QUARTERLY FINANCIAL DATA (UNAUDITED) (Tables)

12 Months Ended

Oct. 31, 2017

QUARTERLY FINANCIAL DATA (UNAUDITED)

Summary of quarterly results

	First		Second		Third		Fourth
Fiscal year ended October 31, 2017	Quarter		Quarter		Quarter		Quarter
Revenues	$	27,390,074	$	25,990,784	$	28,541,889	$	27,994,905
Gross profit		3,414,231		1,850,266		2,251,294		2,913,491
Operating income		2,567,534		1,080,594		1,518,888		2,137,579
Net income attributable to Heron Lake BioEnergy, LLC		2,832,413		1,019,120		1,414,752		2,002,070
Basic and diluted earnings per unit (Class A and B)	$	0.04	$	0.01	$	0.02	$	0.02

	First		Second		Third		Fourth
Fiscal year ended October 31, 2016	Quarter		Quarter		Quarter		Quarter
Revenues	$	26,588,565	$	25,241,981	$	30,365,123	$	27,409,875
Gross profit		857,581		920,070		3,730,408		2,985,331
Operating income		48,947		108,111		2,983,648		2,353,527
Net income (loss) attributable to Heron Lake BioEnergy, LLC		(25,555)		13,258		2,810,607		2,177,906
Basic and diluted earnings per unit (Class A and B)	$	—	$	—	$	0.03	$	0.03

	First		Second		Third		Fourth
Fiscal year ended October 31, 2015	Quarter		Quarter		Quarter		Quarter
Revenues	$	27,177,449	$	29,813,571	$	30,192,430	$	28,477,019
Gross profit		1,847,050		2,673,825		4,755,934		1,135,568
Operating income		966,668		1,891,732		4,014,168		538,714
Net income attributable to Heron Lake BioEnergy, LLC		879,256		1,733,837		3,808,820		329,320
Basic and diluted earnings per unit (Class A and B)	$	0.01	$	0.02	$	0.05	$	0.01