CHS reports higher third-quarter earnings driven by energy and agronomy segments

Key facts

• CHS reported $267.4 million in net income and $11.6 billion in revenue for the third quarter of fiscal year 2026.
• This is an increase from the prior year's third quarter, which saw $232.2 million in net income and $9.8 billion in revenue.
• The energy segment's earnings were boosted by strong refining margins, while the agronomy segment saw increased pretax earnings.
• Grains performance faced global headwinds, but oilseed crush margins were strong.
• High expenses for renewable energy credits and a weak U.S. farm economy presented challenges.

CHS Inc., a global agribusiness cooperative, reported a significant increase in its third-quarter fiscal year 2026 financial results. The company announced a net income of $267.4 million on revenues of $11.6 billion, compared to $232.2 million in net income and $9.8 billion in revenue for the same period in fiscal year 2025. The cooperative attributed its improved performance to the diversity of its operations, particularly strength in its energy and agronomy segments.

The energy segment benefited from strong refining margins driven by global market dynamics and increased U.S. energy exports, although these gains were largely offset by record-high expenses for renewable energy credits (RINs). The agronomy segment reported pretax earnings of $275.0 million, an increase of $27.6 million from the prior year, driven by strong performance from its CF Nitrogen equity method investment. However, sales volumes for agronomy products were lower due to high prices and a weak U.S. farm economy.

Performance in the grains segment was affected by continued global headwinds impacting grain margins, though this was partially counteracted by strong oilseed crush margins, enhanced by U.S. biofuels policy. CHS President and CEO Jay Debertin emphasized that the diversity of the company's ag and energy businesses remains a key strength in navigating shifting market conditions. He also acknowledged the challenging environment for farmers due to ongoing market volatility, stating the company's focus on efficient operations and cost management.