EXHIBIT 99.1

NEWS RELEASE

BIOFUEL ENERGY REPORTS FOURTH QUARTER AND YEAR END 2012 RESULTS

DENVER, COLORADO – APRIL 1, 2013 – BIOFUEL ENERGY CORP. (NASDAQ:BIOF), an ethanol production company, today announced its fourth quarter and year end 2012 results. For the quarter ended December 31, 2012, the net loss was $11.5 million on revenues of $84.9 million, compared with net income of $4.5 million on revenues of $164.0 million in the year-ago quarter. For the year ended December 31, 2012, the net loss was $46.3 million on revenues of $463.3 million, compared with a net loss of $10.4 million on revenues of $653.1 million for the year ended December 31, 2011. For the quarter ended December 31, 2012, the net loss attributable to common stockholders was $10.0 million, or $1.89 per share, while for the year ended December 31, 2012 the net loss attributable to common stockholders was $39.8 million, or $7.65 per share.

For the quarter ended December 31, 2012, the Company’s operating loss was $10.4 million, which resulted from $92.7 million in cost of goods sold and $2.6 million in general and administrative expenses. During the fourth quarter of 2012, the Company also had $0.8 million of other income while incurring $1.8 million in interest expense, which resulted in a net loss of $11.5 million. For the full year 2012, the Company’s operating loss was $40.5 million, which resulted from $493.9 million in cost of goods sold and $9.9 million in general and administrative expenses. The Company also had $1.4 million of other income while incurring $7.3 million of interest expense during the year, which resulted in a net loss of $46.3 million. At December 31, 2012, the Company had $9.3 million of cash and cash equivalents, of which $8.6 million was held at the parent and $0.7 million was held at the operating subsidiaries.

This release contains certain forward-looking statements within the meaning of the Federal securities laws. Such statements are based on management’s current expectations, estimates and projections, which are subject to a wide range of uncertainties and business risks. Forward-looking statements should not be read as a guarantee of future performance or results, and will not necessarily be accurate indications of whether, or the times by which, our performance or results may be achieved. Factors that could cause actual results to differ from those anticipated are discussed in our Exchange Act filings and our Annual Report on Form 10-K.

BioFuel Energy currently has two 110 million gallons per year ethanol plants in the Midwestern corn belt.

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Contact:	Kelly G. Maguire	For more information:
	Executive Vice President &	www.bfenergy.com
	Chief Financial Officer
	(303) 640-6500
	kmaguire@bfenergy.com

1600 Broadway, Suite 2200• Denver, CO • 303.640-6500 • www.bfenergy.com

BioFuel Energy Corp.  

(in thousands, except per share amounts)

	Three Months Ended December 31,						Years Ended December 31,
Summary Income Statement	2012			2011			2012			2011
Net sales	$	84,898		$	163,990		$	463,280		$	653,073
Cost of goods sold		92,697			154,553			493,901			642,504
Gross profit (loss)		(7,799	)		9,437	#		(30,621	)		10,569
General and administrative expenses:
Compensation expense		1,185			2,175			5,934			7,237
Other		1,451			874			3,934			3,567
Operating income (loss)		(10,435	)		6,388			(40,489	)		(235	)
Other income		762			-			1,442			-
Interest expense		(1,813	)		(1,932	)		(7,275	)		(10,126	)
Net income (loss)		(11,486	)		4,456			(46,322	)		(10,361	)
Less: Net (income) loss attributable to the noncontrolling interest		1,463			(663	)		6,479			1,644
Net income (loss) attributable to BioFuel Energy Corp. common stockholders	$	(10,023	)	$	3,793		$	(39,843	)	$	(8,717	)
Income (loss) per share attributable to BioFuel Energy Corp. common stockholders:
Basic	$	(1.89	)	$	0.74		$	(7.65	)	$	(1.84	)
Diluted	$	(1.89	)	$	0.62		$	(7.65	)	$	(1.84	)
Weighted average shares outstanding:
Basic		5,300			5,127			5,208			4,734
Diluted		5,300			6,159			5,208			4,734
Additional Operational Data
Ethanol sold (gallons, in thousands)		26,942			54,314			161,728			216,694
Dry distillers grain sold (tons, in thousands)		26.7			75.3			158.6			335.6
Wet distillers grain sold (tons, in thousands)		153.8			216.5			807.8			715.6
Corn oil sold (pounds, in thousands)		9,144			-			37,770			-
Corn ground (bushels, in thousands)		9,638			19,710			57,601			78,286

	December 31,			December 31,
Summary Balance Sheet	2012			2011
Cash and cash equivalents	$	9,323		$	15,139
Accounts receivable		9,256			13,591
Inventories		13,443			26,188
Prepaid expenses		882			2,148
Other current assets		3,152			421
Property, plant and equipment, net		209,645			235,888
Debt issuance costs, net		1,739			2,763
Other non-current assets		2,983			3,448
Total assets	$	250,423		$	299,586
Total current liabilities	$	185,171		$	24,452
Long-term debt, net of current portion		2,795			166,937
Tax increment financing, net of current portion		4,275			4,867
Other non-current liabilities		3,072			3,388
Total liabilities		195,313			199,644
BioFuel Energy Corp. stockholders' equity		56,230			94,310
Noncontrolling interest		(1,120	)		5,632
Total equity		55,110			99,942
Total liabilities and equity	$	250,423		$	299,586

	Three Months Ended December 31,					Years Ended December 31,
Reconciliation of Net Income (Loss) to EBITDA	2012			2011		2012			2011
Net income (loss)	$	(11,486	)	$	4,456	$	(46,322	)	$	(10,361	)
Interest expense		1,813			1,932		7,275			10,126
Depreciation and amortization expense included in cost of goods sold		6,618			6,496		26,228			25,906
Depreciation and amortization expense included in G&A expenses		264			267		1,061			1,089
EBITDA	$	(2,791	)	$	13,151	$	(11,758	)	$	26,760

1600 Broadway, Suite 2200• Denver, CO • 303.640-6500 • www.bfenergy.com