Key facts
- Archer-Daniels-Midland reported Q2 adjusted profit of $1.84 per share, exceeding the $1.44 analyst estimate.
- Strong grain trading margins and crop processing margins contributed to ADM's Q2 performance.
- Duke Energy reported Q2 adjusted profit of $1.43 per share, beating estimates.
- ADM lifted its 2026 profit forecast, citing favorable U.S. biofuels policies and commercial execution.
Archer-Daniels-Midland (ADM) surpassed Wall Street's profit expectations for the second quarter, reporting an adjusted profit of $1.84 per share, which exceeded the average analyst estimate of $1.44. The company benefited from higher margins in its grain trading business and strong crop processing margins. CEO Juan Luciano cited strong commercial and operational execution and momentum in nutrition as contributing factors.
Separately, utility Duke Energy also beat analyst estimates for its second-quarter profit, posting $1.43 per share against expectations of $1.30. This performance was driven by increased electricity demand and infrastructure investments, which helped offset rising expenses. Duke Energy's electric utilities segment reported a profit of $1.27 billion, up from $1.19 billion a year prior.
ADM has also raised its 2026 profit outlook, driven by favorable U.S. biofuels policies. The company's Ag Services & Oilseeds segment is expected to show improved performance, particularly with stronger soybean crush margins and healthy export activity. The Carbohydrate Solutions segment is also anticipated to be a key driver, especially ethanol margins due to favorable policy incentives.