CHS Inc. announced net income of $232.2 million for its third quarter of fiscal year 2025, down from $297.3 million in the same period last year. The company reported revenues of $9.8 billion for the quarter ended May 31, 2025, slightly up from $9.6 billion in the third quarter of fiscal 2024.
Jay Debertin, president and CEO of CHS Inc., attributed the strong performance in the company's agronomy and retail businesses to favorable spring weather and the company's ability to meet owners' planting needs.
The Ag segment saw a pretax income increase of $42.5 million to $151.0 million, driven by higher volumes and margins for wholesale and retail agronomy products. However, this was partially offset by decreased margins in grain, oilseed, and oilseed processing categories.
The Energy segment reported a pretax loss of $50.1 million, a $147.9 million decrease from the prior year, primarily due to planned major maintenance at the McPherson, Kansas, refinery and increased costs for renewable fuel credits.
Nitrogen Production pretax earnings rose slightly to $54.6 million, benefiting from favorable market conditions for urea. The Corporate and Other segment saw a significant increase in pretax earnings to $103.3 million, largely due to strong results from the Ventura Foods joint venture.
Despite challenges in the energy sector, Debertin expressed confidence in the cooperative's ability to navigate current market conditions, emphasizing the company's commitment to customer service and efficiency improvements.
