Key Takeaways
- The Andersons reported Q2 net income attributable of $57 million, or $1.65 per diluted share, and adjusted net income of $74 million, or $2.15 per diluted share.
- Adjusted EBITDA reached $140 million for the quarter ended June 30, 2026.
- The Renewables segment posted record second-quarter pretax income of $65 million, or $88 million adjusted, on record ethanol production and $24 million of 45Z tax credits.
- Agribusiness pretax income attributable was $20 million on solid fertilizer performance.
- The company is advancing a debottlenecking project at its Clymers, Indiana ethanol plant and expects Port of Houston soybean meal export capacity online in the fourth quarter.
The Andersons reported sharply higher second-quarter earnings, with net income attributable to the company of $57 million, or $1.65 per diluted share, for the quarter ended June 30, 2026. Adjusted net income was $74 million, or $2.15 per diluted share, and adjusted EBITDA reached $140 million.
The Andersons Posts a Stronger Second Quarter
The Maumee, Ohio-based agribusiness (Nasdaq: ANDE) credited record renewable fuels results and year-over-year improvement in its agribusiness segment. “Our second quarter results reflect continued outstanding performance in Renewables and year-over-year improvement in Agribusiness,” said Bill Krueger, President and CEO of The Andersons.
Renewables Drives Record Results
The Renewables segment delivered record second-quarter pretax income of $65 million, or $88 million on an adjusted basis, on record production and strong merchandising. Krueger said finalization of the Renewable Volume Obligations supported firmer commodity markets, while the company’s low-carbon strategy contributed $24 million of 45Z tax credits in the quarter.
Agribusiness and Growth Investments
Agribusiness pretax income attributable to the company was $20 million, up from a year earlier, as merchandising benefited from market volatility and the fertilizer business performed well through the spring application season. The company is preparing a debottlenecking project at its Clymers, Indiana ethanol facility and advancing a Class VI well permit to cut the carbon intensity of its operations.
What The Andersons Expects Next
The Andersons said it expects Port of Houston soybean meal export capabilities to be operational in the fourth quarter. Management pointed to strong ethanol production, favorable export demand and growing adoption of low-carbon fuels as supports for its renewable fuels and feedstocks businesses heading into the second half.
