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Revenue | 3 Months Ended
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Mar. 31, 2025
Revenue from Contract with Customer [Abstract] |
Revenue | REVENUE Revenue by Source The following tables disaggregate revenue by major source (in thousands):
| Three Months Ended March 31, 2025
| Ethanol Production |  | Agribusiness & Energy Services |  | Eliminations |  | Total
Revenues |  |  |  |  |  |  |
Revenues from contracts with customers under ASC 606 |  |  |  |  |  |  |
Ethanol | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |
Distillers grains | 19,389 |  |  | 3,560 |  |  | — |  |  | 22,949 |
Other | 11,244 |  |  | 1,653 |  |  | — |  |  | 12,897 |
Intersegment revenues | 314 |  |  | 68 |  |  | (382) |  |  | — |
Total revenues from contracts with customers | 30,947 |  |  | 5,281 |  |  | (382) |  |  | 35,846 |
Revenues from contracts accounted for as derivatives under ASC 815 (1) |  |  |  |  |  |  |
Ethanol | 378,221 |  |  | 70,102 |  |  | — |  |  | 448,323 |
Distillers grains | 57,534 |  |  | 6,081 |  |  | — |  |  | 63,615 |
Renewable corn oil | 31,070 |  |  | — |  |  | — |  |  | 31,070 |
Other | — |  |  | 22,661 |  |  | — |  |  | 22,661 |
Intersegment revenues | — |  |  | 5,704 |  |  | (5,704) |  |  | — |
Total revenues from contracts accounted for as derivatives | 466,825 |  |  | 104,548 |  |  | (5,704) |  |  | 565,669 |
Total Revenues | $ | 497,772 |  |  | $ | 109,829 |  |  | $ | (6,086) |  |  | $ | 601,515 |
| Three Months Ended March 31, 2024
| Ethanol Production |  | Agribusiness & Energy Services |  | Eliminations |  | Total
Revenues |  |  |  |  |  |  |
Revenues from contracts with customers under ASC 606 |  |  |  |  |  |  |
Ethanol | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |
Distillers grains | 24,800 |  |  | — |  |  | — |  |  | 24,800 |
Other | 14,347 |  |  | 2,412 |  |  | — |  |  | 16,759 |
Intersegment revenues | 1,213 |  |  | 89 |  |  | (1,302) |  |  | — |
Total revenues from contracts with customers | 40,360 |  |  | 2,501 |  |  | (1,302) |  |  | 41,559 |
Revenues from contracts accounted for as derivatives under ASC 815 (1) |  |  |  |  |  |  |
Ethanol | 350,112 |  |  | 73,375 |  |  | — |  |  | 423,487 |
Distillers grains | 77,923 |  |  | 9,690 |  |  | — |  |  | 87,613 |
Renewable corn oil | 34,160 |  |  | — |  |  | — |  |  | 34,160 |
Other | 3,104 |  |  | 7,291 |  |  | — |  |  | 10,395 |
Intersegment revenues | — |  |  | 6,139 |  |  | (6,139) |  |  | — |
Total revenues from contracts accounted for as derivatives | 465,299 |  |  | 96,495 |  |  | (6,139) |  |  | 555,655 |
Total Revenues | $ | 505,659 |  |  | $ | 98,996 |  |  | $ | (7,441) |  |  | $ | 597,214 |
(1)Revenues from contracts accounted for as derivatives represent physically settled derivative sales that are outside the scope of ASC 606. Major Customer Revenues from Customer A represented approximately 13% and 15% of total revenues for the three months ended March 31, 2025 and 2024, respectively, recorded within the ethanol production segment. Revenues from Customer B and Customer C represented approximately 12% and 10%, respectively, of total revenues for the three months ended March 31, 2025, 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 7 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-7 Reference 2: 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 3: 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 4: 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 5: 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 6: 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 7: 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 8: 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 9: 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 10: 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 11: 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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