Viterra acquisition drives 92% Q2 net income jump to $678M; interest expense doubles on debt

Filed July 29, 2026 · Period ending June 30, 2026 · Compared to 10-Q Aug 5, 2025 · ~2 min read

Key Changes

• high

  Q2 net income rose 92% to $678M (vs $354M prior year) on higher segment EBIT from Viterra contributions and improved processing margins, partially offset by 86% higher interest expense ($197M vs $106M) from acquisition debt.

  MD&A: Net Income & Interest Expense verify on EDGAR →
• high

  Viterra acquisition closed July 2, 2025, for ~$7.2B in cash and stock (65.6M shares issued). Purchase price allocation finalized Q2 2026 with $574M measurement period adjustment increasing goodwill, primarily from property and affiliate valuations.

  Notes: Viterra Acquisition verify on EDGAR →
• high

  Issued $1.2B in new senior notes (March 2026): $500M at 4.800% due 2033 and $700M at 5.150% due 2036. S&P upgraded long-term debt to A- (from BBB+) on stable outlook following Viterra close.

  Notes: 2026 Senior Notes & Credit Ratings view on EDGAR →