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Lake Area Corn Processors Llc  (LKCRU)
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Price: $6.0800 $1.83 43.059%
Day's High: $6.08 Week Perf:
Day's Low: $ 6.00 30 Day Perf:
Volume (M): 45 52 Wk High: $ 6.08
Volume (M$): $ 274 52 Wk Avg: $5.17
Open: $6.06 52 Wk Low: $4.24



 Market Capitalization (Millions $) 179
 Shares Outstanding (Millions) 29
 Employees 39
 Revenues (TTM) (Millions $) 249
 Net Income (TTM) (Millions $) 0
 Cash Flow (TTM) (Millions $) 2
 Capital Exp. (TTM) (Millions $) 4

Lake Area Corn Processors Llc

Lake Area Corn Processors, LLC is a South Dakota limited liability company that owns and manages an ethanol plant that has a nameplate production capacity of 40 million gallons of ethanol per year through its wholly-owned subsidiary Dakota Ethanol, L.L.C. The ethanol plant is located near Wentworth, South Dakota. Lake Area Corn Processors, LLC is referred to in this report as "LACP," the "Company," "we," or "us." Dakota Ethanol, L.L.C. is referred to in this report as "Dakota Ethanol" or the "ethanol plant."

LACP was formed as a South Dakota cooperative on May 25, 1999. On August 20, 2002, our members approved a plan to reorganize into a South Dakota limited liability company. The reorganization became effective on August 31, 2002, and the assets and liabilities of the cooperative were transferred to the newly formed limited liability company. Following the reorganization, our legal name was changed to Lake Area Corn Processors, LLC.

Our ownership of Dakota Ethanol represents our primary asset and source of revenue. Since we operate Dakota Ethanol as a wholly-owned subsidiary, all net income generated by Dakota Ethanol is passed to LACP. We make distributions of the income received from Dakota Ethanol to our unit holders in proportion to the number of units held by each member compared to the units held by our members generally.

Ethanol

Ethanol is ethyl alcohol, a fuel component made primarily from corn and various other grains. Ethanol is primarily used as: (i) an octane enhancer in fuels; (ii) an oxygenated fuel additive for the purpose of reducing ozone and carbon monoxide vehicle emissions; and (iii) a non-petroleum-based gasoline substitute. Ethanol produced in the United States is primarily used for blending with unleaded gasoline and other fuel products. Ethanol blended fuel is typically designated in the marketplace according to the percentage of the fuel that is ethanol, with the most common fuel blend being E10, which includes 10% ethanol. The United States Environmental Protection Agency ("EPA") has approved the use of gasoline blends that contain 15% ethanol, or E15, for use in all vehicles manufactured in model year 2001 and later. In addition, flexible fuel vehicles can use gasoline blends that contain up to 85% ethanol called E85.

An ethanol plant is essentially a fermentation plant. Ground corn and water are mixed with enzymes and yeast to produce a substance called "beer," which contains approximately 15% alcohol, 11% solids and 74% water. The "beer" is boiled to separate the water, resulting in ethyl alcohol, which is then dehydrated to increase the alcohol content. This product is then mixed with a certified denaturant, such as gasoline, to make the product unfit for human consumption which allows it to be sold commercially.

Distillers Grains

A principal co-product of the ethanol production process is distillers grains, a high protein, high-energy animal feed supplement primarily marketed to the dairy and beef industry. We primarily produce distillers grains in two forms, modified/wet distillers grains and dried distillers grains. Modified/wet distillers grains have a higher moisture content than dried distillers grains. Our modified/wet distillers grains are sold primarily in our local market because they have a shorter shelf life and are more expensive to transport than dried distillers grains.

Corn Oil

We separate a portion of the corn oil contained in our distillers grains which we market separately from our distillers grains. The corn oil that we produce is not food grade corn oil and therefore cannot be used for human consumption. The primary uses for the corn oil that we produce are animal feed, industrial uses and biodiesel production.




   Company Address: 46269 SD Highway 34 Wentworth, 57075 SD
   Company Phone Number: 483-2676   Stock Exchange / Ticker: LKCRU
   


Customers Net Income fell by LKCRU's Customers Net Profit Margin fell to

-35.5 %

8.5 %

• Customers Performance • Customers Expend. • Customers Efficiency • List of Customers


   

Stock Performances by Major Competitors

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CRDE      0% 
GEVO   -0.4%    
GPRE        3.22% 
REGX        3.22% 
REX   -2.27%    
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Lake Area Corn Processors Llc

Lake Area Corn Processors LLC Defies Revenue Decrease with Impressive Earnings Growth

Lake Area Corn Processors LLC, a chemical manufacturing company, has reported its financial results for the fiscal period ending December 31, 2023. Despite a decrease in revenue of -10.168% to $61.50 million year-on-year, the company saw a significant increase in earnings, which jumped by 52.68% to $0.92 per share. This impressive growth in earnings can be attributed to a 70.09% increase in earnings per share from the prior quarter.
In the October to December 31, 2023 interval, Lake Area Corn Processors LLC achieved earnings of $0.000 million, a remarkable improvement of 55.43% from the break-even achieved in the corresponding reporting season a year ago. It is worth noting that the company reported smaller operating income at $9.884316 million compared to the previous year. However, the operating margin surpassed that of the corresponding period, indicating improved efficiency in the company's operations.

Lake Area Corn Processors Llc

LKCRU's Profits Skyrocketed by 145.45% for Fiscal Year Ending September 30, 2023

Lake Area Corn Processors LLC, a leading corn processing company, has just released its financial results for the fiscal time-frame closing September 30, 2023. The company's earnings per share (EPS) saw a remarkable growth of 145.45% to reach $0.54 per share, compared to $0.22 per share in the previous year. This significant increase in EPS demonstrates the company's strong financial performance and ability to generate profits.
Furthermore, Lake Area Corn Processors LLC witnessed a remarkable 86.21% increase in income per share from the prior quarter, reaching $0.29 per share. This improvement indicates the company's efficiency in utilizing its resources and generating more income per share for its shareholders.

Lake Area Corn Processors Llc

Lake Area Corn Processors Llc's EPS Plummets by -23.68% in Q2 2022, Signalling Struggle for Growth and Profitability

Lake Area Corn Processors Llc, a leading Chemical Manufacturing company, recently announced disappointing financial numbers for the second quarter of 2022. The company's earnings per share (EPS) deteriorated by -23.68% to $0.29 from $0.38, while its revenue depreciated by -1.668% to $74.18 million year on year.
Compared to the prior quarter, the company did show some improvement in EPS from $0.12 per share. However, its revenue decreased by -4.704% from $77.84 million. These numbers indicate a struggle for Lake Area Corn Processors Llc to generate growth and maintain profitability.

Lake Area Corn Processors Llc

Lake Area Corn Processors LLC Shatters Records with Extraordinary Q3 Numbers

Lake Area Corn Processors LLC has showcased impressive growth in their most recent fiscal period, with promising numbers in income per share and revenue. The company's income per share rallied by 100% year-on-year to $0.12 per share, while revenue saw a remarkable increase of 20.776% to $77.84 million. Compared to the previous fiscal period, EPS dropped by -80.05% from $0.60 per share, and revenue increased only by 13.693% from $68.47 million. It is still an achievement worth noting, and the company's management is content with the efforts and commitment of their team.
Lake Area Corn Processors LLC continues to work on significant headwinds and remains committed to meeting overall client interests while maintaining profitability. The management is confident in their team's ability to accurately deal with these challenges. They expect these efforts to bear fruit in the upcoming financial year.






 

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