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Get filing alertsCHS reports Q3 net income up 15% to $267.4M on $11.6B revenue
Filed July 8, 2026 · Period ending July 8, 2026 · ~1 min read
Key Changes
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Net income rose 15% to $267.4M on revenues of $11.6B, up from $232.2M and $9.8B in Q3 FY2025, driven by energy segment turnaround and strong CF Nitrogen equity performance.
Exhibit 99.1 view on EDGAR → -
high
Energy segment swung to $10.1M pretax earnings from $56.5M loss prior year, a $66.6M improvement on strong refining margins and diesel volumes, mostly offset by record-high RIN costs.
Exhibit 99.1 view on EDGAR → -
high
Agronomy pretax earnings increased $27.6M to $275.0M on favorable CF Nitrogen equity performance (strong urea/UAN markets), partially offset by lower fertilizer volumes amid weak U.S. farm economy.
Exhibit 99.1 view on EDGAR → -
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Grains segment pretax loss widened slightly to $33.6M from $32.9M on reduced global grain margins and higher transportation costs, partially offset by strong corn exports and improved oilseed crush margins.
Exhibit 99.1 view on EDGAR → -
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Corporate segment pretax earnings fell $70.2M to $30.6M due to non-recurring prior-year gain on Ventura Foods business sale that did not repeat.
Exhibit 99.1 view on EDGAR →
Summary
CHS reported third quarter fiscal 2026 net income of $267.4 million on revenues of $11.6 billion, representing a 15% earnings increase from $232.2 million in the prior year quarter. The improvement was driven by a sharp turnaround in the energy segment, which swung from a $56.5 million pretax loss to $10.1 million in earnings on strong refining margins and robust diesel demand, though record-high renewable energy credit (RIN) costs largely offset the operational gains. The agronomy segment contributed $275.0 million in pretax earnings, up $27.6 million, reflecting continued strength in the CF Nitrogen equity investment as favorable urea and UAN market conditions offset lower fertilizer sales volumes tied to the weak U.S. farm economy.
The grains segment remains under pressure, reporting a $33.6 million pretax loss as reduced global grain margins and elevated transportation costs outweighed strong corn export volumes and improved oilseed crush margins from U.S. biofuels policy tailwinds. The corporate segment's $70.2 million earnings decline reflects a non-recurring prior-year gain from a Ventura Foods business sale. For holders of the preferred shares, the quarter demonstrates the cooperative's ability to generate solid earnings despite headwinds in grain markets and regulatory costs in refining, with the CF Nitrogen investment and energy segment operational strength providing meaningful offsets.
Section-by-Section Diff
Event · Exhibit 99.1
Added in current filing · view on EDGAR →
The company reported net income of $267.4 million attributable to CHS and revenues of $11.6 billion for the quarter that ended May 31, 2026, compared to net income of $232.2 million and revenues of $9.8 billion in the third quarter of fiscal year 2025.
CHS reported third quarter fiscal 2026 net income of $267.4 million on revenues of $11.6 billion, compared to $232.2 million and $9.8 billion in the prior year quarter. The 15% increase in net income reflects improved energy segment performance from strong refining margins (partially offset by record-high renewable energy credit costs), continued strength in the CF Nitrogen equity investment, and strong oilseed crush margins, partially offset by weak grain margins and lower agronomy product sales volumes due to the challenging U.S. farm economy.
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Figures/quotes linked to EDGAR · Narrative written by AI · Jul 13, 2026 · How we verify