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Cardinal Ethanol, LLC (CRDE) is a non-energy raw materials company in the oil-based and renewable fuel production industry, based in Union City, United States, with about 72 full-time employees.
It reported revenue of $502.73 million for fiscal year 2023, down 8.0% from fiscal year 2022, and net income of $69.82 million. In Q3 2024 (the quarter ended June 30, 2024) revenue was $83.82 million. Its market capitalization was $163.05 million as of April 22, 2025.
Figures from company filings and market data; latest fiscal year ended September 30, 2023; market data as of April 22, 2025.
Cardinal Ethanol, LLC engages in production and sale of fuel-grade ethanol, distiller grains, corn oil, and raw carbon dioxide in the continental United States. The company's ethanol is used as an octane enhancer in fuels; an oxygenated fuel additive for reducing ozone and carbon monoxide emissions; and a non-petroleum-based gasoline substitute.
Cardinal Ethanol reported $502.73 million in revenue for fiscal year 2023, down 8.0% from $546.69 million in fiscal year 2022. In Q3 2024 revenue was $83.82 million.
$163.05 million as of April 22, 2025.
Listed companies of a similar size in the same industry (oil-based and renewable fuel production) include Opal Fuels Inc. (OPAL), FutureFuel Corp. (FF), Lightbridge Corporation (LTBR), XCF Global, Inc. (SAFX).