Cardinal Ethanol, LLC Reports Earnings Results for the Full Year Ended September 30, 2021
November 19, 2021 at 02:59 pm EST
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Cardinal Ethanol, LLC reported earnings results for the full year ended September 30, 2021. For the full year, the company reported sales was USD 404 million compared to USD 244.72 million a year ago. Net income was USD 27.11 million compared to net loss of USD 1.14 million a year ago. Basic earnings per share from continuing operations was USD 1,856 compared to basic loss per share from continuing operations of USD 78 a year ago.
Cardinal Ethanol, LLC and its subsidiaries is engaged in producing fuel-grade ethanol, distillers grains, corn oil and carbon dioxide near Union City, Indiana and sells these products throughout the continental United States. In addition, the Company procures, transports, and sells grain commodities through grain operations. Its divisions include ethanol and trading. Its ethanol division markets and sells ethanol and its co-products primarily in the continental United States using third party marketers. Its ethanol products are marketed by Murex, LLC and distillers grains are marketed by CHS, Inc. It markets and distributes all the corn oil it produces directly to end users and third-party brokers. The Company's trading division has a grain loading facility within its single site to buy, hold and sell inventories of agricultural grains, primarily soybeans. It performs no additional processing of these grains, unlike the corn inventory the Company holds and uses in ethanol production.
CARDINAL ETHANOL, LLC 
