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Highwater Ethanol ( (HEOL) ) has provided an announcement.
In a January 2026 update, Highwater Ethanol reported that on December 12, 2025 it surpassed a major operational milestone of producing 1 billion gallons of ethanol since operations began in August 2009, underscoring 17 years of continuous growth and efficiency gains. For the fiscal year ended October 31, 2025, the company filed its annual report on January 22, 2026, disclosing net income of approximately $16.3 million, supported in part by $10.4 million in Section 45Z tax credits, and paid a December 2025 distribution of $1,400 per unit, contributing to total payouts of $13,500 per unit from 2021–2025. Operationally, Highwater maintained strong margins and top-tier plant efficiencies, averaging 3.07 gallons of denatured ethanol and 1.069 pounds of corn oil per bushel during fiscal 2025, aided by process upgrades such as a fifth fermenter and additional equipment. The company has been operating at its current permitted capacity of 70.2 million gallons annually and in December 2025 applied to the Minnesota Pollution Control Agency to raise that cap to 85 million gallons, a move that would support further growth and efficiency. Highwater also expanded its participation in low-carbon markets, marketing a portion of production as cellulosic ethanol approved by the California Air Resources Board and securing federal D3 RIN pathway approval in 2025, while awaiting Canadian approvals and monitoring evolving policies around CO2 sequestration and clean fuel tax credits that could deliver additional per-gallon benefits. Management highlighted robust 2025 ethanol industry margins, increased domestic and export demand, record-quality local corn supply, and ongoing efforts to capture more market share and support higher-blend ethanol adoption, even as regulatory uncertainty around federal clean fuel incentives and CO2 infrastructure may advantage plants in states with sequestration pathways and shape competitive dynamics in the years ahead.
More about Highwater Ethanol
Highwater Ethanol, LLC is a Minnesota-based bioenergy producer focused on fuel-grade ethanol and related co-products such as corn oil, serving both domestic and export markets. The company positions itself as a low-cost, efficient, high-quality producer, sourcing corn from local growers and promoting higher ethanol blend usage, including E10, E15, E30 and E85, while engaging in industry advocacy through state and national renewable fuel associations.
Average Trading Volume: 1
Technical Sentiment Signal: Sell
Current Market Cap: $57.02M
Find detailed analytics on HEOL stock on TipRanks’ Stock Analysis page.