Granite Falls Energy, LLC (GFGY)
Granite Falls Energy, LLC operates in the Oil & Gas Refining & Marketing industry of the Energy sector, headquartered in Granite Falls, MN, US. The stock last traded at $4866.00, up 0.00% on the session, giving a market capitalisation of $148.9M. On trailing twelve-month figures it carries a trailing P/E of 8.34, a net margin of 5.8%. Its beta of -0.76 implies it has historically moved less than the broad market.
Granite Falls Energy, LLC, along with its subsidiaries, is engaged in the production and sale of ethanol and its various co-products across the continental United States. The company's offerings include wet, modified wet, and dried distillers' grains, as well as corn oil and corn syrup. Derived from corn and other grains, their ethanol serves as a vital fuel component for wholesale gasoline distributors and blenders. It acts as an octane enhancer, an oxygenated fuel additive designed to reduce ozone and carbon monoxide emissions, a non-petroleum-based gasoline substitute, and a renewable fuel contributing to the displacement of imported oil. Among its other key co-products, distillers' grains are utilized as an animal feed ingredient within the beef and dairy industries. Corn oil is primarily marketed as a feedstock for biodiesel production and as an animal feed supplement. Corn syrup is another valuable byproduct of their ethanol manufacturing. Beyond its core operations, the company also manages a 190-mile natural gas pipeline. Granite Falls Energy relies on third-party marketers for the distribution of its ethanol and distillers' grains, while corn oil is sold directly to diesel manufacturers. The company also maintains an active export business for its products. Established in 2000, Granite Falls Energy, LLC has its headquarters situated in Granite Falls, Minnesota.
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