CHS Inc. reported fiscal 2026 net income of $1.1 billion for the year ended August 31, 2026, compared with $597.9 million in fiscal 2025. Consolidated revenue was $39.2 billion, versus $35.5 billion, with the increase due largely to higher commodity prices.
Energy pretax earnings were $554.590 million, compared with a $19.015 million loss, and Grains pretax earnings were $127.378 million, versus $44.003 million. Agronomy pretax earnings were $354.640 million, down from $375.283 million, while Corporate and Services earnings were $92.111 million, versus $214.501 million. CHS cited refining margins and oilseed crush and ethanol margins, alongside lower agronomy volumes and lower joint-venture earnings.
CHS intends to distribute $300 million in cash patronage and equity redemptions in fiscal 2027, an approximately 150% increase over fiscal 2026: $150 million in cash patronage and up to $150 million in equity redemptions. Its announced projects include a proposed nearly $450 million phosphate facility and an approximately $700 million soybean plant; both are expected to operate in late 2028 or 2029, pending project-related approvals.
CHS Inc. reported fiscal 2026 revenue of $39.2 billion and net income attributable to CHS of $1.1 billion, compared with $35.5 billion and $597.9 million, respectively, in fiscal 2025. Net cash from operating activities was $1.584 billion, versus $635.8 million.
Energy income before taxes rose to $554.6 million from a $19.0 million loss, with higher refining margins and production contributing. Grains income before taxes increased to $127.4 million from $44.0 million. Agronomy income before taxes was $354.6 million, down from $375.3 million, as lower crop nutrient and crop protection volumes and margins offset strong CF Nitrogen results. Corporate and Services income before taxes fell to $92.1 million from $214.5 million.
Higher RIN prices and increased renewable volume obligations weighed on earnings. CHS expects fiscal 2027 capital expenditures of approximately $850.8 million, including amounts for its recently announced soybean processing facility in Evansville, Wisconsin.
CHS Inc. declared regular quarterly dividends of $0.50 on its 8% Cumulative Redeemable Preferred Stock; $0.492188 on Class B Cumulative Redeemable Preferred Stock, Series 1; $0.443750 on Class B Reset Rate Cumulative Redeemable Preferred Stock, Series 2; $0.421875 on Class B Reset Rate Cumulative Redeemable Preferred Stock, Series 3; and $0.468750 on Class B Cumulative Redeemable Preferred Stock, Series 4. Payments are scheduled for December 31, 2026, to shareholders of record on December 16, 2026.
CHS INC (symbol: CHSCL) is the issuer of record for a Form 8-K filing submitted to the SEC. CHS Inc. said Russell Kehl, a member of its Board of Directors since 2017, notified the company of his resignation, effective December 2, 2026. Kehl served as a Region 6 Director. Under the CHS Bylaws, candidates will be nominated at the 2026 Annual Meeting of Members to stand for election as a Region 6 Director and fill the one-year vacancy resulting from his resignation.
CHS Inc. (CHSCL) disclosed that it amended key financing arrangements related to its receivables and loan financing. The company, through its indirect subsidiary Cofina Funding, LLC, entered into Omnibus Amendment No. 16 to its Amended and Restated Receivables Purchase Agreement and related Sale and Contribution Agreement. This amendment extends the term of CHS Inc.’s receivables and loans securitization facility to August 25, 2027, unless earlier terminated under the agreement, implements pricing revisions, and removes the credit spread adjustment, along with other administrative changes.
Separately, CHS Inc. entered into Omnibus Amendment No. 4 with Coöperatieve Rabobank U.A., New York Branch, relating to the Master Framework Agreement that governs the company’s repurchase financing facility. This amendment also extends the scheduled term of the repurchase financing facility to August 25, 2027 and includes administrative updates. CHS Inc. notes that these actions create direct financial obligations and off-balance sheet arrangements as described.
CHS Inc described plans to hold two virtual owners forums on August 6 and 7, 2026, where directors and management present business updates and a financial overview for the first three quarters of fiscal 2026 through May 31, 2026.
For the first nine months of fiscal 2026, CHS reported net income of $380.8 million, compared with $401.2 million a year earlier, which it characterized as a strong result given lower grain prices, compressed margins, shifting trade flows and regulatory and geopolitical uncertainty. The energy segment generated pretax profit of $28.8 million, a swing of more than $149 million from the prior-year loss, driven by better refining margins and strong diesel demand but offset by higher renewable fuel credit obligations and unrealized hedging losses. Grains posted a $15.3 million pretax loss versus $125.8 million of pretax earnings, reflecting lower margins, trade dynamics, higher transportation costs, competition and mark-to-market effects.
Agronomy delivered pretax profit of $300.4 million, up from $264.0 million, largely from the CF Nitrogen equity investment, while corporate and services pretax profit declined to $75.5 million from $163.3 million after a significant Ventura Foods gain in 2025 did not repeat. Income tax expense decreased to $8.7 million from $31.7 million, largely due to renewable fuel tax credits known as 45Z. Management highlighted that biofuels policy supports grain processing margins but increases energy segment costs, and emphasized ongoing portfolio review, targeted investments in agronomy, processing and logistics, and expectations of continued commodity volatility and policy uncertainty.
CHS Inc. reported stronger third quarter fiscal 2026 results, with net income attributable to CHS of $267.4 million and revenues of $11.6 billion for the quarter ended May 31, 2026, compared with net income of $232.2 million and revenues of $9.8 billion a year earlier.
Energy pretax earnings were $10.1 million, a sharp improvement from a prior-year loss, driven by higher refining margins and strong diesel demand, though record-high renewable energy credit costs weighed on results. Grains posted a $33.6 million pretax loss amid weak global grain margins, partly offset by strong corn exports and oilseed crush margins.
Agronomy delivered pretax earnings of $275.0 million, helped by the CF Nitrogen equity method investment despite lower fertilizer sales volumes. Corporate and Services pretax earnings fell to $30.6 million from $100.8 million, largely because a Ventura Foods business sale gain in 2025 did not repeat. CHS also noted that starting in fiscal 2026, its segment reporting has been recast to match a new end-to-end product line operating model.
CHS Inc. reported stronger quarterly results for the three months ended May 31, 2026, with revenue of $11.6 billion up from $9.8 billion and net income rising to $267.4 million from $231.7 million. Higher gross profit, particularly in Energy and Agronomy, more than offset increased marketing and administrative expenses.
For the first nine months of fiscal 2026, revenue reached $28.8 billion versus $26.9 billion a year earlier, while net income edged down to $380.8 million from $401.2 million, reflecting higher interest expense and lower equity income from some investments. Operating cash flow improved sharply to $201.2 million from a $635.3 million outflow, even as inventories and receivables grew. Total assets increased to $20.8 billion, supported by larger receivables and inventories, while total debt also rose, including a new $300 million term loan.
CHS Inc. declared regular quarterly cash dividends on its listed preferred stock series. The company set dividends of $0.50, $0.492188, $0.443750, $0.421875 and $0.468750 per share on its 8% Cumulative Redeemable Preferred Stock and Class B Preferred Series 1–4, each with a $25.00 per-share liquidation preference. The dividends are payable on September 30, 2026 to shareholders of record on September 16, 2026, continuing the company’s scheduled income stream for preferred holders.
CHS Inc. reported a second quarter fiscal 2026 net loss of $147.1 million on revenues of $8.4 billion, compared with a net loss of $75.8 million and revenues of $7.8 billion a year earlier, reflecting wider losses despite higher sales.
The energy segment posted a pretax loss of $133.6 million, a larger loss than the prior year period, driven by significantly higher renewable energy credit expenses and hedging losses, partly offset by better crack spreads and refined fuels mix. Grains recorded a pretax loss of $17.9 million and agronomy a pretax loss of $11.5 million, both slightly worse than the prior year, as weaker oilseed crush and crop nutrient margins outweighed benefits from corn exports and the CF Nitrogen joint venture.
Corporate and Services moved to a pretax loss of $1.9 million from prior-year income, mainly due to lower equity method earnings from joint ventures. For the first six months of fiscal 2026, CHS reported income before income taxes of $107.2 million and net income attributable to CHS Inc. of $113.4 million, both below the prior year’s six-month results.