Highwater Ethanol, Llc Reports Earnings Results for the Second Quarter Ended April 30, 2020
June 12, 2020 at 12:58 pm
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Highwater Ethanol, LLC announced earnings results for the second quarter ended April 30, 2020. For the second quarter, the company announced sales was USD 20.257 million compared to USD 22.939 million a year ago. Operating loss was USD 3.883 million compared to USD 2.428 million a year ago. Net loss was USD 3.951 million compared to USD 2.579 million a year ago. For the half year, sales was USD 47.441 million compared to USD 45.628 million a year ago. Operating loss was USD 6.379 million compared to USD 4.988 million a year ago. Net loss was USD 6.568 million compared to USD 5.299 million a year ago.
Highwater Ethanol, LLC is engaged in the production of ethanol and distillersâ grains at the plant. The Company operates through the manufacturing and marketing of fuel-grade ethanol and the co-products of the ethanol production process segment. The Company's products include Ethanol, Distillers Grains and Corn Oil. Its primary product is ethanol. Ethanol is ethyl alcohol, a fuel component made primarily from corn and various other grains. The ethanol it produces is manufactured from corn. The principal co-product of the ethanol production process is distillersâ grains, a high protein, high-energy animal feed supplement primarily marketed to the dairy, poultry, swine and beef industries. The corn oil that the Company produces is not food grade corn oil and therefore cannot be used for human consumption. Its corn oil can be used as the feedstock to produce biodiesel, as a feed ingredient and has other industrial uses.
HIGHWATER ETHANOL, LLC 
