Heron Lake Bioenergy, Llc Reports Earnings Results for the Third Quarter Ended July 31, 2021
September 14, 2021 at 11:52 am EDT
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Heron Lake BioEnergy, LLC announced earnings results for the third quarter ended July 31, 2021. For the third quarter, the company announced sales was USD 49.980 million compared to USD 14.165 million a year ago. Operating income was USD 4.948 million compared to operating loss of USD 3.919 million a year ago. Net income was USD 4.841 million compared to net loss of USD 3.960 million a year ago. For the nine months, sales was USD 111.454 million compared to USD 56.450 million a year ago. Operating income was USD 3.296 million compared to operating loss of USD 12.688 million a year ago. Net income was USD 3.737 million compared to net loss of USD 12.619 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 
