Key Takeaways
- CHS Inc. reported net income of $267.4 million attributable to the company and revenues of $11.6 billion for its third quarter of fiscal 2026, up from net income of $232.2 million and revenues of $9.8 billion a year earlier.
- The energy segment posted pretax earnings of $10.1 million, a $66.6 million improvement over the prior year, driven by stronger refining margins and diesel sales, though largely offset by record-high renewable energy credit (RIN) costs.
- The grains segment recorded a pretax loss of $33.6 million as reduced global grain margins and higher transportation costs offset strong corn export volumes and oilseed crush margins.
- Agronomy pretax earnings rose to $275.0 million, a $27.6 million increase, supported by strong performance from the CF Nitrogen equity investment, though partly offset by lower fertilizer sales tied to a weak U.S. farm economy.
- Corporate and Services pretax earnings fell to $30.6 million, down $70.2 million, mainly because the prior year included a gain on sale of a business by Ventura Foods that did not recur.
CHS Inc. Reports Q3 Fiscal 2026 Results
CHS Inc., a global agribusiness and the nation's leading cooperative, released results for its third quarter of fiscal year 2026. The company reported net income of $267.4 million attributable to CHS and revenues of $11.6 billion for the quarter ended May 31, 2026, compared with net income of $232.2 million and revenues of $9.8 billion in the same quarter of fiscal year 2025.
“The diversity of our ag and energy businesses continues to be a key strength for CHS, as shifting policy and market conditions create both headwinds and tailwinds,” said Jay Debertin, president and CEO of CHS. “We saw strong operational execution during the busy spring planting season, but we also recognize that ongoing market volatility continues to create a challenging environment for farmers and member cooperatives. We remain focused on operating efficiently and managing costs as we provide the products and services farmers need, while working every day to create additional value for our owners.”
Energy Segment Performance
The energy segment, which includes refined fuels, propane, and lubricants, reported pretax earnings of $10.1 million, a $66.6 million increase versus the prior year period. The improvement reflected higher refining margins tied to global market conditions and increased U.S. energy exports, along with strong operational execution at CHS refineries and robust seasonal diesel sales. These gains were mostly offset by record-high RIN costs and softer consumer gasoline demand.
Grains and Agronomy Segments
The grains segment, covering corn, oilseeds, wheat, and specialty grains, posted a pretax loss of $33.6 million, a $0.7 million decrease from the prior year, as reduced global grain margins and higher transportation costs were partially offset by strong corn export volumes and improved oilseed crush margins. Agronomy, which includes crop nutrients, crop protection, and CF Nitrogen, posted pretax earnings of $275.0 million, up $27.6 million, driven by strong CF Nitrogen performance amid favorable urea and UAN market conditions, partially offset by reduced fertilizer sales volumes tied to the weak U.S. farm economy.
CHS Inc.'s Corporate and Services Segment
The Corporate and Services segment, which includes CHS Capital, CHS Hedging, and the Ardent Mills and Ventura Foods joint ventures, reported pretax earnings of $30.6 million, down $70.2 million from the prior year. The decline was largely due to a gain on sale of a business by Ventura Foods in the prior-year period that did not recur.
Leadership Perspective on the Quarter
CHS said it remains focused on operating efficiently and managing costs amid ongoing market volatility, while continuing to provide products and services farmers need across its diversified agriculture and energy businesses.
Read the entire financial results here
