CHS Inc. reported net income of $267.4 million attributable to CHS and revenues of $11.6 billion for its third quarter of fiscal year 2026, which ended May 31. The results represent an increase from net income of $232.2 million and revenues of $9.8 billion in the third quarter of fiscal year 2025.
“The diversity of our ag and energy businesses continues to be a strength for CHS, as shifting policy and market conditions create both headwinds and tailwinds,” said Jay Debertin, president and CEO of CHS. “We saw strong operational execution during the busy spring planting season, but we also recognize that ongoing market volatility continues to create a challenging environment for farmers and member cooperatives.”
Grains face continued pressure
The grains segment reported a pretax loss of $33.6 million, representing a $0.7 million decrease versus the prior year period. Reduced global grain margins and increased transportation costs were partially offset by strong corn export volumes and increased oilseed crush margins in response to U.S. biofuels policy enhancements.
Agronomy performance improves
Pretax earnings of $275.0 million in the agronomy segment represent a $27.6 million increase versus the prior year period. Strong performance for the CF Nitrogen equity method investment due to favorable market conditions for urea and UAN was partially offset by reduced fertilizer sales volumes in response to the weak U.S. farm economy.
Energy segment rebounds
The energy segment reported pretax earnings of $10.1 million for the third quarter, a $66.6 million increase versus the prior year period. Improved margins were driven by higher refining margins resulting from global conditions and increased U.S. energy exports. Strong seasonal sales volumes of diesel fuel partially offset softer consumer demand for gasoline. These favorable results were mostly offset by record-high costs for renewable energy credits.
