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Cardinal Ethanol Llc  (CRDE)
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Cardinal Ethanol Llc's Customers Performance

CRDE

 
CRDE's Source of Revenues Cardinal Ethanol Llc's Customers have recorded an increase in their cost of revenue by 16.95 % in the 2 quarter 2022 year on year, sequentially costs of revenue grew by 13.18 %, for the same period Cardinal Ethanol Llc recorded revenue increase by 13.63 % year on year, sequentially revnue fell by -0.53 %.

List of CRDE Customers




Cardinal Ethanol Llc's Customers have recorded an increase in their cost of revenue by 16.95 % in the 2 quarter 2022 year on year, sequentially costs of revenue grew by 13.18 %, for the same period Cardinal Ethanol Llc recorded revenue increase by 13.63 % year on year, sequentially revnue fell by -0.53 %.

List of CRDE Customers


   
Customers Net Income grew in Q2 by Customers Net margin fell to %
11.56 % 5.56 %



Cardinal Ethanol Llc's Customers, Q2 2022 Revenue Growth By Industry
Customers in Chemical Manufacturing Industry -0.24 %   
Customers in Agricultural Production Industry      20.11 %
Customers in Food Processing Industry      15.32 %
     
• Customers Valuation • Segment Rev. Growth • Segment Inc. Growth • Customers Mgmt. Effect.


Cardinal Ethanol Llc's Comment on Sales, Marketing and Customers



Ethanol Distribution

We entered into an Ethanol Purchase and Sale Agreement with Murex, LLC ("Murex") for the purpose of marketing and distributing all of the ethanol we produce at the plant. The initial term of the agreement was five years commencing on the date of first delivery of ethanol with automatic renewal for one year terms thereafter unless otherwise terminated by either party. The agreement may be terminated due to the insolvency or intentional misconduct of either party or upon the default of one of the parties as set forth in the agreement.
Under the terms of the agreement, Murex markets all of our ethanol unless we choose to sell a portion at a retail fueling station owned by us or one of our affiliates. Murex pays to us the purchase price invoiced to the third-party purchaser less all resale costs, taxes paid by Murex and Murex's commission. Murex has agreed to purchase on its own account and at market price any ethanol which it is unable to sell to a third party purchaser. Murex has promised to use its best efforts to obtain the best purchase price available for our ethanol. In addition, Murex has agreed to promptly notify us of any and all price arbitrage opportunities. Under the agreement, Murex is responsible for all transportation arrangements for the distribution of our ethanol. On November 22, 2011, we amended our agreement to provide for an annual cap on the commission paid to Murex. We also agreed to extend the initial term of the agreement to an eleven year period, which now expires in 2019.

Distillers Grains Distribution
We have entered into an agreement with CHS, Inc. to market all distillers grains we produce at the plant. CHS, Inc. is a diversified energy, grains and foods company owned by farmers, ranchers and cooperatives. CHS, Inc. provides products and services ranging from grain marketing to food processing to meet the needs of its customers around the world. We receive a percentage of the selling price actually received by CHS, Inc. in marketing our distillers grains to its customers. The initial term of our agreement with CHS, Inc. was for one year commencing as of November 1, 2008. Thereafter, the agreement will remain in effect unless otherwise terminated by either party with 120 days notice. Under the agreement, CHS, Inc. is responsible for all transportation arrangements for the distribution of our distillers grains.
Corn Oil Distribution
We market and distribute all of the corn oil we produce directly to end users and third party brokers. Our corn oil is mainly used as an animal feed ingredient and as a feedstock in biodiesel production.


Cardinal Ethanol Llc's Comment on Sales, Marketing and Customers


Ethanol Distribution

We entered into an Ethanol Purchase and Sale Agreement with Murex, LLC ("Murex") for the purpose of marketing and distributing all of the ethanol we produce at the plant. The initial term of the agreement was five years commencing on the date of first delivery of ethanol with automatic renewal for one year terms thereafter unless otherwise terminated by either party. The agreement may be terminated due to the insolvency or intentional misconduct of either party or upon the default of one of the parties as set forth in the agreement.
Under the terms of the agreement, Murex markets all of our ethanol unless we choose to sell a portion at a retail fueling station owned by us or one of our affiliates. Murex pays to us the purchase price invoiced to the third-party purchaser less all resale costs, taxes paid by Murex and Murex's commission. Murex has agreed to purchase on its own account and at market price any ethanol which it is unable to sell to a third party purchaser. Murex has promised to use its best efforts to obtain the best purchase price available for our ethanol. In addition, Murex has agreed to promptly notify us of any and all price arbitrage opportunities. Under the agreement, Murex is responsible for all transportation arrangements for the distribution of our ethanol. On November 22, 2011, we amended our agreement to provide for an annual cap on the commission paid to Murex. We also agreed to extend the initial term of the agreement to an eleven year period, which now expires in 2019.

Distillers Grains Distribution
We have entered into an agreement with CHS, Inc. to market all distillers grains we produce at the plant. CHS, Inc. is a diversified energy, grains and foods company owned by farmers, ranchers and cooperatives. CHS, Inc. provides products and services ranging from grain marketing to food processing to meet the needs of its customers around the world. We receive a percentage of the selling price actually received by CHS, Inc. in marketing our distillers grains to its customers. The initial term of our agreement with CHS, Inc. was for one year commencing as of November 1, 2008. Thereafter, the agreement will remain in effect unless otherwise terminated by either party with 120 days notice. Under the agreement, CHS, Inc. is responsible for all transportation arrangements for the distribution of our distillers grains.
Corn Oil Distribution
We market and distribute all of the corn oil we produce directly to end users and third party brokers. Our corn oil is mainly used as an animal feed ingredient and as a feedstock in biodiesel production.








CRDE's vs. Customers, Data

(Revenue and Income for Trailing 12 Months, in Millions of $, except Employees)



COMPANY NAME MARKET CAP REVENUES INCOME EMPLOYEES
Cardinal Ethanol Llc 73.02 513.07 88.55 49
Monument Circle Acquisition Corp. 246.50 14,593.00 5.68 22,500
Bunge Limited 12,693.60 64,613.00 1,802.00 33,000
Ricebran Technologies 95.15 35.70 -11.75 264
Rayont Inc. 4.81 2.78 -0.39 4
Agritech Worldwide, Inc. 0.00 0.00 0.00 14
Archer daniels midland Co 45,695.60 94,364.00 3,634.00 38,100
Seaboard Corporation 3,949.74 10,422.00 428.00 10,772
Dow Inc. 32,134.80 60,129.00 6,700.00 35,700
General Mills Inc. 46,533.48 19,170.50 2,920.10 35,000
The J. M. Smucker Company 14,648.17 8,013.90 587.60 7,300
Conagra Brands Inc. 15,751.07 11,993.80 888.20 16,500
Life On Earth Inc 0.00 0.00 -4.48 0
Bab Inc 5.81 3.16 0.39 17
Inventure Foods, Inc. 79.06 191.77 -66.82 1,100
Cerevel Therapeutics Holdings Inc. 4,190.84 0.00 -384.10 44
Golden Growers Cooperative 66.27 99.55 7.50 1
S and w Seed Co 28.70 71.35 -36.32 69
Chs Inc. 0.00 44,833.32 1,495.97 0
Green Plains Partners Lp 283.14 77.10 40.21 35
SUBTOTAL 176,406.72 328,613.93 18,005.78 200,420
       
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