Heron Lake Bioenergy, Llc Reports Earnings Results for the Second Quarter Ended April 30, 2020
June 15, 2020 at 02:01 pm EDT
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Heron Lake BioEnergy, LLC announced earnings results for the second quarter ended April 30, 2020. For the second quarter, the company announced sales was USD 15.604 million compared to USD 25.494 million a year ago. Operating loss was USD 6.419 million compared to USD 1.275 million a year ago. Net loss was USD 6.242 million compared to USD 1.115 million a year ago. For the half year, sales was USD 42.285 million compared to USD 51.192 million a year ago. Operating loss was USD 8.768 million compared to USD 3.228 million a year ago. Net loss was USD 8.658 million compared to USD 3.138 million a year ago.
Heron Lake BioEnergy, LLC owns and operates an ethanol plant near Heron Lake, Minnesota with a permitted capacity of approximately 72.3 million gallons per year of undenatured ethanol on a twelve-month rolling sum basis. In addition, Heron Lake BioEnergy, LLC produces and sells distillersâ grains with solubles and corn oil as co-products of ethanol production. The Companyâs segments include Ethanol Production and Natural Gas Pipeline. Heron Lake BioEnergy, LLCâs wholly owned subsidiary, HLBE Pipeline Company, LLC (HLBE Pipeline Company), is the sole owner of Agrinatural Gas, LLC (Agrinatural). Agrinatural, is a natural gas pipeline company that owns and operates the natural gas pipeline that provides natural gas to the Companyâs ethanol production facility and other customers through a connection with the natural gas pipeline facilities of Northern Border Pipeline Company in Cottonwood County, Minnesota.
HERON LAKE BIOENERGY, LLC 
