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Highwater Ethanol, LLC (HEOL) is a non-energy raw materials company in the oil-based and renewable fuel production industry, based in Lamberton, United States.
It reported revenue of $141.17 million for fiscal year 2025, down 0.5% from fiscal year 2024, and net income of $16.33 million. In Q3 2026 (the quarter ended July 31, 2026) revenue was $39.09 million, up 12.1% from a year before. Its largest business segment, Ethanol, brought in 77% of segment revenue in fiscal year 2025. Its market capitalization was $74.80 million as of September 19, 2024.
Figures from company filings and market data; latest fiscal year ended October 31, 2025; market data as of September 19, 2024.
Highwater Ethanol, LLC produces and sells fuel ethanol and co-products of the fuel ethanol production process through third-party professional marketers in the continental United States.
Highwater Ethanol reported $141.17 million in revenue for fiscal year 2025, down 0.5% from $141.82 million in fiscal year 2024. In Q3 2026 revenue was $39.09 million.
Ethanol, with $108.44 million or 77% of segment revenue in fiscal year 2025. Next: Dried Distillers Grains (10%) and Corn Oil (9%).
$74.80 million as of September 19, 2024.
Listed companies of a similar size in the same industry (oil-based and renewable fuel production) include FutureFuel Corp. (FF), XCF Global, Inc. (SAFX), Aemetis, Inc. (AMTX), Blue Biofuels, Inc. (BIOF).