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Highwater Ethanol, Llc(OTC) HEOL

Market Cap$69.12MMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.
Since IPO (2012)+268%
5 Year+586%
1 Year+19%
1 Month-1%
$14,555.00
-2.97%
-445.05Today
Highwater Ethanol, Llc last closing stock price
MetricPriceDate
Last closeUSD 14,555.002026-07-01
Highwater Ethanol, Llc stock price return by period
PeriodPrice returnPrice at period startPeriod start date
1 week-1.32%USD 14,750.002026-05-14
1 month-1.32%USD 14,750.002026-05-14
3 month+11.11%USD 13,100.002026-03-31
Year to date+21.29%USD 12,000.002025-12-23
1 year+18.7%USD 12,261.822024-09-19
3 year+54.69%USD 9,409.072023-04-20
5 year+586.37%USD 2,120.572021-06-30
Since inception+268.19%USD 3,953.122012-03-22

Highwater Ethanol, Llc Financials at a Glance

Market Cap

$69.12MMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.

Revenue (TTM)

$145.64M

Net Income (TTM)

$30.72M

EPS (TTM)

$6,465.83

P/E Ratio

2.25

Dividend

$1,400.00

Beta (Volatility)

-0.00 (Low)

Price

$14,555.00

Volume

1

Open

$14,555.00

Previous Close

$14,555.00

Daily Range

$14,555.00 - $14,555.00

52-Week Range

$11,000.00 - $15,750.00

Estimated Earnings Date

Mar 2, 2026

HEOL News

No articles available.

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About Highwater Ethanol, Llc

Highwater Ethanol makes fuel and animal feed from corn. Its ethanol helps reduce car emissions for drivers. Animal farmers use its distillers grains to feed livestock.

What’s in the Tank? Highwater’s Main Products

  • Ethanol (74% of revenue in fiscal year 2024): Corn-based fuel additive that boosts gasoline performance and lowers emissions for drivers and fuel blenders.
  • Distillers Grains (18% of revenue in fiscal year 2024): High-protein animal feed supplement, sold to dairy, beef, swine, and poultry producers.
  • Corn Oil (8% of revenue in fiscal year 2024): Extracted from corn, used in biodiesel production, animal feed, and industrial applications.
  • High Purity Alcohol: Limited production for sanitizer and industrial markets, with potential to expand if fuel margins fall.

Growth and Expansion: Corny Moves and Smart Partnerships

  • Launched in 2006, began commercial production at its Minnesota plant in 2009.
  • Secured exclusive marketing agreements with RPMG for ethanol, distillers grains, and corn oil (ongoing).
  • Expanded lab and office space in 2024 to support quality control and operations.
  • Added a new fermentation tank in 2024 to boost plant efficiency.
  • Maintains flexibility to shift production to high purity alcohol during low ethanol margin periods.

What Makes Highwater Ethanol Stand Out?

Highwater relies on exclusive, long-term marketing partnerships for stable distribution. Its single plant operates above original capacity due to upgrades. The company actively manages commodity price risks using financial contracts.

Five Things You Need to Know

  • Revenue was $141.8 million in FY 2024, down 28.7% from FY 2023.
  • Ethanol sales made up 74% of revenue in FY 2024.
  • Gross profit margin fell to 6.4% in FY 2024 from 9.8% in FY 2023.
  • Net income was $6.1 million in FY 2024, down 63.5% year-over-year.
  • No long-term debt as of October 31, 2024; $33.8 million in cash reserves.

Bottom Line

Highwater Ethanol has adapted to volatile markets with flexible production and strong marketing partnerships. Its focus remains on efficient corn-based fuel and feed production.

AI Generated • Apr 16, 2026

Industry

Oil, Gas and Consumable Fuels

Sector

Energy

Employees

43

CEO

Brian D. Kletscher

Website

www.highwaterethanol.com

Headquarters

Lamberton, MN 56152, US

HEOL Financials

Key Financial Metrics (TTM)

Gross Margin

10.88%

Operating Margin

8.04%

Net Income Margin

21.10%

Return on Equity

36.94%

Return on Capital

4.54%

Return on Assets

32.71%

Earnings Yield

44.44%

Dividend Yield

9.62%

Payout Ratio

4.65%

Stock Overview

Market Cap

$69.12MMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.

Shares Outstanding

4.70K

Volume

1

Avg. Volume

0.191

Financials (TTM)

Gross Profit

$15.84M

Operating Income

$11.70M

EBITDA

$16.80M

Operating Cash Flow

$20.78M

Capital Expenditure

-$4.68M

Free Cash Flow

$16.10M

Cash & ST Invst.

$22.97M

Total Debt

$568.07K

Highwater Ethanol, Llc Performance Analysis

Highwater Ethanol, Llc annual revenue and year-over-year revenue growth by fiscal year
Fiscal yearPeriod endRevenueYoY growth
20222022-10-31USD 221,294,28739.4%
20232023-10-31USD 198,973,191-10.1%
20242024-10-31USD 141,782,610-28.7%
20252025-10-31USD 141,225,767-0.4%
Highwater Ethanol, Llc sequential (quarter-over-quarter) revenue growth by fiscal quarter
Fiscal quarterPeriod endQoQ growth
Q32025-07-31-0.7%
Q42025-10-319.0%
Q12026-01-31-9.5%
Q22026-04-3011.6%
Highwater Ethanol, Llc annual diluted earnings per share and year-over-year EPS growth by fiscal year
Fiscal yearPeriod endDiluted EPSYoY growth
20222022-10-31USD 6,998.20143.9%
20232023-10-31USD 3,518.88-49.7%
20242024-10-31USD 1,286.27-63.4%
20252025-10-31USD 3,435.75167.1%
Highwater Ethanol, Llc sequential (quarter-over-quarter) diluted earnings per share growth by fiscal quarter
Fiscal quarterPeriod endQoQ growth
Q32025-07-31449.8%
Q42025-10-31800.9%
Q12026-01-31-62.9%
Q22026-04-3048.3%

Revenue Growth Rate

Annual and quarterly growth comparison

Earnings Per Share Growth Rate

Annual and quarterly EPS growth comparison

Quarterly Performance

Name
Q2 2026YOY CHG

Revenue

$38.38M

+9.4%

Gross Profit

$5.99M

+994.4%

Gross Margin

15.61%

N/A

Market Cap

$69.12MMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.

N/A

Market Cap/Employee

$1.61M

N/A

Employees

43

N/A

Net Income

$8.32M

+1833.5%

EBITDA

$5.89M

+688.8%

Quarterly Fundamentals

Name
Q2 2026YOY CHG

Total Cash

$22.97M

+69.5%

Total Debt

$568.07K

-20.1%

Accounts Receivable

$2.57M

-9.4%

Inventory

$15.94M

+7.8%

Long Term Debt

$416.74K

-26.6%

Short Term Debt

$151.33K

+5.6%

Return on Assets

32.71%

N/A

Return on Invested Capital

13.68%

N/A

Free Cash Flow

$3.24M

+264.5%

Operating Cash Flow

$3.27M

+5820.9%

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Questions About HEOL

What is the current price of Highwater Ethanol, Llc?

Highwater Ethanol, Llc is trading at $14,555.00 per share.

What is the 52-week range for Highwater Ethanol, Llc?

Over the past 52 weeks, Highwater Ethanol, Llc has traded between $11,000.00 and $15,750.00.

How much debt does Highwater Ethanol, Llc have?

As of the most recent reporting period, Highwater Ethanol, Llc reported total debt of $568.07K.

How much cash does Highwater Ethanol, Llc have on hand?

Highwater Ethanol, Llc reported $22.97M in cash and cash equivalents in its most recent financial results.

What is Highwater Ethanol, Llc’s dividend yield?

Highwater Ethanol, Llc currently has a dividend yield of 9.62%.

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