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Revenue
3 Months Ended
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 ProductionAgribusiness & Energy
Services
EliminationsTotal
Revenues
Revenues from contracts with customers under ASC 606
Ethanol$— $— $— $— 
Distillers grains19,389 3,560 — 22,949 
Other11,244 1,653 — 12,897 
Intersegment revenues314 68 (382)— 
Total revenues from contracts with customers30,947 5,281 (382)35,846 
Revenues from contracts accounted for as derivatives under ASC 815 (1)
Ethanol378,221 70,102 — 448,323 
Distillers grains57,534 6,081 — 63,615 
Renewable corn oil31,070 — — 31,070 
Other— 22,661 — 22,661 
Intersegment revenues— 5,704 (5,704)— 
Total revenues from contracts accounted for as derivatives466,825 104,548 (5,704)565,669 
Total Revenues$497,772 $109,829 $(6,086)$601,515 

Three Months Ended March 31, 2024
Ethanol ProductionAgribusiness & Energy
Services
EliminationsTotal
Revenues
Revenues from contracts with customers under ASC 606
Ethanol$— $— $— $— 
Distillers grains24,800 — — 24,800 
Other14,347 2,412 — 16,759 
Intersegment revenues1,213 89 (1,302)— 
Total revenues from contracts with customers40,360 2,501 (1,302)41,559 
Revenues from contracts accounted for as derivatives under ASC 815 (1)
Ethanol350,112 73,375 — 423,487 
Distillers grains77,923 9,690 — 87,613 
Renewable corn oil34,160 — — 34,160 
Other3,104 7,291 — 10,395 
Intersegment revenues— 6,139 (6,139)— 
Total revenues from contracts accounted for as derivatives465,299 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.