The Andersons’ ethanol profits soar in Q1 on higher margins

May 13, 2013 |

In Ohio, operating profits for the ethanol arm of The Andersons soared to $2.5 million during the first over just $100,000 last year thanks to improved ethanol margins, which Morgan Stanley estimates are currently around 29 cents per gallon, and on more income from ethanol co-products. Morgan Stanley estimates for ethanol margins include a 75 cents per gallon margin on co-products, meaning without them margins would be a loss of 46 cents per gallon. The drought and a west spring had negative impacts on the company’s other business groups.

Category: Fuels

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