Lake Area Corn Processors Llc's Corporate Customers have recorded an advance in their cost of revenue by 3.57 % in the 2 quarter 2024 year on year, sequentially costs of revenue grew by 7.99 %. During the corresponding time, Lake Area Corn Processors Llc saw a revenue deteriorated by -33.35 % year on year, sequentially revenue grew by 5.99 %. While revenue at the Lake Area Corn Processors Llc's corporate clients recorded rose by 4.05 % year on year, sequentially revenue grew by 21.63 %.
Lake Area Corn Processors Llc's Customers have recorded an advance in their cost of revenue by 3.57 % in the 2 quarter 2024 year on year, sequentially costs of revenue grew by 7.99 %, for the same period Lake Area Corn Processors Llc revnue deteriorated by -33.35 % year on year, sequentially revenue grew by 5.99 %.
Lake Area Corn Processors Llc's Comment on Sales, Marketing and Customers
The company primarily uses corn supplied by its members, who are local agricultural producers, and also purchases corn on the open market for its production. It serves the ethanol production market, utilizing inputs such as natural gas, electricity, and water. Natural gas is purchased on the open market with transportation contracts through Northern Natural Gas and NorthWestern Energy. Electricity is supplied by Sioux Valley Energy, Inc., and water is provided by Big Sioux Community Water System, Inc. Since commencing operations in 2001, the company has experienced no interruptions in the supply of these essential inputs. Customers and market participants mentioned in filings include Big Sioux Community Water System, Inc., John Stewart & Associates, Northern Natural Gas, NorthWestern Energy, and Sioux Valley Energy, Inc.
Lake Area Corn Processors Llc’s Comment on Sales, Marketing and Customers
The company primarily uses corn supplied by its members, who are local agricultural producers, and also purchases corn on the open market for its production. It serves the ethanol production market, utilizing inputs such as natural gas, electricity, and water. Natural gas is purchased on the open market with transportation contracts through Northern Natural Gas and NorthWestern Energy. Electricity is supplied by Sioux Valley Energy, Inc., and water is provided by Big Sioux Community Water System, Inc. Since commencing operations in 2001, the company has experienced no interruptions in the supply of these essential inputs. Customers and market participants mentioned in filings include Big Sioux Community Water System, Inc., John Stewart & Associates, Northern Natural Gas, NorthWestern Energy, and Sioux Valley Energy, Inc.
Sources:
Lake Area Corn Processors Llc’s official press releases and regulatory filings; CSIMarket.com’s market research; and the financial filings and press releases of other companies cited in this report.
Updated on:
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