Quarterly report [Sections 13 or 15(d)]

Inventories

v3.26.1
Inventories
3 Months Ended
Mar. 31, 2026
Inventories [Abstract]  
INVENTORIES

3. INVENTORIES.

 

Inventories consisted primarily of bulk ethanol, specialty alcohols, corn, essential ingredients and unleaded fuel, and are valued at the lower of cost or net realizable value, with cost determined on a first-in, first-out basis. Inventory is net of a valuation allowance of $0 and $1,007,000 as of March 31, 2026 and December 31, 2025, respectively. Inventory balances consisted of the following (in thousands):

 

    March 31,
2026
    December 31, 2025  
Finished goods   $ 34,223     $ 40,735  
Raw materials     7,895       10,041  
Work in progress     4,252       4,620  
Other     6,461       6,280  
Total   $ 52,831     $ 61,676