Key facts
- The Andersons reported Q2 2026 net income of $57 million, or $1.65 per diluted share.
- The Renewables segment achieved record pretax income of $65 million.
- The Agribusiness segment reported $20 million in pretax income.
- Adjusted EBITDA for the quarter was $140 million.
- The company anticipates the Port of Houston's soybean meal export capabilities to be operational in Q4 2026.
The Andersons, Inc. reported robust financial results for the second quarter of 2026, with net income soaring to $57 million, or $1.65 per diluted share, a significant increase from $7.9 million in the same period last year. The company's Renewables segment was a primary driver of this growth, achieving a record pretax income of $65 million. This performance was attributed to strong production levels and benefits derived from 45Z tax credits. The Agribusiness segment also contributed positively, showing a modest improvement with $20 million in pretax income, largely due to better fertilizer margins. Adjusted EBITDA for the quarter reached $140 million, up from $65.2 million in the second quarter of 2025. Looking ahead, The Andersons anticipates that the Port of Houston's soybean meal export capabilities will be operational by the fourth quarter of 2026. The company's strategic investments in debottlenecking and carbon intensity reduction are positioning it to capitalize on the increasing global demand for low-carbon solutions, although it faces potential volatility in agribusiness markets. Management highlighted solid execution in both segments, with recent investments in ethanol plants and Skyland locations contributing to favorable outcomes. The company is progressing on several strategic capital investments, including an expansion at its Clymers, Indiana ethanol production facility and a bio-based diesel feedstock storage and blending facility.