6 unchanged sentences
Interest rates on our variable-rate debt are based on the market rate for the lender’s prime rate or SOFR.
−Removed: At March 31, 2026, we had $492.2 million in debt, $34.0 million of which had variable interest rates.
+Added: At June 30, 2026, we had $483.7 million in debt, $27.0 million of which had variable interest rates.
A 10% increase in interest rates would affect our interest cost by approximately $0.2 million per year.
13 unchanged sentences
Our results are impacted by a mismatch of gains or losses associated with the derivative instrument during a reporting period when the physical commodity purchases or sale has not yet occurred.
−Removed: During the three months ended March 31, 2026, revenues included net losses of $9.4 million, and cost of goods sold included net losses of $2.8 million associated with derivative financial instruments.
+Added: During the three and six months ended June 30, 2026, revenues included net losses of $9.2 million and $18.6 million, respectively, and cost of goods sold included net gains of $1.0 million and net losses of $1.8 million, respectively, associated with derivative financial instruments.
Ethanol Production Segment
2 unchanged sentences
Our results are impacted when there is a mismatch of gains or losses associated with the derivative instrument during a reporting period when the physical commodity purchases or sale has not yet occurred.
−Removed: Our exposure to market risk, which includes the impact of our risk management activities resulting from our fixed-price purchase and sale contracts and derivatives, is based on the estimated net income effect resulting from a hypothetical
−Removed: 10% change in price for the next 12 months starting on March 31, 2026, which is as follows (in thousands):
+Added: Our exposure to market risk, which includes the impact of our risk management activities resulting from our fixed-price purchase and sale contracts and derivatives, is based on the estimated net income effect resulting from a hypothetical 10% change in price for the next 12 months starting on June 30, 2026, which is as follows (in thousands):
Commodity Estimated Total Volume
24 unchanged sentences
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.