• Highwater Ethanol posted net income of $8.32 million for the three months ended April 30, 2026, returning to profit from a year-earlier net loss of $479,705.
• Revenue rose 9.36% to $38.38 million, while operating income swung to $4.8 million from an operating loss of $672,423.
• Other income climbed to $3.52 million, driven by $3.4 million of Section 45Z federal tax credits recognized during the quarter.
• Separately, it closed the sale of $14.31 million of 2025 Section 45Z tax credits on May 29, 2026, with a buyer right of first refusal through Jan. 31, 2027.
• Management expects to fund the next 12 months from operating cash flow and current credit facilities, while pursuing an air-permit increase to lift future production.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Highwater Ethanol LLC published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001628280-26-042736), on June 12, 2026, and is solely responsible for the information contained therein.