Comparing the current results to its competitors, Green Plains Partners Lp reported Revenue increase in the 2 quarter 2023 by 4.42 % year on year, while most of its competitors have experienced contraction in revenues by -30.77 %, achieved in the same quarter.
Green Plains Partners Lp Net Income in the 2 quarter 2023 fell year on year by -11.15%, while most of its competitors have experienced a contraction in net income by -58.54 %.
Green Plains Partners Lp's Comment on Competition and Industry Peers
Our contractual relationship with Green Plains Trade and the integrated nature
of our storage tanks with our parent’s production facilities minimizes potential
competition for storage and distribution services provided under our commercial
agreements from other third-party operators.
We compete with independent fuel terminal operators and major fuel producers for
terminal services based on terminal location, services provided, safety and cost.
While there are numerous fuel producers and distributors that own terminal operations
similar to ours, they are not typically focused on providing services to third
parties. Independent operators are often located near key distribution points
with cost advantages and provide more efficient services and distribution capabilities
into strategic markets with a variety of transportation options. Companies often
rely on independent operators when their own storage facilities cannot handle
their volumes or manage their throughput adequately due to lack of expertise,
market congestion, size constraints, optionality or the nature of the materials
being stored.
We believe we are well-positioned to compete effectively in a growing market due
to our expertise managing third-party terminal services and logistics. We are
a low-cost operator, focused on safety and efficiency, capable of managing the
needs of multiple constituencies across geographical markets. While the competitiveness
of our services can be impacted by competition from new entrants, transportation
constraints, industry production levels and related storage needs, we believe
there are significant barriers to entry that partially mitigate these risks, including
significant capital costs, execution risk, complex permitting requirements, development
cycle, financial and working capital constraints, expertise and experience, and
ability to effectively capture strategic assets or locations.
Overall company revenue, increased by 4.42 % faster than Green Plains Partners Lp's competitors within this division and its market share improved to approx. 0.01 %. << More on GPP Market Share.
*Market share is calculated based on total revenue.
Antero Midstream Corporation operates on a business model that focuses on the development and operation of midstream assets in the natural gas and oil industry. The company primarily engages in gathering, processing, and transporting natural gas and oil for its customers. By providing crucial infrastructure and services, Antero Midstream Corporation helps facilitate the efficient production and delivery of energy resources to the market.
Marathon Petroleum Corporation operates a vertically integrated business model that encompasses the refining of crude oil into a range of petroleum products, including gasoline, diesel fuel, and asphalt. The company leverages an extensive marketing and distribution network, supported by a comprehensive transportation system comprising pipelines, terminals, and barges, to efficiently deliver products to customers across various markets.
Marathon Oil Corporation operates as an independent exploration and production company, focusing on the discovery and extraction of crude oil and natural gas. Their business model emphasizes acquisition, development of oil and gas assets worldwide, sustainability, and long-term value creation.
Oneok Inc operates as a midstream service provider in the energy sector, focusing on the gathering, processing, transportation, and storage of natural gas and natural gas liquids. The company utilizes an integrated network of pipelines and processing facilities to ensure the efficient movement of energy resources from production sites to end-users. Oneok generates revenue by charging fees for its services, which are based on the volume of resources transported and processed within its infrastructure.
Sources:
Green Plains Partners Lp’s official press releases and regulatory filings; CSIMarket.com’s market research; and the financial filings and press releases of other companies cited in this report.
Updated on:
Focus of this report: publicly traded companies.
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