GPP News and Press, Green Plains Partners LP From 04/22/20

Ethanol logistics MLP Green Plains Partners (GPP) made the decision earlier this week to reduce its distribution by 75%. The new quarterly distribution of $0.12/unit will provide investors with the ~10% distribution yield that was on offer up until the MLP's price collapsed last month. The...

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OMAHA, Neb., April 16, 2020 (GLOBE NEWSWIRE) -- Green Plains Partners LP (NASDAQ:GPP) announced today that the board of directors of its general partner reduced the quarterly cash distribution by 75% to $0.12 per unit on all of its outstanding common units, or $0.48 per unit on an annualize...

The governors of five states have asked the Trump administration for a nationwide waiver exempting the oil refining industry from U.S. biofuel laws to help it survive the current demand meltdown, Reuters reports. More news on: Valero Energy Corporation, Marathon Petroleum Corporation, Ph...

Ethanol producers continued to face extreme headwinds last week as ethanol prices continued their march downward, sliding another 11% between Monday and Friday. To put matters in perspective, Friday's price of $0.71/gallon was just over 50% below the lowest price recorded during the depths o...

The U.S. 10th Circuit Court of Appeals yesterday rejected a request for a rehearing from oil refiners HollyFrontier (NYSE: HFC ) and CVR Energy (NYSE: CVI ) seeking to challenge the court's January ruling that the Environmental Protection Agency had issued biofuel waivers inappropriat...

The operating environment for corn ethanol producers is fast becoming catastrophic. 90% of Americans now find themselves under "stay-at-home" orders from their local governments. Many of the remaining 10% are likewise engaged in strict social distancing measures in accordance with White Hou...

New data from the U.S. Energy Information Administration [EIA] confirms what the markets have been predicting for weeks: U.S. gasoline demand is in free-fall as Americans respond to the COVID-19 pandemic by remaining at home. Weekly consumption first began to decline for the period ending Ma...

The U.S. biofuel industry has asked the Trump administration for funds from the U.S. Department of Agriculture's Commodity Credit Corporation to help it survive a demand slump triggered by the coronavirus outbreak, Reuters reports. More news on: Green Plains Inc., Green Plains Partners L...

The ongoing COVID-19 pandemic and related U.S. social distancing measures have wreaked havoc on the market capitalizations of U.S. ethanol producers. While that of diversified producer The Andersons ( ANDE ) has held up relatively well, its less-diversified peers such as Green Plains, Inc. ...