Revenue (Tables)

9 Months Ended

Sep. 30, 2024

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.