SDSYA — what changed in the latest 10-Q
A section-by-section comparison of SDSYA's newest periodic SEC filing (10-K/10-Q) against the prior same-form filing: paragraphs added and removed per section, with verbatim excerpts. Purely a deterministic text diff — no similarity scores, no directional read, not investment advice.
Comparing 10-Q · 2026-08-12 vs the prior 10-Q · 2026-05-14
| Section | Outcome | Added | Removed | Minor | Unchanged |
|---|---|---|---|---|---|
| MD&A | Text added/removed | +27 | −19 | ~6 | 6 |
| Market risk (Item 3) | Text added/removed | 0 | 0 | ~1 | 6 |
| Controls & procedures | Text added/removed | 0 | 0 | ~1 | 1 |
| Legal proceedings | Text added/removed | +1 | 0 | ~1 | 0 |
| Risk factors | No material changes reported (points to the 10-K) | — | — | — | — |
| Other information | Text added/removed | 0 | 0 | ~1 | 0 |
Counts are paragraphs; added/removed means text added or removed vs the prior filing — no direction or judgement implied.
Representative excerpts
Up to 5 excerpts of about 300 characters per section, quoted verbatim from the two SEC filings.
MD&A
Text added vs the prior filing · source: 10-Q · 2026-08-12
For the six months ended June 30, 2026,we reported net income of $19.4 million, compared to net income of $3.4 million for the same period in 2025. The improvement was primarily driven by stroner processing margins, supported by higher soybean prices. Demand for soybean oil - a key feedstock for ren…
Offsetting these gains, our results were affected by losses at our subsidiary, High Plains Processing, which owns and operates our new facility in Mitchell, South Dakota. Although our subsidiary continued to generate a net loss for the period, favorable market conditions and expanding processing mar…
Looking ahead, we expect a constructive processing margin environment through the remainder of 2026 and into 2027 resulting from sustained renewable fuel demand and favorable impact of the current RVOs. However, several operational and macroeconomic factors may impact near-term performance, includin…
Revenue – Revenue for the three months ended June 30, 2026, increased by $216.3 million, or 195.5%, compared to the same period in 2025. This significant growth was primarily driven by a 125.3% increase in soybean processing volumes and a 35.0% rise in the average price of soybean oil. The increase …
Gross Profit/Loss – For the three months ended June 30, 2026, our gross profit increased significantly by $36.1 million, compared to the same period in 2025. This sharp growth was attributed mainly to increased demand for soybean oil following the implementation of the updated RVOs and increased soy…
Text removed vs the prior filing · source: 10-Q · 2026-05-14
During the three months ended March 31, 2026, we recognized a net loss of $4.3 million, compared with net income of $4.4 million for the same period in 2025. The decrease was is primarily attributable to temporary regulatory delays affecting the renewable fuels market and non-cash, mark-to-market ac…
We anticipate a strong recovery in financial performance for the remainder of 2026. The EPA’s recent release of record-level RVOs is expected to drive substantial demand for soybean oil, specifically within the renewable diesel sector. Soybean meal demand is also expected to remain strong, supported…
Comparison of the Three Months Ended March 31, 2026 and 2025
Revenue – Revenue increased by $107.6 million, or 91.3%, for the three months ended March 31, 2026, compared to the same period in 2025. This significant growth was primarily driven by a 91.2% increase in soybean processing volumes, partially offset by a moderate decline in average selling prices fo…
Gross Profit/Loss – Gross profit decreased by $11.4 million, or 193.7%, for the three months ended March 31, 2026, compared to the same period in 2025. The decrease was primarily driven by mark-to-market losses and initial operation costs associated with our Mitchell facility. The mark-to-market adj…
Legal proceedings
Text added vs the prior filing · source: 10-Q · 2026-08-12
directors, officer and employees, business interruption, automobile liability, and workers' compensation. We are not currently involved in any material legal proceedings and are not aware of any potential claims.
How to read Risk Factors (Item 1A) in a 10-Q
A 10-Q risk-factor section usually takes one of three forms; this page classifies it as one of:
- Pointer — the filer states there have been no material changes and points back to the annual 10-K risk factors; there is no own risk text to compare this quarter.
- Partial update — the filer carves out specific updated risks ("except as set forth below"); the excerpts show exactly what is new this quarter.
- Restated in full — the quarter carries the complete risk-factor text. When the prior quarter was only a pointer there is no prior full text to diff against, so the page flags the section as restated instead.
This describes the filing structure only — it is never a judgement on whether risk went up or down.
Source: text-level diff of the two SEC EDGAR filings · deterministic (no AI-generated content) · for reference only · not investment advice