Red Trail Energy, Llc Reports Earnings Results for the Second Quarter Ended March 31, 2021
May 14, 2021 at 12:17 pm EDT
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Red Trail Energy, LLC announced earnings results for the second quarter ended March 31, 2021. For the second quarter, the company announced sales was USD 34.264 million compared to USD 23.638 million a year ago. Operating income was USD 5.215 million compared to operating loss of USD 3.394 million a year ago. Net income was USD 6.093 million compared to net loss of USD 3.235 million a year ago. Basic earnings per share from continuing operations was USD 0.15 compared to basic loss per share from continuing operations of USD 0.08 a year ago. For the half year, sales was USD 61.821 million compared to USD 49.979 million a year ago. Operating income was USD 7.459 million compared to operating loss of USD 4.692 million a year ago. Net income was USD 8.359 million compared to net loss of USD 4.487 million a year ago. Basic earnings per share from continuing operations was USD 0.21 compared to basic loss per share from continuing operations of USD 0.11 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 
