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Revenue | 9 Months Ended
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Sep. 30, 2024
Revenue from Contract with Customer [Abstract] |
Revenue | REVENUE Revenue by Source The following tables disaggregate revenue by major source (in thousands):
| Three Months Ended September 30, 2024
| Ethanol Production |  | Agribusiness & Energy Services |  | Eliminations |  | Total
Revenues |  |  |  |  |  |  |
Revenues from contracts with customers under ASC 606 |  |  |  |  |  |  |
Ethanol | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |
Distillers grains | 19,597 |  |  | 4,521 |  |  | — |  |  | 24,118 |
Renewable corn oil | — |  |  | — |  |  | — |  |  | — |
Other | 12,919 |  |  | 2,015 |  |  | — |  |  | 14,934 |
Intersegment revenues | 1,075 |  |  | 69 |  |  | (1,144) |  |  | — |
Total revenues from contracts with customers | 33,591 |  |  | 6,605 |  |  | (1,144) |  |  | 39,052 |
Revenues from contracts accounted for as derivatives under ASC 815 (1) |  |  |  |  |  |  |
Ethanol | 439,981 |  |  | 76,014 |  |  | — |  |  | 515,995 |
Distillers grains | 53,915 |  |  | 8,618 |  |  | — |  |  | 62,533 |
Renewable corn oil | 35,859 |  |  | 3,346 |  |  | — |  |  | 39,205 |
Other | 1,293 |  |  | 657 |  |  | — |  |  | 1,950 |
Intersegment revenues | — |  |  | 6,620 |  |  | (6,620) |  |  | — |
Total revenues from contracts accounted for as derivatives | 531,048 |  |  | 95,255 |  |  | (6,620) |  |  | 619,683 |
Total Revenues | $ | 564,639 |  |  | $ | 101,860 |  |  | $ | (7,764) |  |  | $ | 658,735 |
| Nine Months Ended September 30, 2024
| Ethanol Production |  | Agribusiness & Energy Services |  | Eliminations |  | Total
Revenues |  |  |  |  |  |  |
Revenues from contracts with customers under ASC 606 |  |  |  |  |  |  |
Ethanol | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |
Distillers grains | 67,676 |  |  | 5,039 |  |  | — |  |  | 72,715 |
Renewable corn oil | — |  |  | — |  |  | — |  |  | — |
Other | 42,536 |  |  | 6,483 |  |  | — |  |  | 49,019 |
Intersegment revenues | 3,467 |  |  | 233 |  |  | (3,700) |  |  | — |
Total revenues from contracts with customers | 113,679 |  |  | 11,755 |  |  | (3,700) |  |  | 121,734 |
Revenues from contracts accounted for as derivatives under ASC 815 (1) |  |  |  |  |  |  |
Ethanol | 1,177,189 |  |  | 235,512 |  |  | — |  |  | 1,412,701 |
Distillers grains | 195,683 |  |  | 23,871 |  |  | — |  |  | 219,554 |
Renewable corn oil | 103,424 |  |  | 3,346 |  |  | — |  |  | 106,770 |
Other | 5,766 |  |  | 8,249 |  |  | — |  |  | 14,015 |
Intersegment revenues | — |  |  | 19,072 |  |  | (19,072) |  |  | — |
Total revenues from contracts accounted for as derivatives | 1,482,062 |  |  | 290,050 |  |  | (19,072) |  |  | 1,753,040 |
Total Revenues | $ | 1,595,741 |  |  | $ | 301,805 |  |  | $ | (22,772) |  |  | $ | 1,874,774 |
| Three Months Ended September 30, 2023
| Ethanol Production |  | Agribusiness & Energy Services |  | Eliminations |  | Total
Revenues |  |  |  |  |  |  |
Revenues from contracts with customers under ASC 606 |  |  |  |  |  |  |
Ethanol | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |
Distillers grains | 22,664 |  |  | — |  |  | — |  |  | 22,664 |
Renewable corn oil | — |  |  | — |  |  | — |  |  | — |
Other | 6,809 |  |  | 3,437 |  |  | — |  |  | 10,246 |
Intersegment revenues | 1,208 |  |  | 57 |  |  | (1,265) |  |  | — |
Total revenues from contracts with customers | 30,681 |  |  | 3,494 |  |  | (1,265) |  |  | 32,910 |
Revenues from contracts accounted for as derivatives under ASC 815 (1) |  |  |  |  |  |  |
Ethanol | 607,113 |  |  | 99,008 |  |  | — |  |  | 706,121 |
Distillers grains | 81,288 |  |  | 5,900 |  |  | — |  |  | 87,188 |
Renewable corn oil | 49,872 |  |  | 7,327 |  |  | — |  |  | 57,199 |
Other | 6,575 |  |  | 2,777 |  |  | — |  |  | 9,352 |
Intersegment revenues | — |  |  | 6,575 |  |  | (6,575) |  |  | — |
Total revenues from contracts accounted for as derivatives | 744,848 |  |  | 121,587 |  |  | (6,575) |  |  | 859,860 |
Total Revenues | $ | 775,529 |  |  | $ | 125,081 |  |  | $ | (7,840) |  |  | $ | 892,770 |
| Nine Months Ended September 30, 2023
| Ethanol Production |  | Agribusiness & Energy Services |  | Eliminations |  | Total
Revenues |  |  |  |  |  |  |
Revenues from contracts with customers under ASC 606 |  |  |  |  |  |  |
Ethanol | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |
Distillers grains | 65,258 |  |  | — |  |  | — |  |  | 65,258 |
Renewable corn oil | — |  |  | — |  |  | — |  |  | — |
Other | 25,868 |  |  | 13,709 |  |  | — |  |  | 39,577 |
Intersegment revenues | 3,446 |  |  | 151 |  |  | (3,597) |  |  | — |
Total revenues from contracts with customers | 94,572 |  |  | 13,860 |  |  | (3,597) |  |  | 104,835 |
Revenues from contracts accounted for as derivatives under ASC 815 (1) |  |  |  |  |  |  |
Ethanol | 1,656,688 |  |  | 306,134 |  |  | — |  |  | 1,962,822 |
Distillers grains | 297,189 |  |  | 28,715 |  |  | — |  |  | 325,904 |
Renewable corn oil | 131,893 |  |  | 8,048 |  |  | — |  |  | 139,941 |
Other | 21,840 |  |  | 28,009 |  |  | — |  |  | 49,849 |
Intersegment revenues | — |  |  | 18,524 |  |  | (18,524) |  |  | — |
Total revenues from contracts accounted for as derivatives | 2,107,610 |  |  | 389,430 |  |  | (18,524) |  |  | 2,478,516 |
Total Revenues | $ | 2,202,182 |  |  | $ | 403,290 |  |  | $ | (22,121) |  |  | $ | 2,583,351 |
(1)Revenues from contracts accounted for as derivatives represent physically settled derivative sales that are outside the scope of ASC 606. Major Customers Revenues from Customer A represented 13% of total revenues for both the three and nine months ended September 30, 2024 recorded within the ethanol production segment. For both the three and nine months ended September 30, 2023, Customer A represented 14% of total revenues recorded within the ethanol production segment.

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- Definition The entire disclosure of revenue from contract with customer to transfer good or service and to transfer nonfinancial asset. Includes, but is not limited to, disaggregation of revenue, credit loss recognized from contract with customer, judgment and change in judgment related to contract with customer, and asset recognized from cost incurred to obtain or fulfill contract with customer. Excludes insurance and lease contracts. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 9 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-9 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 10 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-10 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 15 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-15 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-12 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-12 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-12 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-12 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Subparagraph (e) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-12 Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 13 -Subparagraph (b)(2) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-13 Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Name Accounting Standards Codification -Topic 606 -Publisher FASB -URI https://asc.fasb.org/606/tableOfContent + Details
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