Granite Falls Energy

OverviewSuggest Edit

Granite Falls Energy, LLC owns and operates a fuel-grade ethanol plant. The company's business consists primarily of producing ethanol and its related co-products, including wet, modified and dried distillers’ grains, as well as corn oil. Granite Falls Energy ethanol production operations are carried out at our ethanol plant located in Granite Falls, Minnesota and at the ethanol plant operated by HLBE located near Heron Lake, Minnesota. 

Additionally, the company has a principal co-product of the ethanol production process which is distillers’ grains, a high-protein and high-energy animal feed ingredient primarily marketed to the dairy and beef industries. GFE also extracts non-edible crude corn oil during the thin stillage evaporation process immediately prior to production of distillers’ grains.

TypePublic
Founded2000
HQGranite Falls, US
Websitegranitefallsenergy.com

Locations

Granite Falls Energy is headquartered in
Granite Falls, United States

Location Map

Latest Updates

Employees (est.) (Oct 2017)82(-1%)
Revenue (FY, 2018)$210.3 M(-2%)

Key People/Management at Granite Falls Energy

Paul Enstad

Paul Enstad

Chairman
Rod Wilkison

Rod Wilkison

Vice Chairman
Dean Buesing

Dean Buesing

Secretary
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Granite Falls Energy Office Locations

Granite Falls Energy has an office in Granite Falls
Granite Falls, US (HQ)
Granite Falls, MN 56241, USA
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Granite Falls Energy Financials and Metrics

Granite Falls Energy Revenue

Granite Falls Energy's revenue was reported to be $210.31 m in FY, 2018
USD

Revenue (FY, 2018)

210.3m

Gross profit (FY, 2018)

9.6m

Gross profit margin (FY, 2018), %

4.6%

Net income (FY, 2018)

3.4m

EBIT (FY, 2018)

3.3m

Cash (31-Oct-2018)

14.9m

EV

78.8m
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018

Revenue

224.1m301.0m231.3m215.5m215.8m210.3m

Revenue growth, %

34%(23%)(7%)

Cost of goods sold

198.6m194.7m200.7m

Gross profit

16.9m21.1m9.6m
Quarterly
USDQ1, 2014Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018

Revenue

77.5m58.7m51.0m51.0m58.0m54.6m52.8m54.3m53.0m55.6m53.2m

Cost of goods sold

63.0m49.9m49.6m48.7m51.7m47.7m48.8m50.0m50.0m51.7m49.5m

Gross profit

14.4m8.8m1.4m2.3m6.3m6.8m4.0m4.2m3.0m3.8m3.7m

Gross profit Margin, %

19%15%3%4%11%13%7%8%6%7%7%
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018

Cash

1.2m27.2m12.7m13.8m21.7m14.9m

Accounts Receivable

6.5m9.3m9.7m6.7m7.6m7.3m

Inventories

12.4m398.5k12.2m18.3m15.2m14.9m

Current Assets

21.5m49.4m35.5m40.3m45.2m38.6m
Quarterly
USDQ1, 2014Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018

Cash

1.7m6.6m10.6m11.3m3.2m17.0m20.4m6.6m13.7m15.4m

Accounts Receivable

11.9m5.3m1.9m6.9m4.4m609.6k2.2m7.4m4.5m2.6m

Inventories

9.6m12.4m11.7m10.8m18.6m14.0m12.9m15.7m14.1m15.6m

Current Assets

25.4m26.8m25.4m32.2m27.4m32.8m36.5m31.1m34.6m35.0m
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018

Net Income

10.0m48.8m13.6m11.2m15.1m3.4m

Depreciation and Amortization

5.5m9.3m9.7m9.7m9.4m9.2m

Inventories

1.9m698.0k(1.5m)(6.1m)3.1m324.3k

Accounts Payable

(6.0k)(336.1k)(4.4m)5.3m(3.7m)2.7m
Quarterly
USDQ3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018

Net Income

5.4m26.5k738.9k5.6m5.6m8.0m10.7m1.5m3.7m5.8m

Depreciation and Amortization

2.4m4.8m7.2m5.0m7.1m2.3m4.6m6.9m

Inventories

11.2m13.4m10.5m12.7m(214.0k)479.7k(191.7k)18.6m4.3m5.4m(495.4k)1.1m(378.4k)

Accounts Payable

6.2m7.7m3.9m3.3m(1.7m)(830.9k)(8.8k)3.5m(6.2m)(5.3m)(2.6m)(3.0m)(2.7m)
USDY, 2018

EV/EBIT

23.9 x

EV/CFO

5.1 x
Show all financial metrics

Granite Falls Energy Frequently Asked Questions

  • When was Granite Falls Energy founded?

    Granite Falls Energy was founded in 2000.

  • Who are Granite Falls Energy key executives?

    Granite Falls Energy's key executives are Paul Enstad, Rod Wilkison and Dean Buesing.

  • How many employees does Granite Falls Energy have?

    Granite Falls Energy has 82 employees.

  • What is Granite Falls Energy revenue?

    Latest Granite Falls Energy annual revenue is $210.3 m.

  • What is Granite Falls Energy revenue per employee?

    Latest Granite Falls Energy revenue per employee is $2.6 m.

  • Who are Granite Falls Energy competitors?

    Competitors of Granite Falls Energy include Heron Lake BioEnergy, Enviva Partners and MycoWorks.

  • Where is Granite Falls Energy headquarters?

    Granite Falls Energy headquarters is located at Granite Falls, MN 56241, USA, Granite Falls.

  • Where are Granite Falls Energy offices?

    Granite Falls Energy has an office in Granite Falls.

  • How many offices does Granite Falls Energy have?

    Granite Falls Energy has 1 office.