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Revenue
9 Months Ended
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 ProductionAgribusiness & Energy
Services
EliminationsTotal
Revenues
Revenues from contracts with customers under ASC 606
Ethanol$— $— $— $— 
Distillers grains19,597 4,521 — 24,118 
Renewable corn oil— — — — 
Other12,919 2,015 — 14,934 
Intersegment revenues1,075 69 (1,144)— 
Total revenues from contracts with customers33,591 6,605 (1,144)39,052 
Revenues from contracts accounted for as derivatives under ASC 815 (1)
Ethanol439,981 76,014 — 515,995 
Distillers grains53,915 8,618 — 62,533 
Renewable corn oil35,859 3,346 — 39,205 
Other1,293 657 — 1,950 
Intersegment revenues— 6,620 (6,620)— 
Total revenues from contracts accounted for as derivatives531,048 95,255 (6,620)619,683 
Total Revenues$564,639 $101,860 $(7,764)$658,735 
Nine Months Ended September 30, 2024
Ethanol ProductionAgribusiness & Energy
Services
EliminationsTotal
Revenues
Revenues from contracts with customers under ASC 606
Ethanol$— $— $— $— 
Distillers grains67,676 5,039 — 72,715 
Renewable corn oil— — — — 
Other42,536 6,483 — 49,019 
Intersegment revenues3,467 233 (3,700)— 
Total revenues from contracts with customers113,679 11,755 (3,700)121,734 
Revenues from contracts accounted for as derivatives under ASC 815 (1)
Ethanol1,177,189 235,512 — 1,412,701 
Distillers grains195,683 23,871 — 219,554 
Renewable corn oil103,424 3,346 — 106,770 
Other5,766 8,249 — 14,015 
Intersegment revenues— 19,072 (19,072)— 
Total revenues from contracts accounted for as derivatives1,482,062 290,050 (19,072)1,753,040 
Total Revenues$1,595,741 $301,805 $(22,772)$1,874,774 
Three Months Ended September 30, 2023
Ethanol ProductionAgribusiness & Energy
Services
EliminationsTotal
Revenues
Revenues from contracts with customers under ASC 606
Ethanol$— $— $— $— 
Distillers grains22,664 — — 22,664 
Renewable corn oil— — — — 
Other6,809 3,437 — 10,246 
Intersegment revenues1,208 57 (1,265)— 
Total revenues from contracts with customers30,681 3,494 (1,265)32,910 
Revenues from contracts accounted for as derivatives under ASC 815 (1)
Ethanol607,113 99,008 — 706,121 
Distillers grains81,288 5,900 — 87,188 
Renewable corn oil49,872 7,327 — 57,199 
Other6,575 2,777 — 9,352 
Intersegment revenues— 6,575 (6,575)— 
Total revenues from contracts accounted for as derivatives744,848 121,587 (6,575)859,860 
Total Revenues$775,529 $125,081 $(7,840)$892,770 
Nine Months Ended September 30, 2023
Ethanol ProductionAgribusiness & Energy
Services
EliminationsTotal
Revenues
Revenues from contracts with customers under ASC 606
Ethanol$— $— $— $— 
Distillers grains65,258 — — 65,258 
Renewable corn oil— — — — 
Other25,868 13,709 — 39,577 
Intersegment revenues3,446 151 (3,597)— 
Total revenues from contracts with customers94,572 13,860 (3,597)104,835 
Revenues from contracts accounted for as derivatives under ASC 815 (1)
Ethanol1,656,688 306,134 — 1,962,822 
Distillers grains297,189 28,715 — 325,904 
Renewable corn oil131,893 8,048 — 139,941 
Other21,840 28,009 — 49,849 
Intersegment revenues— 18,524 (18,524)— 
Total revenues from contracts accounted for as derivatives2,107,610 389,430 (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.