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Highwater Ethanol, LLC

Highwater Ethanol, LLC

HEOL
Highwater Ethanol, LLCUS flagOther OTC
17,000.00
USD
-250.00
- -
80.73MMarket Cap
Highwater Ethanol, LLC
HEOL
(Other OTC)

Recent

price

17,000.00

P/E

ratio

- -

div

yld

- -

ROIC.AI

2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
FRC
21,168.9
32,379.17
31,627.02
34,056.61
28,184.37
22,256.61
20,110.84
20,733.38
19,722.42
20,222.31
20,249.04
33,149.03
46,487.45
41,844.09
29,831.53
29,707.27
30,649.91
Revenue per Share
555.7
1,038.43
-832.81
973.97
4,428.46
1,020.3
106.23
728.03
-1,279.48
-1,720.57
-1,325.46
2,869.87
6,998.2
3,518.88
1,286.27
3,435.75
6,465.92
Basic EPS, GAAP
1,360.21
1,720.04
778.43
2,356.29
5,529.87
2,285.98
1,244.19
2,575.65
912.75
615.02
-51.61
4,680.42
9,547.76
6,107.24
2,972.07
730.35
4,373.38
Free Cash Flow per Basic Share
- -
- -
100.95
- -
- -
1,125
401.3
349.14
344.96
- -
- -
- -
3,807.41
3,203.7
3,399.64
1,700.18
1,399.95
Dividend per Share
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Book Value per Share
9,281.58
10,311.29
9,394.75
10,361.98
14,792.39
14,660.23
14,400.89
14,922.21
13,356.44
11,641.6
10,319.23
13,202.9
16,441.22
16,752.86
14,650.06
16,387.58
17,915.29
Tangible Book Value per Share
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Basic Weighted Avg Shares
105
160
157
169
140
110
99
100
95
97
97
159
221
199
142
141
146
Sales/Revenue/Turnover
7.64
5.66
-0.6
4.48
18.61
4.98
0.71
4
-5.97
-7.93
-6.28
7.76
13.07
7.72
3.31
10.91
20.58
Operating Margin (%)
7
7
7
7
7
7
8
8
9
9
9
10
10
10
8
6
6
Depreciation Expense
3
5
-4
5
22
5
1
4
-6
-8
-6
14
33
17
6
16
31
Net Income, GAAP
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Effective Tax Rate (%)
2.63
3.21
-2.63
2.86
15.71
4.58
0.53
3.51
-6.49
-8.51
-6.55
8.66
15.05
8.41
4.31
11.57
21.1
Profit Margin (%)
3
8
5
8
17
11
7
5
3
2
3
10
33
42
34
32
34
Working Capital
56
51
48
41
24
19
14
8
7
7
11
2
1
1
1
- -
- -
LT Debt
46
51
47
51
73
73
71
72
64
56
50
63
78
80
70
78
85
Total Equity
- -
8.44
- -
7.78
26.12
5.56
0.76
4.7
- -
- -
- -
18.6
39.14
19.16
6.22
20.68
40.65
Return on Invested Capital (%)
- -
16.76
- -
18.38
67.89
23.73
6.3
30.4
- -
- -
- -
145.72
1,055.67
1,458.43
703.05
2,328.21
4,835.55
Return on Capital (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Oct'25
Jan'26
Apr'26
ST Debt
- -
- -
- -
LT Borrowings
- -
- -
- -
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
- -
- -
- -
Market Capitalization
- -
- -
- -

Working Capital

FRC

•

in mil. unless spec.
Oct'25
Jan'26
Apr'26
Total Current Assets
43
37
42
Cash, Cash Equivalents & STI
23
20
23
Accounts Receivable, Net
1
2
2
Inventories
17
15
16
Total Current Liabilities
12
10
8
Payables & Accruals
11
10
8
ST Debt
- -
- -
- -
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
1.65%
10.48%
11.81%
Free Cash Flow
-934.95%
-1,840.24%
-75.44%
Net Income, GAAP
10.04%
-23.91%
167%
Sales/Revenue/Turnover
5.16%
12.68%
-0.46%
Total Cash Common Dividend
- -
- -
-50.01%

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
37
33
37
35
142
2025
33
35
35
38
141
2026
34
38
- -
- -
- -

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
173.72
-336.39
1,009.49
- -
1,286.27
2025
1.75
-100.95
353.16
- -
3,435.75
2026
1,180.54
1,750.34
- -
- -
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
3,399.64
- -
- -
- -
3,399.64
2025
1,699.82
- -
- -
- -
1,700.18
2026
1,399.85
- -
- -
- -
- -
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Business
Highwater Ethanol, LLC (HEOL) produces and sells fuel-grade ethanol and co-products from the ethanol production process, including distillers grains and corn oil, primarily through third-party marketers in the continental United States. The company manufactures ethanol from corn and other grains as an octane enhancer, oxygenated fuel additive to reduce emissions, and gasoline substitute; distillers grains serve as high-protein animal feed supplements for dairy, swine, poultry, and beef industries; and corn oil functions as biodiesel feedstock, feed ingredient, and for industrial applications. Highwater Ethanol operates its facility in the bioenergy sector, targeting fuel blenders, livestock producers, and renewable fuel markets. Founded in 2006 and headquartered at 24500 US Highway 14, Lamberton, Minnesota 56152, the company maintains a focused ethanol production model with approximately 43 employees and fiscal year ending October. It sources corn locally, employs natural gas for drying distillers grains, and provides investor resources including SEC filings and newsletters. In recent developments, Highwater Ethanol reports strong demand for renewable fuels, with CEO Brian Kletscher highlighting projected Q3 2025 earnings of $2.60 to $2.64 per share, up from $2.01 in Q2 2025, amid favorable market conditions. The company sustains operational enhancements, including a prior production capacity increase without major capital outlay, and actively manages corn procurement through programs like its Fall 2025 DP initiative with prorated storage costs.[website] It continues monitoring biofuels sector dynamics, such as ethanol M&A activity and policy supports like E15, without reported acquisitions, partnerships, or strategic shifts in 2024-2025.[website]