BIOFUEL ENERGY CORP. (NASDAQ: BIOF), an ethanol production company, today announced its first quarter 2012 results. For the quarter ended March 31, 2012, the net loss was $11.1 million on revenues of $139.4 million, compared with a net loss of $9.0 million on revenues of $158.0 million for the quarter ended March 31, 2011. For the quarter ended March 31, 2012, the net loss attributable to common stockholders was $9.4 million, or $.09 per share, while for the three months ended March 31, 2011 the net loss attributable to common stockholders was $7.7 million, or $.11 per share.
"We continue to face a challenging commodity margin environment, as the industry continues to over-produce in the face of lower demand for motor fuel," said Scott H. Pearce, the Company's President and Chief Executive Officer. "Over the past two years, we have made a number of improvements to our platform to mitigate losses in periods like this, the most recent example being the installation of corn oil extraction systems, which began generating revenues early in the first quarter of 2012. We also produced fewer gallons year over year as we pared back production to optimize the margin realized."