Green Plains Renewable Energy, Inc. announced consolidated financial results for the first quarter ended March 31, 2013. Net income attributable to the company for the quarter was $2.6 million, or $0.08 per diluted share, compared to a net loss of $12.7 million, or $0.39 per basic and diluted share, for the same period in 2012. The first quarter of 2012 included a one-time charge of $2.4 million, after tax, or $0.08 per share, as a result of a legal settlement. Operating income was $12,704,000 against operating loss of $11,091,000 a year ago. Income before income taxes was $4,153,000 against loss before income taxes of $20,697,000 a year ago. Revenues were $765.5 million for the first quarter of 2013 compared to $775.4 million for the same period in 2012. First quarter 2013 EBITDA, which is defined as earnings before interest, income taxes, noncontrolling interests, depreciation and amortization, was $24.8 million compared to $1.5 million for the same period in 2012. Revenues decreased $9.9 million for the three months ended March 31, 2013 compared to the same period in 2012 as a result of lower grain and agronomy sales due to the sale of certain grain elevators during the fourth quarter of 2012 partially offset by higher average prices for ethanol and distillers grains. Capital expenditures were approximately $1.9 million. The company expects second quarter earnings will show further improvement compared to the first quarter of 2013. Effective tax rate for the first quarter was 38.5%. The company expects this rate to continue for the balance of 2013.

Green Plains Renewable Energy, Inc., Q1 2013 Earnings Call, May 01, 2013

Green Plains Renewable Energy, Inc., Annual General Meeting, May 08, 2013., at 10:00 Central Standard Time. Location: Hilton Omaha located at 1001 Cass Street. Agenda: To elect three directors to serve three-year terms that expire at the 2016 annual meeting; To approve an amendment to the company’s 2009 Equity Incentive Plan to remove certain repricing rights, increase the aggregate number of shares that may be issued under the Plan as stock-based awards from 2,500,000 to 3,000,000, and limit the situations in which shares are added back to the Plan; and to transact such other business as may properly come before the annual meeting or any adjournment or postponement thereof.