| Disaggregation of Revenue by Major Source |
The following tables disaggregate revenue by major source (in thousands): | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended March 31, 2024 | | Ethanol Production | | Agribusiness & Energy
Services | | Eliminations | | Total | | Revenues | | | | | | | | | Revenues from contracts with customers under ASC 606 | | | | | | | | | Ethanol | $ | — | | | $ | — | | | $ | — | | | $ | — | | | Distillers grains | 24,800 | | | — | | | — | | | 24,800 | | | Renewable corn oil | — | | | — | | | — | | | — | | | Other | 14,347 | | | 2,412 | | | — | | | 16,759 | | | Intersegment revenues | 1,213 | | | 89 | | | (1,302) | | | — | | | Total revenues from contracts with customers | 40,360 | | | 2,501 | | | (1,302) | | | 41,559 | | Revenues from contracts accounted for as derivatives under ASC 815 (1) | | | | | | | | | Ethanol | 350,112 | | | 73,375 | | | — | | | 423,487 | | | Distillers grains | 77,923 | | | 9,690 | | | — | | | 87,613 | | | Renewable corn oil | 34,160 | | | — | | | — | | | 34,160 | | | Other | 3,104 | | | 7,291 | | | — | | | 10,395 | | | Intersegment revenues | — | | | 6,139 | | | (6,139) | | | — | | | Total revenues from contracts accounted for as derivatives | 465,299 | | | 96,495 | | | (6,139) | | | 555,655 | | | Total Revenues | $ | 505,659 | | | $ | 98,996 | | | $ | (7,441) | | | $ | 597,214 | |
| | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended March 31, 2023 | | Ethanol Production | | Agribusiness & Energy
Services | | Eliminations | | Total | | Revenues | | | | | | | | | Revenues from contracts with customers under ASC 606 | | | | | | | | | Ethanol | $ | — | | | $ | — | | | $ | — | | | $ | — | | | Distillers grains | 25,010 | | | — | | | — | | | 25,010 | | | Renewable corn oil | — | | | — | | | — | | | — | | | Other | 9,587 | | | 8,450 | | | — | | | 18,037 | | | Intersegment revenues | 1,105 | | | 52 | | | (1,157) | | | — | | | Total revenues from contracts with customers | 35,702 | | | 8,502 | | | (1,157) | | | 43,047 | | Revenues from contracts accounted for as derivatives under ASC 815 (1) | | | | | | | | | Ethanol | 498,186 | | | 88,639 | | | — | | | 586,825 | | | Distillers grains | 111,925 | | | 11,363 | | | — | | | 123,288 | | | Renewable corn oil | 44,296 | | | 716 | | | — | | | 45,012 | | | Other | 7,609 | | | 27,168 | | | — | | | 34,777 | | | Intersegment revenues | — | | | 5,998 | | | (5,998) | | | — | | | Total revenues from contracts accounted for as derivatives | 662,016 | | | 133,884 | | | (5,998) | | | 789,902 | | | Total Revenues | $ | 697,718 | | | $ | 142,386 | | | $ | (7,155) | | | $ | 832,949 | |
(1)Revenues from contracts accounted for as derivatives represent physically settled derivative sales that are outside the scope of ASC 606.
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