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.
Type | Public | |
Founded | 2000 | |
HQ | Granite Falls, MN, US | Map |
Website | granitefallsenergy.com |
USD | |
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Revenue (Q3, 2020) | 34.1m |
Gross profit (Q3, 2020) | (295.0k) |
Gross profit margin (Q3, 2020), % | (0.9%) |
Net income (Q3, 2020) | (1.3m) |
EBIT (Q3, 2020) | (1.8m) |
Market capitalization (5-Feb-2021) | 55.1m |
Closing stock price (5-Feb-2021) | 1.8k |
Cash (31-Jul-2020) | 6.8m |
EV | 102.5m |
USD | Q3, 2011 | Q4, 2011 | Q1, 2012 | Q2, 2012 | Q3, 2012 | Q1, 2013 | Q2, 2013 | Q1, 2014 | Q2, 2014 | Q3, 2014 | Q1, 2015 | Q2, 2015 | Q3, 2015 | Q1, 2016 | Q2, 2016 | Q3, 2016 | Q1, 2017 | Q2, 2017 | Q3, 2017 | Q1, 2018 | Q2, 2018 | Q3, 2018 | Q1, 2019 | Q2, 2019 | Q3, 2019 | Q1, 2020 | Q2, 2020 | Q3, 2020 |
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Revenue | 45.4m | 156.5m | 43.7m | 39.0m | 42.4m | 47.1m | 48.0m | 77.5m | 81.3m | 78.4m | 58.7m | 59.1m | 58.7m | 51.0m | 51.0m | 58.0m | 54.6m | 52.8m | 54.3m | 53.0m | 55.6m | 53.2m | 49.4m | 49.4m | 56.4m | 53.4m | 33.1m | 34.1m |
Cost of goods sold | 43.3m | 142.4m | 40.1m | 38.4m | 42.4m | 45.9m | 44.4m | 63.0m | 63.1m | 62.3m | 53.1m | 53.5m | 49.9m | 49.6m | 48.7m | 51.7m | 47.7m | 48.8m | 50.0m | 50.0m | 51.7m | 49.5m | 52.1m | 50.4m | 52.7m | 54.3m | 45.7m | 34.4m |
Gross profit | 2.1m | 14.2m | 3.7m | 657.4k | 54.7k | 1.2m | 3.6m | 14.4m | 18.2m | 16.0m | 5.6m | 5.5m | 8.8m | 1.4m | 2.3m | 6.3m | 6.8m | 4.0m | 4.2m | 3.0m | 3.8m | 3.7m | (2.7m) | (993.9k) | 3.7m | (942.5k) | (12.5m) | (295.0k) |
Gross profit Margin, % | 5% | 9% | 8% | 2% | 0% | 3% | 8% | 19% | 22% | 20% | 10% | 9% | 15% | 3% | 4% | 11% | 13% | 7% | 8% | 6% | 7% | 7% | (6%) | (2%) | 7% | (2%) | (38%) | (1%) |
USD | Q3, 2011 | Q4, 2011 | Q1, 2012 | Q2, 2012 | Q3, 2012 | Q1, 2013 | Q2, 2013 | Q1, 2014 | Q2, 2014 | Q3, 2014 | Q1, 2015 | Q2, 2015 | Q3, 2015 | Q1, 2016 | Q2, 2016 | Q3, 2016 | Q1, 2017 | Q2, 2017 | Q3, 2017 | Q1, 2018 | Q2, 2018 | Q3, 2018 | Q1, 2019 | Q2, 2019 | Q3, 2019 | Q1, 2020 | Q2, 2020 | Q3, 2020 |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Cash | 12.1m | 13.1m | 7.9m | 9.4m | 3.6m | 299.5k | 1.4m | 1.7m | 15.1m | 4.5m | 7.2m | 12.4m | 6.6m | 10.6m | 11.3m | 3.2m | 17.0m | 20.4m | 6.6m | 13.7m | 15.4m | 6.9m | 8.3m | 11.9m | 8.4m | 5.9m | 6.8m | |
Accounts Receivable | 4.6m | 3.8m | 5.0m | 4.2m | 5.6m | 7.7m | 6.2m | 11.9m | 12.4m | 4.4m | 9.0m | 4.9m | 5.3m | 1.9m | 6.9m | 4.4m | 609.6k | 2.2m | 7.4m | 4.5m | 2.6m | 5.7m | 7.3m | 5.2m | 2.0m | 159.8k | 1.5m | |
Prepaid Expenses | 156.5k | 177.8k | 330.0k | 255.1k | 201.0k | 391.5k | 262.3k | 1.3m | 662.4k | 689.8k | 712.5k | 465.7k | 1.9m | 454.4k | 451.6k | 398.0k | 584.9k | 565.7k | 702.7k | 596.9k | 615.6k | 1.0m | 1.1m | 885.3k | 1.1m | 1.1m | 841.7k | |
Inventories | 5.5m | 8.6m | 7.9m | 5.0m | 7.0m | 13.6m | 12.8m | 9.6m | 9.0m | 11.2m | 13.4m | 10.5m | 12.7m | 12.4m | 11.7m | 10.8m | 18.6m | 14.0m | 12.9m | 15.7m | 14.1m | 15.6m | 14.8m | 12.3m | 17.7m | 18.3m | 13.5m | 11.1m |
USD | Q3, 2011 | Q4, 2011 | Q1, 2012 | Q2, 2012 | Q3, 2012 | Q1, 2013 | Q2, 2013 | Q1, 2014 | Q2, 2014 | Q3, 2014 | Q1, 2015 | Q2, 2015 | Q3, 2015 | Q1, 2016 | Q2, 2016 | Q3, 2016 | Q1, 2017 | Q2, 2017 | Q3, 2017 | Q1, 2018 | Q2, 2018 | Q3, 2018 | Q1, 2019 | Q2, 2019 | Q3, 2019 | Q1, 2020 | Q2, 2020 | Q3, 2020 |
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Net Income | 7.9m | 12.3m | 3.0m | 3.2m | 2.6m | 221.4k | 3.3m | 10.6m | 24.8m | 45.7m | 4.2m | 8.2m | 15.6m | 26.5k | 738.9k | 5.6m | 5.6m | 8.0m | 10.7m | 1.5m | 3.7m | 5.8m | (4.5m) | (7.0m) | (4.9m) | (2.7m) | (17.7m) | (19.0m) |
Depreciation and Amortization | 2.9m | 4.0m | 1.0m | 2.1m | 3.2m | 1.2m | 2.3m | 2.3m | 4.6m | 5.9m | 2.4m | 4.7m | 7.2m | 2.4m | 4.8m | 7.2m | 2.5m | 5.0m | 7.1m | 2.3m | 4.6m | 6.9m | 2.4m | 4.7m | 7.1m | 2.4m | 4.7m | 7.0m |
Inventories | (1.2m) | (4.3m) | 702.7k | 3.6m | 1.6m | (2.0m) | (777.2k) | 2.8m | 3.4m | 1.2m | (2.7m) | 222.9k | (2.0m) | (214.0k) | 479.7k | (191.7k) | (271.1k) | 4.3m | 5.4m | (495.4k) | 1.1m | (378.4k) | 84.4k | 2.6m | (2.8m) | (4.5m) | 267.7k | 2.8m |
Accounts Payable | 1.6m | 871.7k | 741.7k | 37.8k | (1.1m) | (759.8k) | 404.9k | (1.8m) | (559.3k) | 283.7k | (810.0k) | (5.4m) | (5.5m) | (1.7m) | (830.9k) | (8.8k) | (7.6m) | (6.2m) | (5.3m) | (2.6m) | (3.0m) | (2.7m) | (5.8m) | (5.3m) | (1.7m) | (4.0m) | (9.4m) | (6.5m) |
USD | Q3, 2011 |
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Financial Leverage | 1 x |
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 and Rod Wilkison.
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 $208.8 m.
What is Granite Falls Energy revenue per employee?
Latest Granite Falls Energy revenue per employee is $2.5 m.
Who are Granite Falls Energy competitors?
Competitors of Granite Falls Energy include White Energy, Enviva Partners and MycoWorks.
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.
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