Granite Falls Energy, LLC (GFGY)
Granite Falls, MN, US
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.
No mergers or acquisitions recorded for this company.
| Indicator | 1D | 1W | 2W | 3W | 1M |
|---|
Day Score & sub-scores
Statistical fingerprint & regime detail
Conditional historical analysis
Customize analysis (advanced)
| 1D | 5D | 1M | 3M | 6M | YTD | 1Y | 3Y | 5Y | 10Y | Max |
|---|---|---|---|---|---|---|---|---|---|---|
| +0.00% | +0.00% | +0.00% | -1.67% | -1.67% | -1.67% | -6.50% | -15.71% | +145.83% | -1.67% | +90.32% |
Revenue flow
Revenue by geography
Revenue by segment
Revenue composition
By product
By geography
Income Statement
Balance Sheet
Cash Flow Statement
Key Metrics
Financial Ratios
Employees
Financial Growth (CAGR)
Market Data
DCF figures are point estimates: small changes in growth or discount-rate assumptions move them materially. Read them as a reference, not a precise target.
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Revenue growth Oil & Gas Refining & Marketing: -1.3%+87.7% ★ Q3'22: +16.2% (vs Q3'21)
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EPS growth Oil & Gas Refining & Marketing: +42.8%+224.6% ★ Q3'22: +212.8% (vs Q3'21)
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FCF margin FCF growth · Oil & Gas Refining & Marketing: +92.2%+4.8% Q3'22: +27.3% (vs Q3'21)
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EBIT margin Oil & Gas Refining & Marketing: +4.6%+8.7% ★ Q3'22: +20.2% (vs Q3'21)
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ROIC Oil & Gas Refining & Marketing: +5.9%+28.8% ★ Q3'22: +98.2% (vs Q3'21)
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Share dilution Oil & Gas Refining & Marketing: +0.0%+0.0% Q3'22: +0.0% (vs Q3'21)
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Debt / EBITDA Net debt/EBITDA · Oil & Gas Refining & Marketing: 0.89×1.41× ★ Q3'22: 0.31× (vs Q3'21)
* These projections are based on analyst consensus estimates and user-defined valuation multiples. This table is for informational purposes only and does not constitute a recommendation to buy or sell any security. Past performance is not indicative of future results.
Owner Earnings
Ownership Overview
Ownership breakdown not available.
Institutional Activity (13F)
Institutional history not available.
Top holders not available.
ETF Ownership
This company is not held by any ETF in our universe.
Insider Activity
| Date | Person | Role | Transaction | A/D | Security | Shares | Price | Value | Owned after | D/I | Filing |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 2021-03-25 | Forkrud David A | Director | — | D | Limited Liability Company Membership Units | 0 | 0.00 | — | 10 | — | ↗ |
| 2020-07-01 | Fagen Roland J | 10% Owner | J-Other | D | Membership Units | 3,925 | 0.00 | — | 146 | — | ↗ |
| 2020-07-01 | Fagen Holdings, Inc. | 10% Owner | — | D | Membership Units | 0 | 0.00 | — | 3,925 | — | ↗ |
| 2019-10-31 | Wilkison Rodney R | Director | — | — | — | 0 | 0.00 | — | 0 | — | ↗ |
| 2019-10-31 | Spaude Robin William | Director | — | D | LLC Units | 0 | 0.00 | — | 55 | — | ↗ |
| 2016-10-31 | Larson Sherry Jean | Director | — | D | LLC Units | 0 | 0.00 | — | 5 | — | ↗ |
| 2015-10-31 | Wilkison Rodney R | Director | — | — | — | 0 | 0.00 | — | 0 | — | ↗ |
| 2015-10-31 | Fagen Roland J | 10% Owner | — | — | — | 0 | 0.00 | — | 0 | — | ↗ |
| 2014-03-20 | Lund Michael Gerald | Director | — | D | Limited Liability Company - Membership Units | 0 | 0.00 | — | 10 | — | ↗ |
| 2014-03-20 | LaVigne Bruce G | Director | — | I | Limited Liability Company - Membership Units | 0 | 0.00 | — | 500 | — | ↗ |
| 2013-12-18 | Glacial Lakes Energy, LLC | 10% Owner | J-Other | A | Limited Liability Company Membership Units | 479 | 0.00 | — | 5,004 | — | ↗ |
| 2013-07-01 | JOHNSON SHANNON | Director | P-Purchase | A | Limited Liability Company Membership Units | 20 | 1,200.00 | 24.0K | 125 | — | ↗ |
| 2013-07-01 | Buesing Dean Jerome | Director | P-Purchase | A | Limited Liability Company Membership Units | 10 | 1,315.00 | 13.2K | 348 | — | ↗ |
| 2013-04-08 | Johnson Kenton | Director | — | D | Limited Liability Company - Membership Units | 0 | 0.00 | — | 10 | — | ↗ |
| 2013-03-21 | Bergquist Leslie Kenneth | Director | — | D | Limited Liability Company - Membership Units | 0 | 0.00 | — | 15 | — | ↗ |
| 2012-10-31 | Goulet Marten Gerald | Director | — | D | LLC Units | 0 | 0.00 | — | 40 | — | ↗ |
| 2012-10-31 | Christensen Steve A | Officer | — | D | LLC Unit | 0 | 0.00 | — | 0 | — | ↗ |
| 2011-07-01 | Wilkison Rodney R | Director | P-Purchase | A | Limited Liability Company Membership Units | 10 | 1,375.00 | 13.8K | 56 | — | ↗ |
| 2011-07-01 | Wagner Dennis Clifford | Director | P-Purchase | A | Limited Liability Company Membership Units | 5 | 1,380.00 | 6.9K | 1,284 | — | ↗ |
| 2011-07-01 | Buesing Dean Jerome | Director | P-Purchase | A | Limited Liability Company Membership Units | 37 | 1,350.00 | 50.0K | 287 | — | ↗ |
| 2011-04-01 | Wilkison Rodney R | Director | P-Purchase | A | Limited Liability Company Membership Units | 2 | 1,475.00 | 3.0K | 26 | — | ↗ |
| 2011-04-01 | Olson Tracey | Officer | P-Purchase | A | Limited Liability Company Membership Units | 20 | 1,340.00 | 26.8K | 40 | — | ↗ |
| 2010-10-01 | Wagner Dennis Clifford | Director | P-Purchase | A | Limited Liability Company Membership Units | 30 | 1,250.00 | 37.5K | 1,279 | — | ↗ |
| 2010-07-01 | Wilkison Rodney R | Director | P-Purchase | A | Limited Liability Company Membership Units | 5 | 1,211.00 | 6.1K | 24 | — | ↗ |
| 2010-07-01 | Core Steven H | Director | S-Sale | D | Limited Liability Company Membership Units | 20 | 1,285.00 | 25.7K | 0 | — | ↗ |
| 2010-01-01 | Wilkison Rodney R | Director | P-Purchase | A | Limited Liability Company Membership Unit | 3 | 2,700.00 | 8.1K | 19 | — | ↗ |
| 2010-01-01 | Wagner Dennis Clifford | Director | — | D | Limited Liability Company Membership Units | 0 | 0.00 | — | 1,239 | — | ↗ |
| 2010-01-01 | Buesing Dean Jerome | Director | — | D | Limited Liability Company Membership Units | 0 | 0.00 | — | 250 | — | ↗ |
| 2010-01-01 | Berg Kenneth Lee | Director / Officer | — | I | Limited Liability Company Memebership Units | 0 | 0.00 | — | 80 | — | ↗ |
| 2009-08-20 | Glacial Lakes Energy, LLC | 10% Owner | S-Sale | A | Call Option | 2,000 | 1,000.00 | 2.00M | 0 | — | ↗ |
| 2009-08-20 | Fagen Roland J | 10% Owner | — | I | Membership Units | 0 | 0.00 | — | 3,925 | — | ↗ |
| 2009-07-01 | OFTEDAHL VOLSTAD JULIE | Director / Officer | P-Purchase | A | Limited Liability Membership Units | 8 | 8,000.00 | 64.0K | 71 | — | ↗ |
| 2009-07-01 | Glacial Lakes Energy, LLC | 10% Owner | J-Other | A | Limited Liability Company Membership Units | 25 | 0.00 | — | 6,525 | — | ↗ |
| 2009-01-01 | Wilkison Rodney R | Director | P-Purchase | A | Limited Liability Company Membership Units | 5 | 5,250.00 | 26.3K | 8 | — | ↗ |
| 2008-12-04 | Glacial Lakes Energy, LLC | 10% Owner | J-Other | D | Limited Liability Company Membership Units | 2,000 | 1,000.00 | 2.00M | 4,500 | — | ↗ |
| 2008-07-01 | OFTEDAHL VOLSTAD JULIE | Director / Officer | P-Purchase | A | Limited Liability Membership Units | 8 | 2,050.00 | 16.4K | 13 | — | ↗ |
| 2007-07-01 | Wilkison Rodney R | Director | P-Purchase | A | Limited Liability Company Membership Units | 3 | 3,300.00 | 9.9K | 3 | — | ↗ |
| 2007-07-01 | OFTEDAHL VOLSTAD JULIE | Director / Officer | P-Purchase | A | Limited Liability Membership Units | 4 | 3,550.00 | 14.2K | 55 | — | ↗ |
| 2007-03-29 | Wilkison Rodney R | Director | — | D | Limited Liability Company Membership Units | 0 | 0.00 | — | 0 | — | ↗ |
| 2007-01-01 | DUBBELDE SCOTT | Director / Officer | P-Purchase | D | Limited Liability Membership Units | 7 | 5,650.00 | 39.6K | 0 | — | ↗ |
| 2006-12-01 | Olson Tracey | Officer | — | D | Limited Liability Company Membership Units | 0 | 0.00 | — | 20 | — | ↗ |
| 2006-10-31 | ENSTAD PAUL | Director / Officer | — | — | — | 0 | 0.00 | — | 0 | — | ↗ |
| 2006-02-01 | Schuler Stacie | Officer | — | D | Limited Liability Company Membership Units | 0 | 0.00 | — | 5 | — | ↗ |
| 2005-04-29 | Thompson Doyle | Director | — | D | Limited Liability Company Membership Units | 0 | 0.00 | — | 10 | — | ↗ |
| 2005-04-29 | Peterson Myron | Director | — | D | Limited Liability Company Membership Units | 0 | 0.00 | — | 10 | — | ↗ |
| 2005-04-29 | OFTEDAHL VOLSTAD JULIE | Director / Officer | — | D | Limited Liability Company Membership Units | 0 | 0.00 | — | 50 | — | ↗ |
| 2005-04-29 | Nealon Michael | Officer | — | — | — | 0 | 0.00 | — | 0 | — | ↗ |
| 2005-04-29 | Mudgett Terry | Director | — | D | Limited Liability Company Membership Units | 0 | 0.00 | — | 10 | — | ↗ |
| 2005-04-29 | Little Terry | Director / Officer | — | D | Limited Liability Company Membership Units | 0 | 0.00 | — | 50 | — | ↗ |
| 2005-04-29 | JOHNSON SHANNON | Director | — | D | Limited Liability Company Membership Units | 0 | 0.00 | — | 40 | — | ↗ |
| 2005-04-29 | Glacial Lakes Energy, LLC | 10% Owner | — | D | Limited Liability Company Membership Units | 0 | 0.00 | — | 6,500 | — | ↗ |
| 2005-04-29 | ENSTAD PAUL | Director / Officer | — | D | Limited Liability Company Membership Units | 0 | 0.00 | — | 100 | — | ↗ |
| 2005-04-29 | DUBBELDE SCOTT | Director | — | D | Limited Liability Company Membership Units | 0 | 0.00 | — | 17 | — | ↗ |
| 2005-04-29 | Core Steven H | Director | — | D | Limited Liability Company Membership Units | 0 | 0.00 | — | 20 | — | ↗ |
| 2005-04-29 | Branhan Thomas | Officer | — | — | — | 0 | 0.00 | — | 0 | — | ↗ |
Executive team
Executive compensation
| # | Year | Executive | Salary | Bonus | Stock award | Option award | Incentive | Other | Total | % Stock- based |
Filing |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | 2021 | Steve Christensen, CEO | 268.6K | — | — | — | 57.8K | 38.5K | 364.9K | 0.00% | ↗ |
| 2 | 2021 | Stacie Schuler, CFO | 216.5K | — | — | — | 40.0K | 8.2K | 264.7K | 0.00% | ↗ |
| 3 | 2021 | Jeffrey Oestmann, CEO | 115.6K | 22.6K | — | — | 78.7K | 6.5K | 223.4K | 0.00% | ↗ |
| 4 | 2020 | Steve Christensen, CEO | 262.6K | 30.0K | — | — | — | 48.6K | 341.2K | 0.00% | ↗ |
| 5 | 2020 | Stacie Schuler, CFO | 219.2K | — | — | — | 19.4K | 9.4K | 248.0K | 0.00% | ↗ |
| 6 | 2019 | Steve Christensen, CEO | 277.2K | — | — | — | — | 48.8K | 326.0K | 0.00% | ↗ |
| 7 | 2019 | Stacie Schuler, CFO | 174.0K | — | — | — | 9.4K | 16.3K | 199.8K | 0.00% | ↗ |
| 8 | 2018 | Steve Christensen, CEO | 230.7K | — | — | — | 8.4K | 46.1K | 285.2K | 0.00% | ↗ |
| 9 | 2018 | Stacie Schuler, CFO | 159.4K | — | — | — | 29.0K | 17.6K | 206.0K | 0.00% | ↗ |
| 10 | 2017 | Steve Christensen, CEO | 208.6K | — | — | — | 65.9K | 56.5K | 331.0K | 0.00% | ↗ |
| 11 | 2017 | Stacie Schuler, CFO | 144.3K | — | — | — | 28.0K | 19.0K | 191.4K | 0.00% | ↗ |
| 12 | 2016 | Steve Christensen, CEO | 210.5K | — | — | — | — | 42.0K | 252.5K | 0.00% | ↗ |
| 13 | 2016 | Stacie Schuler, CFO | 140.7K | — | — | — | 23.8K | 15.9K | 180.3K | 0.00% | ↗ |
| 14 | 2015 | Steve Christensen, CEO | 189.8K | — | — | — | 34.1K | 22.7K | 246.6K | 0.00% | ↗ |
| 15 | 2015 | Stacie Schuler, CFO | 129.8K | — | — | — | 22.5K | 9.4K | 161.7K | 0.00% | ↗ |
| 16 | 2014 | Steve Christensen, CEO | 190.8K | — | — | — | 19.2K | 121.9K | 331.9K | 0.00% | ↗ |
| 17 | 2014 | Stacie Schuler, CFO | 115.0K | — | — | — | 21.0K | 5.0K | 141.0K | 0.00% | ↗ |
| 18 | 2014 | Eric Baukol, Risk Manager | 96.4K | 11.2K | — | — | — | 7.4K | 115.0K | 0.00% | ↗ |
| 19 | 2013 | Steve Christensen, CEO | 155.7K | 20.0K | — | — | — | 18.2K | 193.9K | 0.00% | ↗ |
| 20 | 2013 | Stacie Schuler, CFO | 96.0K | 18.9K | — | — | — | 5.5K | 120.4K | 0.00% | ↗ |
| 21 | 2013 | Eric Baukol, Risk Manager | 81.5K | 17.5K | — | — | — | 4.6K | 103.5K | 0.00% | ↗ |
| 22 | 2012 | Tracey Olson, Former CEO | 44.9K | 37.0K | — | — | — | 27.5K | 109.3K | 0.00% | ↗ |
| 23 | 2012 | Stacie Schuler, CFO | 87.5K | 8.3K | — | — | — | 4.0K | 99.7K | 0.00% | ↗ |
| 24 | 2012 | Steve Christensen, CEO | 90.6K | — | — | — | — | 6.6K | 92.5K | 0.00% | ↗ |
| 25 | 2012 | Eric Baukol, Risk Manager | 72.7K | 7.0K | — | — | — | 2.2K | 81.9K | 0.00% | ↗ |
| 26 | 2012 | Wayne Gordon, Former Interim CEO | 23.7K | — | — | — | — | 4.9K | 28.6K | 0.00% | ↗ |
| 27 | 2011 | Tracey Olson, Former CEO | 120.7K | 26.8K | — | — | — | 15.2K | 162.7K | 0.00% | ↗ |
| 28 | 2011 | Tracey Olson, CEO | 120.7K | 26.8K | — | — | — | 15.2K | 162.7K | 0.00% | ↗ |
| 29 | 2011 | Stacie Schuler, CFO | 83.2K | 14.7K | — | — | — | 4.5K | 102.4K | 0.00% | ↗ |
| 30 | 2010 | Tracey Olson, Former CEO | 114.9K | 10.0K | — | — | — | 16.1K | 140.9K | 0.00% | ↗ |
| 31 | 2010 | Tracey Olson, CEO | 114.9K | 10.0K | — | — | — | 14.1K | 140.9K | 0.00% | ↗ |
| 32 | 2010 | Stacie Schuler, CFO | 80.0K | 5.9K | — | — | — | 4.7K | 90.6K | 0.00% | ↗ |
| 33 | 2009 | Tracey Olson, CEO | 107.0K | — | — | — | — | 16.0K | 123.0K | 0.00% | ↗ |
| 34 | 2009 | Stacie Schuler, CFO | 77.4K | 2.6K | — | — | — | 5.0K | 85.0K | 0.00% | ↗ |
| 35 | 2008 | Tracey Olson, CEO | 11.35M | — | — | — | — | 1.32M | 12.67M | 0.00% | ↗ |
| 36 | 2008 | Chad Friese — Risk Manager | 9.53M | 545.6K | — | — | — | 2.4K | 10.31M | 0.00% | ↗ |
| 37 | 2008 | Stacie Schuler, CFO | 7.82M | 654.0K | — | — | — | 415.4K | 8.89M | 0.00% | ↗ |
| 38 | 2007 | Stacie Schuler, CFO | 7.43M | 805.8K | — | — | — | 276.0K | 8.51M | 0.00% | ↗ |
| 39 | 2007 | Tracey Olson, CEO | 100.0K | 30.0K | — | — | — | — | 130.0K | 0.00% | ↗ |
| 40 | 2007 | Tracey Olson | 100.0K | 30.0K | — | — | — | — | 130.0K | 0.00% | ↗ |
| 41 | 2006 | Julie Oftedahl-Volstad | 7.6K | — | — | — | — | — | 7.6K | 0.00% | ↗ |
| 42 | 2006 | Paul Enstad, Chairman | 7.3K | — | — | — | — | — | 7.3K | 0.00% | ↗ |
| 43 | 2006 | Scott Dubbelde | 6.1K | — | — | — | — | — | 6.1K | 0.00% | ↗ |
| 44 | 2006 | Shannon Johnson | 6.1K | — | — | — | — | — | 6.1K | 0.00% | ↗ |
| 45 | 2006 | Myron Peterson | 6.1K | — | — | — | — | — | 6.1K | 0.00% | ↗ |
| 46 | 2006 | Tracey Olson | 3.9K | — | — | — | — | — | 3.9K | 0.00% | ↗ |
| 47 | 2005 | Julie Oftedahl-Volstad | 8.1K | — | — | — | — | — | 8.1K | 0.00% | ↗ |
| 48 | 2005 | Paul Enstad, Chairman | 8.0K | — | — | — | — | — | 8.0K | 0.00% | ↗ |
| 49 | 2005 | Shannon Johnson | 6.6K | — | — | — | — | — | 6.6K | 0.00% | ↗ |
| 50 | 2005 | Scott Dubbelde | 6.6K | — | — | — | — | — | 6.6K | 0.00% | ↗ |
| 51 | 2005 | Myron Peterson | 6.1K | — | — | — | — | — | 6.1K | 0.00% | ↗ |
Proxy statements
| Filing date | Form type | Filing |
|---|---|---|
| 2022-10-03 | DEFA14A | ↗ |
| 2022-09-09 | DEFA14A | ↗ |
| 2022-09-09 | DEF 14A | ↗ |
| 2022-07-26 | PRE 14A | ↗ |
| 2022-05-17 | DEF 14A | ↗ |
| 2021-02-26 | DEF 14A | ↗ |
| 2020-03-16 | DEFA14A | ↗ |
| 2020-03-09 | DEFA14A | ↗ |
| 2020-02-21 | DEF 14A | ↗ |
| 2019-02-25 | DEF 14A | ↗ |
| 2018-02-28 | DEF 14A | ↗ |
| 2017-03-01 | DEFA14A | ↗ |
| 2017-02-21 | DEF 14A | ↗ |
| 2017-02-10 | PRE 14A | ↗ |
Recent SEC filings
Executive team
| Name | Title | Compensation | Gender |
|---|---|---|---|
| Stacie Schuler | Chief Financial Officer | 264.7K | female |
| Dean J. Buesing | Secretary & Governor | 35.8K | male |
| Kenton Johnson | CEO & Governor | 29.1K | male |
No Senate trading activity found for this company.
No House trading activity found for this company.
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Community Opinion for GFGY
Short-term intention
Target Price Distribution
These are community opinions and do not constitute buy or sell advice to act on. The results shown are based on aggregated opinions and are not an investment recommendation, nor do they intend to influence any investment decision.

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