CHS Inc., the nation's leading agribusiness cooperative, reported a net loss of $75.8 million for its second quarter of fiscal year 2025, compared to net income of $170.3 million in the same period last year. Revenues for the quarter ended Feb. 28, 2025, were $7.8 billion, down from $9.1 billion in the previous year.
The company's Energy segment experienced a significant decline in earnings due to unfavorable market conditions affecting refining margins. The Ag segment also saw weaker performance, attributed to lower grain and oilseed margins in a more competitive global marketplace.
Despite these challenges, CHS reported strong sales volumes and continued solid performance from its equity method investments, particularly CF Nitrogen.
Jay Debertin, president and CEO of CHS Inc., said, "CHS remains focused on operational excellence and enhancing efficiency as we navigate this time of softer commodity markets, policy uncertainty and volatility."
For the first six months of fiscal year 2025, CHS reported net income of $169.0 million and revenues of $17.1 billion, compared to net income of $693.2 million and revenues of $20.5 billion in the first half of fiscal year 2024.
The company's Energy segment reported a pretax loss of $83.5 million, while the Ag segment saw a pretax loss of $45.6 million. The Nitrogen Production segment's pretax earnings decreased to $20.3 million, primarily due to increased natural gas costs.
Despite the challenging environment, Debertin expressed confidence in the company's ability to meet its owners' spring planting needs with inputs, services, and local expertise.
