Advanced Bioenergy, Llc (ABENU) SEC Filing 10-Q Quarterly report for the period ending Sunday, December 31, 2017

Advanced Bioenergy, Llc

CIK: 1325740 Ticker: ABENU

Exhibit 99.1



January 5, 2018


Dear ABE Unit Holder:


As we enter 2018, we wanted to provide you a brief update, including a tax estimate discussed below.


Our fiscal 2017 began with a strong margin environment.  Strong gasoline demand coupled with equally strong export demand propelled margins during our first fiscal quarter.  As we approached our second fiscal quarter margins dropped off rapidly due to an abrupt downturn in gasoline demand as industry-wide production levels set new annualized records.  With the industry’s overall production levels outpacing ethanol demand, margins remained under pressure for much of our second fiscal quarter.  Additionally, key export destinations announced new tariffs on ethanol imports, dampening export expectations for 2017.  Margins rebounded in the second half of fiscal 2017, driven by improving gasoline demand and lower corn prices.  Cash corn prices dropped below three dollars per bushel.

Operationally, we accomplished several objectives.  We set new highs for corn to ethanol yield and continued to push a broad range of input costs lower.  Our new corn oil system in Huron produced corn oil well above our initial expectations.  Additionally, we experienced a significant increase in corn oil production at our Aberdeen plant.  Overall, fiscal 2017 was a solid year for ABE.  Our financial position remains strong with more than $19 million in working capital as of September 30, 2017.  Our senior debt obligation was $24.8 million as of September 30, 2017.  Last year we announced plans to explore opportunities to move our corn origination from an externally sourced model to an internally sourced model.  We continue to push this objective forward into fiscal 2018 at both locations.

Annual Report and 10K

Our Form 10-K, which includes our audited financial statements, is available on our website under the tab “Investor Relations”.  We will be mailing our Annual Report, which includes the Form 10-K, and the Proxy Statement in mid-February 2018.  Our Annual Meeting will be held in Aberdeen, SD on March 15, 2018.  Details will be included with the mailing of the Proxy noted above.

Tax Estimate and K1 Timing

As a reminder, our tax year is based on a calendar year versus our financial reporting year, which is October 1st to September 30th.  We are estimating taxable income per unit at 15 cents for calendar tax year 2017.  The mailing of K1’s is expected to occur the last week of February 2018.

We appreciate your continued support as we work toward improving our business and increasing value for our unit holders.



Richard R. Peterson



The following information was filed by Advanced Bioenergy, Llc (ABENU) on Friday, January 5, 2018 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-Q Quarterly Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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Definitive Proxy Statement (Form DEF 14A)
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Advanced Bioenergy, Llc's Definitive Proxy Statement (Form DEF 14A) filed after their 2018 10-K Annual Report includes:

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  • Executive Team
  • Salaries, Bonuses, Perks
  • Peers / Competitors


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Financial Statements, Disclosures and Schedules

Inside this 10-Q Quarterly Report

Document And Entity Information
Consolidated Balance Sheets
Consolidated Balance Sheets (parenthetical)
Consolidated Statement Of Changes In Members' Equity
Consolidated Statements Of Cash Flows
Consolidated Statements Of Operations
Inventories (tables)
Inventories - Summary Of Inventories (detail)
Long-term Debt
Long-term Debt (tables)
Long-term Debt - Additional Information (detail)
Long-term Debt - Schedule Of Maturities Of Long Term Debt (detail)
Long-term Debt - Summary Of Long-term Debt (detail)
Major Customers
Major Customers (tables)
Major Customers - Additional Information (detail)
Major Customers - Sales And Receivables (detail)
Organization And Significant Accounting Policies
Organization And Significant Accounting Policies (policies)
Organization And Significant Accounting Policies (tables)
Organization And Significant Accounting Policies - Additional Information (detail)
Organization And Significant Accounting Policies - Estimated Useful Lives Of Property And Equipment (detail)
Parent Financial Statements
Parent Financial Statements (tables)
Parent Financial Statements - Additional Information (detail)
Parent Financial Statements - Balance Sheets (detail)
Parent Financial Statements - Balance Sheets (parenthetical) (detail)
Parent Financial Statements - Statements Of Cash Flows (detail)
Parent Financial Statements - Statements Of Operations (detail)
Property And Equipment
Property And Equipment (tables)
Property And Equipment - Summary Of Property And Equipment (detail)
Risk Management
Risk Management (tables)
Risk Management - Fixed Price Forward Contracts (detail)

Material Contracts, Statements, Certifications & more

Advanced Bioenergy, Llc provided additional information to their SEC Filing as exhibits

Ticker: ABENU
CIK: 1325740
Form Type: 10-Q Quarterly Report
Accession Number: 0001564590-18-001336
Submitted to the SEC: Mon Feb 05 2018 5:17:52 PM EST
Accepted by the SEC: Mon Feb 05 2018
Period: Sunday, December 31, 2017
Industry: Industrial Organic Chemicals

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