Cardinal Ethanol, LLC reported earnings results for the first quarter ended December 31, 2022. For the first quarter, the company reported sales was USD 134.95 million compared to USD 150.26 million a year ago. Net income was USD 15.91 million compared to USD 32.4 million a year ago.

Basic earnings per share from continuing operations was USD 1,089 compared to USD 2,218 a year ago.