Margin Calc. for Q4
36 mln x .2975c =$10,710,000 Dollars In Earnings for Q4 if Margins Remain Stagnant @ Fri Price for the Qaurter.
Revenue Of Aprox $250,000,000 for Q4
Columbia Broad ,OR 40 mln Gal
Majic Valley Burly,ID 60 mln Gal
Stockton Stockton,CA. 60 mln Gal
160 mln Gal x .67% = 107,200,000 mln Gal
107,200,000/4 = 26,800,000
26,800,000 + 3rd Party Gallons = Aprox. 36 mln Gal.
Depending On How Much Kinergy Sold
Margin Calc.
West Coast Ethanol $2.57 a gallon
Corn December 2012 $7.48
$7.48/3 = $2.493
$2.493 x 2 = $4.986
MILO $6.83
$6.83/3 = $2.276
2/3 Corn $4.986 + 1/3 Milo $2.276 =
$7.262 per Bushel Of Feed Stock
1.Ethanol + WDGS = $2.57 + $0.8904 = $3.4604
2.Feed Stock = $7.262/2.8 = 2.593
3.Natural Gas = .09
4.Enzymes = .04
5.Yeast = .03
6.Electricity = .03
7.Denaturants = .08
8.Other Costs = .30 (Wages,water,mainenance etc.)
Gross Operating Margin Is Line 1 Minus the sum of lines 2 thru 8
$3.4604 - $3.163 = $0.2974c
Current Margins @ Todays Corn & Milo Prices
= .29 3/4 c Per Gallon