Exhibit 99.1

FOR IMMEDIATE RELEASE

Green Plains Reports Second Quarter 2016 Financial Results

• Net income attributable to the company of $8.2 million, or $0.21 per diluted share

• Company produced a record 274.3 million gallons of ethanol

OMAHA, Neb., Aug. 1, 2016 (GLOBE NEWSWIRE) – Green Plains Inc. (NASDAQ:GPRE) today announced financial results for the second quarter of 2016. Net income attributable to the company was $8.2 million, or $0.21 per diluted share, for the second quarter of 2016 compared with net income of $7.8 million, or $0.19 per diluted share, for the same period in 2015. Revenues were $887.7 million for the second quarter of 2016 compared with $744.5 million for the same period last year.

“We are pleased with our performance in the second quarter of 2016, which resulted in a $50 million increase of operating income compared with the first quarter,” said Todd Becker, president and chief executive officer. “Our agribusiness and marketing and distribution segments reported strong results and the partnership segment generated its best results since going public in June of 2015. During the second quarter of 2016, we produced record ethanol volumes and with the current ethanol margin environment, we expect stronger production levels in the last half of the year.”

During the second quarter, Green Plains produced 274.3 million gallons of ethanol compared with 238.7 million gallons for the same period in 2015. The consolidated ethanol crush margin was $45.3 million, or $0.17 per gallon, for the second quarter of 2016 compared with $46.5 million, or $0.20 per gallon, for the same period in 2015. The consolidated ethanol crush margin is the ethanol production segment’s operating income before depreciation and amortization, which includes corn oil production, plus intercompany storage, transportation and other fees, net of related expenses.

Revenues were $1.6 billion for the six-month period ended June 30, 2016, compared with $1.5 billion for the same period in 2015. Net loss for the six-month period ended June 30, 2016, was $(15.9) million, or $(0.42) per diluted share, compared with net income of $4.5 million, or $0.11 per diluted share, for the same period in 2015.

“Ethanol demand continues to grow, supported by a 3% growth in domestic ethanol consumption and a 6% increase in U.S. ethanol exports year-to-date,” commented Becker. “We continue to execute on our core strategy of capital allocation with an intense focus on growing our company, including both organic and acquisitive opportunities.”

Second Quarter Highlights

• During the second quarter of 2016, Green Plains repurchased 323,290 shares of common stock for approximately $6.0 million. To date, 514,990 shares of common stock have been repurchased for approximately $10.0 million under the company’s $100 million share repurchase program.

• On June 14, 2016, Green Plains and Jefferson Gulf Coast Energy Partners, a subsidiary of Fortress Transportation and Infrastructure Investors LLC, announced the formation of a 50/50 joint venture to construct and operate an intermodal export and import fuels terminal at Jefferson’s existing Beaumont, Texas terminal. The joint venture is expected to invest approximately $55 million in its Phase I development, focused initially on storage and throughput capabilities for multiple grades of ethanol. Green Plains will offer its interest in the joint venture to the partnership once commercial development is complete.

• On June 12, 2016, Green Plains entered into an asset purchase agreement with Abengoa Bioenergy of Illinois, LLC and Abengoa Bioenergy of Indiana, LLC to acquire two ethanol plants located in Madison, Ill. and Mount Vernon, Ind. for approximately $200 million in cash, plus certain inventory adjustments and liabilities. The two plants have combined annual production capacity of approximately 180 million gallons of ethanol. The sellers and other affiliates have pending cases under Chapter 11 of the U.S. Bankruptcy Code. The asset purchase agreement constitutes a stalking horse bid, which is subject to bidding procedures and receipt of higher or otherwise better bids at the proposed auction for the plants, and approval by the U.S. Bankruptcy Court. If Green Plains is not the successful bidder at the auction, the sellers must pay a break-up fee equal to $2.5 million per plant, plus reimbursement of expenses up to $500,000. Should Green Plains submit the winning bid, the company expects the transaction to close during the third quarter of 2016 and to offer the plants’ transportation and storage assets to the partnership.

1

Results of Operations

Consolidated revenues increased $143.2 million for the three months ended June 30, 2016, compared with the same period in 2015. Revenues from ethanol, corn oil and grain sales increased $103.4 million, $21.4 million and $11.0 million, respectively. Ethanol revenues were affected by increased volumes sold, partially offset by lower average realized prices. Corn oil revenues and grain revenues were impacted by increased volumes sold.

Operating income increased $3.0 million for the three months ended June 30, 2016, compared with the same period last year primarily due to increased margins on merchant trading activity and cattle. Interest expense remained flat for the three months ended June 30, 2016, compared with the same period in 2015. Income tax expense was $5.5 million for the three months ended June 30, 2016, compared with $5.2 million for the same period in 2015.

Earnings before interest, income taxes, depreciation and amortization (EBITDA) for the second quarter of 2016 was $47.7 million compared with $39.7 million for the same period last year.

GREEN PLAINS INC.

SEGMENT OPERATIONS

(unaudited, in thousands)

	Three Months Ended June 30,									Six Months Ended June 30,
	2016			2015			% Var.			2016			2015			% Var.
Revenues:
Ethanol production	$	515,726		$	464,879			10.9	%	$	939,316		$	896,601			4.8	%
Agribusiness		472,140			343,576			37.4			857,532			664,694			29.0
Marketing and distribution		771,653			656,768			17.5			1,437,844			1,310,030			9.8
Partnership		25,493			3,445			*			49,281			6,841			*
Intersegment eliminations		(897,285	)		(724,178	)		23.9			(1,647,042	)		(1,395,288	)		18.0
		887,727			744,490			19.2			1,636,931			1,482,878			10.4
Gross margin:
Ethanol production		32,695			53,982			*			22,821			77,371			*
Agribusiness		8,392			4,256			97.2			13,903			9,709			43.2
Marketing and distribution		15,377			7,515			104.6			16,364			16,552			(1.1	)
Partnership		25,493			3,445			*			49,281			6,841			*
Intersegment eliminations		(3,754	)		(1,303	)		188.0			350			3,381			(89.6	)
		78,203			67,895			15.2			102,719			113,854			(9.8	)
Operating income (loss):
Ethanol production		10,555			34,192			*			(22,696	)		37,612			*
Agribusiness		5,560			2,258			146.2			8,788			5,468			60.7
Marketing and distribution		10,626			3,453			207.7			8,656			7,858			10.2
Partnership		14,803			(5,284	)		*			27,874			(10,432	)		*
Intersegment eliminations		(3,754	)		(1,303	)		188.1			350			3,381			(89.6	)
Segment operating income		37,790			33,316			13.4			22,972			43,887			(47.7	)
Corporate activities		(10,381	)		(8,914	)		16.5			(18,209	)		(15,381	)		18.4
	$	27,409		$	24,402			12.3		$	4,763		$	28,506			(83.3	)

* Percentage variance not considered meaningful.

2

GREEN PLAINS INC.

OPERATING DATA BY PRODUCT

(unaudited, in thousands)

	Three Months Ended June 30,							Six Months Ended June 30,
	2016		2015		% Var.			2016		2015		% Var.
Ethanol production
Ethanol sold (gallons)		274,271		238,737		14.9	%		521,226		471,230		10.6	%
Distillers grains sold (tons)		734		631		16.5			1,381		1,260		9.6
Corn oil sold (pounds)		64,514		62,355		3.5			124,354		120,057		3.6
Corn consumed (bushels)		95,638		84,162		13.6			182,169		166,209		9.6
Agribusiness
Grain sold (bushels)		98,973		72,959		35.7			186,930		143,384		30.4
Marketing and distribution
Ethanol sold (gallons)		355,665		299,717		18.7			681,825		575,641		18.4
Partnership
Storage and throughput (gallons)		274,271		—		*			521,226		—		*

* Percentage variance not considered meaningful.

GREEN PLAINS INC.

CONSOLIDATED CRUSH MARGIN

(unaudited, in thousands except per gallon amounts)

	Three Months Ended June 30,					Three Months Ended June 30,
	2016		2015			2016		2015
	($ in thousands)					($ per gallon produced)
Ethanol production operating income	$	10,555	$	34,192		$	0.04	$	0.14
Depreciation and amortization		15,150		13,783			0.06		0.06
Total ethanol production		25,705		47,975			0.10		0.20
Intercompany fees, net:
Storage and logistics (partnership)		15,006		(5,630	)		0.05		(0.02	)
Marketing and agribusiness fees		4,630		4,115			0.02		0.02
Consolidated crush margin	$	45,341	$	46,460		$	0.17	$	0.20

3

Liquidity and Capital Resources

On June 30, 2016, Green Plains had $405.7 million in cash and cash equivalents, and $182.4 million available under revolving credit agreements, some of which are subject to restrictions and other lending conditions. Total debt outstanding was $730.7 million, including $245.6 million outstanding under working capital revolvers and other short-term borrowing arrangements for the marketing and distribution, and agribusiness segments at June 30, 2016.

Conference Call Information

On Aug. 2, 2016, Green Plains Inc. and Green Plains Partners LP will host a joint conference call at 11 a.m. Eastern time (10 a.m. Central time) to discuss second quarter 2016 financial and operating results for each company. Domestic and international participants can access the conference call by dialing 888.427.9376 and 719.457.2689, respectively. Participants are advised to call at least 10 minutes prior to the start time. Alternatively, the conference call and presentation can be accessed on Green Plains’ website at http://investor.gpreinc.com/events.cfm.

Non-GAAP Financial Measures

Management uses earnings before interest, income taxes, depreciation and amortization, or EBITDA, and consolidated ethanol crush margin to measure the company’s financial performance and to internally manage its businesses. Management believes these measures provide useful information to investors for comparison with peer and other companies. These measures should not be considered an alternative to net income or segment operating income, which are determined in accordance with generally accepted accounting principles. EBITDA calculations may vary from company to company. Accordingly, the company’s computation of EBITDA may not be comparable with a similarly-titled measure of another company.

About Green Plains Inc.

Green Plains Inc. (NASDAQ:GPRE) is a diversified commodity-processing business with operations related to ethanol, distillers grains and corn oil production; grain handling and storage; a cattle feedlot; and commodity marketing and distribution services. The company processes 12 million tons of corn annually, producing over 1.2 billion gallons of ethanol, approximately 3.5 million tons of livestock feed and 275 million pounds of industrial grade corn oil at full capacity. Green Plains owns a 62.5% limited partner interest and a 2.0% general partner interest in Green Plains Partners. For more information about Green Plains, visit www.gpreinc.com.

About Green Plains Partners LP

Green Plains Partners LP (NASDAQ:GPP) is a fee-based Delaware limited partnership formed by Green Plains Inc. to provide fuel storage and transportation services by owning, operating, developing and acquiring ethanol and fuel storage tanks, terminals, transportation assets and other related assets and businesses. For more information about Green Plains Partners, visit www.greenplainspartners.com.

Forward-Looking Statements

This news release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, as amended. Forward-looking statements include words such as “anticipates,” “believes,” “estimates,” “expects,” “goal,” “intends,” “plans,” “potential,” “predicts,” “should,” “will,” and other words with similar meanings in connection with future operating or financial performance. Such statements are based on management’s current expectations, which are subject to various factors, risks and uncertainties that may cause actual results, outcomes, timing and performance to differ materially from those expressed or implied. Green Plains may experience significant fluctuations in future operating results due to a number of economic conditions, including competition in the industries in which Green Plains operates; commodity market risks, including those resulting from current weather conditions; financial market risks; counterparty risks; risks associated with changes to federal policy or regulation; risks related to closing and achieving anticipated results from acquisitions; risks associated with the joint venture to commercialize algae production; and other risks detailed in Green Plains’ reports filed with the Securities and Exchange Commission, including its annual report on Form 10-K for the year ended Dec. 31, 2015, and subsequent filings with the SEC. Green Plains is not obligated nor intends to update its forward-looking statements at any time unless it is required by applicable securities laws. Unpredictable or unknown factors not discussed in this release could also have material adverse effects on forward-looking statements.

4

Consolidated Operating Data and Financial Results

GREEN PLAINS INC.

CONDENSED CONSOLIDATED BALANCE SHEETS

(in thousands)

	June 30, 2016		December 31, 2015
	(unaudited)
ASSETS
Current assets
Cash and cash equivalents	$	386,920	$	384,867
Restricted cash		18,785		27,018
Accounts receivable		140,597		96,150
Inventories		280,700		353,957
Other current assets		73,597		50,585
Total current assets		900,599		912,577
Property and equipment, net		915,726		922,070
Other assets		82,580		83,273
Total assets	$	1,898,905	$	1,917,920
LIABILITIES AND STOCKHOLDERS’ EQUITY
Current liabilities
Accounts payable	$	111,465	$	166,963
Accrued and other liabilities		35,644		32,026
Short-term notes payable and other borrowings		245,637		226,928
Current maturities of long-term debt		6,603		4,507
Other current liabilities		22,644		8,245
Current liabilities		421,993		438,669
Long-term debt		478,489		432,139
Other liabilities		68,503		88,203
Total liabilities		968,985		959,011
Stockholders’ equity
Total Green Plains stockholders’ equity		786,994		797,830
Noncontrolling interests		142,926		161,079
Total liabilities and stockholders’ equity	$	1,898,905	$	1,917,920

5

GREEN PLAINS INC.

CONSOLIDATED STATEMENTS OF OPERATIONS

(unaudited, in thousands except per share amounts)

	Three Months Ended June 30,									Six Months Ended June 30,
	2016			2015			% Var.			2016			2015			% Var.
Revenues
Product revenues	$	885,772		$	742,383			19.3	%	$	1,632,956		$	1,478,686			10.4	%
Service revenues		1,955			2,107			(7.2	)		3,975			4,192			(5.2	)
Total revenues		887,727			744,490			19.2			1,636,931			1,482,878			10.4
Costs and expenses
Cost of goods sold		809,524			676,595			19.6			1,534,212			1,369,024			12.1
Operations and maintenance expenses		8,504			7,102			19.7			17,149			14,135			21.3
Selling, general and administrative expenses		23,589			20,226			16.6			43,961			39,201			12.1
Depreciation and amortization expenses		18,701			16,165			15.7			36,846			32,012			15.1
Total costs and expenses		860,318			720,088			19.5			1,632,168			1,454,372			12.2
Operating income		27,409			24,402			12.3			4,763			28,506			(83.3	)
Other income (expense)
Interest income		368			210			75.2			778			430			80.9
Interest expense		(10,499	)		(10,564	)		(0.6	)		(21,297	)		(19,722	)		8.0
Other, net		1,178			(1,034	)		(213.9	)		(497	)		(1,965	)		(74.7	)
Total other expense		(8,953	)		(11,388	)		(21.4	)		(21,016	)		(21,257	)		(1.1	)
Income (loss) before income taxes		18,456			13,014			41.8			(16,253	)		7,249			(324.2	)
Income tax expense (benefit)		5,471			5,222			4.8			(9,422	)		2,775			(439.5	)
Net income (loss)		12,985			7,792			66.6			(6,831	)		4,474			(252.7	)
Net income attributable to noncontrolling interests		4,794			—			*			9,116			—			*
Net income (loss) attributable to Green Plains	$	8,191		$	7,792			5.1		$	(15,947	)	$	4,474			(456.4	)
Earnings per share:
Net income (loss) attributable to Green Plains – basic	$	0.21		$	0.20					$	(0.42	)	$	0.12
Net income (loss) attributable to Green Plains – diluted	$	0.21		$	0.19					$	(0.42	)	$	0.11
Weighted avg. shares outstanding:
Basic		38,425			38,027						38,311			37,916
Diluted		38,536			40,075						38,311			39,565

* Percentage variance not considered meaningful.

6

GREEN PLAINS INC.

CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS

(unaudited, in thousands)

	Six Months Ended June 30,
	2016			2015
Cash flows from operating activities:
Net income (loss)	$	(6,831	)	$	4,474
Noncash operating adjustments:
Depreciation and amortization		36,846			32,012
Deferred income taxes		(17,936	)		11,323
Other		10,662			6,985
Net change in working capital		(36,946	)		(31,590	)
Net cash provided (used) by operating activities		(14,205	)		23,204
Cash flows from investing activities:
Purchases of property and equipment		(29,084	)		(28,690	)
Acquisition of businesses, net of cash acquired		65			—
Other		994			(3,309	)
Net cash used by investing activities		(28,025	)		(31,999	)
Cash flows from financing activities:
Net proceeds (payments) – long-term debt		44,777			(10,344	)
Net proceeds (payments) – short-term borrowings		15,387			(9,426	)
Other		(15,881	)		2,543
Net cash provided (used) by financing activities		44,283			(17,227	)
Net change in cash and cash equivalents		2,053			(26,022	)
Cash and cash equivalents, beginning of period		384,867			425,510
Cash and cash equivalents, end of period	$	386,920		$	399,488

GREEN PLAINS INC.

RECONCILIATIONS TO NON-GAAP FINANCIAL MEASURES

(unaudited, in thousands)

	Three Months Ended June 30,				Six Months Ended June 30,
	2016		2015		2016			2015
Net income	$	12,985	$	7,792	$	(6,831	)	$	4,474
Interest expense		10,499		10,564		21,297			19,722
Income taxes		5,471		5,222		(9,422	)		2,775
Depreciation and amortization		18,701		16,165		36,846			32,012
EBITDA	$	47,656	$	39,743	$	41,890		$	58,983

Contact: Jim Stark, Vice President – Investor and Media Relations, Green Plains Inc. (402) 884-8700

###

7