Revenue (Tables)

6 Months Ended

Jun. 30, 2024

Revenue from Contract with Customer [Abstract]

Disaggregation of Revenue by Major Source

The following tables disaggregate revenue by major source (in thousands):

	Three Months Ended June 30, 2024
	Ethanol Production		Agribusiness & Energy Services		Eliminations		Total
Revenues
Revenues from contracts with customers under ASC 606
Ethanol	$	—	$	—	$	—	$	—
Distillers grains	23,279		518		—		23,797
Renewable corn oil	—		—		—		—
Other	15,270		2,056		—		17,326
Intersegment revenues	1,179		75		(1,254)		—
Total revenues from contracts with customers	39,728		2,649		(1,254)		41,123
Revenues from contracts accounted for as derivatives under ASC 815 (1)
Ethanol	387,096		86,123		—		473,219
Distillers grains	63,845		5,563		—		69,408
Renewable corn oil	33,405		—		—		33,405
Other	1,369		301		—		1,670
Intersegment revenues	—		6,313		(6,313)		—
Total revenues from contracts accounted for as derivatives	485,715		98,300		(6,313)		577,702
Total Revenues	$	525,443	$	100,949	$	(7,567)	$	618,825

	Six Months Ended June 30, 2024
	Ethanol Production		Agribusiness & Energy Services		Eliminations		Total
Revenues
Revenues from contracts with customers under ASC 606
Ethanol	$	—	$	—	$	—	$	—
Distillers grains	48,079		518		—		48,597
Renewable corn oil	—		—		—		—
Other	29,617		4,468		—		34,085
Intersegment revenues	2,392		164		(2,556)		—
Total revenues from contracts with customers	80,088		5,150		(2,556)		82,682
Revenues from contracts accounted for as derivatives under ASC 815 (1)
Ethanol	737,208		159,498		—		896,706
Distillers grains	141,768		15,253		—		157,021
Renewable corn oil	67,565		—		—		67,565
Other	4,473		7,592		—		12,065
Intersegment revenues	—		12,452		(12,452)		—
Total revenues from contracts accounted for as derivatives	951,014		194,795		(12,452)		1,133,357
Total Revenues	$	1,031,102	$	199,945	$	(15,008)	$	1,216,039

	Three Months Ended June 30, 2023
	Ethanol Production		Agribusiness & Energy Services		Eliminations		Total
Revenues
Revenues from contracts with customers under ASC 606
Ethanol	$	—	$	—	$	—	$	—
Distillers grains	20,027		—		—		20,027
Renewable corn oil	—		—		—		—
Other	9,473		1,822		—		11,295
Intersegment revenues	1,133		42		(1,175)		—
Total revenues from contracts with customers	30,633		1,864		(1,175)		31,322
Revenues from contracts accounted for as derivatives under ASC 815 (1)
Ethanol	551,388		118,487		—		669,875
Distillers grains	101,533		11,452		—		112,985
Renewable corn oil	37,725		5		—		37,730
Other	7,656		(1,936)		—		5,720
Intersegment revenues	—		5,951		(5,951)		—
Total revenues from contracts accounted for as derivatives	698,302		133,959		(5,951)		826,310
Total Revenues	$	728,935	$	135,823	$	(7,126)	$	857,632

	Six Months Ended June 30, 2023
	Ethanol Production		Agribusiness & Energy Services		Eliminations		Total
Revenues
Revenues from contracts with customers under ASC 606
Ethanol	$	—	$	—	$	—	$	—
Distillers grains	42,594		—		—		42,594
Renewable corn oil	—		—		—		—
Other	19,059		10,272		—		29,331
Intersegment revenues	2,238		94		(2,332)		—
Total revenues from contracts with customers	63,891		10,366		(2,332)		71,925
Revenues from contracts accounted for as derivatives under ASC 815 (1)
Ethanol	1,049,575		207,126		—		1,256,701
Distillers grains	215,901		22,815		—		238,716
Renewable corn oil	82,021		721		—		82,742
Other	15,265		25,232		—		40,497
Intersegment revenues	—		11,949		(11,949)		—
Total revenues from contracts accounted for as derivatives	1,362,762		267,843		(11,949)		1,618,656
Total Revenues	$	1,426,653	$	278,209	$	(14,281)	$	1,690,581

(1)Revenues from contracts accounted for as derivatives represent physically settled derivative sales that are outside the scope of ASC 606.