Highwater Ethanol, LLC Reports Earnings Results for the Second Quarter and Six Months Ended April 30, 2024
June 14, 2024 at 01:13 am IST
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Highwater Ethanol, LLC reported earnings results for the second quarter and six months ended April 30, 2024. For the second quarter, the company reported sales was USD 32.54 million compared to USD 48.71 million a year ago. Net loss was USD 1.6 million compared to net income of USD 1.75 million a year ago.
For the six months, sales was USD 69.78 million compared to USD 97.57 million a year ago. Net loss was USD 0.7733 million compared to net income of USD 4.08 million a year ago.
Highwater Ethanol, LLC is engaged in the production of ethanol and distillersâ grains at the plant. The Company operates through the manufacturing and marketing of fuel-grade ethanol and the co-products of the ethanol production process segment. The Company's products include Ethanol, Distillers Grains and Corn Oil. Its primary product is ethanol. Ethanol is ethyl alcohol, a fuel component made primarily from corn and various other grains. The ethanol it produces is manufactured from corn. The principal co-product of the ethanol production process is distillersâ grains, a high protein, high-energy animal feed supplement primarily marketed to the dairy, poultry, swine and beef industries. The corn oil that the Company produces is not food grade corn oil and therefore cannot be used for human consumption. Its corn oil can be used as the feedstock to produce biodiesel, as a feed ingredient and has other industrial uses.
HIGHWATER ETHANOL, LLC 
