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Net Sales and Revenue
 9 Months Ended
Oct. 31, 2025
Revenue from Contract with Customer [Abstract]  
Revenue from Contract with Customer [Text Block]

Note 3. Net Sales and Revenue

 

The Company recognizes sales of products when obligations under the terms of the respective contracts with customers are satisfied. This occurs with the transfer of control of products, generally upon shipment from the ethanol plant or upon loading of the rail car or truck used to transport the products. Revenue is measured as the amount of consideration expected to be received in exchange for transferring goods. Sales, value added and other taxes the Company collects concurrent with revenue producing activities are excluded from net sales and revenue.

 

The majority of the Company’s sales have payment terms ranging from 5 to 10 days after transfer of control. The Company has determined that sales contracts do not generally include a significant financing component. The Company has not historically entered into sales contracts in which payment is due from a customer prior to transferring product to the customer. Thus, the Company does not record unearned revenue.

The following tables shows disaggregated revenue by product (amounts in thousands):

 

   Three Months Ended
October 31,		   Nine Months Ended
October 31,		 
   2025   2024   2025   2024 
Ethanol  $136,031   $138,107   $383,739   $373,634 
Dried distillers grains   22,357    25,032    65,903    77,564 
Distillers corn oil   16,353    10,249    38,741    28,633 
Modified distillers grains   1,180    1,159    4,053    3,479 
Derivative financial instruments (losses) gains   (328)    300    (110)    737 
Other   32    30    202    216 
Total  $175,625   $174,877   $492,528   $484,263