CHS Inc. reported a net loss of $147.1 million for the second quarter of fiscal year 2026, reflecting ongoing global challenges impacting its agribusiness operations.
The company posted revenues of $8.4 billion for the quarter ending February 28, 2026, up from $7.8 billion in the same period last year. Despite higher revenues, CHS faced increased expenses, particularly in its energy segment, which recorded a pretax loss of $133.6 million. This loss was driven by significantly higher costs for renewable energy credits and unrealized hedging losses, partially offset by improved crack spreads and operational execution.
The grains segment also posted a pretax loss of $17.9 million, down $9.5 million from the previous year. This decline was attributed to weaker soy and canola crush margins, though increased corn export volumes and stronger retail corn margins provided some relief.
In agronomy, the segment experienced a pretax loss of $11.5 million, nearly unchanged from the prior year. Lower sales volumes in crop nutrients and protection products weighed on results, but strong performance from the CF Nitrogen joint venture, driven by higher urea and UAN prices, helped offset some losses.
The corporate and services segment saw a pretax loss of $1.9 million, a $16.4 million decrease from last year, mainly due to lower earnings from joint ventures including Ardent Mills and Ventura Foods.
Jay Debertin, CHS president and CEO, emphasized the company’s focus on cost discipline and operational excellence amid challenging market conditions. “We will remain focused on supplying our owners with the inputs they need during planting season while executing our fiscal 2026 priorities,” he said.
CHS has realigned its financial segments this year to better reflect its end-to-end product-line operating model.
