forecasted transaction will not occur, the cash flow hedge treatment is discontinued, which affects earnings. These derivative financial instruments are recognized in current assets or current liabilities at fair value.

Revenue

Revenue	6 Months Ended
Revenue	Jun. 30, 2022
Revenue from Contract with Customer [Abstract]
Revenue	REVENUE Revenue by Source The following tables disaggregate revenue by major source (in thousands): Three Months Ended June 30, 2022 Ethanol Production Agribusiness & Energy Partnership Eliminations Total Revenues: Revenues from contracts with customers under ASC 606: Ethanol $ — $ — $ — $ — $ — Distillers grains 9,401 — — — 9,401 Corn oil — — — — — Service revenues 1,547 — 912 — 2,459 Other 5,729 1,661 — — 7,390 Intersegment revenues — 234 2,053 (2,287) — Total revenues from contracts with customers 16,677 1,895 2,965 (2,287) 19,250 Revenues from contracts accounted for as derivatives under ASC 815 (1) : Ethanol 644,641 138,032 — — 782,673 Distillers grains 143,435 8,173 — — 151,608 Corn oil 51,956 1,551 — — 53,507 Other 4,457 899 — — 5,356 Intersegment revenues — 7,009 — (7,009) — Total revenues from contracts accounted for as derivatives 844,489 155,664 — (7,009) 993,144 Leasing revenues under ASC 842 (2) : — — 16,689 (16,689) — Total Revenues $ 861,166 $ 157,559 $ 19,654 $ (25,985) $ 1,012,394 Six Months Ended June 30, 2022 Ethanol Production Agribusiness & Energy Partnership Eliminations Total Revenues: Revenues from contracts with customers under ASC 606: Ethanol $ — $ — $ — $ — $ — Distillers grains 16,763 — — — 16,763 Corn oil — — — — — Service revenues 5,287 — 1,917 — 7,204 Other 15,350 2,949 — — 18,299 Intersegment revenues — 234 3,938 (4,172) — Total revenues from contracts with customers 37,400 3,183 5,855 (4,172) 42,266 Revenues from contracts accounted for as derivatives under ASC 815 (1) : Ethanol 1,116,563 233,692 — — 1,350,255 Distillers grains 241,947 23,299 — — 265,246 Corn oil 92,845 3,957 — — 96,802 Other 9,964 29,296 — — 39,260 Intersegment revenues — 12,844 — (12,844) — Total revenues from contracts accounted for as derivatives 1,461,319 303,088 — (12,844) 1,751,563 Leasing revenues under ASC 842 (2) : — — 32,899 (32,899) — Total Revenues $ 1,498,719 $ 306,271 $ 38,754 $ (49,915) $ 1,793,829 Three Months Ended June 30, 2021 Ethanol Production Agribusiness & Energy Partnership Eliminations Total Revenues: Revenues from contracts with customers under ASC 606: Ethanol $ — $ — $ — $ — $ — Distillers grains 4,425 — — — 4,425 Corn oil — — — — — Service revenues 1,462 — 1,159 — 2,621 Other 12,367 2,217 — — 14,584 Intersegment revenues — — 2,172 (2,172) — Total revenues from contracts with customers 18,254 2,217 3,331 (2,172) 21,630 Revenues from contracts accounted for as derivatives under ASC 815 (1) : Ethanol 413,592 138,931 — — 552,523 Distillers grains 95,465 9,015 — — 104,480 Corn oil 25,349 7,775 — — 33,124 Grain — 10,798 — — 10,798 Other 2,613 (761) — — 1,852 Intersegment revenues — 5,512 — (5,512) — Total revenues from contracts accounted for as derivatives 537,019 171,270 — (5,512) 702,777 Leasing revenues under ASC 842 (2) : — — 16,370 (16,359) 11 Total Revenues $ 555,273 $ 173,487 $ 19,701 $ (24,043) $ 724,418 Six Months Ended June 30, 2021 Ethanol Production Agribusiness & Energy Partnership Eliminations Total Revenues: Revenues from contracts with customers under ASC 606: Ethanol $ — $ — $ — $ — $ — Distillers grains 8,038 — — — 8,038 Corn oil — — — — — Service revenues 2,025 — 2,216 — 4,241 Other 16,429 3,043 — — 19,472 Intersegment revenues — — 4,178 (4,178) — Total revenues from contracts with customers 26,492 3,043 6,394 (4,178) 31,751 Revenues from contracts accounted for as derivatives under ASC 815 (1) : Ethanol 703,177 214,843 — — 918,020 Distillers grains 191,159 18,254 — — 209,413 Corn oil 39,889 12,586 — — 52,475 Grain — 22,968 — — 22,968 Other 18,278 25,102 — — 43,380 Intersegment revenues — 10,635 — (10,635) — Total revenues from contracts accounted for as derivatives 952,503 304,388 — (10,635) 1,246,256 Leasing revenues under ASC 842 (2) : — — 33,713 (33,662) 51 Total Revenues $ 978,995 $ 307,431 $ 40,107 $ (48,475) $ 1,278,058 (1) Revenues from contracts accounted for as derivatives represent physically settled derivative sales that are outside the scope of ASC 606. (2) Leasing revenues do not represent revenues recognized from contracts with customers under ASC 606, and are accounted for under ASC 842, Leases . Major Customers Revenues from Customer A represented 14% and 12% of total revenues for the three and six months ended June 30, 2022, respectively, and revenues from Customer B represented 12% and 10% of total revenues for the three and six months ended June 30, 2022, respectively, recorded within the ethanol production segment. No single customer’s revenue was over 10% of total revenues for the three and six months ended June 30, 2021.

Disposition

Disposition	6 Months Ended
Disposition	Jun. 30, 2022
Discontinued Operations and Disposal Groups [Abstract]
Disposition	DISPOSITION Disposition of Ord Ethanol Plant On March 22, 2021, the company completed the sale of the plant located in Ord, Nebraska and certain related assets, to GreenAmerica Biofuels Ord LLC (the “Ord Transaction”) for a sale price of $64.0 million, plus working capital of $9.8 million. Correspondingly, the company entered into a separate asset purchase agreement with the Partnership to acquire the storage assets and assign the rail transportation assets to be disposed of in the Ord Transaction for $27.5 million, which was used to pay down a portion of the partnership’s credit facility. The divested assets were reported within the company’s ethanol production, agribusiness and energy services and partnership segments. The company recorded a pretax gain on the sale of the Ord plant of $35.9 million within corporate activities during the six months ended June 30, 2021.

Fair Value Disclosures

Fair Value Disclosures	6 Months Ended
Fair Value Disclosures	Jun. 30, 2022
Fair Value Disclosures [Abstract]
Fair Value Disclosures	FAIR VALUE DISCLOSURES The following methods, assumptions and valuation techniques were used in estimating the fair value of the company’s financial instruments: Level 1 – unadjusted quoted prices in active markets for identical assets or liabilities the company can access at the measurement date. Level 2 – directly or indirectly observable inputs such as quoted prices for similar assets or liabilities in active markets other than quoted prices included within Level 1, quoted prices for identical or similar assets in markets that are not active, and other inputs that are observable or can be substantially corroborated by observable market data through correlation or other means. Grain purchase and sale contracts in the agribusiness and energy services segment are valued at nearby futures values, plus or minus nearby basis values, which represent differences in local markets, including transportation or commodity quality or grade differences. Level 3 – unobservable inputs that are supported by little or no market activity and comprise a significant component of the fair value of the assets or liabilities. The company currently does not have any recurring Level 3 financial instruments. Derivative contracts include exchange-traded commodity futures and options contracts and forward commodity purchase and sale contracts. Exchange-traded futures and options contracts are valued based on unadjusted quoted prices in active markets and are classified in Level 1. The majority of the company’s exchange-traded futures and options contracts are cash-settled on a daily basis. There have been no changes in valuation techniques and inputs used in measuring fair value. The company’s assets and liabilities by level are as follows (in thousands): Fair Value Measurements at June 30, 2022 Quoted Prices in Significant Other Total Assets: Cash and cash equivalents $ 508,151 $ — $ 508,151 Restricted cash 71,128 — 71,128 Inventories carried at market — 58,185 58,185 Derivative financial instruments - assets — 40,474 40,474 Other assets 110 54 164 Total assets measured at fair value $ 579,389 $ 98,713 $ 678,102 Liabilities: Accounts payable (1) $ — $ 8,356 $ 8,356 Accrued and other liabilities (2) — 3,021 3,021 Derivative financial instruments - liabilities — 49,959 49,959 Other liabilities (2) — 6,553 6,553 Total liabilities measured at fair value $ — $ 67,889 $ 67,889 Fair Value Measurements at December 31, 2021 Quoted Prices in Significant Other Total Assets: Cash and cash equivalents $ 426,220 $ — $ 426,220 Restricted cash 134,739 — 134,739 Inventories carried at market — 72,320 72,320 Derivative financial instruments - assets — 26,738 26,738 Other assets 111 8 119 Total assets measured at fair value $ 561,070 $ 99,066 $ 660,136 Liabilities: Accounts payable (1) $ — $ 12,617 $ 12,617 Accrued and other liabilities (2) — 3,260 3,260 Derivative financial instruments - liabilities — 26,117 26,117 Other liabilities (2) — 7,788 7,788 Total liabilities measured at fair value $ — $ 49,782 $ 49,782 (1) Accounts payable is generally stated at historical amounts with the exception of $8.4 million and $12.6 million at June 30, 2022 and December 31, 2021, respectively, related to certain delivered inventory for which the payable fluctuates based on changes in commodity prices. These payables are hybrid financial instruments for which the company has elected the fair value option. (2) As of June 30, 2022 and December 31, 2021, respectively, accrued and other liabilities includes $3.0 million and $3.3 million and other liabilities includes $6.5 million and $7.6 million of consideration related to potential earn-out payments recorded at fair value. As of June 30, 2022, the fair value of the company’s debt was approximately $984.4 million compared with a book value of $902.6 million. At December 31, 2021, the fair value of the company’s debt was approximately $891.1 million compared with a book value of $722.7 million. The company estimated the fair value of its outstanding debt using Level 2 inputs. The company believes the fair values of its marketable securities approximated book value, which was $25.0 million and $124.9 million at June 30, 2022 and December 31, 2021, respectively. The company believes the fair values of its accounts receivable approximated book value, which was $158.4 million and $120.0 million at June 30, 2022 and December 31, 2021, respectively. Although the company currently does not have any recurring Level 3 financial measurements, the fair values of tangible and intangible assets and goodwill acquired represent Level 3 measurements which were derived using a combination of the income approach, market approach and cost approach for the specific assets or liabilities being valued.

Segment Information

Segment Information	6 Months Ended
Segment Information	Jun. 30, 2022
Segment Reporting [Abstract]
Segment Information	SEGMENT INFORMATION The company reports the financial and operating performance for the following three operating segments: (1) ethanol production, which includes the production of ethanol, including industrial-grade alcohol, distillers grains, Ultra-High Protein and corn oil, (2) agribusiness and energy services, which includes grain handling and storage, commodity marketing and merchant trading for company-produced and third-party ethanol, distillers grains, corn oil, natural gas and other commodities, and (3) partnership, which includes fuel storage and transportation services. Corporate activities include selling, general and administrative expenses, consisting primarily of compensation, professional fees and overhead costs not directly related to a specific operating segment. During the normal course of business, the operating segments conduct business with each other. For example, the agribusiness and energy services segment procures grain and natural gas and sells products, including ethanol, distillers grains, Ultra-High Protein and corn oil for the ethanol production segment. The partnership segment provides fuel storage and transportation services for the ethanol production segment. These intersegment activities are treated like third-party transactions with origination, marketing and storage fees charged at estimated market values. Consequently, these transactions affect segment performance; however, they do not impact the company’s consolidated results since the revenues and corresponding costs are eliminated. The following tables set forth certain financial data for the company’s operating segments (in thousands): Three Months Ended Six Months Ended 2022 2021 2022 2021 Revenues: Ethanol production: Revenues from external customers $ 861,166 $ 555,273 $ 1,498,719 $ 978,995 Intersegment revenues — — — — Total segment revenues 861,166 555,273 1,498,719 978,995 Agribusiness and energy services: Revenues from external customers 150,316 167,975 293,193 296,796 Intersegment revenues 7,243 5,512 13,078 10,635 Total segment revenues 157,559 173,487 306,271 307,431 Partnership: Revenues from external customers 912 1,170 1,917 2,267 Intersegment revenues 18,742 18,531 36,837 37,840 Total segment revenues 19,654 19,701 38,754 40,107 Revenues including intersegment activity 1,038,379 748,461 1,843,744 1,326,533 Intersegment eliminations (25,985) (24,043) (49,915) (48,475) $ 1,012,394 $ 724,418 $ 1,793,829 $ 1,278,058 Refer to Note 2 - Revenue , for further disaggregation of revenue by operating segment. Three Months Ended Six Months Ended 2022 2021 2022 2021 Cost of goods sold: Ethanol production $ 804,821 $ 493,656 $ 1,466,381 $ 909,181 Agribusiness and energy services 143,656 170,181 278,095 286,255 Intersegment eliminations (27,163) (24,429) (50,653) (46,795) $ 921,314 $ 639,408 $ 1,693,823 $ 1,148,641 Three Months Ended Six Months Ended 2022 2021 2022 2021 Gross margin: Ethanol production $ 56,345 $ 61,617 $ 32,338 $ 69,814 Agribusiness and energy services 13,903 3,306 28,176 21,176 Partnership 19,654 19,701 38,754 40,107 Intersegment eliminations 1,178 386 738 (1,680) $ 91,080 $ 85,010 $ 100,006 $ 129,417 Three Months Ended Six Months Ended 2022 2021 2022 2021 Operating income (loss): Ethanol production $ 27,506 $ 33,543 $ (23,652) $ 13,223 Agribusiness and energy services 10,281 (851) 20,689 12,495 Partnership 12,104 11,916 23,913 24,787 Intersegment eliminations 1,178 386 738 (1,680) Corporate activities (1) (17,228) (13,961) (35,749) 13,555 $ 33,841 $ 31,033 $ (14,061) $ 62,380 (1) Corporate activities for the three and six months ended June 30, 2021 include a $3.8 million loss on sale of assets and a $33.1 million gain on sale of assets, respectively. Three Months Ended Six Months Ended 2022 2021 2022 2021 Depreciation and amortization: Ethanol production $ 19,114 $ 18,483 $ 37,546 $ 37,011 Agribusiness and energy services 470 595 934 1,202 Partnership 823 795 1,721 1,682 Corporate activities 560 659 1,165 1,318 $ 20,967 $ 20,532 $ 41,366 $ 41,213 The following table sets forth total assets by operating segment (in thousands): June 30, 2022 December 31, 2021 Total assets (1) : Ethanol production $ 1,121,570 $ 1,101,151 Agribusiness and energy services 593,413 487,164 Partnership 100,106 100,349 Corporate assets 488,944 524,206 Intersegment eliminations (8,025) (53,115) $ 2,296,008 $ 2,159,755

Inventories

Inventories	6 Months Ended
Inventories	Jun. 30, 2022
Inventory Disclosure [Abstract]
Inventories	INVENTORIES Inventories are carried at the lower of cost or net realizable value, except fair-value hedged inventories. There was no lower of cost or market inventory adjustment as of June 30, 2022 and December 31, 2021. The components of inventories are as follows (in thousands): June 30, 2022 December 31, 2021 Finished goods $ 138,806 $ 91,448 Commodities held for sale 23,715 72,320 Raw materials 90,068 50,604 Work-in-process 25,177 19,783 Supplies and parts 37,274 33,683 $ 315,040 $ 267,838

Derivative Financial Instrument

Derivative Financial Instruments	6 Months Ended
Derivative Financial Instruments	Jun. 30, 2022
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Derivative Financial Instruments	DERIVATIVE FINANCIAL INSTRUMENTS At June 30, 2022, the company’s consolidated balance sheet reflected unrealized losses of $16.9 million, net of tax, in accumulated other comprehensive loss. The company expects these items will be reclassified as operating income (loss) over the next 12 months as a result of hedged transactions that are forecasted to occur. The amount realized in operating income (loss) will differ as commodity prices change. Fair Values of Derivative Instruments The fair values of the company’s derivative financial instruments and the line items on the consolidated balance sheets where they are reported are as follows (in thousands): Asset Derivatives' Liability Derivatives' June 30, December 31, June 30, December 31, Derivative financial instruments - forwards $ 40,474 (1) $ 26,738 $ 49,959 $ 26,117 (2) Other assets 54 8 — — Other liabilities — — 71 196 Total $ 40,528 $ 26,746 $ 50,030 $ 26,313 (1) At June 30, 2022, derivative financial instruments, as reflected on the balance sheet, includes net unrealized gains on exchange traded futures and options contracts of $19.9 million, which included $11.6 million of net unrealized losses on derivative financial instruments designated as cash flow hedging instruments, $14.8 million of unrealized gains on derivative financial instruments designated as fair value hedging instruments, and the balance representing economic hedges. (2) At December 31, 2021, derivative financial instruments, as reflected on the balance sheet, includes net unrealized losses on exchange traded futures and options contracts of $17.1 million, which include $1.3 million of net unrealized losses on derivative financial instruments designated as cash flow hedging instruments, $0.5 million of unrealized losses on derivative financial instruments designated as fair value hedging instruments, and the balance representing economic hedges. Refer to Note 4 - Fair Value Disclosures , which contains fair value information related to derivative financial instruments. Effect of Derivative Instruments on Consolidated Balance Sheets, Consolidated Statements of Operations and Consolidated Statements of Comprehensive Income The gains or losses recognized in income and other comprehensive income related to the company’s derivative financial instruments and the line items on the consolidated financial statements where they are reported are as follows (in thousands): Amount of Gain (Loss) Reclassified from Accumulated Other Comprehensive Income into Income Location of Gain (Loss) Reclassified from Accumulated Other Three Months Ended Six Months Ended 2022 2021 2022 2021 Revenues $ (1,111) $ (23,692) $ (1,739) $ (38,880) Cost of goods sold (2,282) 18,485 1,012 35,484 Net loss recognized in income (loss) before income taxes $ (3,393) $ (5,207) $ (727) $ (3,396) Amount of Gain (Loss) Recognized in Other Comprehensive Income on Derivatives Gain (Loss) Recognized in Other Comprehensive Income on Three Months Ended Six Months Ended 2022 2021 2022 2021 Commodity contracts $ (14,114) $ 6,747 $ (6,807) $ 371 A portion of the company’s derivative instruments are considered economic hedges and as such are not designated as hedging instruments. The company uses exchange-traded futures and options contracts to manage its net position of product inventories and forward cash purchase and sales contracts to reduce price risk caused by market fluctuations. Derivatives, including exchange traded contracts and forward commodity purchase or sale contracts, and inventories of certain agricultural products, which include amounts acquired under deferred pricing contracts, are stated at fair value. Inventories are not considered a derivative, rather they are carried at the lower of cost or market. As such, changes in the fair value of inventories are not included in the table below. Amount of Gain (Loss) Derivatives Not Designated as Location of Gain (Loss) Recognized in Income Three Months Ended Six Months Ended 2022 2021 2022 2021 Exchange traded futures and options Revenues $ 2,714 $ (14,622) $ (31) $ (56,536) Forwards Revenues 6,880 3,521 4,267 4,641 Exchange trade futures and options Costs of goods sold 27,355 (3,996) (40,208) 7,041 Forwards Costs of goods sold (37,458) 6,987 (18,297) 4,513 Net gain (loss) recognized in income (loss) before income taxes $ (509) $ (8,110) $ (54,269) $ (40,341) The following amounts were recorded on the consolidated balance sheets related to cumulative basis adjustments for the fair value hedged items (in thousands): June 30, 2022 December 31, 2021 Line Item in the Consolidated Balance Sheet in Which the Hedged Item is Included Carrying Amount of the Hedged Assets Cumulative Amount of Fair Value Hedging Adjustment Included in the Carrying Amount of the Hedged Assets Carrying Amount of the Hedged Assets Cumulative Amount of Fair Value Hedging Adjustment Included in the Carrying Amount of the Hedged Assets Inventories $ 58,185 $ 3,118 $ 72,320 $ 6,291 Effect of Cash Flow and Fair Value Hedge Accounting on the Statements of Operations Location and Amount of Gain (Loss) Recognized in Income on Cash Flow and Fair Value Hedging Relationships for the Three Months Ended June 30, 2022 2021 Revenue Cost of Revenue Cost of Gain (loss) on cash flow hedging relationships: Commodity contracts: Amount of gain (loss) on exchange traded futures reclassified from accumulated other comprehensive income into income $ (1,111) $ (2,282) $ (23,692) $ 18,485 Gain (loss) on fair value hedging relationships: Commodity contracts: Fair-value hedged inventories — (8,550) — 10,406 Exchange traded futures designated as hedging instruments — 12,533 — (7,244) Total amounts of income and expense line items presented in the statement of operations in which the effects of cash flow or fair value hedges are recorded $ (1,111) $ 1,701 $ (23,692) $ 21,647 Location and Amount of Gain (Loss) Recognized in Income on Cash Flow and Fair Value Hedging Relationships for the Six Months Ended June 30, 2022 2021 Revenue Cost of Revenue Cost of Gain (loss) on cash flow hedging relationships: Commodity contracts: Amount of gain (loss) on exchange traded futures reclassified from accumulated other comprehensive income into income $ (1,739) $ 1,012 $ (38,880) $ 35,484 Gain (loss) on fair value hedging relationships: Commodity contracts: Fair-value hedged inventories — 9,836 — 18,373 Exchange traded futures designated as hedging instruments — (4,711) — (14,352) Total amounts of income and expense line items presented in the statement of operations in which the effects of cash flow or fair value hedges are recorded $ (1,739) $ 6,137 $ (38,880) $ 39,505 There were no gains or losses from discontinuing cash flow or fair value hedge treatment during the three and six months ended June 30, 2022 and 2021. The notional volume of open commodity derivative positions as of June 30, 2022, are as follows (in thousands): Exchange Traded (1) Non-Exchange Traded (2) Derivative Net Long & Long (Short) Unit of Commodity Futures (40,390) Bushels Corn Futures 6,930 (3) Bushels Corn Futures (4,475) (4) Bushels Corn Futures (62,118) Gallons Ethanol Futures (23,058) (3) Gallons Ethanol Futures 3,143 MmBTU Natural Gas Futures 7,680 (3) MmBTU Natural Gas Futures (4,555) (4) MmBTU Natural Gas Forwards 43,502 (18) Bushels Corn Forwards — (285,395) Gallons Ethanol Forwards 136 (395) Tons Distillers Grains Forwards — (83,308) Pounds Corn Oil Forwards 27,116 (87) MmBTU Natural Gas (1) Notional volume of exchange traded futures and options are presented on a net long and (short) position basis. Options are presented on a delta-adjusted basis. (2) Notional volume of non-exchange traded forward physical contracts are presented on a gross long and (short) position basis including both fixed-price and basis contracts, for which only the basis portion of the contract price is fixed. (3) Notional volume of exchange traded futures used for cash flow hedges. (4) Notional volume of exchange traded futures used for fair value hedges. Energy trading contracts that do not involve physical delivery are presented net in revenues on the consolidated statements of operations. Included in revenues are net gains of $0.4 million and $1.2 million for the three and six months ended June 30, 2022, respectively, and net gains of $24 thousand and $0.5 million for the three and six months ended June 30, 2021, respectively, on energy trading contracts.

Debt

Debt	6 Months Ended
Debt	Jun. 30, 2022
Debt Disclosure [Abstract]
Debt	DEBT The components of long-term debt are as follows (in thousands): June 30, 2022 December 31, 2021 Corporate: 2.25% convertible notes due 2027 (1) $ 230,000 $ 230,000 4.00% convertible notes due 2024 (2) 64,000 64,000 4.125% convertible notes due 2022 (3) 34,316 34,316 Green Plains SPE LLC: $125.0 million junior secured mezzanine notes due 2026 (4) 125,000 125,000 Green Plains Wood River and Green Plains Shenandoah: $75.0 million delayed draw loan agreement (5) 75,000 30,000 Green Plains Partners: $60.0 million term loan (6) (7) 58,969 60,000 Other 15,313 15,531 Total book value of long-term debt 602,598 558,847 Unamortized debt issuance costs (8,407) (9,556) Less: current maturities of long-term debt (99,164) (35,285) Total long-term debt $ 495,027 $ 514,006 (1) Includes $5.9 million and $6.5 million of unamortized debt issuance costs as of June 30, 2022 and December 31, 2021, respectively. (2) Includes $1.0 million and $1.2 million of unamortized debt issuance costs as of June 30, 2022 and December 31, 2021, respectively. Subsequent to June 30, 2022, the 2024 notes were converted into shares of common stock of the Company. (3) Includes $31 thousand and 0.1 million of unamortized debt issuance costs as of June 30, 2022 and December 31, 2021, respectively. (4) Includes $0.8 million and $0.9 million of unamortized debt issuance costs as of June 30, 2022 and December 31, 2021, respectively. (5) Includes $0.3 million of unamortized debt issuance costs as of both June 30, 2022 and December 31, 2021, respectively. (6) Includes $0.5 million of unamortized debt issuance costs as of both June 30, 2022 and December 31, 2021, respectively. (7) On February 11, 2022, the term loan was modified to allow Green Plains Partners and its affiliates to repurchase outstanding notes. On the same day, the partnership purchased $1.0 million of the outstanding notes from accounts and funds managed by BlackRock and subsequently retired the notes. The components of short-term notes payable and other borrowings are as follows (in thousands): June 30, 2022 December 31, 2021 Green Plains Finance Company, Green Plains Grain and Green Plains Trade: $350.0 million revolver $ 280,000 $ — Green Plains Commodity Management: $40.0 million hedge line 10,913 16,210 Green Plains Trade: $300.0 million revolver — 137,208 Green Plains Grain: $100.0 million revolver — 20,000 $50.0 million inventory financing 17,492 — $ 308,405 $ 173,418 Corporate Activities In March 2021, the company issued an aggregate $230.0 million of 2.25% convertible senior notes due in 2027, or the 2.25% notes. The 2.25% notes bear interest at a rate of 2.25% per year, payable on March 15 and September 15 of each year, beginning September 15, 2021, and mature on March 15, 2027. The 2.25% notes are senior, unsecured obligations of the company. The 2.25% notes are convertible, at the option of the holders, into consideration consisting of, at the company’s election, cash, shares of the company’s common stock, or a combination of cash and stock (and cash in lieu of fractional shares). However, before September 15, 2026, the 2.25% notes will not be convertible unless certain conditions are satisfied. The initial conversion rate is 31.6206 shares of the company’s common stock per $1,000 principal amount of 2.25% notes (equivalent to an initial conversion price of approximately $31.62 per share of the company’s common stock), representing an approximately 37.5% premium over the offering price of the company’s common stock. The conversion rate is subject to adjustment upon the occurrence of certain events, including but not limited to; the event of a stock dividend or stock split; the issuance of additional rights, options and warrants; spinoffs; the event of a cash dividend or distribution; or a tender or exchange offering. In addition, the company may be obligated to increase the conversion rate for any conversion that occurs in connection with certain corporate events, including the company’s calling the 2.25% notes for redemption. On and after March 15, 2024, and prior to the maturity date, the company may redeem, for cash, all, but not less than all, of the 2.25% notes if the last reported sale price of the company’s common stock equals or exceeds 140% of the applicable conversion price on (i) at least 20 trading days during a 30 consecutive trading day period ending on the trading day immediately prior to the date the company delivers notice of the redemption; and (ii) the trading day immediately before the date of the redemption notice. The redemption price will equal 100% of the principal amount of the 2.25% notes to be redeemed, plus any accrued and unpaid interest to, but excluding, the redemption date. In addition, upon the occurrence of a “fundamental change” (as defined in the indenture for the 2.25% notes), holders of the 2.25% notes will have the right, at their option, to require the company to repurchase their 2.25% notes for cash at a price equal to 100% of the principal amount of the 2.25% notes to be repurchased, plus accrued and unpaid interest to, but excluding, the fundamental change repurchase date. During June 2019, the company issued an aggregate $115.0 million of 4.00% convertible senior notes due in 2024, or the 4.00% notes. The 4.00% notes are senior, unsecured obligations of the company, with interest payable on January 1 and July 1 of each year, beginning January 1, 2020, at a rate of 4.00% per annum. The 4.00% notes will be convertible, at the option of the holders, into consideration consisting of, at the company’s election, cash, shares of the company’s common stock, or a combination of cash and shares of the company’s common stock until the close of business on the scheduled trading day immediately preceding the maturity date. The initial conversion rate is 64.1540 shares of common stock per $1,000 of principal, which is equal to a conversion price of approximately $15.59 per share. In addition, the company may be obligated to increase the conversion rate for any conversion that occurs in connection with certain corporate events, including the company’s calling the 4.00% notes for redemption. During May 2021, the company entered into a privately negotiated agreement with certain noteholders of the company’s 4.00% notes. Under this agreement, 3,568,705 shares of the company’s common stock were exchanged for $51.0 million in aggregate principal amount of the 4.00% notes. Common stock held as treasury shares were exchanged for the 4.00% notes. Pursuant to the guidance within ASC 470, Debt , the company recorded a loss of $9.5 million which was recorded as a charge to interest expense in the consolidated financial statements during the three months ended June 30, 2021, of which $1.2 million related to unamortized debt issuance costs. On May 25, 2022, the company gave notice calling for the redemption of its outstanding 4.00% convertible notes, totaling an aggregate principal amount of $64.0 million. The conversion rate was 66.4178 shares of common stock per $1,000 of principal. From July 1, 2022 through July 8, 2022, the remaining $64.0 million of the 4.00% convertible notes were converted into approximately 4.3 million shares of common stock. In August 2016, the company issued $170.0 million of 4.125% convertible senior notes due in 2022, or the 4.125% notes. The 4.125% notes are senior, unsecured obligations of the company, with interest payable on March 1 and September 1 of each year. The company anticipates it will settle the 4.125% notes in a combination of cash and common stock. The notes are convertible at the Holder’s option. The initial conversion rate is 35.7143 shares of common stock per $1,000 of principal, which is equal to a conversion price of approximately $28.00 per share. The conversion rate will be subject to adjustment upon the occurrence of certain events, including but not limited to; the event of a stock dividend or stock split; the issuance of additional rights, options and warrants; spinoffs; the event of a cash dividend or distribution; or a tender or exchange offering. The company may redeem all, but not less than all, of the 4.125% notes at any time on or after September 1, 2020, if the company’s common stock equals or exceeds 140% of the applicable conversion price for a specified time period ending on the trading day immediately prior to the date the company delivers notice of the redemption. The redemption price will equal 100% of the principal plus any accrued and unpaid interest. Holders of the 4.125% notes have the option to require the company to repurchase the 4.125% notes in cash at a price equal to 100% of the principal plus accrued and unpaid interest when there is a fundamental change, such as change in control. If an event of default occurs, it could result in the 4.125% notes being declared due and payable. In March 2021, concurrent with the issuance of the 2.25% notes, the company used approximately $156.5 million of the net proceeds of the 2.25% notes to repurchase approximately $135.7 million aggregate principal amount of the 4.125% notes, in privately negotiated transactions. Pursuant to the guidance within ASC 470, Debt , the company recorded a loss upon extinguishment of $22.1 million. This charge included $1.2 million of unamortized debt issuance costs related to the principal balance extinguished. Agribusiness and Energy Services Segment On March 25, 2022, Green Plains Finance Company, Green Plains Grain and Green Plains Trade (collectively, the “Borrowers”), all wholly owned subsidiaries of the company, together with the company, as guarantor, entered into a five-year, $350.0 million senior secured sustainability-linked revolving Loan and Security Agreement (the “Facility”) with a group of financial institutions. This transaction refinanced the separate credit facilities previously held by Green Plains Grain and Green Plains Trade. The Facility matures on March 25, 2027. The Facility includes revolving commitments totaling $350.0 million and an accordion feature whereby amounts available under the Facility may be increased by up to $100.0 million of new lender commitments subject to certain conditions. Each SOFR rate loan shall bear interest for each day at a rate per annum equal to the Term SOFR rate for the outstanding period plus a Term SOFR adjustment and an applicable margin of 2.25% to 2.50%, which is dependent on undrawn availability under the Facility. Each base rate loan shall bear interest at a rate per annum equal to the base rate plus the applicable margin of 1.25% to 1.50%, which is dependent on undrawn availability under the Facility. The unused portion of the Facility is also subject to a commitment fee of 0.275% to 0.375%, dependent on undrawn availability. Additionally, the applicable margin and commitment fee are subject to certain increases or decreases of up to 0.10% and 0.025%, respectively, tied to the company’s achievement of certain sustainability criteria, including the reduction of greenhouse gas emissions, recordable incident rate reduction, increased corn oil production and the implementation of technology to produce sustainable ingredients. The Facility contains customary affirmative and negative covenants, as well as the following financial covenants to be calculated as of the last day of any month: the current ratio of the Borrowers shall not be less than 1.00 to 1.00; the collateral coverage ratio of the Borrowers shall not be less than 1.20 to 1.00; and the debt to capitalization ratio of the company shall not be greater than 0.60 to 1.00. The Facility also includes customary events of default, including without limitation, failure to make required payments of principal or interest, material incorrect representations and warranties, breach of covenants, events of bankruptcy and other certain matters. The Facility is secured by the working capital assets of the Borrowers and is guaranteed by the company. Green Plains Grain has entered into a $50.0 million short-term inventory financing agreement with a financial institution. The company has accounted for the agreement as short-term notes, rather than revenues, and has elected the fair value option to offset fluctuations in market prices of the inventory. This agreement is subject to negotiated variable interest rates, which equaled 4.66% as of June 30, 2022. The company had $17.5 million short-term notes payable related to the inventory financing agreement as of June 30, 2022. Green Plains Commodity Management has an uncommitted $40.0 million revolving credit facility which matures April 30, 2023, to finance margins related to its hedging programs. Advances are subject to variable interest rates equal to SOFR plus 1.75%. The company had $10.9 million short-term notes payable related to this credit facility as of June 30, 2022. Ethanol Production Segment On February 9, 2021, Green Plains SPE LLC, a wholly-owned special purpose subsidiary and parent of Green Plains Obion and Green Plains Mount Vernon, issued $125.0 million of junior secured mezzanine notes due 2026 (the “Junior Notes”) with BlackRock, a holder of a portion of the company’s common stock, for the purchase of all notes issued. The Junior Notes will mature on February 9, 2026 and are secured by a pledge of the membership interests in and the real property owned by Green Plains Obion and Green Plains Mount Vernon. The proceeds of the Junior Notes are being used to construct MSC TM protein technology at the Green Plains Obion and Green Plains Mount Vernon facilities. The Junior Notes accrue interest at an annual rate of 11.75%. However, subject to the satisfaction of certain conditions, the Green Plains SPE LLC may elect to pay an amount in cash equal to interest accruing at a rate of 6.00% per annum plus an amount equal to interest accruing at a rate of 6.75% per annum to be paid in kind. The entire outstanding principal balance, plus any accrued and unpaid interest is due upon maturity. Green Plains SPE LLC is required to comply with certain financial covenants regarding minimum liquidity at Green Plains and a maximum aggregate loan to value. The Junior Notes can be retired or refinanced after 42 months with no prepayment premium. The Junior Notes have an unsecured parent guarantee from the company and have certain limitations on distributions, dividends or loans to the company unless there will not exist any event of default. Funds associated with the Junior Notes are administered by a trustee and are included in the balance of restricted cash as of June 30, 2022. On September 3, 2020, Green Plains Wood River and Green Plains Shenandoah, wholly-owned subsidiaries of the company, entered into a delayed draw loan agreement with MetLife Real Estate Lending LLC. The $75.0 million delayed draw loan matures on September 1, 2035 and is secured by substantially all of the assets of the Wood River and Shenandoah facilities. The proceeds from the loan were used to add MSC TM protein technology at the Wood River and Shenandoah facilities as well as other capital expenditures. The delayed draw loan bears interest at a fixed rate of 5.02%, plus an interest rate premium of 1.5% until the loan is fully drawn. The remaining availability was drawn in the first quarter of 2022. Beginning in the second quarter of 2022, the interest rate premium may be adjusted quarterly from 0.00% to 1.50% based on the leverage ratio of total funded debt to EBITDA of Wood River and Shenandoah. Principal payments of $1.5 million per year begin 24 months from the closing date. Prepayments are prohibited until September 2024. Financial covenants of the delayed draw loan agreement include a minimum loan to value ratio of 50%, a minimum fixed charge coverage ratio of 1.25x commencing on June 30, 2021, a total debt service reserve of six months of future principal and interest payments and a minimum working capital requirement at Green Plains of not less than $0.10 per gallon of nameplate capacity or $95.8 million. The loan is guaranteed by the company and has certain limitations on distributions, dividends or loans to Green Plains by Wood River and Shenandoah unless immediately after giving effect to such action, there will not exist any event of default. The company also has small equipment financing loans, finance leases on equipment or facilities, and other forms of debt financing. Partnership Segment Green Plains Partners has a term loan to fund working capital, capital expenditures and other general partnership purposes. On July 20, 2021, the prior credit facility was amended to $60.0 million, extending the maturity to July 20, 2026, and converting the credit facility to a term loan. Under the terms of the amended agreement, BlackRock purchased the outstanding balance of the prior credit facility from the previous lenders. Interest on the amended term loan is based on 3-month LIBOR plus 8.00%, with a 0% LIBOR floor. Interest is payable on the 15th day of each March, June, September and December during the term with the first interest payment being September 15, 2021. The amended term loan does not require any principal payments; however, the partnership has the option to prepay $1.5 million per quarter beginning twelve months after the closing date. On February 11, 2022, the amended term loan was modified to allow Green Plains Partners and its affiliates to repurchase outstanding notes. On the same day, the partnership purchased $1.0 million of the outstanding notes from accounts and funds managed by BlackRock and subsequently retired the notes. The partnership’s obligations under the term loan are secured by a first priority lien on (i) the equity interests of the partnership’s present and future subsidiaries, (ii) all of the partnership’s present and future personal property, such as investment property, general intangibles and contract rights, including rights under any agreements with Green Plains Trade, (iii) all proceeds and products of the equity interests of the partnership’s present and future subsidiaries and its personal property and (iv) substantially all of the partnership’s real property and material leases of real property. The terms impose affirmative and negative covenants, including restrictions on the partnership’s ability to incur additional debt, acquire and sell assets, create liens, invest capital, pay distributions and materially amend the partnership’s commercial agreements with Green Plains Trade. The term loan also requires the partnership to maintain a maximum consolidated leverage ratio and a minimum consolidated debt service coverage ratio, each of which is calculated on a pro forma basis with respect to acquisitions and divestitures occurring during the applicable period. The maximum consolidated leverage ratio required, as of the end of any fiscal quarter, is no more than 2.50x. The minimum debt service coverage ratio required, as of the end of any fiscal quarter, is no less than 1.10x. The consolidated leverage ratio is calculated by dividing total funded indebtedness by the sum of the four preceding fiscal quarters’ consolidated EBITDA. The consolidated debt service coverage ratio is calculated by taking the sum of the four preceding fiscal quarters’ consolidated EBITDA minus income taxes and consolidated capital expenditures for such period divided by the sum of the four preceding fiscal quarters’ consolidated interest charges plus consolidated scheduled funded debt payments for such period. Under the amended terms of the loan, the partnership has no restrictions on the amount of quarterly distribution payments, so long as (i) no default has occurred and is continuing, or would result from payment of the distribution, and (ii) the partnership and its subsidiaries are in compliance with its financial covenants and remain in compliance after payment of the distribution. The term loan is not guaranteed by the company. Covenant Compliance The company was in compliance with its debt covenants as of June 30, 2022. Restricted Net Assets At June 30, 2022, there were approximately $109.5 million of net assets at the company’s subsidiaries that could not be transferred to the parent company in the form of dividends, loans or advances due to restrictions contained in the credit facilities of these subsidiaries.

Stock-Based Compensation

Stock-Based Compensation	6 Months Ended
Stock-Based Compensation	Jun. 30, 2022
Share-Based Payment Arrangement [Abstract]
Stock-Based Compensation	STOCK-BASED COMPENSATION The company has an equity incentive plan which reserved a total of 5.7 million shares of common stock for issuance pursuant to the plan, of which 1.6 million shares remain outstanding and available. The plan provides for shares, including options to purchase shares of common stock, stock appreciation rights tied to the value of common stock, restricted stock, restricted and deferred stock unit awards and performance share awards to eligible employees, non-employee directors and consultants. The company measures stock-based compensation at fair value on the grant date, with no adjustments for estimated forfeitures. The company records noncash compensation expense related to equity awards in its consolidated financial statements over the requisite period on a straight-line basis. Restricted Stock Awards and Deferred Stock Units The non-vested stock award and deferred stock unit activity for the six months ended June 30, 2022, is as follows: Non-Vested Weighted- Weighted-Average Non-Vested at December 31, 2021 793,337 $ 14.64 Granted 288,130 30.15 Forfeited (5,954) 20.12 Vested (275,440) 15.69 Non-Vested at June 30, 2022 800,073 $ 19.82 2.2 Performance Shares On March 14, 2022, February 18, 2021 and March 18, 2020, the board of directors granted performance shares to be awarded in the form of common stock to certain participants of the plan. These performance shares vest based on the level of achievement of certain performance goals, including the incremental value achieved from various metrics including but not limited to the company’s high-protein initiatives, annual production levels and return on investment (ROI). The performance shares were granted at a target of 100%, but each performance share can be reduced or increased depending on results for the performance period. If the company achieves the maximum performance goals, the maximum amount of shares available to be issued pursuant to the 2022, 2021 and 2020 awards are 1,210,935 performance shares which represents approximately 251% of the 482,811 performance shares which remain outstanding. The actual number of performance shares that will ultimately vest is based on the actual performance targets achieved at the end of each performance period. On February 19, 2019, the board of directors granted performance shares to be awarded in the form of common stock to certain participants of the plan. The performance shares were granted at a target of 100%, but each performance share was reduced or increased depending on results for the performance period for the company’s average return on net assets, and the company’s total shareholder return relative to that of the company’s performance peer group. On February 19, 2022, based on the criteria discussed above, the 149,933 2019 performance shares vested at 75%, which resulted in the issuance of 112,450 shares of common stock. The non-vested performance share award activity for the six months ended June 30, 2022, is as follows: Performance Weighted- Weighted-Average Non-Vested at December 31, 2021 486,155 $ 13.93 Granted 146,589 29.47 Vested (149,933) 15.31 Non-Vested at June 30, 2022 482,811 $ 18.22 2.3 Green Plains Partners Green Plains Partners has a long-term incentive plan (LTIP) intended to promote the interests of the partnership, its general partner and affiliates by providing unit-based incentive compensation awards to employees, consultants and directors to encourage superior performance. The LTIP reserves 2,500,000 common limited partner units for issuance in the form of options, restricted units, phantom units, distribution equivalent rights, substitute awards, unit appreciation rights, unit awards, profit interest units or other unit-based awards. The partnership measures unit-based compensation related to equity awards in its consolidated financial statements over the requisite service period on a straight-line basis. There was no change in the number of non-vested unit-based awards for the six months ended June 30, 2022. Stock-Based and Unit Based Compensation Expense Compensation costs for stock-based and unit-based payment plans were $2.4 million and $4.3 million for the three and six months ended June 30, 2022, respectively, and $1.1 million and $2.0 million for the three and six months ended June 30, 2021, respectively. At June 30, 2022, there was $17.9 million of unrecognized compensation costs from stock-based and unit-based compensation related to non-vested awards. This compensation is expected to be recognized over a weighted-average period of approximately 2.2 years. The potential tax benefit related to stock-based payment is approximately 21.6% of these expenses.

Earnings Per Share

Earnings Per Share	6 Months Ended
Earnings Per Share	Jun. 30, 2022
Earnings Per Share [Abstract]
Earnings Per Share	EARNINGS PER SHARE Basic earnings per share, or EPS, is calculated by dividing net income available to common stockholders by the weighted average number of common shares outstanding during the period. The company computed diluted EPS by dividing net income on an if-converted basis, adjusted to add back net interest expense related to the convertible debt instruments, by the weighted average number of common shares outstanding during the period, adjusted to include the shares that would be issued if the convertible debt instruments were converted to common shares and the effect of any outstanding dilutive securities. The basic and diluted EPS are calculated as follows (in thousands): Three Months Ended Six Months Ended 2022 2021 2022 2021 EPS - basic: Net income (loss) attributable to Green Plains $ 46,398 $ 9,743 $ (15,076) $ 3,198 Weighted average shares outstanding - basic 53,033 45,425 52,960 41,581 EPS - basic $ 0.87 $ 0.21 $ (0.28) $ 0.08 EPS - diluted: Net income (loss) attributable to Green Plains $ 46,398 $ 9,743 $ (15,076) $ 3,198 Interest and amortization on convertible debt, net of tax effect: 4.125% convertible notes due 2022 314 — — — 4.00% convertible notes due 2024 596 577 — — 2.25% convertible notes due 2027 1,261 1,216 — — Net income (loss) attributable to Green Plains - diluted $ 48,569 $ 11,536 $ (15,076) $ 3,198 Weighted average shares outstanding - basic 53,033 45,425 52,960 41,581 Effect of dilutive convertible debt: 4.125% convertible notes due 2022 1,226 — — — 4.00% convertible notes due 2024 4,106 4,106 — — 2.25% convertible notes due 2027 7,273 7,273 — — Effect of dilutive warrants 757 669 — 345 Effect of dilutive stock-based compensation awards 500 698 — 749 Weighted average shares outstanding - diluted 66,895 58,171 52,960 42,675 EPS - diluted $ 0.73 $ 0.20 $ (0.28) $ 0.07 Anti-dilutive weighted-average convertible debt, warrants and stock-based compensation (1) — 1,226 13,853 10,233

Stockholders' Equity

Stockholders' Equity	6 Months Ended
Stockholders' Equity	Jun. 30, 2022
Stockholders' Equity Note [Abstract]
Stockholders' Equity	STOCKHOLDERS’ EQUITY Public Offerings of Common Stock On March 1, 2021, the company completed an offering of 8,751,500 shares of our common stock, par value $0.001 per share, in a public offering at a price of $23.00 per share (the “March Common Stock Offering”). The March Common Stock Offering resulted in net proceeds of $191.1 million, after deducting underwriting discounts and commissions and the company’s offering expenses. On August 9, 2021, the company completed an offering of 5,462,500 shares of our common stock, par value $0.001 per share, in a public offering at a price of $32.00 per share (the “August Common Stock Offering”). The August Common Stock Offering resulted in net proceeds of $164.9 million, after deducting underwriting discounts and commissions and the company’s offering expenses. Warrants During the three months ended March 31, 2021, in connection with certain agreements, the company issued warrants to purchase shares of its common stock. The company measures the fair value of the warrants using the Black-Scholes option pricing model as of the issuance date. Exercisable warrants are equity based and recorded as a reduction in additional paid-in capital. The company has reserved 2,550,000 shares of common stock for the exercise of warrants to non-employees, of which 2,275,000 are exercisable, and are treated as equity based awards and recorded as a reduction in additional paid-in capital. The remaining 275,000 warrants, of which 83,333 are exercisable as a result of achieving certain earn-out provisions and 191,667 are contingent upon certain earn-out provisions, are treated as liability based awards, and valued quarterly using the company’s stock price. These warrants could potentially dilute basic earnings per share in future periods. The exercise price of the warrants is $22.00 and expiration dates are December 8, 2025 for 275,000 warrants, February 9, 2026 for 275,000 warrants and April 28, 2026 for 2,000,000 warrants. Convertible Note Exchange On May 18, 2021, the company completed a privately negotiated exchange agreement with certain noteholders of the company’s 4.00% notes, pursuant to which the noteholders agreed to exchange $51.0 million in aggregate principal for 3,568,705 shares of the company’s common stock at an implied price of $26.80. Components of stockholders’ equity for the three and six months ended June 30, 2022 and 2021 are as follows (in thousands): Common Stock Additional Retained Accum. Other Treasury Stock Total Non- Total Shares Amount Shares Amount Balance, December 31, 2021 61,840 $ 62 $ 1,069,573 $ (15,199) $ (12,310) 8,244 $ (91,626) $ 950,500 $ 151,519 $ 1,102,019 Net income (loss) — — — (61,474) — — — (61,474) 5,602 (55,872) Distributions declared — — — — — — — — (5,122) (5,122) Other comprehensive income (loss) before reclassification — — — — 5,386 — — 5,386 — 5,386 Amounts reclassified from accumulated other comprehensive income (loss) — — — — (1,965) — — (1,965) — (1,965) Other comprehensive income (loss), net of tax — — — — 3,421 — — 3,421 — 3,421 Investment in subsidiary — — — — — — — — 24 24 Stock-based compensation 226 — (1,922) — — — — (1,922) 59 (1,863) Balance, March 31, 2022 62,066 $ 62 $ 1,067,651 $ (76,673) $ (8,889) 8,244 $ (91,626) $ 890,525 $ 152,082 $ 1,042,607 Net income — — — 46,398 — — — 46,398 6,322 52,720 Distributions declared — — — — — — — — (8,098) (8,098) Other comprehensive income (loss) before reclassification — — — — (10,535) — — (10,535) — (10,535) Amounts reclassified from accumulated other comprehensive income (loss) — — — — 2,515 — — 2,515 — 2,515 Other comprehensive income (loss), net of tax — — — — (8,020) — — (8,020) — (8,020) Investment in subsidiary — — — — — — — — 190 190 Stock-based compensation 21 — 2,270 — — — — 2,270 60 2,330 Balance, June 30, 2022 62,087 $ 62 $ 1,069,921 $ (30,275) $ (16,909) 8,244 $ (91,626) $ 931,173 $ 150,556 $ 1,081,729 Common Stock Additional Retained Accum. Other Treasury Stock Total Non- Total Shares Amount Shares Amount Balance, December 31, 2020 47,471 $ 47 $ 691,393 $ 50,793 $ (2,172) 11,813 $ (131,287) $ 608,774 $ 129,812 $ 738,586 Net income (loss) — — — (6,545) — — — (6,545) 4,566 (1,979) Distributions declared — — — — — — — — (1,395) (1,395) Other comprehensive income (loss) before reclassification — — — — (4,849) — — (4,849) — (4,849) Amounts reclassified from accumulated other comprehensive income (loss) — — — — (1,377) — — (1,377) — (1,377) Other comprehensive income (loss), net of tax — — — — (6,226) — — (6,226) — (6,226) Investment in subsidiaries — — — — — — — — 3,330 3,330 Issuance of warrants — — 3,431 — — — — 3,431 (3,431) — Issuance of common stock for cash at $23.00 per share, net of fees 8,752 9 191,125 — — — — 191,134 — 191,134 Stock-based compensation 230 — (3,000) — — — — (3,000) 79 (2,921) Balance, March 31, 2021 56,453 $ 56 $ 882,949 $ 44,248 $ (8,398) 11,813 $ (131,287) $ 787,568 $ 132,961 $ 920,529 Net income (loss) — $ — $ — $ 9,743 $ — — $ — $ 9,743 $ 6,374 $ 16,117 Distributions declared — $ — $ — $ — $ — — $ — $ — $ (1,395) $ (1,395) Other comprehensive income (loss) before reclassification — $ — $ — $ — $ 5,131 — $ — $ 5,131 $ — $ 5,131 Amounts reclassified from accumulated other comprehensive income (loss) — $ — $ — $ — $ 3,961 — $ — $ 3,961 $ — $ 3,961 Other comprehensive income (loss), net of tax — $ — $ — $ — $ 9,092 — $ — $ 9,092 $ — $ 9,092 Exchange of 4.00% convertible notes due 2024 — $ — $ 17,679 $ — $ — (3,569) $ 39,661 $ 57,340 $ — $ 57,340 Acquisition of FQT — $ — $ — $ — $ — — $ — $ — $ 1,861 $ 1,861 Warrant liability — $ — $ — $ — $ — — $ — $ — $ 1,278 $ 1,278 Stock-based compensation (20) $ 4 $ 324 $ — $ — — $ — $ 328 $ 80 $ 408 Balance, June 30, 2021 56,433 $ 60 $ 900,952 $ 53,991 $ 694 8,244 $ (91,626) $ 864,071 $ 141,159 $ 1,005,230 Amounts reclassified from accumulated other comprehensive income are as follows (in thousands): Three Months Ended Six Months Ended Statements of 2022 2021 2022 2021 Gains (losses) on cash flow hedges: Commodity derivatives $ (1,111) $ (23,692) $ (1,739) $ (38,880) (1) Commodity derivatives (2,282) 18,485 1,012 35,484 (2) Total losses on cash flow hedges (3,393) (5,207) (727) (3,396) (3) Income tax benefit 878 1,246 177 812 (4) Amounts reclassified from accumulated other comprehensive loss $ (2,515) $ (3,961) $ (550) $ (2,584) (1) Revenues (2) Costs of goods sold (3) Income (loss) before income taxes and income (loss) from equity method investees (4) Income tax benefit (expense)

Income Taxes

Income Taxes	6 Months Ended
Income Taxes	Jun. 30, 2022
Income Tax Disclosure [Abstract]
Income Taxes	INCOME TAXES The company records actual income tax expense or benefit during interim periods rather than on an annual effective tax rate method. Certain items are given discrete period treatment and the tax effect of those items are reported in full in the relevant interim period. Green Plains Partners is a limited partnership, which is treated as a flow-through entity for federal income tax purposes and is not subject to federal income taxes. As a result, the consolidated financial statements do not reflect income taxes on pre-tax income or loss attributable to the noncontrolling interest in the partnership. The company recorded income tax expense of $2.9 million for the three months ended June 30, 2022, compared with income tax benefit of $4.8 million for the same period in 2021. The increase in the amount of tax expense recorded for the three months ended June 30, 2022 was primarily due to an increase in the valuation allowance recorded against deferred tax assets related to gains (losses) on derivatives included in accumulated other comprehensive income. The effective tax rate can be affected by variances in the estimates and amounts of taxable income among the various states, entities and activity types, realization of tax credits, adjustments from resolution of tax matters under review, valuation allowances and the company’s assessment of its liability for uncertain tax positions.

Commitments and Contingencies

Commitments and Contingencies	6 Months Ended
Commitments and Contingencies	Jun. 30, 2022
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	COMMITMENTS AND CONTINGENCIES Lease Expense The company leases certain facilities, parcels of land, and equipment, with remaining terms ranging from less than one year to approximately 15.4 years. The land and facility leases include renewal options. The renewal options are included in the lease term only for those sites or locations that are reasonably certain to be renewed. Equipment renewals are not considered reasonably certain to be exercised as they typically renew with significantly different underlying terms. The company may sublease certain of its railcars to third parties on a short-term basis. The subleases are classified as operating leases, with the associated sublease income being recognized on a straight-line basis over the lease term. The components of lease expense are as follows (in thousands): Three Months Ended Six Months Ended 2022 2021 2022 2021 Lease expense Operating lease expense $ 5,390 $ 4,908 $ 10,388 $ 9,842 Variable lease expense (1) 226 522 405 591 Total lease expense $ 5,616 $ 5,430 $ 10,793 $ 10,433 (1) Represents amounts incurred in excess of the minimum payments required for a certain building lease and for the handling and unloading of railcars for a certain land lease, offset by railcar lease abatements provided by the lessor when railcars are out of service during periods of maintenance or upgrade. Supplemental cash flow information related to operating leases is as follows (in thousands): Three Months Ended Six Months Ended 2022 2021 2022 2021 Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows from operating leases $ 5,029 $ 4,814 $ 9,874 $ 9,646 Right-of-use assets obtained in exchange for lease obligations: Operating leases 7,013 4,308 11,723 10,772 Right-of-use assets and lease obligations derecognized due to lease modifications: Operating leases — — — 51 Supplemental balance sheet information related to operating leases is as follows: June 30, 2022 December 31, 2021 Weighted average remaining lease term 5.3 years 5.5 years Weighted average discount rate 4.04 % 4.16 % Aggregate minimum lease payments under the operating lease agreements for the remainder of 2022 and in future years are as follows (in thousands): Year Ending December 31, Amount 2022 $ 10,455 2023 18,907 2024 16,365 2025 11,996 2026 6,098 Thereafter 14,834 Total 78,655 Less: Present value discount (8,891) Lease liabilities $ 69,764 Lease Revenue As described in Note 2 – Revenue , the majority of the partnership’s segment revenue is generated through their storage and throughput services and rail transportation services agreements with Green Plains Trade and are accounted for as lease revenue. Leasing revenues do not represent revenues recognized from contracts with customers under ASC 606, and are accounted for under ASC 842, Leases . Lease revenue associated with agreements with Green Plains Trade is eliminated upon consolidation. The remaining lease revenue is not material to the company. Commodities, Storage and Transportation As of June 30, 2022, the company had contracted future purchases of grain, natural gas, and distillers grains, valued at approximately $511.9 million and future commitments for storage and transportation, valued at approximately $25.6 million. Government Assistance During the three months ended June 30, 2022, the company received a relief grant from the USDA related to the Biofuel Producer Program authorized as part of the CARES Act to offset market losses as a result of the COVID-19 pandemic. The total cash grant received of $27.7 million was recorded as other income and the company has no further reporting or other obligations related to the receipt of this grant. Legal The company is currently involved in litigation that has arisen during the ordinary course of business, but does not believe any pending litigation will have a material adverse effect on its financial position, results of operations or cash flows.

Basis of Presentation, Descri_2

Basis of Presentation, Description of Business and Summary of Significant Accounting Policies (Policies)	6 Months Ended
	Jun. 30, 2022
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Consolidated Financial Statements	Consolidated Financial Statements The consolidated financial statements include the company’s accounts and all significant intercompany balances and transactions are eliminated. Unconsolidated entities are included in the financial statements on an equity basis. As of June 30, 2022, the company owns a 48.9% limited partner interest and a 2.0% general partner interest in Green Plains Partners LP. Public investors own the remaining 49.1% limited partner interest in the partnership. The company determined that the limited partners in the partnership with equity at risk lack the power, through voting rights or similar rights, to direct the activities that most significantly impact the partnership’s economic performance; therefore, the partnership is considered a variable interest entity. The company, through its ownership of the general partner interest in the partnership, has the power to direct the activities that most significantly affect economic performance and is obligated to absorb losses and has the right to receive benefits that could be significant to the partnership. Therefore, the company is considered the primary beneficiary and consolidates the partnership in the company’s financial statements. The assets of the partnership cannot be used by the company for general corporate purposes. The partnership’s consolidated total assets as of June 30, 2022 and December 31, 2021, excluding intercompany balances, are $100.1 million and $100.3 million, respectively, and primarily consist of property and equipment, operating lease right-of-use assets and goodwill. The partnership’s consolidated total liabilities as of June 30, 2022 and December 31, 2021, excluding intercompany balances, are $113.4 million and $111.4 million, respectively, which primarily consist of long-term debt as discussed in Note 8 – Debt and operating lease liabilities. The liabilities recognized as a result of consolidating the partnership do not represent additional claims on the company’s general assets. The company also owns a majority interest in FQT, with their results being consolidated in our consolidated financial statements. The accompanying unaudited consolidated financial statements are prepared in accordance with GAAP for interim financial information and the instructions to Form 10-Q and Article 10 of Regulation S-X. Because they do not include all of the information and notes required by GAAP, the consolidated financial statements should be read in conjunction with the company’s annual report on Form 10-K for the year ended December 31, 2021, filed with the SEC on February 18, 2022. The unaudited financial information reflects adjustments, which are, in the opinion of management, necessary for a fair presentation of results of operations, financial position and cash flows for the periods presented. The adjustments are normal and recurring in nature, unless otherwise noted. Interim period results are not necessarily indicative of the results to be expected for the entire year.
Use of Estimates in the Preparation of Consolidated Financial Statements	Use of Estimates in the Preparation of Consolidated Financial Statements The preparation of consolidated financial statements in conformity with GAAP requires management to make certain estimates and assumptions that affect the reported amounts of assets and liabilities, disclosure of contingent assets and liabilities at the date of the consolidated financial statements, and the reported amounts of revenues and expenses during the reporting period. The company bases its estimates on historical experience and assumptions it believes are proper and reasonable under the circumstances and regularly evaluates the appropriateness of its estimates and assumptions. Actual results could differ from those estimates. Key accounting policies, including but not limited to those relating to revenue recognition, carrying value of intangible assets, operating leases, impairment of long-lived assets and goodwill, derivative financial instruments, accounting for income taxes and assets acquired and liabilities assumed in acquisitions, are impacted significantly by judgments, assumptions and estimates used in the preparation of the consolidated financial statements.
Description of Business	Description of Business The company operates within three operating segments: (1) ethanol production, which includes the production of ethanol, including industrial-grade alcohol, distillers grains, Ultra-High Protein and corn oil, (2) agribusiness and energy services, which includes grain handling and storage, commodity marketing and merchant trading for company-produced and third-party ethanol, distillers grains, corn oil, natural gas and other commodities and (3) partnership, which includes fuel storage and transportation services.
Cash and Cash Equivalents	Cash and Cash Equivalents Cash and cash equivalents includes bank deposits as well as short-term, highly liquid investments with original maturities of three months or less.
Restricted Cash	Restricted Cash The company has restricted cash, which can only be used for funding letters of credit, for payment towards a credit agreement, or for capital expenditures as specified in certain credit facility agreements. Restricted cash also includes cash margins and securities pledged to commodity exchange clearinghouses and at times, funds in escrow related to acquisition and disposition activities. To the degree these segregated balances are cash and cash equivalents, they are considered restricted cash on the consolidated balance sheets.
Marketable Securities	Marketable SecuritiesMarketable securities include highly liquid, fixed maturity investments with original maturities ranging from three to twelve months and are carried at amortized cost, reflecting the ability and intent to hold the securities to maturity.
Revenue Recognition	Revenue Recognition The company recognizes revenue when obligations under the terms of a contract with a customer are satisfied. Generally this occurs with the transfer of control of products or services. Revenue is measured as the amount of consideration expected to be received in exchange for transferring goods or providing services. Sales, value add, and other taxes the company collects concurrent with revenue-producing activities are excluded from revenue. Sales of ethanol, distillers grains, corn oil, natural gas and other commodities by the company’s marketing business are recognized when obligations under the terms of a contract with a customer are satisfied. Generally, this occurs with the transfer of control of products or services. Revenues related to marketing for third parties are presented on a gross basis as the company controls the product prior to the sale to the end customer, takes title of the product and has inventory risk. Unearned revenue is recorded for goods in transit when the company has received payment but control has not yet been transferred to the customer. Revenues for receiving, storing, transferring and transporting ethanol and other fuels are recognized when the product is delivered to the customer. The company routinely enters into physical-delivery energy commodity purchase and sale agreements. At times, the company settles these transactions by transferring its obligations to other counterparties rather than delivering the physical commodity. Energy trading transactions are reported net as a component of revenue. Revenues include net gains or losses from derivatives related to products sold while cost of goods sold includes net gains or losses from derivatives related to commodities purchased. Revenues also include realized gains and losses on related derivative financial instruments and reclassifications of realized gains and losses on cash flow hedges from accumulated other comprehensive income or loss. Sales of products, including agricultural commodities, are recognized when control of the product is transferred to the customer, which depends on the agreed upon shipment or delivery terms. Revenues related to grain merchandising are presented gross and include shipping and handling, which is also a component of cost of goods sold. Revenues from grain storage are recognized over time as the services are rendered. A substantial portion of the partnership revenues are derived from fixed-fee commercial agreements for storage, terminal or transportation services. The partnership recognizes revenue upon transfer of control of product from its storage tanks and fuel terminals, when railcar volumetric capacity is provided, and as truck transportation services are performed. To the extent shortfalls associated with minimum volume commitments in the previous four quarters continue to exist, volumes in excess of the minimum volume commitment are applied to those shortfalls. Remaining excess volumes generating operating lease revenue are recognized as incurred.
Shipping and Handling Costs	Shipping and Handling Costs The company accounts for shipping and handling activities related to contracts with customers as costs to fulfill its promise to transfer the associated products. Accordingly, the company records customer payments associated with shipping and handling costs as a component of revenue, and classifies such costs as a component of cost of goods sold.
Cost of Goods Sold	Cost of Goods Sold Cost of goods sold includes direct labor, materials, shipping and plant overhead costs. Direct labor includes all compensation and related benefits of non-management personnel involved in ethanol production. Grain purchasing and receiving costs, excluding labor costs for grain buyers and scale operators, are also included in cost of goods sold. Materials include the cost of corn feedstock, denaturant, and process chemicals. Corn feedstock costs include gains and losses on related derivative financial instruments not designated as cash flow hedges, inbound freight charges, inspection costs and transfer costs, as well as reclassifications of gains and losses on cash flow hedges from accumulated other comprehensive income or loss. Plant overhead consists primarily of plant utilities, repairs and maintenance and outbound freight charges. Shipping costs incurred by the company, including railcar costs, are also reflected in cost of goods sold. The company uses exchange-traded futures and options contracts and forward purchase and sale contracts to attempt to minimize the effect of price changes on ethanol, grain and natural gas. Exchange-traded futures and options contracts are valued at quoted market prices and settled predominantly in cash. The company is exposed to loss when counterparties default on forward purchase and sale contracts. Forward purchase and sale contracts are valued at market prices when available or other market quotes adjusted for basis differences, primarily in transportation, between the exchange-traded market and local market where the terms of the contract is based. Changes in forward purchase contracts and exchange-traded futures and options contracts are recognized as a component of cost of goods sold.
Operations and Maintenance Expenses	Operations and Maintenance Expenses In the partnership segment, transportation expenses represent the primary component of operations and maintenance expenses. Transportation expenses include railcar leases, freight and shipping of the company’s ethanol and co-products, as well as costs incurred storing ethanol at destination terminals.
Derivative Financial Instruments	Derivative Financial Instruments The company uses various derivative financial instruments, including exchange-traded futures and exchange-traded and over-the-counter options contracts, to attempt to minimize risk and the effect of commodity price changes including but not limited to, corn, ethanol, natural gas and other agricultural and energy products. The company monitors and manages this exposure as part of its overall risk management policy to reduce the adverse effect market volatility may have on its operating results. The company may hedge these commodities as one way to mitigate risk; however, there may be situations when these hedging activities themselves result in losses. By using derivatives to hedge exposures to changes in commodity prices, the company is exposed to credit and market risk. The company’s exposure to credit risk includes the counterparty’s failure to fulfill its performance obligations under the terms of the derivative contract. The company minimizes its credit risk by entering into transactions with high quality counterparties, limiting the amount of financial exposure it has with each counterparty and monitoring their financial condition. Market risk is the risk that the value of the financial instrument might be adversely affected by a change in commodity prices or interest rates. The company manages market risk by incorporating parameters to monitor exposure within its risk management strategy, which limits the types of derivative instruments and strategies the company can use and the degree of market risk it can take using derivative instruments. The company evaluates its physical delivery contracts to determine if they qualify for normal purchase or sale exemptions which are expected to be used or sold over a reasonable period in the normal course of business. Contracts that do not meet the normal purchase or sale criteria are recorded at fair value. Changes in fair value are recorded in operating income unless the contracts qualify for, and the company elects, cash flow hedge accounting treatment. Certain qualifying derivatives related to ethanol production and agribusiness and energy services are designated as cash flow hedges. The company evaluates the derivative instrument to ascertain its effectiveness prior to entering into cash flow hedges. Unrealized gains and losses are reflected in accumulated other comprehensive income or loss until the gain or loss from the underlying hedged transaction is realized and the physical transaction is completed. When it becomes probable a forecasted transaction will not occur, the cash flow hedge treatment is discontinued, which affects earnings. These derivative financial instruments are recognized in current assets or current liabilities at fair value.

Revenue (Tables)

Revenue (Tables)	6 Months Ended
Revenue (Tables)	Jun. 30, 2022
Revenue from Contract with Customer [Abstract]
Disaggregation of Revenue by Major Source	The following tables disaggregate revenue by major source (in thousands): Three Months Ended June 30, 2022 Ethanol Production Agribusiness & Energy Partnership Eliminations Total Revenues: Revenues from contracts with customers under ASC 606: Ethanol $ — $ — $ — $ — $ — Distillers grains 9,401 — — — 9,401 Corn oil — — — — — Service revenues 1,547 — 912 — 2,459 Other 5,729 1,661 — — 7,390 Intersegment revenues — 234 2,053 (2,287) — Total revenues from contracts with customers 16,677 1,895 2,965 (2,287) 19,250 Revenues from contracts accounted for as derivatives under ASC 815 (1) : Ethanol 644,641 138,032 — — 782,673 Distillers grains 143,435 8,173 — — 151,608 Corn oil 51,956 1,551 — — 53,507 Other 4,457 899 — — 5,356 Intersegment revenues — 7,009 — (7,009) — Total revenues from contracts accounted for as derivatives 844,489 155,664 — (7,009) 993,144 Leasing revenues under ASC 842 (2) : — — 16,689 (16,689) — Total Revenues $ 861,166 $ 157,559 $ 19,654 $ (25,985) $ 1,012,394 Six Months Ended June 30, 2022 Ethanol Production Agribusiness & Energy Partnership Eliminations Total Revenues: Revenues from contracts with customers under ASC 606: Ethanol $ — $ — $ — $ — $ — Distillers grains 16,763 — — — 16,763 Corn oil — — — — — Service revenues 5,287 — 1,917 — 7,204 Other 15,350 2,949 — — 18,299 Intersegment revenues — 234 3,938 (4,172) — Total revenues from contracts with customers 37,400 3,183 5,855 (4,172) 42,266 Revenues from contracts accounted for as derivatives under ASC 815 (1) : Ethanol 1,116,563 233,692 — — 1,350,255 Distillers grains 241,947 23,299 — — 265,246 Corn oil 92,845 3,957 — — 96,802 Other 9,964 29,296 — — 39,260 Intersegment revenues — 12,844 — (12,844) — Total revenues from contracts accounted for as derivatives 1,461,319 303,088 — (12,844) 1,751,563 Leasing revenues under ASC 842 (2) : — — 32,899 (32,899) — Total Revenues $ 1,498,719 $ 306,271 $ 38,754 $ (49,915) $ 1,793,829 Three Months Ended June 30, 2021 Ethanol Production Agribusiness & Energy Partnership Eliminations Total Revenues: Revenues from contracts with customers under ASC 606: Ethanol $ — $ — $ — $ — $ — Distillers grains 4,425 — — — 4,425 Corn oil — — — — — Service revenues 1,462 — 1,159 — 2,621 Other 12,367 2,217 — — 14,584 Intersegment revenues — — 2,172 (2,172) — Total revenues from contracts with customers 18,254 2,217 3,331 (2,172) 21,630 Revenues from contracts accounted for as derivatives under ASC 815 (1) : Ethanol 413,592 138,931 — — 552,523 Distillers grains 95,465 9,015 — — 104,480 Corn oil 25,349 7,775 — — 33,124 Grain — 10,798 — — 10,798 Other 2,613 (761) — — 1,852 Intersegment revenues — 5,512 — (5,512) — Total revenues from contracts accounted for as derivatives 537,019 171,270 — (5,512) 702,777 Leasing revenues under ASC 842 (2) : — — 16,370 (16,359) 11 Total Revenues $ 555,273 $ 173,487 $ 19,701 $ (24,043) $ 724,418 Six Months Ended June 30, 2021 Ethanol Production Agribusiness & Energy Partnership Eliminations Total Revenues: Revenues from contracts with customers under ASC 606: Ethanol $ — $ — $ — $ — $ — Distillers grains 8,038 — — — 8,038 Corn oil — — — — — Service revenues 2,025 — 2,216 — 4,241 Other 16,429 3,043 — — 19,472 Intersegment revenues — — 4,178 (4,178) — Total revenues from contracts with customers 26,492 3,043 6,394 (4,178) 31,751 Revenues from contracts accounted for as derivatives under ASC 815 (1) : Ethanol 703,177 214,843 — — 918,020 Distillers grains 191,159 18,254 — — 209,413 Corn oil 39,889 12,586 — — 52,475 Grain — 22,968 — — 22,968 Other 18,278 25,102 — — 43,380 Intersegment revenues — 10,635 — (10,635) — Total revenues from contracts accounted for as derivatives 952,503 304,388 — (10,635) 1,246,256 Leasing revenues under ASC 842 (2) : — — 33,713 (33,662) 51 Total Revenues $ 978,995 $ 307,431 $ 40,107 $ (48,475) $ 1,278,058 (1) Revenues from contracts accounted for as derivatives represent physically settled derivative sales that are outside the scope of ASC 606. (2) Leasing revenues do not represent revenues recognized from contracts with customers under ASC 606, and are accounted for under ASC 842, Leases .

Fair Value Disclosures (Tables)

Fair Value Disclosures (Tables)	6 Months Ended
Fair Value Disclosures (Tables)	Jun. 30, 2022
Fair Value Disclosures [Abstract]
Assets and Liabilities at Fair Value	The company’s assets and liabilities by level are as follows (in thousands): Fair Value Measurements at June 30, 2022 Quoted Prices in Significant Other Total Assets: Cash and cash equivalents $ 508,151 $ — $ 508,151 Restricted cash 71,128 — 71,128 Inventories carried at market — 58,185 58,185 Derivative financial instruments - assets — 40,474 40,474 Other assets 110 54 164 Total assets measured at fair value $ 579,389 $ 98,713 $ 678,102 Liabilities: Accounts payable (1) $ — $ 8,356 $ 8,356 Accrued and other liabilities (2) — 3,021 3,021 Derivative financial instruments - liabilities — 49,959 49,959 Other liabilities (2) — 6,553 6,553 Total liabilities measured at fair value $ — $ 67,889 $ 67,889 Fair Value Measurements at December 31, 2021 Quoted Prices in Significant Other Total Assets: Cash and cash equivalents $ 426,220 $ — $ 426,220 Restricted cash 134,739 — 134,739 Inventories carried at market — 72,320 72,320 Derivative financial instruments - assets — 26,738 26,738 Other assets 111 8 119 Total assets measured at fair value $ 561,070 $ 99,066 $ 660,136 Liabilities: Accounts payable (1) $ — $ 12,617 $ 12,617 Accrued and other liabilities (2) — 3,260 3,260 Derivative financial instruments - liabilities — 26,117 26,117 Other liabilities (2) — 7,788 7,788 Total liabilities measured at fair value $ — $ 49,782 $ 49,782 (1) Accounts payable is generally stated at historical amounts with the exception of $8.4 million and $12.6 million at June 30, 2022 and December 31, 2021, respectively, related to certain delivered inventory for which the payable fluctuates based on changes in commodity prices. These payables are hybrid financial instruments for which the company has elected the fair value option. (2) As of June 30, 2022 and December 31, 2021, respectively, accrued and other liabilities includes $3.0 million and $3.3 million and other liabilities includes $6.5 million and $7.6 million of consideration related to potential earn-out payments recorded at fair value.

Segment Information (Tables)

Segment Information (Tables)	6 Months Ended
Segment Information (Tables)	Jun. 30, 2022
Segment Reporting [Abstract]
Financial Data of Operating Segments	The following tables set forth certain financial data for the company’s operating segments (in thousands): Three Months Ended Six Months Ended 2022 2021 2022 2021 Revenues: Ethanol production: Revenues from external customers $ 861,166 $ 555,273 $ 1,498,719 $ 978,995 Intersegment revenues — — — — Total segment revenues 861,166 555,273 1,498,719 978,995 Agribusiness and energy services: Revenues from external customers 150,316 167,975 293,193 296,796 Intersegment revenues 7,243 5,512 13,078 10,635 Total segment revenues 157,559 173,487 306,271 307,431 Partnership: Revenues from external customers 912 1,170 1,917 2,267 Intersegment revenues 18,742 18,531 36,837 37,840 Total segment revenues 19,654 19,701 38,754 40,107 Revenues including intersegment activity 1,038,379 748,461 1,843,744 1,326,533 Intersegment eliminations (25,985) (24,043) (49,915) (48,475) $ 1,012,394 $ 724,418 $ 1,793,829 $ 1,278,058 Refer to Note 2 - Revenue , for further disaggregation of revenue by operating segment. Three Months Ended Six Months Ended 2022 2021 2022 2021 Cost of goods sold: Ethanol production $ 804,821 $ 493,656 $ 1,466,381 $ 909,181 Agribusiness and energy services 143,656 170,181 278,095 286,255 Intersegment eliminations (27,163) (24,429) (50,653) (46,795) $ 921,314 $ 639,408 $ 1,693,823 $ 1,148,641 Three Months Ended Six Months Ended 2022 2021 2022 2021 Gross margin: Ethanol production $ 56,345 $ 61,617 $ 32,338 $ 69,814 Agribusiness and energy services 13,903 3,306 28,176 21,176 Partnership 19,654 19,701 38,754 40,107 Intersegment eliminations 1,178 386 738 (1,680) $ 91,080 $ 85,010 $ 100,006 $ 129,417 Three Months Ended Six Months Ended 2022 2021 2022 2021 Operating income (loss): Ethanol production $ 27,506 $ 33,543 $ (23,652) $ 13,223 Agribusiness and energy services 10,281 (851) 20,689 12,495 Partnership 12,104 11,916 23,913 24,787 Intersegment eliminations 1,178 386 738 (1,680) Corporate activities (1) (17,228) (13,961) (35,749) 13,555 $ 33,841 $ 31,033 $ (14,061) $ 62,380 (1) Corporate activities for the three and six months ended June 30, 2021 include a $3.8 million loss on sale of assets and a $33.1 million gain on sale of assets, respectively. Three Months Ended Six Months Ended 2022 2021 2022 2021 Depreciation and amortization: Ethanol production $ 19,114 $ 18,483 $ 37,546 $ 37,011 Agribusiness and energy services 470 595 934 1,202 Partnership 823 795 1,721 1,682 Corporate activities 560 659 1,165 1,318 $ 20,967 $ 20,532 $ 41,366 $ 41,213
Total Assets for Operating Segments	The following table sets forth total assets by operating segment (in thousands): June 30, 2022 December 31, 2021 Total assets (1) : Ethanol production $ 1,121,570 $ 1,101,151 Agribusiness and energy services 593,413 487,164 Partnership 100,106 100,349 Corporate assets 488,944 524,206 Intersegment eliminations (8,025) (53,115) $ 2,296,008 $ 2,159,755

Inventories (Tables)

Inventories (Tables)	6 Months Ended
Inventories (Tables)	Jun. 30, 2022
Inventory Disclosure [Abstract]
Components of Inventories	The components of inventories are as follows (in thousands): June 30, 2022 December 31, 2021 Finished goods $ 138,806 $ 91,448 Commodities held for sale 23,715 72,320 Raw materials 90,068 50,604 Work-in-process 25,177 19,783 Supplies and parts 37,274 33,683 $ 315,040 $ 267,838

Derivative Financial Instrume_2

Derivative Financial Instruments (Tables)	6 Months Ended
Derivative Financial Instruments (Tables)	Jun. 30, 2022
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Fair Value of Derivative Financial Instruments	The fair values of the company’s derivative financial instruments and the line items on the consolidated balance sheets where they are reported are as follows (in thousands): Asset Derivatives' Liability Derivatives' June 30, December 31, June 30, December 31, Derivative financial instruments - forwards $ 40,474 (1) $ 26,738 $ 49,959 $ 26,117 (2) Other assets 54 8 — — Other liabilities — — 71 196 Total $ 40,528 $ 26,746 $ 50,030 $ 26,313 (1) At June 30, 2022, derivative financial instruments, as reflected on the balance sheet, includes net unrealized gains on exchange traded futures and options contracts of $19.9 million, which included $11.6 million of net unrealized losses on derivative financial instruments designated as cash flow hedging instruments, $14.8 million of unrealized gains on derivative financial instruments designated as fair value hedging instruments, and the balance representing economic hedges. (2) At December 31, 2021, derivative financial instruments, as reflected on the balance sheet, includes net unrealized losses on exchange traded futures and options contracts of $17.1 million, which include $1.3 million of net unrealized losses on derivative financial instruments designated as cash flow hedging instruments, $0.5 million of unrealized losses on derivative financial instruments designated as fair value hedging instruments, and the balance representing economic hedges.
Derivative Instruments, Gain (Loss) in Statement of Financial Performance	The gains or losses recognized in income and other comprehensive income related to the company’s derivative financial instruments and the line items on the consolidated financial statements where they are reported are as follows (in thousands): Amount of Gain (Loss) Reclassified from Accumulated Other Comprehensive Income into Income Location of Gain (Loss) Reclassified from Accumulated Other Three Months Ended Six Months Ended 2022 2021 2022 2021 Revenues $ (1,111) $ (23,692) $ (1,739) $ (38,880) Cost of goods sold (2,282) 18,485 1,012 35,484 Net loss recognized in income (loss) before income taxes $ (3,393) $ (5,207) $ (727) $ (3,396) Amount of Gain (Loss) Recognized in Other Comprehensive Income on Derivatives Gain (Loss) Recognized in Other Comprehensive Income on Three Months Ended Six Months Ended 2022 2021 2022 2021 Commodity contracts $ (14,114) $ 6,747 $ (6,807) $ 371 Amount of Gain (Loss) Derivatives Not Designated as Location of Gain (Loss) Recognized in Income Three Months Ended Six Months Ended 2022 2021 2022 2021 Exchange traded futures and options Revenues $ 2,714 $ (14,622) $ (31) $ (56,536) Forwards Revenues 6,880 3,521 4,267 4,641 Exchange trade futures and options Costs of goods sold 27,355 (3,996) (40,208) 7,041 Forwards Costs of goods sold (37,458) 6,987 (18,297) 4,513 Net gain (loss) recognized in income (loss) before income taxes $ (509) $ (8,110) $ (54,269) $ (40,341) The following amounts were recorded on the consolidated balance sheets related to cumulative basis adjustments for the fair value hedged items (in thousands): June 30, 2022 December 31, 2021 Line Item in the Consolidated Balance Sheet in Which the Hedged Item is Included Carrying Amount of the Hedged Assets Cumulative Amount of Fair Value Hedging Adjustment Included in the Carrying Amount of the Hedged Assets Carrying Amount of the Hedged Assets Cumulative Amount of Fair Value Hedging Adjustment Included in the Carrying Amount of the Hedged Assets Inventories $ 58,185 $ 3,118 $ 72,320 $ 6,291 Effect of Cash Flow and Fair Value Hedge Accounting on the Statements of Operations Location and Amount of Gain (Loss) Recognized in Income on Cash Flow and Fair Value Hedging Relationships for the Three Months Ended June 30, 2022 2021 Revenue Cost of Revenue Cost of Gain (loss) on cash flow hedging relationships: Commodity contracts: Amount of gain (loss) on exchange traded futures reclassified from accumulated other comprehensive income into income $ (1,111) $ (2,282) $ (23,692) $ 18,485 Gain (loss) on fair value hedging relationships: Commodity contracts: Fair-value hedged inventories — (8,550) — 10,406 Exchange traded futures designated as hedging instruments — 12,533 — (7,244) Total amounts of income and expense line items presented in the statement of operations in which the effects of cash flow or fair value hedges are recorded $ (1,111) $ 1,701 $ (23,692) $ 21,647 Location and Amount of Gain (Loss) Recognized in Income on Cash Flow and Fair Value Hedging Relationships for the Six Months Ended June 30, 2022 2021 Revenue Cost of Revenue Cost of Gain (loss) on cash flow hedging relationships: Commodity contracts: Amount of gain (loss) on exchange traded futures reclassified from accumulated other comprehensive income into income $ (1,739) $ 1,012 $ (38,880) $ 35,484 Gain (loss) on fair value hedging relationships: Commodity contracts: Fair-value hedged inventories — 9,836 — 18,373 Exchange traded futures designated as hedging instruments — (4,711) — (14,352) Total amounts of income and expense line items presented in the statement of operations in which the effects of cash flow or fair value hedges are recorded $ (1,739) $ 6,137 $ (38,880) $ 39,505
Open Position Derivative Financial Instruments	The notional volume of open commodity derivative positions as of June 30, 2022, are as follows (in thousands): Exchange Traded (1) Non-Exchange Traded (2) Derivative Net Long & Long (Short) Unit of Commodity Futures (40,390) Bushels Corn Futures 6,930 (3) Bushels Corn Futures (4,475) (4) Bushels Corn Futures (62,118) Gallons Ethanol Futures (23,058) (3) Gallons Ethanol Futures 3,143 MmBTU Natural Gas Futures 7,680 (3) MmBTU Natural Gas Futures (4,555) (4) MmBTU Natural Gas Forwards 43,502 (18) Bushels Corn Forwards — (285,395) Gallons Ethanol Forwards 136 (395) Tons Distillers Grains Forwards — (83,308) Pounds Corn Oil Forwards 27,116 (87) MmBTU Natural Gas (1) Notional volume of exchange traded futures and options are presented on a net long and (short) position basis. Options are presented on a delta-adjusted basis. (2) Notional volume of non-exchange traded forward physical contracts are presented on a gross long and (short) position basis including both fixed-price and basis contracts, for which only the basis portion of the contract price is fixed. (3) Notional volume of exchange traded futures used for cash flow hedges. (4) Notional volume of exchange traded futures used for fair value hedges.

Debt (Tables)

Debt (Tables)	6 Months Ended
Debt (Tables)	Jun. 30, 2022
Debt Disclosure [Abstract]
Components of Long-Term Debt	The components of long-term debt are as follows (in thousands): June 30, 2022 December 31, 2021 Corporate: 2.25% convertible notes due 2027 (1) $ 230,000 $ 230,000 4.00% convertible notes due 2024 (2) 64,000 64,000 4.125% convertible notes due 2022 (3) 34,316 34,316 Green Plains SPE LLC: $125.0 million junior secured mezzanine notes due 2026 (4) 125,000 125,000 Green Plains Wood River and Green Plains Shenandoah: $75.0 million delayed draw loan agreement (5) 75,000 30,000 Green Plains Partners: $60.0 million term loan (6) (7) 58,969 60,000 Other 15,313 15,531 Total book value of long-term debt 602,598 558,847 Unamortized debt issuance costs (8,407) (9,556) Less: current maturities of long-term debt (99,164) (35,285) Total long-term debt $ 495,027 $ 514,006 (1) Includes $5.9 million and $6.5 million of unamortized debt issuance costs as of June 30, 2022 and December 31, 2021, respectively. (2) Includes $1.0 million and $1.2 million of unamortized debt issuance costs as of June 30, 2022 and December 31, 2021, respectively. Subsequent to June 30, 2022, the 2024 notes were converted into shares of common stock of the Company. (3) Includes $31 thousand and 0.1 million of unamortized debt issuance costs as of June 30, 2022 and December 31, 2021, respectively. (4) Includes $0.8 million and $0.9 million of unamortized debt issuance costs as of June 30, 2022 and December 31, 2021, respectively. (5) Includes $0.3 million of unamortized debt issuance costs as of both June 30, 2022 and December 31, 2021, respectively. (6) Includes $0.5 million of unamortized debt issuance costs as of both June 30, 2022 and December 31, 2021, respectively.
Components of Short-term Notes Payable and Other Borrowings	The components of short-term notes payable and other borrowings are as follows (in thousands): June 30, 2022 December 31, 2021 Green Plains Finance Company, Green Plains Grain and Green Plains Trade: $350.0 million revolver $ 280,000 $ — Green Plains Commodity Management: $40.0 million hedge line 10,913 16,210 Green Plains Trade: $300.0 million revolver — 137,208 Green Plains Grain: $100.0 million revolver — 20,000 $50.0 million inventory financing 17,492 — $ 308,405 $ 173,418

Stock-Based Compensation (Table

Stock-Based Compensation (Tables)	6 Months Ended
Stock-Based Compensation (Tables)	Jun. 30, 2022
Share-Based Payment Arrangement [Abstract]
Non-Vested Stock Award and Deferred Stock Unit Activity	The non-vested stock award and deferred stock unit activity for the six months ended June 30, 2022, is as follows: Non-Vested Weighted- Weighted-Average Non-Vested at December 31, 2021 793,337 $ 14.64 Granted 288,130 30.15 Forfeited (5,954) 20.12 Vested (275,440) 15.69 Non-Vested at June 30, 2022 800,073 $ 19.82 2.2
Non-Vested Performance Share Award Activity	The non-vested performance share award activity for the six months ended June 30, 2022, is as follows: Performance Weighted- Weighted-Average Non-Vested at December 31, 2021 486,155 $ 13.93 Granted 146,589 29.47 Vested (149,933) 15.31 Non-Vested at June 30, 2022 482,811 $ 18.22 2.3

Earnings Per Share (Tables)

Earnings Per Share (Tables)	6 Months Ended
Earnings Per Share (Tables)	Jun. 30, 2022
Earnings Per Share [Abstract]
Basic and Diluted Earnings Per Share	The basic and diluted EPS are calculated as follows (in thousands): Three Months Ended Six Months Ended 2022 2021 2022 2021 EPS - basic: Net income (loss) attributable to Green Plains $ 46,398 $ 9,743 $ (15,076) $ 3,198 Weighted average shares outstanding - basic 53,033 45,425 52,960 41,581 EPS - basic $ 0.87 $ 0.21 $ (0.28) $ 0.08 EPS - diluted: Net income (loss) attributable to Green Plains $ 46,398 $ 9,743 $ (15,076) $ 3,198 Interest and amortization on convertible debt, net of tax effect: 4.125% convertible notes due 2022 314 — — — 4.00% convertible notes due 2024 596 577 — — 2.25% convertible notes due 2027 1,261 1,216 — — Net income (loss) attributable to Green Plains - diluted $ 48,569 $ 11,536 $ (15,076) $ 3,198 Weighted average shares outstanding - basic 53,033 45,425 52,960 41,581 Effect of dilutive convertible debt: 4.125% convertible notes due 2022 1,226 — — — 4.00% convertible notes due 2024 4,106 4,106 — — 2.25% convertible notes due 2027 7,273 7,273 — — Effect of dilutive warrants 757 669 — 345 Effect of dilutive stock-based compensation awards 500 698 — 749 Weighted average shares outstanding - diluted 66,895 58,171 52,960 42,675 EPS - diluted $ 0.73 $ 0.20 $ (0.28) $ 0.07 Anti-dilutive weighted-average convertible debt, warrants and stock-based compensation (1) — 1,226 13,853 10,233

Stockholders' Equity (Tables)

Stockholders' Equity (Tables)	6 Months Ended
Stockholders' Equity (Tables)	Jun. 30, 2022
Stockholders' Equity Note [Abstract]
Schedule of Stockholders' Equity	Components of stockholders’ equity for the three and six months ended June 30, 2022 and 2021 are as follows (in thousands): Common Stock Additional Retained Accum. Other Treasury Stock Total Non- Total Shares Amount Shares Amount Balance, December 31, 2021 61,840 $ 62 $ 1,069,573 $ (15,199) $ (12,310) 8,244 $ (91,626) $ 950,500 $ 151,519 $ 1,102,019 Net income (loss) — — — (61,474) — — — (61,474) 5,602 (55,872) Distributions declared — — — — — — — — (5,122) (5,122) Other comprehensive income (loss) before reclassification — — — — 5,386 — — 5,386 — 5,386 Amounts reclassified from accumulated other comprehensive income (loss) — — — — (1,965) — — (1,965) — (1,965) Other comprehensive income (loss), net of tax — — — — 3,421 — — 3,421 — 3,421 Investment in subsidiary — — — — — — — — 24 24 Stock-based compensation 226 — (1,922) — — — — (1,922) 59 (1,863) Balance, March 31, 2022 62,066 $ 62 $ 1,067,651 $ (76,673) $ (8,889) 8,244 $ (91,626) $ 890,525 $ 152,082 $ 1,042,607 Net income — — — 46,398 — — — 46,398 6,322 52,720 Distributions declared — — — — — — — — (8,098) (8,098) Other comprehensive income (loss) before reclassification — — — — (10,535) — — (10,535) — (10,535) Amounts reclassified from accumulated other comprehensive income (loss) — — — — 2,515 — — 2,515 — 2,515 Other comprehensive income (loss), net of tax — — — — (8,020) — — (8,020) — (8,020) Investment in subsidiary — — — — — — — — 190 190 Stock-based compensation 21 — 2,270 — — — — 2,270 60 2,330 Balance, June 30, 2022 62,087 $ 62 $ 1,069,921 $ (30,275) $ (16,909) 8,244 $ (91,626) $ 931,173 $ 150,556 $ 1,081,729 Common Stock Additional Retained Accum. Other Treasury Stock Total Non- Total Shares Amount Shares Amount Balance, December 31, 2020 47,471 $ 47 $ 691,393 $ 50,793 $ (2,172) 11,813 $ (131,287) $ 608,774 $ 129,812 $ 738,586 Net income (loss) — — — (6,545) — — — (6,545) 4,566 (1,979) Distributions declared — — — — — — — — (1,395) (1,395) Other comprehensive income (loss) before reclassification — — — — (4,849) — — (4,849) — (4,849) Amounts reclassified from accumulated other comprehensive income (loss) — — — — (1,377) — — (1,377) — (1,377) Other comprehensive income (loss), net of tax — — — — (6,226) — — (6,226) — (6,226) Investment in subsidiaries — — — — — — — — 3,330 3,330 Issuance of warrants — — 3,431 — — — — 3,431 (3,431) — Issuance of common stock for cash at $23.00 per share, net of fees 8,752 9 191,125 — — — — 191,134 — 191,134 Stock-based compensation 230 — (3,000) — — — — (3,000) 79 (2,921) Balance, March 31, 2021 56,453 $ 56 $ 882,949 $ 44,248 $ (8,398) 11,813 $ (131,287) $ 787,568 $ 132,961 $ 920,529 Net income (loss) — $ — $ — $ 9,743 $ — — $ — $ 9,743 $ 6,374 $ 16,117 Distributions declared — $ — $ — $ — $ — — $ — $ — $ (1,395) $ (1,395) Other comprehensive income (loss) before reclassification — $ — $ — $ — $ 5,131 — $ — $ 5,131 $ — $ 5,131 Amounts reclassified from accumulated other comprehensive income (loss) — $ — $ — $ — $ 3,961 — $ — $ 3,961 $ — $ 3,961 Other comprehensive income (loss), net of tax — $ — $ — $ — $ 9,092 — $ — $ 9,092 $ — $ 9,092 Exchange of 4.00% convertible notes due 2024 — $ — $ 17,679 $ — $ — (3,569) $ 39,661 $ 57,340 $ — $ 57,340 Acquisition of FQT — $ — $ — $ — $ — — $ — $ — $ 1,861 $ 1,861 Warrant liability — $ — $ — $ — $ — — $ — $ — $ 1,278 $ 1,278 Stock-based compensation (20) $ 4 $ 324 $ — $ — — $ — $ 328 $ 80 $ 408 Balance, June 30, 2021 56,433 $ 60 $ 900,952 $ 53,991 $ 694 8,244 $ (91,626) $ 864,071 $ 141,159 $ 1,005,230
Reclassification From Accumulated Other Comprehensive Income (Loss)	Amounts reclassified from accumulated other comprehensive income are as follows (in thousands): Three Months Ended Six Months Ended Statements of 2022 2021 2022 2021 Gains (losses) on cash flow hedges: Commodity derivatives $ (1,111) $ (23,692) $ (1,739) $ (38,880) (1) Commodity derivatives (2,282) 18,485 1,012 35,484 (2) Total losses on cash flow hedges (3,393) (5,207) (727) (3,396) (3) Income tax benefit 878 1,246 177 812 (4) Amounts reclassified from accumulated other comprehensive loss $ (2,515) $ (3,961) $ (550) $ (2,584) (1) Revenues (2) Costs of goods sold (3) Income (loss) before income taxes and income (loss) from equity method investees (4) Income tax benefit (expense)

Commitments and Contingencies (

Commitments and Contingencies (Tables)	6 Months Ended
Commitments and Contingencies (Tables)	Jun. 30, 2022
Commitments and Contingencies Disclosure [Abstract]
Components of Lease Expense	The components of lease expense are as follows (in thousands): Three Months Ended Six Months Ended 2022 2021 2022 2021 Lease expense Operating lease expense $ 5,390 $ 4,908 $ 10,388 $ 9,842 Variable lease expense (1) 226 522 405 591 Total lease expense $ 5,616 $ 5,430 $ 10,793 $ 10,433 (1) Represents amounts incurred in excess of the minimum payments required for a certain building lease and for the handling and unloading of railcars for a certain land lease, offset by railcar lease abatements provided by the lessor when railcars are out of service during periods of maintenance or upgrade.
Supplemental Cash Flow Information Related to Operating Leases	Supplemental cash flow information related to operating leases is as follows (in thousands): Three Months Ended Six Months Ended 2022 2021 2022 2021 Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows from operating leases $ 5,029 $ 4,814 $ 9,874 $ 9,646 Right-of-use assets obtained in exchange for lease obligations: Operating leases 7,013 4,308 11,723 10,772 Right-of-use assets and lease obligations derecognized due to lease modifications: Operating leases — — — 51
Supplemental Balance Sheet Information Related to Operating Leases	Supplemental balance sheet information related to operating leases is as follows: June 30, 2022 December 31, 2021 Weighted average remaining lease term 5.3 years 5.5 years Weighted average discount rate 4.04 % 4.16 %
Aggregate Minimum Lease Payments	Aggregate minimum lease payments under the operating lease agreements for the remainder of 2022 and in future years are as follows (in thousands): Year Ending December 31, Amount 2022 $ 10,455 2023 18,907 2024 16,365 2025 11,996 2026 6,098 Thereafter 14,834 Total 78,655 Less: Present value discount (8,891) Lease liabilities $ 69,764

Basis of Presentation, Descri_3

Basis of Presentation, Description of Business and Summary of Significant Accounting Policies - Narrative (Details) $ in Thousands	6 Months Ended
	Jun. 30, 2022 USD ($) segment	Dec. 31, 2021 USD ($)
Variable Interest Entity [Line Items]
Total assets	$ 2,296,008	$ 2,159,755
Total liabilities	$ 1,214,279	1,057,736
Number of operating segments \| segment	3
Green Plains Partners L.P.
Variable Interest Entity [Line Items]
Total assets	$ 100,100	100,300
Total liabilities	$ 113,400	$ 111,400
IPO \| Limited Partner
Variable Interest Entity [Line Items]
Ownership interest, percentage	48.90%
IPO \| Limited Partner \| Parent Company
Variable Interest Entity [Line Items]
Ownership interest, public, percentage	49.10%
IPO \| General Partner \| Parent Company
Variable Interest Entity [Line Items]
Ownership interest, percentage	2%

Revenue - Disaggregation of Rev

Revenue - Disaggregation of Revenue by Major Source (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Disaggregation of Revenue [Line Items]
Total revenues from contracts with customers	$ 19,250	$ 21,630	$ 42,266	$ 31,751
Total revenues from contracts accounted for as derivatives	993,144	702,777	1,751,563	1,246,256
Leasing revenues under ASC 842	0	11	0	51
Total Revenues	1,012,394	724,418	1,793,829	1,278,058
Ethanol
Disaggregation of Revenue [Line Items]
Total revenues from contracts with customers	0	0	0	0
Total revenues from contracts accounted for as derivatives	782,673	552,523	1,350,255	918,020
Distillers grains
Disaggregation of Revenue [Line Items]
Total revenues from contracts with customers	9,401	4,425	16,763	8,038
Total revenues from contracts accounted for as derivatives	151,608	104,480	265,246	209,413
Corn oil
Disaggregation of Revenue [Line Items]
Total revenues from contracts with customers	0	0	0	0
Total revenues from contracts accounted for as derivatives	53,507	33,124	96,802	52,475
Service revenues
Disaggregation of Revenue [Line Items]
Total revenues from contracts with customers	2,459	2,621	7,204	4,241
Grain
Disaggregation of Revenue [Line Items]
Total revenues from contracts accounted for as derivatives		10,798		22,968
Other
Disaggregation of Revenue [Line Items]
Total revenues from contracts with customers	7,390	14,584	18,299	19,472
Total revenues from contracts accounted for as derivatives	5,356	1,852	39,260	43,380
Ethanol Production
Disaggregation of Revenue [Line Items]
Total revenues from contracts with customers	16,677	18,254	37,400	26,492
Total revenues from contracts accounted for as derivatives	844,489	537,019	1,461,319	952,503
Total Revenues	861,166	555,273	1,498,719	978,995
Agribusiness & Energy Services
Disaggregation of Revenue [Line Items]
Total revenues from contracts with customers	1,895	2,217	3,183	3,043
Total revenues from contracts accounted for as derivatives	155,664	171,270	303,088	304,388
Total Revenues	157,559	173,487	306,271	307,431
Partnership
Disaggregation of Revenue [Line Items]
Total revenues from contracts with customers	2,965	3,331	5,855	6,394
Total revenues from contracts accounted for as derivatives	0	0	0	0
Total Revenues	19,654	19,701	38,754	40,107
Operating Segments
Disaggregation of Revenue [Line Items]
Total Revenues	1,038,379	748,461	1,843,744	1,326,533
Operating Segments \| Ethanol Production
Disaggregation of Revenue [Line Items]
Leasing revenues under ASC 842	0	0	0	0
Total Revenues	861,166	555,273	1,498,719	978,995
Operating Segments \| Ethanol Production \| Ethanol
Disaggregation of Revenue [Line Items]
Total revenues from contracts with customers	0	0	0	0
Total revenues from contracts accounted for as derivatives	644,641	413,592	1,116,563	703,177
Operating Segments \| Ethanol Production \| Distillers grains
Disaggregation of Revenue [Line Items]
Total revenues from contracts with customers	9,401	4,425	16,763	8,038
Total revenues from contracts accounted for as derivatives	143,435	95,465	241,947	191,159
Operating Segments \| Ethanol Production \| Corn oil
Disaggregation of Revenue [Line Items]
Total revenues from contracts with customers	0	0	0	0
Total revenues from contracts accounted for as derivatives	51,956	25,349	92,845	39,889
Operating Segments \| Ethanol Production \| Service revenues
Disaggregation of Revenue [Line Items]
Total revenues from contracts with customers	1,547	1,462	5,287	2,025
Operating Segments \| Ethanol Production \| Grain
Disaggregation of Revenue [Line Items]
Total revenues from contracts accounted for as derivatives		0		0
Operating Segments \| Ethanol Production \| Other
Disaggregation of Revenue [Line Items]
Total revenues from contracts with customers	5,729	12,367	15,350	16,429
Total revenues from contracts accounted for as derivatives	4,457	2,613	9,964	18,278
Operating Segments \| Agribusiness & Energy Services
Disaggregation of Revenue [Line Items]
Leasing revenues under ASC 842	0	0	0	0
Total Revenues	150,316	167,975	293,193	296,796
Operating Segments \| Agribusiness & Energy Services \| Ethanol
Disaggregation of Revenue [Line Items]
Total revenues from contracts with customers	0	0	0	0
Total revenues from contracts accounted for as derivatives	138,032	138,931	233,692	214,843
Operating Segments \| Agribusiness & Energy Services \| Distillers grains
Disaggregation of Revenue [Line Items]
Total revenues from contracts with customers	0	0	0	0
Total revenues from contracts accounted for as derivatives	8,173	9,015	23,299	18,254
Operating Segments \| Agribusiness & Energy Services \| Corn oil
Disaggregation of Revenue [Line Items]
Total revenues from contracts with customers	0	0	0	0
Total revenues from contracts accounted for as derivatives	1,551	7,775	3,957	12,586
Operating Segments \| Agribusiness & Energy Services \| Service revenues
Disaggregation of Revenue [Line Items]
Total revenues from contracts with customers	0	0	0	0
Operating Segments \| Agribusiness & Energy Services \| Grain
Disaggregation of Revenue [Line Items]
Total revenues from contracts accounted for as derivatives		10,798		22,968
Operating Segments \| Agribusiness & Energy Services \| Other
Disaggregation of Revenue [Line Items]
Total revenues from contracts with customers	1,661	2,217	2,949	3,043
Total revenues from contracts accounted for as derivatives	899	(761)	29,296	25,102
Operating Segments \| Partnership
Disaggregation of Revenue [Line Items]
Leasing revenues under ASC 842	16,689	16,370	32,899	33,713
Total Revenues	912	1,170	1,917	2,267
Operating Segments \| Partnership \| Ethanol
Disaggregation of Revenue [Line Items]
Total revenues from contracts with customers	0	0	0	0
Total revenues from contracts accounted for as derivatives	0	0	0	0
Operating Segments \| Partnership \| Distillers grains
Disaggregation of Revenue [Line Items]
Total revenues from contracts with customers	0	0	0	0
Total revenues from contracts accounted for as derivatives	0	0	0	0
Operating Segments \| Partnership \| Corn oil
Disaggregation of Revenue [Line Items]
Total revenues from contracts with customers	0	0	0	0
Total revenues from contracts accounted for as derivatives	0	0	0	0
Operating Segments \| Partnership \| Service revenues
Disaggregation of Revenue [Line Items]
Total revenues from contracts with customers	912	1,159	1,917	2,216
Operating Segments \| Partnership \| Grain
Disaggregation of Revenue [Line Items]
Total revenues from contracts accounted for as derivatives		0		0
Operating Segments \| Partnership \| Other
Disaggregation of Revenue [Line Items]
Total revenues from contracts with customers	0	0	0	0
Total revenues from contracts accounted for as derivatives	0	0	0	0
Intersegment Eliminations
Disaggregation of Revenue [Line Items]
Total revenues from contracts with customers	(2,287)	(2,172)	(4,172)	(4,178)
Total revenues from contracts accounted for as derivatives	(7,009)	(5,512)	(12,844)	(10,635)
Leasing revenues under ASC 842	(16,689)	(16,359)	(32,899)	(33,662)
Total Revenues	(25,985)	(24,043)	(49,915)	(48,475)
Intersegment Eliminations \| Ethanol
Disaggregation of Revenue [Line Items]
Total revenues from contracts with customers	0	0	0	0
Total revenues from contracts accounted for as derivatives	0	0	0	0
Intersegment Eliminations \| Distillers grains
Disaggregation of Revenue [Line Items]
Total revenues from contracts with customers	0	0	0	0
Total revenues from contracts accounted for as derivatives	0	0	0	0
Intersegment Eliminations \| Corn oil
Disaggregation of Revenue [Line Items]
Total revenues from contracts with customers	0	0	0	0
Total revenues from contracts accounted for as derivatives	0	0	0	0
Intersegment Eliminations \| Service revenues
Disaggregation of Revenue [Line Items]
Total revenues from contracts with customers	0	0	0	0
Intersegment Eliminations \| Grain
Disaggregation of Revenue [Line Items]
Total revenues from contracts accounted for as derivatives		0		0
Intersegment Eliminations \| Other
Disaggregation of Revenue [Line Items]
Total revenues from contracts with customers	0	0	0	0
Total revenues from contracts accounted for as derivatives	0	0	0	0
Intersegment Eliminations \| Ethanol Production
Disaggregation of Revenue [Line Items]
Total revenues from contracts with customers	0	0	0	0
Total revenues from contracts accounted for as derivatives	0	0	0	0
Total Revenues	0	0	0	0
Intersegment Eliminations \| Agribusiness & Energy Services
Disaggregation of Revenue [Line Items]
Total revenues from contracts with customers	(234)	0	(234)	0
Total revenues from contracts accounted for as derivatives	(7,009)	(5,512)	(12,844)	(10,635)
Total Revenues	(7,243)	(5,512)	(13,078)	(10,635)
Intersegment Eliminations \| Partnership
Disaggregation of Revenue [Line Items]
Total revenues from contracts with customers	(2,053)	(2,172)	(3,938)	(4,178)
Total revenues from contracts accounted for as derivatives	0	0	0	0
Total Revenues	$ (18,742)	$ (18,531)	$ (36,837)	$ (37,840)

Revenue - Narrative (Details)

Revenue - Narrative (Details) - Revenue Benchmark - Customer Concentration Risk	3 Months Ended	6 Months Ended
	Jun. 30, 2022	Jun. 30, 2022
Customer A
Disaggregation of Revenue [Line Items]
Concentration risk	14%	12%
Customer B
Disaggregation of Revenue [Line Items]
Concentration risk	12%	10%

Disposition - Narrative (Detail

Disposition - Narrative (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
Disposition - Narrative (Details) - USD ($) $ in Thousands	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021	Mar. 22, 2021
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Gain on disposal of assets	$ 0	$ (3,825)	$ 0	$ 33,068
Ord Ethanol Plant
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Consideration					$ 64,000
Working capital					9,800
Gain on disposal of assets				$ 35,900
Partnership \| Ord Ethanol Plant
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Consideration					$ 27,500

Fair Value Disclosures - Assets

Fair Value Disclosures - Assets and Liabilities at Fair Value (Details) - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021
Assets:
Cash and cash equivalents	$ 508,151	$ 426,220
Restricted cash	71,128	134,739
Inventories carried at market	58,185	72,320
Derivative financial instruments - assets	40,474	26,738
Other assets	164	119
Total assets measured at fair value	678,102	660,136
Liabilities:
Accounts payable	8,356	12,617
Accrued and other liabilities	3,021	3,260
Derivative financial instruments - liabilities	49,959	26,117
Other liabilities	6,553	7,788
Total liabilities measured at fair value	67,889	49,782
Potential Earn-Out Payments
Liabilities:
Accrued and other liabilities	3,000	3,300
Other liabilities	6,500	7,600
Quoted Prices in ‎ Active Markets for ‎Identical Assets (Level 1)
Assets:
Cash and cash equivalents	508,151	426,220
Restricted cash	71,128	134,739
Inventories carried at market	0	0
Derivative financial instruments - assets	0	0
Other assets	110	111
Total assets measured at fair value	579,389	561,070
Liabilities:
Accounts payable	0	0
Accrued and other liabilities	0	0
Derivative financial instruments - liabilities	0	0
Other liabilities	0	0
Total liabilities measured at fair value	0	0
Significant Other ‎Observable Inputs (Level 2)
Assets:
Cash and cash equivalents	0	0
Restricted cash	0	0
Inventories carried at market	58,185	72,320
Derivative financial instruments - assets	40,474	26,738
Other assets	54	8
Total assets measured at fair value	98,713	99,066
Liabilities:
Accounts payable	8,356	12,617
Accrued and other liabilities	3,021	3,260
Derivative financial instruments - liabilities	49,959	26,117
Other liabilities	6,553	7,788
Total liabilities measured at fair value	$ 67,889	$ 49,782

Fair Value Disclosures - Narrat

Fair Value Disclosures - Narrative (Details) - USD ($) $ in Millions	Jun. 30, 2022	Dec. 31, 2021
Fair Value Disclosures [Abstract]
Fair value of debt	$ 984.4	$ 891.1
Book value of debt	902.6	722.7
Marketable securities	25	124.9
Fair value of accounts receivable	$ 158.4	$ 120

Segment Information - Narrative

Segment Information - Narrative (Details)	6 Months Ended
Segment Information - Narrative (Details)	Jun. 30, 2022 segment
Segment Reporting [Abstract]
Number of operating segments	3

Segment Information - Financial

Segment Information - Financial Data of Operating Segments (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Segment Reporting Information [Line Items]
Revenues	$ 1,012,394	$ 724,418	$ 1,793,829	$ 1,278,058
Cost of goods sold	921,314	639,408	1,693,823	1,148,641
Gross margin	91,080	85,010	100,006	129,417
Operating income (loss)	33,841	31,033	(14,061)	62,380
Gain (loss) on sale of assets	0	(3,825)	0	33,068
Depreciation and amortization	20,967	20,532	41,366	41,213
Operating Segments
Segment Reporting Information [Line Items]
Revenues	1,038,379	748,461	1,843,744	1,326,533
Intersegment Eliminations
Segment Reporting Information [Line Items]
Revenues	(25,985)	(24,043)	(49,915)	(48,475)
Cost of goods sold	(27,163)	(24,429)	(50,653)	(46,795)
Gross margin	(1,178)	(386)	(738)	(1,680)
Operating income (loss)	(1,178)	(386)	(738)	(1,680)
Corporate Activities
Segment Reporting Information [Line Items]
Operating income (loss)	(17,228)	(13,961)	(35,749)	13,555
Gain (loss) on sale of assets		(3,800)		33,100
Depreciation and amortization	560	659	1,165	1,318
Ethanol Production
Segment Reporting Information [Line Items]
Revenues	861,166	555,273	1,498,719	978,995
Ethanol Production \| Operating Segments
Segment Reporting Information [Line Items]
Revenues	861,166	555,273	1,498,719	978,995
Cost of goods sold	804,821	493,656	1,466,381	909,181
Gross margin	56,345	61,617	32,338	69,814
Operating income (loss)	27,506	33,543	(23,652)	13,223
Depreciation and amortization	19,114	18,483	37,546	37,011
Ethanol Production \| Intersegment Eliminations
Segment Reporting Information [Line Items]
Revenues	0	0	0	0
Agribusiness & Energy Services
Segment Reporting Information [Line Items]
Revenues	157,559	173,487	306,271	307,431
Agribusiness & Energy Services \| Operating Segments
Segment Reporting Information [Line Items]
Revenues	150,316	167,975	293,193	296,796
Cost of goods sold	143,656	170,181	278,095	286,255
Gross margin	13,903	3,306	28,176	21,176
Operating income (loss)	10,281	(851)	20,689	12,495
Depreciation and amortization	470	595	934	1,202
Agribusiness & Energy Services \| Intersegment Eliminations
Segment Reporting Information [Line Items]
Revenues	(7,243)	(5,512)	(13,078)	(10,635)
Partnership
Segment Reporting Information [Line Items]
Revenues	19,654	19,701	38,754	40,107
Partnership \| Operating Segments
Segment Reporting Information [Line Items]
Revenues	912	1,170	1,917	2,267
Gross margin	19,654	19,701	38,754	40,107
Operating income (loss)	12,104	11,916	23,913	24,787
Depreciation and amortization	823	795	1,721	1,682
Partnership \| Intersegment Eliminations
Segment Reporting Information [Line Items]
Revenues	$ (18,742)	$ (18,531)	$ (36,837)	$ (37,840)

Segment Information - Total Ass

Segment Information - Total Assets for Operating Segments (Details) - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021
Segment Reporting Information [Line Items]
Total assets	$ 2,296,008	$ 2,159,755
Operating Segments \| Ethanol Production
Segment Reporting Information [Line Items]
Total assets	1,121,570	1,101,151
Operating Segments \| Agribusiness & Energy Services
Segment Reporting Information [Line Items]
Total assets	593,413	487,164
Operating Segments \| Partnership
Segment Reporting Information [Line Items]
Total assets	100,106	100,349
Corporate assets
Segment Reporting Information [Line Items]
Total assets	488,944	524,206
Intersegment Eliminations
Segment Reporting Information [Line Items]
Total assets	$ (8,025)	$ (53,115)

Inventories - Narrative (Detail

Inventories - Narrative (Details) $ in Millions	Dec. 31, 2021 USD ($)
Inventory Disclosure [Abstract]
Lower of cost or market adjustment	$ 0

Inventories - Components of Inv

Inventories - Components of Inventories (Details) - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021
Inventory Disclosure [Abstract]
Finished goods	$ 138,806	$ 91,448
Commodities held for sale	23,715	72,320
Raw materials	90,068	50,604
Work-in-process	25,177	19,783
Supplies and parts	37,274	33,683
Inventories	$ 315,040	$ 267,838

Derivative Financial Instrume_3

Derivative Financial Instruments - Narrative (Details) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021	Dec. 31, 2021
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Accumulated other comprehensive loss	$ 16,909,000		$ 16,909,000		$ 12,310,000
Gain or loss from discontinuing cash flow hedge treatment	0	$ 0	0	$ 0
Gain or loss from discontinuing fair value hedge treatment	0	0	0	0
Energy trading contracts, gain (loss)	$ 400,000	$ 24,000	$ 1,200,000	$ 500,000

Derivative Financial Instrume_4

Derivative Financial Instruments - Fair Value of Derivative Financial Instruments (Details) - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
	Jun. 30, 2022	Dec. 31, 2021
Derivatives, Fair Value [Line Items]
Asset Derivatives, Fair Value	$ 40,528	$ 26,746
Liability Derivatives, Fair Value	50,030	26,313
Net unrealized gains on exchange traded futures and options contracts included in balance sheet	19,900
Net unrealized losses on derivative financial instruments	11,600	1,300
Net unrealized losses on exchange traded futures and options contracts		17,100
Fair Value Hedging
Derivatives, Fair Value [Line Items]
Unrealized gains (loss) on derivative financial instruments designated as fair value instruments	14,800	(500)
Derivative Financial Instruments, Assets
Derivatives, Fair Value [Line Items]
Asset Derivatives, Fair Value	40,474	26,738
Derivative Financial Instruments, Liabilities
Derivatives, Fair Value [Line Items]
Liability Derivatives, Fair Value	49,959	26,117
Other assets
Derivatives, Fair Value [Line Items]
Asset Derivatives, Fair Value	54	8
Other liabilities
Derivatives, Fair Value [Line Items]
Liability Derivatives, Fair Value	$ 71	$ 196

Derivative Financial Instrume_5

Derivative Financial Instruments - Gain (Loss) in Statement of Financial Performance (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021	Dec. 31, 2021
Derivative Instruments, Gain (Loss) [Line Items]
Location of Gain (Loss) Reclassified from Accumulated Other Comprehensive Income into Income	$ (3,393)	$ (5,207)	$ (727)	$ (3,396)
Carrying Amount of the Hedged Assets	58,185		58,185		$ 72,320
Cumulative Amount of Fair Value Hedging Adjustment Included in the Carrying Amount of the Hedged Assets	3,118		3,118		$ 6,291
Not Designated as Hedging Instrument
Derivative Instruments, Gain (Loss) [Line Items]
Location of Gain (Loss) Recognized in Income on Derivatives	(509)	(8,110)	(54,269)	(40,341)
Revenues
Derivative Instruments, Gain (Loss) [Line Items]
Location of Gain (Loss) Reclassified from Accumulated Other Comprehensive Income into Income	(1,111)	(23,692)	(1,739)	(38,880)
Total amounts of income and expense line items presented in the statement of operations in which the effects of cash flow or fair value hedges are recorded	(1,111)	(23,692)	(1,739)	(38,880)
Cost of goods sold
Derivative Instruments, Gain (Loss) [Line Items]
Location of Gain (Loss) Reclassified from Accumulated Other Comprehensive Income into Income	(2,282)	18,485	1,012	35,484
Total amounts of income and expense line items presented in the statement of operations in which the effects of cash flow or fair value hedges are recorded	1,701	21,647	6,137	39,505
Commodity contracts
Derivative Instruments, Gain (Loss) [Line Items]
Gain (Loss) Recognized in Other Comprehensive Income on Derivatives	(14,114)	6,747	(6,807)	371
Commodity contracts \| Revenues
Derivative Instruments, Gain (Loss) [Line Items]
Gains (losses) on fair value hedging relationships	0	0	0	0
Commodity contracts \| Cost of goods sold
Derivative Instruments, Gain (Loss) [Line Items]
Gains (losses) on fair value hedging relationships	(8,550)	10,406	9,836	18,373
Exchange traded futures and options \| Revenues \| Not Designated as Hedging Instrument
Derivative Instruments, Gain (Loss) [Line Items]
Location of Gain (Loss) Recognized in Income on Derivatives	2,714	(14,622)	(31)	(56,536)
Exchange traded futures and options \| Cost of goods sold \| Not Designated as Hedging Instrument
Derivative Instruments, Gain (Loss) [Line Items]
Location of Gain (Loss) Recognized in Income on Derivatives	27,355	(3,996)	(40,208)	7,041
Forwards \| Revenues \| Not Designated as Hedging Instrument
Derivative Instruments, Gain (Loss) [Line Items]
Location of Gain (Loss) Recognized in Income on Derivatives	6,880	3,521	4,267	4,641
Forwards \| Cost of goods sold \| Not Designated as Hedging Instrument
Derivative Instruments, Gain (Loss) [Line Items]
Location of Gain (Loss) Recognized in Income on Derivatives	(37,458)	6,987	(18,297)	4,513
Exchange Future \| Revenues
Derivative Instruments, Gain (Loss) [Line Items]
Location of Gain (Loss) Reclassified from Accumulated Other Comprehensive Income into Income	(1,111)	(23,692)	(1,739)	(38,880)
Gains (losses) on fair value hedging relationships	0	0	0	0
Exchange Future \| Cost of goods sold
Derivative Instruments, Gain (Loss) [Line Items]
Location of Gain (Loss) Reclassified from Accumulated Other Comprehensive Income into Income	(2,282)	18,485	1,012	35,484
Gains (losses) on fair value hedging relationships	$ 12,533	$ (7,244)	$ (4,711)	$ (14,352)

Derivative Financial Instrume_6

Derivative Financial Instruments - Open Position Derivative Financial Instruments (Details) contract in Thousands	Jun. 30, 2022 contract
Corn \| Exchange Traded \| Long \| Cash Flow Hedging \| Futures
Derivative [Line Items]
Open commodity derivative positions, long (short) (in contracts)	6,930
Corn \| Exchange Traded \| Short \| Futures
Derivative [Line Items]
Open commodity derivative positions, long (short) (in contracts)	40,390
Corn \| Exchange Traded \| Short \| Fair Value Hedging \| Futures
Derivative [Line Items]
Open commodity derivative positions, long (short) (in contracts)	4,475
Corn \| Non-Exchange Traded \| Long \| Forwards
Derivative [Line Items]
Open commodity derivative positions, long (short) (in contracts)	43,502
Corn \| Non-Exchange Traded \| Short \| Forwards
Derivative [Line Items]
Open commodity derivative positions, long (short) (in contracts)	18
Ethanol \| Exchange Traded \| Short \| Futures
Derivative [Line Items]
Open commodity derivative positions, long (short) (in contracts)	62,118
Ethanol \| Exchange Traded \| Short \| Cash Flow Hedging \| Futures
Derivative [Line Items]
Open commodity derivative positions, long (short) (in contracts)	23,058
Ethanol \| Non-Exchange Traded \| Long \| Forwards
Derivative [Line Items]
Open commodity derivative positions, long (short) (in contracts)	0
Ethanol \| Non-Exchange Traded \| Short \| Forwards
Derivative [Line Items]
Open commodity derivative positions, long (short) (in contracts)	285,395
Natural Gas \| Exchange Traded \| Long \| Futures
Derivative [Line Items]
Open commodity derivative positions, long (short) (in contracts)	3,143
Natural Gas \| Exchange Traded \| Long \| Cash Flow Hedging \| Futures
Derivative [Line Items]
Open commodity derivative positions, long (short) (in contracts)	7,680
Natural Gas \| Exchange Traded \| Short \| Fair Value Hedging \| Futures
Derivative [Line Items]
Open commodity derivative positions, long (short) (in contracts)	4,555
Natural Gas \| Non-Exchange Traded \| Long \| Forwards
Derivative [Line Items]
Open commodity derivative positions, long (short) (in contracts)	27,116
Natural Gas \| Non-Exchange Traded \| Short \| Forwards
Derivative [Line Items]
Open commodity derivative positions, long (short) (in contracts)	87
Distillers Grains in Tons \| Non-Exchange Traded \| Long \| Forwards
Derivative [Line Items]
Open commodity derivative positions, long (short) (in contracts)	136
Distillers Grains in Tons \| Non-Exchange Traded \| Short \| Forwards
Derivative [Line Items]
Open commodity derivative positions, long (short) (in contracts)	395
Corn Oil \| Non-Exchange Traded \| Long \| Forwards
Derivative [Line Items]
Open commodity derivative positions, long (short) (in contracts)	0
Corn Oil \| Non-Exchange Traded \| Short \| Forwards
Derivative [Line Items]
Open commodity derivative positions, long (short) (in contracts)	83,308

Debt - Components of Long-Term

Debt - Components of Long-Term Debt (Details) - USD ($) $ in Thousands	Jun. 30, 2022	May 25, 2022	Feb. 11, 2022	Dec. 31, 2021	Jun. 30, 2021	May 31, 2021	May 18, 2021	Mar. 31, 2021	Feb. 09, 2021	Jun. 30, 2019	May 31, 2019	Aug. 31, 2016
Debt Instrument [Line Items]
Total book value of long-term debt	$ 602,598			$ 558,847
Unamortized debt issuance costs	8,407			9,556
Less: current maturities of long-term debt	(99,164)			(35,285)
Total long-term debt	$ 495,027			514,006
Convertible Notes \| 2.25% Convertible Notes Due 2027 \| Corporate Activities
Debt Instrument [Line Items]
Interest rate, stated percentage	2.25%							2.25%
Face amount								$ 230,000
Total book value of long-term debt	$ 230,000			230,000
Unamortized debt issuance costs	$ 5,900			6,500
Convertible Notes \| 4.00% Convertible Notes Due 2024 \| Corporate Activities
Debt Instrument [Line Items]
Interest rate, stated percentage	4%				4%	4%	4%			4%	4%
Face amount		$ 64,000								$ 115,000
Total book value of long-term debt	$ 64,000			64,000
Unamortized debt issuance costs	$ 1,000			1,200
Convertible Notes \| 4.125% Convertible Notes Due 2022 \| Corporate Activities
Debt Instrument [Line Items]
Interest rate, stated percentage	4.125%				4.125%							4.125%
Face amount												$ 170,000
Total book value of long-term debt	$ 34,316			34,316
Unamortized debt issuance costs	31			100
Other Debt Obligations
Debt Instrument [Line Items]
Total book value of long-term debt	$ 15,313			15,531
Green Plains SPE LLC \| $125.0 Million Junior Secured Mezzanine Notes Due 2026
Debt Instrument [Line Items]
Interest rate, stated percentage	11.75%
Face amount	$ 125,000								$ 125,000
Total book value of long-term debt	125,000			125,000
Unamortized debt issuance costs	$ 800			900
Green Plains Wood River and Green Plains Shenandoah \| $75.0 Million Delayed Draw Loan Agreement
Debt Instrument [Line Items]
Interest rate, stated percentage	5.02%
Face amount	$ 75,000
Total book value of long-term debt	75,000			30,000
Unamortized debt issuance costs	300			300
Partnership \| $60.0 Million Term Loan
Debt Instrument [Line Items]
Total book value of long-term debt	58,969			60,000
Debt instrument, debt purchased			$ 1,000
Credit Facility \| Partnership
Debt Instrument [Line Items]
Face amount	60,000
Unamortized debt issuance costs	$ 500			$ 500

Debt - Components of Short-term

Debt - Components of Short-term Notes Payable and Other Borrowings (Details) - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021
Debt Instrument [Line Items]
Short-term notes payable and other borrowings	$ 308,405	$ 173,418
$350.0 million revolver
Debt Instrument [Line Items]
Face amount	350,000
Short-term notes payable and other borrowings	280,000	0
Green Plains Commodity Management \| $40.0 million hedge line
Debt Instrument [Line Items]
Face amount	40,000
Short-term notes payable and other borrowings	10,913	16,210
Green Plains Trade \| $300.0 million revolver
Debt Instrument [Line Items]
Face amount	300,000
Short-term notes payable and other borrowings	0	137,208
Green Plains Grain \| $100.0 million revolver
Debt Instrument [Line Items]
Face amount	100,000
Short-term notes payable and other borrowings	0	20,000
Green Plains Grain \| $50.0 million inventory financing
Debt Instrument [Line Items]
Face amount	50,000
Short-term notes payable and other borrowings	$ 17,492	$ 0

Debt - Corporate Activities Nar

Debt - Corporate Activities Narrative (Details) $ / shares in Units, $ in Thousands				1 Months Ended				3 Months Ended	6 Months Ended
	Jul. 08, 2022 USD ($) shares	Mar. 25, 2022	May 18, 2021 USD ($) shares	May 31, 2021 USD ($) shares	Mar. 31, 2021 USD ($) day $ / shares	Jun. 30, 2019 USD ($) $ / shares	Aug. 31, 2016 USD ($) $ / shares	Jun. 30, 2021 USD ($)	Jun. 30, 2022 USD ($)	Jun. 30, 2021 USD ($)	May 25, 2022 USD ($)	May 31, 2019
Debt Instrument [Line Items]
Loss on extinguishment debt									$ 0	$ 31,636
Debt amount converted									$ 0	$ 51,000
Corporate Activities
Debt Instrument [Line Items]
Loss on extinguishment debt					$ 22,100
Unamortized debt issuance costs					1,200
4.00% Convertible Notes Due 2024 \| Convertible Notes \| Corporate Activities
Debt Instrument [Line Items]
Face amount						$ 115,000					$ 64,000
Interest rate, stated percentage			4%	4%		4%		4%	4%	4%		4%
Convertible rate		6.64178%				6.4154%
Debt conversion price (in dollars per share) \| $ / shares						$ 15.59
Common stock for conversion (in shares) \| shares			3,568,705	3,568,705
Debt conversion amount			$ 51,000	$ 51,000
Loss on extinguishment debt								$ 9,500
Debt issuance costs								$ 1,200		$ 1,200
4.00% Convertible Notes Due 2024 \| Convertible Notes \| Corporate Activities \| Subsequent Event
Debt Instrument [Line Items]
Common stock for conversion (in shares) \| shares	4,300,000
Debt amount converted	$ 64,000
4.125% Convertible Notes Due 2022 \| Convertible Notes \| Corporate Activities
Debt Instrument [Line Items]
Face amount							$ 170,000
Interest rate, stated percentage							4.125%	4.125%	4.125%	4.125%
Convertible rate							3.57143%
Debt conversion price (in dollars per share) \| $ / shares							$ 28
Debt conversion price percentage							140%
Principal amount of notes, percentage							100%
Outstanding amount repurchased					135,700
2.25% Convertible Notes Due 2027 \| Convertible Notes \| Corporate Activities
Debt Instrument [Line Items]
Face amount					$ 230,000
Interest rate, stated percentage					2.25%				2.25%
Convertible rate					3.16206%
Debt conversion price (in dollars per share) \| $ / shares					$ 31.62
Debt conversion price percentage					37.50%
Percent of excess of applicable conversion price					140%
Convertible threshold trading days (in days) \| day					20
Consecutive convertible threshold trading days (in days) \| day					30
Redemption price, percentage					100%
Percent of principal amount, cash price for repurchase					100%
Net proceeds from debt					$ 156,500

Debt - Agribusiness And Energy

Debt - Agribusiness And Energy Services Segment Narrative (Details) - USD ($) $ in Thousands		6 Months Ended
	Mar. 25, 2022	Jun. 30, 2022	Dec. 31, 2021
Debt Instrument [Line Items]
Short-term note payable		$ 308,405	$ 173,418
Agribusiness & Energy Services \| Green Plains Commodity Management
Debt Instrument [Line Items]
Short-term note payable		10,900
Agribusiness & Energy Services \| Green Plains Commodity Management \| Revolving Credit Facility
Debt Instrument [Line Items]
Line of credit, maximum borrowing capacity		$ 40,000
Agribusiness & Energy Services \| Green Plains Commodity Management \| Revolving Credit Facility \| LIBOR
Debt Instrument [Line Items]
Interest rate, basis spread on variable rate, percentage		1.75%
$350.0 million revolver
Debt Instrument [Line Items]
Face amount		$ 350,000
Short-term note payable		$ 280,000	0
$350.0 million revolver \| Agribusiness & Energy Services
Debt Instrument [Line Items]
Minimum current ratio required		1
Minimum collateral coverage ratio required		1.20
Maximum debt to capitalization ratio required		0.60
$350.0 million revolver \| Agribusiness & Energy Services \| Credit Facility
Debt Instrument [Line Items]
Debt instrument, term	5 years
Line of credit, maximum borrowing capacity	$ 350,000
$350.0 million revolver \| Agribusiness & Energy Services \| Revolving Credit Facility
Debt Instrument [Line Items]
Line of credit, maximum borrowing capacity		$ 350,000
Additional amounts available under facility, accordion feature		$ 100,000
$350.0 million revolver \| Agribusiness & Energy Services \| Revolving Credit Facility \| Minimum
Debt Instrument [Line Items]
Unused capacity fee, percentage		0.275%
Change in control percentage benchmark		(0.025%)
$350.0 million revolver \| Agribusiness & Energy Services \| Revolving Credit Facility \| Minimum \| Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate
Debt Instrument [Line Items]
Interest rate, basis spread on variable rate, percentage		2.25%
$350.0 million revolver \| Agribusiness & Energy Services \| Revolving Credit Facility \| Minimum \| Base Rate
Debt Instrument [Line Items]
Interest rate, basis spread on variable rate, percentage		1.25%
$350.0 million revolver \| Agribusiness & Energy Services \| Revolving Credit Facility \| Maximum
Debt Instrument [Line Items]
Unused capacity fee, percentage		0.375%
Change in control percentage benchmark		0.10%
$350.0 million revolver \| Agribusiness & Energy Services \| Revolving Credit Facility \| Maximum \| Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate
Debt Instrument [Line Items]
Interest rate, basis spread on variable rate, percentage		2.50%
$350.0 million revolver \| Agribusiness & Energy Services \| Revolving Credit Facility \| Maximum \| Base Rate
Debt Instrument [Line Items]
Interest rate, basis spread on variable rate, percentage		1.50%
$50.0 million inventory financing \| Green Plains Grain
Debt Instrument [Line Items]
Face amount		$ 50,000
Variable interest rate		4.66%
Short-term note payable		$ 17,492	$ 0

Debt - Ethanol Production Segme

Debt - Ethanol Production Segment, Partnership Segment, Covenant Compliance, and Restricted Net Assets Narrative (Details)		6 Months Ended
	Jul. 20, 2021 USD ($)	Jun. 30, 2022 USD ($) $ / gal	Feb. 11, 2022 USD ($)	Feb. 09, 2021 USD ($)
Debt Instrument [Line Items]
Amount of restricted net assets		$ 109,500,000
BlackRock \| Partnership \| Credit Facility
Debt Instrument [Line Items]
Debt instrument, debt purchased			$ 1,000,000
$125.0 Million Junior Secured Mezzanine Notes Due 2026 \| Green Plains SPE LLC
Debt Instrument [Line Items]
Face amount		$ 125,000,000		$ 125,000,000
Interest rate, stated percentage		11.75%
Debt instrument, term		42 months
Prepayment premium amount		$ 0
$125.0 Million Junior Secured Mezzanine Notes Due 2026 \| Green Plains SPE LLC \| Elect To Pay In Cash
Debt Instrument [Line Items]
Interest rate, basis spread on variable rate, percentage		6%
$125.0 Million Junior Secured Mezzanine Notes Due 2026 \| Green Plains SPE LLC \| Paid In Kind
Debt Instrument [Line Items]
Interest rate, basis spread on variable rate, percentage		6.75%
$75.0 Million Delayed Draw Loan Agreement \| Green Plains Wood River and Green Plains Shenandoah
Debt Instrument [Line Items]
Face amount		$ 75,000,000
Interest rate, stated percentage		5.02%
Interest rate premium		1.50%
Annual principal payments		$ 1,500,000
Months before first payment after closing		24 months
Minimum loan to value ratio, percent		50%
Fixed charge coverage ratio		1.25
Debt service reserve term of future payments		6 months
Minimum working capital required for compliance, per gallon (in dollars per gallon) \| $ / gal		0.10
Minimum working capital required for compliance		$ 95,800,000
$75.0 Million Delayed Draw Loan Agreement \| Green Plains Wood River and Green Plains Shenandoah \| Minimum
Debt Instrument [Line Items]
Unused capacity fee, percentage		0%
$75.0 Million Delayed Draw Loan Agreement \| Green Plains Wood River and Green Plains Shenandoah \| Maximum
Debt Instrument [Line Items]
Unused capacity fee, percentage		1.50%
$60.0 Million Term Loan \| Partnership
Debt Instrument [Line Items]
Face amount	$ 60,000,000
Option to prepay per quarter, amount	$ 1,500,000
Option for prepayment, period after closing date	12 months
$60.0 Million Term Loan \| Minimum \| Partnership
Debt Instrument [Line Items]
Minimum debt service coverage ratio		1.10
$60.0 Million Term Loan \| Maximum \| Partnership
Debt Instrument [Line Items]
Maximum consolidated leverage ratio		2.50
$60.0 Million Term Loan \| LIBOR \| Partnership
Debt Instrument [Line Items]
Interest rate, basis spread on variable rate, percentage	8%
$60.0 Million Term Loan \| LIBOR \| Minimum \| Partnership
Debt Instrument [Line Items]
Interest rate, basis spread on variable rate, percentage	0%

Stock-Based Compensation - Narr

Stock-Based Compensation - Narrative (Details) - USD ($) $ in Millions		3 Months Ended		6 Months Ended
	Feb. 19, 2022	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021	Dec. 31, 2021
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares authorized		5,700,000		5,700,000
Number of shares remaining available		1,600,000		1,600,000
Compensation costs expensed		$ 2.4	$ 1.1	$ 4.3	$ 2
Unrecognized compensation costs		$ 17.9		$ 17.9
Compensation expected to be recognized, weighted-average period in years				2 years 2 months 12 days
Potential tax benefit, percentage				21.60%
Green Plains Partners Long-Term Incentive Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares authorized		2,500,000		2,500,000
Performance Shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Non-vested, shares outstanding (in shares)		482,811		482,811		486,155
Vested (in shares)				149,933
Performance Shares \| Share-based Compensation Award, Tranche One
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Target percentage				100%
Number of Shares authorized, achievement of maximum goals				1,210,935
Achievement of maximum goals percentage				251%
Non-vested, shares outstanding (in shares)		482,811		482,811
Performance Shares \| Share-based Compensation Award, Tranche Two
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Target percentage				100%
Vested (in shares)	149,933
Vested target percentage	75%
Issuance of common stock (in shares)	112,450

Stock-Based Compensation - Non-

Stock-Based Compensation - Non-Vested Stock Award and Deferred Stock Unit Activity (Details) - Restricted Stock Awards And Deferred Stock Units	6 Months Ended
	Jun. 30, 2022 $ / shares shares
Non-Vested ‎ Shares and ‎ Deferred Stock ‎Units
Non-vested, beginning balance (in shares) \| shares	793,337
Granted (in shares) \| shares	288,130
Forfeited (in shares) \| shares	(5,954)
Vested (in shares) \| shares	(275,440)
Non-vested, ending balance (in shares) \| shares	800,073
Weighted- ‎Average Grant- ‎Date Fair Value
Non-vested, beginning balance (in dollars per share) \| $ / shares	$ 14.64
Granted (in dollars per share) \| $ / shares	30.15
Forfeited (in dollars per share) \| $ / shares	20.12
Vested (in dollars per share) \| $ / shares	15.69
Non-vested, ending balance (in dollars per share) \| $ / shares	$ 19.82
Non-vested, weighted-average remaining vesting term (in years)	2 years 2 months 12 days

Stock-Based Compensation - No_2

Stock-Based Compensation - Non-Vested Performance Share Award Activity (Details) - Performance Shares	6 Months Ended
	Jun. 30, 2022 $ / shares shares
Performance ‎Shares
Non-vested, beginning balance (in shares) \| shares	486,155
Granted (in shares) \| shares	146,589
Vested (in shares) \| shares	(149,933)
Non-vested, ending balance (in shares) \| shares	482,811
Weighted- ‎Average Grant- ‎Date Fair Value
Non-vested, beginning balance (in dollars per share) \| $ / shares	$ 13.93
Granted (in dollars per share) \| $ / shares	29.47
Vested (in dollars per share) \| $ / shares	15.31
Non-vested, ending balance (in dollars per share) \| $ / shares	$ 18.22
Non-vested, weighted-average remaining vesting term (in years)	2 years 3 months 18 days

Earnings Per Share (Details)

Earnings Per Share (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021	May 31, 2021	May 18, 2021	Mar. 31, 2021	Jun. 30, 2019	May 31, 2019	Aug. 31, 2016
EPS - basic:
Net income (loss) attributable to Green Plains	$ 46,398	$ 9,743	$ (15,076)	$ 3,198
Weighted average shares outstanding - basic (in shares)	53,033	45,425	52,960	41,581
EPS - basic (in dollars per share)	$ 0.87	$ 0.21	$ (0.28)	$ 0.08
EPS - diluted:
Net income (loss) attributable to Green Plains	$ 46,398	$ 9,743	$ (15,076)	$ 3,198
Net income (loss) attributable to Green Plains - diluted	$ 48,569	$ 11,536	$ (15,076)	$ 3,198
Effect of dilutive convertible debt:
Weighted average shares outstanding - diluted (in shares)	66,895	58,171	52,960	42,675
EPS - diluted (in dollars per share)	$ 0.73	$ 0.20	$ (0.28)	$ 0.07
Anti-dilutive weighted-average convertible debt, warrants and stock-based compensation (in shares)	0	1,226	13,853	10,233
Warrants
Effect of dilutive convertible debt:
Effect of dilutive debt, warrants, stock based compensation awards awards (in shares)	757	669	0	345
Share-Based Payment Arrangement
Effect of dilutive convertible debt:
Effect of dilutive debt, warrants, stock based compensation awards awards (in shares)	500	698	0	749
4.125% Convertible Notes Due 2022 \| Convertible Notes \| Corporate Activities
Earnings Per Share, Diluted, by Common Class, Including Two Class Method [Line Items]
Interest rate, stated percentage	4.125%	4.125%	4.125%	4.125%						4.125%
EPS - diluted:
Convertible notes	$ 314	$ 0	$ 0	$ 0
Effect of dilutive convertible debt:
Effect of dilutive debt, warrants, stock based compensation awards awards (in shares)	1,226	0	0	0
4.00% Convertible Notes Due 2024 \| Convertible Notes \| Corporate Activities
Earnings Per Share, Diluted, by Common Class, Including Two Class Method [Line Items]
Interest rate, stated percentage	4%	4%	4%	4%	4%	4%		4%	4%
EPS - diluted:
Convertible notes	$ 596	$ 577	$ 0	$ 0
Effect of dilutive convertible debt:
Effect of dilutive debt, warrants, stock based compensation awards awards (in shares)	4,106	4,106	0	0
2.25% Convertible Notes Due 2027 \| Convertible Notes \| Corporate Activities
Earnings Per Share, Diluted, by Common Class, Including Two Class Method [Line Items]
Interest rate, stated percentage	2.25%		2.25%				2.25%
EPS - diluted:
Convertible notes	$ 1,261	$ 1,216	$ 0	$ 0
Effect of dilutive convertible debt:
Effect of dilutive debt, warrants, stock based compensation awards awards (in shares)	7,273	7,273	0	0

Stockholders' Equity - Narrativ

Stockholders' Equity - Narrative (Details) - USD ($) $ / shares in Units, $ in Thousands				1 Months Ended	3 Months Ended	6 Months Ended
	Aug. 09, 2021	May 18, 2021	Mar. 01, 2021	May 31, 2021	Mar. 31, 2021	Jun. 30, 2022	Dec. 31, 2021	Jun. 30, 2021	Jun. 30, 2019	May 31, 2019
Class of Stock [Line Items]
Common stock, par value (in dollars per share)						$ 0.001	$ 0.001
Issuance of common stock					$ 191,134
Number of shares of common stock reserved for exercise of warrants, exercisable						2,275,000
Common Stock
Class of Stock [Line Items]
Issuance of common stock (in shares)	5,462,500		8,751,500		8,752,000
Common stock, par value (in dollars per share)	$ 0.001		$ 0.001
Issuance of common stock (in dollars per share)	$ 32		$ 23		$ 23
Issuance of common stock	$ 164,900		$ 191,100		$ 9
Warrants
Class of Stock [Line Items]
Number of shares of common stock reserved for exercise of warrants						2,550,000
Remaining warrants (in shares)						275,000
Remaining warrants, contingent upon certain earn-out provisions, exercisable (in shares)						83,333
Remaining warrants, contingent upon certain earn-out provisions (in shares)						191,667
Exercise price (in dollars per share)						$ 22
Exercise Price One \| Warrants
Class of Stock [Line Items]
Number of shares of common stock reserved for exercise of warrants						275,000
Exercise Price Two \| Warrants
Class of Stock [Line Items]
Number of shares of common stock reserved for exercise of warrants						275,000
Exercise Price Three \| Warrants
Class of Stock [Line Items]
Number of shares of common stock reserved for exercise of warrants						2,000,000
Convertible Notes \| 4.00% Convertible Notes Due 2024 \| Corporate Activities
Class of Stock [Line Items]
Interest rate, stated percentage		4%		4%		4%		4%	4%	4%
Debt conversion amount		$ 51,000		$ 51,000
Common stock for conversion (in shares)		3,568,705		3,568,705
Implied price (in dollars per share)		$ 26.80

Stockholders' Equity - Schedule

Stockholders' Equity - Schedule of Stockholders' Equity (Details) - USD ($) $ / shares in Units, $ in Thousands			3 Months Ended				6 Months Ended
	Aug. 09, 2021	Mar. 01, 2021	Jun. 30, 2022	Mar. 31, 2022	Jun. 30, 2021	Mar. 31, 2021	Jun. 30, 2022	Jun. 30, 2021	May 31, 2021	May 18, 2021	Jun. 30, 2019	May 31, 2019
Stockholders' Equity [Line Items]
Beginning balance			$ 1,042,607	$ 1,102,019	$ 920,529	$ 738,586	$ 1,102,019	$ 738,586
Treasury stock, beginning balance (in shares)				8,244,456			8,244,456
Net income (loss)			52,720	$ (55,872)	16,117	(1,979)	$ (3,152)	14,138
Distributions declared			(8,098)	(5,122)	(1,395)	(1,395)
Other comprehensive income (loss) before reclassification			(10,535)	5,386	5,131	(4,849)
Amounts reclassified from accumulated other comprehensive income (loss)			2,515	(1,965)	3,961	(1,377)	550	2,584
Other comprehensive income (loss), net of tax			(8,020)	3,421	9,092	(6,226)	$ (4,599)	2,866
Redemption/Exchange of 4.00% convertible notes due 2024					57,340
Acquisition of FQT					1,861
Warrant liability					1,278
Investment in subsidiary			190	24		3,330
Issuance of warrants						0
Issuance of common stock for cash at $23.00 per share, net of fees						191,134
Stock-based compensation			$ 2,330	(1,863)		(2,921)
Stock-based compensation					408
Treasury stock, ending balance (in shares)			8,244,456				8,244,456
Ending balance			$ 1,081,729	1,042,607	$ 1,005,230	920,529	$ 1,081,729	$ 1,005,230
Corporate Activities \| 4.00% Convertible Notes Due 2024 \| Convertible Notes
Stockholders' Equity [Line Items]
Interest rate, stated percentage			4%		4%		4%	4%	4%	4%	4%	4%
Total Green Plains Stockholders' Equity
Stockholders' Equity [Line Items]
Beginning balance			$ 890,525	950,500	$ 787,568	608,774	$ 950,500	$ 608,774
Net income (loss)			46,398	(61,474)	9,743	(6,545)
Other comprehensive income (loss) before reclassification			(10,535)	5,386	5,131	(4,849)
Amounts reclassified from accumulated other comprehensive income (loss)			2,515	(1,965)	3,961	(1,377)
Other comprehensive income (loss), net of tax			(8,020)	3,421	9,092	(6,226)
Redemption/Exchange of 4.00% convertible notes due 2024					57,340
Issuance of warrants						3,431
Issuance of common stock for cash at $23.00 per share, net of fees						191,134
Stock-based compensation			2,270	(1,922)		(3,000)
Stock-based compensation					328
Ending balance			$ 931,173	$ 890,525	$ 864,071	$ 787,568	$ 931,173	$ 864,071
Common Stock
Stockholders' Equity [Line Items]
Common stock, beginning balance (shares)			62,066,000	61,840,000	56,453,000	47,471,000	61,840,000	47,471,000
Beginning balance			$ 62	$ 62	$ 56	$ 47	$ 62	$ 47
Issuance of common stock for cash at $23.00 per share, net of fees (in shares)	5,462,500	8,751,500				8,752,000
Issuance of common stock for cash at $23.00 per share, net of fees	$ 164,900	$ 191,100				$ 9
Issuance of common stock (in dollars per share)	$ 32	$ 23				$ 23
Stock-based compensation (in shares)			21,000	226,000	(20,000)	230,000
Stock-based compensation					$ 4
Common stock, ending balance (shares)			62,087,000	62,066,000	56,433,000	56,453,000	62,087,000	56,433,000
Ending balance			$ 62	$ 62	$ 60	$ 56	$ 62	$ 60
Additional Paid-in Capital
Stockholders' Equity [Line Items]
Beginning balance			1,067,651	1,069,573	882,949	691,393	1,069,573	691,393
Redemption/Exchange of 4.00% convertible notes due 2024					17,679
Issuance of warrants						3,431
Issuance of common stock for cash at $23.00 per share, net of fees						191,125
Stock-based compensation			2,270	(1,922)		(3,000)
Stock-based compensation					324
Ending balance			1,069,921	1,067,651	900,952	882,949	1,069,921	900,952
Retained Earnings (Deficit)
Stockholders' Equity [Line Items]
Beginning balance			(76,673)	(15,199)	44,248	50,793	(15,199)	50,793
Net income (loss)			46,398	(61,474)	9,743	(6,545)
Ending balance			(30,275)	(76,673)	53,991	44,248	(30,275)	53,991
Accum. Other Comp. Income (Loss)
Stockholders' Equity [Line Items]
Beginning balance			(8,889)	(12,310)	(8,398)	(2,172)	(12,310)	(2,172)
Other comprehensive income (loss) before reclassification			(10,535)	5,386	5,131	(4,849)
Amounts reclassified from accumulated other comprehensive income (loss)			2,515	(1,965)	3,961	(1,377)
Other comprehensive income (loss), net of tax			(8,020)	3,421	9,092	(6,226)
Ending balance			(16,909)	(8,889)	694	(8,398)	(16,909)	694
Treasury Stock
Stockholders' Equity [Line Items]
Beginning balance			$ (91,626)	$ (91,626)	$ (131,287)	$ (131,287)	$ (91,626)	$ (131,287)
Treasury stock, beginning balance (in shares)			8,244,000	8,244,000	11,813,000	11,813,000	8,244,000	11,813,000
Redemption/Exchange of 4.00% convertible notes due 2024 (in shares)					(3,569,000)
Redemption/Exchange of 4.00% convertible notes due 2024					$ 39,661
Treasury stock, ending balance (in shares)			8,244,000	8,244,000	8,244,000	11,813,000	8,244,000	8,244,000
Ending balance			$ (91,626)	$ (91,626)	$ (91,626)	$ (131,287)	$ (91,626)	$ (91,626)
Non- Controlling Interests
Stockholders' Equity [Line Items]
Beginning balance			152,082	151,519	132,961	129,812	151,519	129,812
Net income (loss)			6,322	5,602	6,374	4,566
Distributions declared			(8,098)	(5,122)	(1,395)	(1,395)
Acquisition of FQT					1,861
Warrant liability					1,278
Investment in subsidiary			190	24		3,330
Issuance of warrants						(3,431)
Stock-based compensation			60	59		79
Stock-based compensation					80
Ending balance			$ 150,556	$ 152,082	$ 141,159	$ 132,961	$ 150,556	$ 141,159

Stockholders' Equity - Reclassi

Stockholders' Equity - Reclassification From Accumulated Other Comprehensive Income (Loss) (Details) - USD ($) $ in Thousands	3 Months Ended				6 Months Ended
	Jun. 30, 2022	Mar. 31, 2022	Jun. 30, 2021	Mar. 31, 2021	Jun. 30, 2022	Jun. 30, 2021
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Revenues	$ 1,012,394		$ 724,418		$ 1,793,829	$ 1,278,058
Income tax expense (benefit)	2,895		(4,783)		1,742	(2,921)
Net income (loss)	52,720	$ (55,872)	16,117	$ (1,979)	(3,152)	14,138
Amounts Reclassified from Accumulated Other Comprehensive Income (Loss)
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Income tax expense (benefit)	878		1,246		177	812
Net income (loss)	(2,515)		(3,961)		(550)	(2,584)
Amounts Reclassified from Accumulated Other Comprehensive Income (Loss) \| Accumulated Net Gain (Loss) from Cash Flow Hedges Including Portion Attributable to Noncontrolling Interest
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Income (loss) before income taxes and income from equity method investees	(3,393)		(5,207)		(727)	(3,396)
Amounts Reclassified from Accumulated Other Comprehensive Income (Loss) \| Commodity contracts \| Accumulated Net Gain (Loss) from Cash Flow Hedges Including Portion Attributable to Noncontrolling Interest
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Revenues	(1,111)		(23,692)		(1,739)	(38,880)
Cost of goods sold	$ (2,282)		$ 18,485		$ 1,012	$ 35,484

Income Taxes (Details)

Income Taxes (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
Income Taxes (Details) - USD ($) $ in Thousands	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Income Tax Disclosure [Abstract]
Income tax expense (benefit)	$ 2,895	$ (4,783)	$ 1,742	$ (2,921)

Commitments and Contingencies -

Commitments and Contingencies - Narrative (Details) $ in Millions	3 Months Ended	6 Months Ended
	Jun. 30, 2022 USD ($)	Jun. 30, 2022 USD ($)
Trading Activity, Gains and Losses, Net [Line Items]
Contracted future purchases	$ 511.9	$ 511.9
Future commitments for storage and transportation value		$ 25.6
Proceeds from cash grant, CARES Act	$ 27.7
Minimum
Trading Activity, Gains and Losses, Net [Line Items]
Operating lease remaining lease term	1 year	1 year
Maximum
Trading Activity, Gains and Losses, Net [Line Items]
Operating lease remaining lease term	15 years 4 months 24 days	15 years 4 months 24 days

Commitments and Contingencies_2

Commitments and Contingencies - Components of Lease Expense (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Commitments and Contingencies Disclosure [Abstract]
Operating lease expense	$ 5,390	$ 4,908	$ 10,388	$ 9,842
Variable lease expense	226	522	405	591
Total lease expense	$ 5,616	$ 5,430	$ 10,793	$ 10,433

Commitments and Contingencies_3

Commitments and Contingencies - Supplemental Cash Flow Information Related To Operating Leases (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Commitments and Contingencies Disclosure [Abstract]
Cash paid for amounts included in the measurement of lease liabilities: Operating cash flow from operating leases	$ 5,029	$ 4,814	$ 9,874	$ 9,646
Right-of-use assets obtained in exchange for lease obligations: Operating leases	7,013	4,308	11,723	10,772
Right-of-use assets and lease obligations derecognized due to lease modifications: Operating leases	$ 0	$ 0	$ 0	$ 51

Commitments and Contingencies_4

Commitments and Contingencies - Supplemental Balance Sheet Information Related to Operating Leases (Details)	Jun. 30, 2022	Dec. 31, 2021
Commitments and Contingencies Disclosure [Abstract]
Weighted average remaining lease term	5 years 3 months 18 days	5 years 6 months
Weighted average discount rate	4.04%	4.16%

Commitments and Contingencies_5

Commitments and Contingencies - Aggregate Minimum Lease Payments (Details) $ in Thousands	Jun. 30, 2022 USD ($)
Commitments and Contingencies Disclosure [Abstract]
2022	$ 10,455
2023	18,907
2024	16,365
2025	11,996
2026	6,098
Thereafter	14,834
Total	78,655
Less: Present value discount	(8,891)
Lease liabilities	$ 69,764