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Green Plains Partners LP
8/11/2025
will be provided for Q&A. At this time, all participants are in a listen-only mode. I'll now turn the call over to your host, Bill Boggs, Chief Financial Officer. Mr. Boggs, please go ahead.
Thank you, and good morning, everyone. Welcome to the Green Plains, Inc. Second Quarter 2025 Earnings Call. Joining me on today's call are members of our Executive Committee, Michelle Mapes, Interim Principal Executive Officer and Chief Legal and Administration Officer, Jamie Herbert, Chief Human Resources Officer. Chris Osowski, Executive Vice President, Operations and Technology. Imre Havasi, Senior Vice President, Head of Trading and Commercial Operations. We're also pleased to have our chairman, Jim Anderson, join us today to provide brief comments on board level alignment around our strategy and outlook. There is a slide presentation available and you can find it on the investor page under the events and presentations link on our website. During this call, we will be making forward-looking statements, which are predictions, projections, or other statements about future events. These statements are based on current expectations and assumptions that are subject to risks and uncertainties. Actual results could materially differ because of factors discussed in today's press release, in the comments made during this conference call, and in the risk factors section of our Form 10-Q and other reports and filings with the Securities and Exchange Commission. We do not undertake any duty to update any forward-looking statement. And now with that, I'd like to turn the call over to Jim Anderson.
Thank you, Phil. Hello to all. Thank you for joining our call. Q2 has been an active quarter. The team has been adjusting the Green Plains asset base, which has required exiting some activity and assets that are not consistent with our plan. We've also adjusted our SG&A expense, which is never easy, but has to be done. Our go-to-market strategy has also changed. The execution of the company's plan is centered on changes to our culture, which starts with a continued focus on operating safely, followed by a laser focus at fast-acting, numbers-driven decision-making process. This new culture demands top-shelf, real-time communication so everyone in the company is clear on the results and the strategy and tactics we're using to deliver our strategy. The board has been very impressed with the leadership of the executive team and the speed and effort the entire Green Plains company has used to deliver on these positive changes. The company's daily and weekly reporting structure zeroes in on the most critical measurements for every area of the company. The critical measurements of the company we use to assess our progress have shown material improvement. I want to formally thank all of the Green Plains team for their daily engagement and the pride they have in their company and each other. There have also been several market changes, including government policy, which have improved our prospects. Finally, I want to report on the CEO search process. The NOMGOV committee and the rest of the board have spent significant time on this process and are in the final stages of our CEO search. It is our expectation that we'll be in a position to announce our new CEO in the very near term. I'm pleased to hand the call over to Michelle Mapes to begin a review of a quarter.
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