Red Trail Energy, Llc Reports Earnings Results for the First Quarter Ended December 31, 2020
February 12, 2021 at 11:40 am EST
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Red Trail Energy, LLC announced earnings results for the first quarter ended December 31, 2020. For the first quarter, the company announced sales was USD 27.557 million compared to USD 26.340 million a year ago. Operating income was USD 2.243 million compared to operating loss of USD 1.298 million a year ago. Net income was USD 2.265 million compared to net loss of USD 1.251 million a year ago. Basic earnings per share from continuing operations was USD 0.06 compared to basic loss per share from continuing operations of USD 0.03 a year ago.
Red Trail Energy, LLC owns and operates a 50-million-gallon annual name-plate production ethanol plant near Richardton, North Dakota. The principal products that the Company produces are ethanol, distillers grains, and corn oil. Ethanol is ethyl alcohol, a fuel component made primarily from corn and various other grains, which can be used as an octane enhancer in fuels; an oxygenated fuel additive for the purpose of reducing ozone and carbon monoxide vehicle emissions, and a non-petroleum-based gasoline substitute. It produces two forms of distillers grains: distillers dried grains and modified distillers grains. Modified distillers grains is processed corn mash that has been dried to approximately 50% moisture which has a shelf life of approximately seven days. Distillers dried grains is processed corn mash that has been dried to approximately 10% moisture. The primary uses of the corn oil that the Company produces are for animal feed, industrial uses, and biodiesel production.
RED TRAIL ENERGY, LLC 
