secwatch.observer — SEC 8-K summary
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Issuer:     HIGHWATER ETHANOL LLC (—)
CIK:        0001371451
Form:       8-K
Filed at:   2026-09-23T15:41:34+00:00
Accession:  0001628280-26-063170
Event type: earnings
Sentiment:  positive
Materiality: 0.60
Item codes: 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Highwater Ethanol posts Q3 FY2026 net income $10.8M; plans expansion to 85M gal/yr
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- Q3 FY2026 net income $10.8M ($5.7M operating + $5.2M other income incl. 45Z credits); nine-month net income ~$24.8M.
- 45Z tax credits: $5.0M in Q3, $11.7M YTD; 2025 credits sold ~$0.20/gal, 2026 expected ~$0.30/gal.
- Ethanol yield 3.07 gal/bushel maintained since Aug 2019; corn oil recovery up to 1.21 lbs/bushel adding ~$300K/month.
- Seeking MPCA permit for 85M gal/yr vs ~68.5M current; sixth fermenter and DEER project online July 2027.
- Group I Governors Eis, Garth, Moldan reelected to three-year terms; 2027 nominations due Oct 2, 2026.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1371451/000162828026063170/0001628280-26-063170-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1371451/000162828026063170/highwater-20260923.htm
  HTML page:      https://secwatch.observer/filing/0001628280-26-063170

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