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Segment Information
9 Months Ended
Sep. 30, 2024
Segment Reporting [Abstract]  
Segment Information Segment Information
The Company’s operations include three reportable business segments that are distinguished primarily on the basis of products and services offered as well as the structure of management. The Trade business includes commodity merchandising and the operation of terminal grain elevator facilities. The Renewables business produces ethanol and co-products through its four co-owned and consolidated ethanol production facilities as well as purchases and sells ethanol and ethanol co-products. The Nutrient & Industrial business manufactures and distributes plant nutrient products such as agricultural inputs, primarily fertilizers and turf care products along with industrial products such as deicers, dust abatement solutions and corncob-based products. The Other category includes other corporate level costs not attributable to an operating segment and intercompany eliminations between the segments.

The segment information below includes the allocation of expenses shared by one or more operating segments. Although management believes such allocations are reasonable, the operating information does not necessarily reflect how such data might appear if the segments were operated as separate businesses. The Company does not have any customers who represent 10 percent or more of total revenues.
 Three months ended September 30,Nine months ended September 30,
(in thousands)2024202320242023
Revenues from external customers
Trade$1,747,715 $2,639,059 $5,399,315 $8,213,649 
Renewables745,206 868,099 2,088,372 2,585,396 
Nutrient & Industrial128,067 128,533 646,723 738,067 
Total$2,620,988 $3,635,691 $8,134,410 $11,537,112 

 Three months ended September 30,Nine months ended September 30,
(in thousands)2024202320242023
Income (loss) before income taxes
Trade$26,266 $8,073 $37,615 $52,427 
Renewables (a)52,583 47,096 114,574 31,187 
Nutrient & Industrial(6,132)(8,452)15,437 23,675 
Other(10,525)(8,332)(34,119)(29,487)
Total$62,192 $38,385 $133,507 $77,802 
(a) Includes Net income attributable to noncontrolling interests of $24.1 million and $20.8 million for the three months ended September 30, 2024, and 2023, respectively, and $47.7 million and $4.1 million for the nine months ended September 30, 2024, and 2023, respectively.