Highwater Ethanol, LLC Reports Earnings Results for the Third Quarter and Nine Months Ended July 31, 2022
September 13, 2022 at 12:31 pm EDT
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Highwater Ethanol, LLC reported earnings results for the third quarter and nine months ended July 31, 2022. For the third quarter, the company reported sales was USD 64.06 million compared to USD 46.99 million a year ago. Net income was USD 10.6 million compared to USD 6.07 million a year ago.
For the nine months, sales was USD 168.14 million compared to USD 110.29 million a year ago. Net income was USD 31.39 million compared to USD 10.58 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 
