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Revenue (Tables) | 9 Months Ended
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Sep. 30, 2024
Revenue from Contract with Customer [Abstract] |
Disaggregation of Revenue by Major 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.

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- Definition Tabular disclosure of disaggregation of revenue into categories depicting how nature, amount, timing, and uncertainty of revenue and cash flows are affected by economic factor. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 5 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-5 + Details
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