CHS Inc (NASDAQ: CHSCL) posts $380.8M profit for first nine months 2026

Q: What net income did CHS Inc (CHSCL) report for the first nine months of fiscal 2026?

CHS Inc reported $380.8 million in net income for the first nine months of fiscal 2026 through May 31, 2026, compared with $401.2 million in the same period a year earlier, amid challenging grain markets and policy and geopolitical uncertainty.

Q: How did CHS Inc (CHSCL) segment results vary year to date in fiscal 2026?

Year to date, energy generated $28.8 million pretax profit after a prior‑year loss, grains recorded a $15.3 million pretax loss versus prior‑year earnings, agronomy earned $300.4 million pretax profit, and corporate and services contributed $75.5 million , down from 2025.

Q: What tax impact did renewable fuel credits have on CHS Inc (CHSCL) in fiscal 2026?

Income tax expense fell to $8.7 million from $31.7 million year over year, largely because ethanol plants could claim renewable fuel tax credits known as 45Z , reducing overall tax expense during the first nine months of fiscal 2026.

Q: Why did CHS Inc (CHSCL) corporate and services earnings decline year over year?

Corporate and services pretax profit was $75.5 million versus $163.3 million a year earlier, primarily because Ventura Foods recognized a significant gain from a business sale in fiscal 2025 that did not recur in fiscal 2026, reducing year-over-year comparability.

Q: What events did CHS Inc (CHSCL) schedule for owners in late 2026?

CHS scheduled the 2026 CHS New Leaders Forum for December 1‑3 in Minneapolis and the 2026 CHS Annual Meeting for December 3‑4 in Minneapolis, with registration for both events opening on October 8 via the owner events website.

Filing Impact

(High)

Filing Sentiment

(Neutral)

Form Type

8-K

Rhea-AI Filing Summary

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.

Filing Explained

The portfolio changes remain at review or planning stage; governance changes target December elections, while Danube expansion is complete.

Form 8-Ks report specified material events within four business days; this filing furnishes the slide presentation and remarks for CHS’s two virtual owners forums. The presentation places new opportunities and portfolio actions at the review or planning stage, so the disclosed structural consequence is prospective: CHS is reviewing assets for possible closure or sale and considering investments in agronomy, processing and local supply chains.

The board says incorporating a nominating committee gives more structure and transparency to elections, and this year’s annual-meeting elections are the first in which members can vote for candidates assessed and recommended by it. Internationally, CHS says it completed the Danube expansion, expects Santos to break ground soon, and describes international investments as a small portion of capital spending.

The next named milestones are registration opening on October 8, 2026, the New Leaders Forum on December 1–3, 2026, and the annual meeting on December 3–4, 2026. The company also expects to provide more information about the opportunities under review over the next few months.

8-K Event Classification

2 items: 7.01, 9.01

2 items

Item 7.01 Regulation FD Disclosure Disclosure

Material non-public information disclosed under Regulation Fair Disclosure, often investor presentations or guidance.

Item 9.01 Financial Statements and Exhibits Exhibits

Financial statements, pro forma financial information, and exhibit attachments filed with this report.

Key Figures

Net income: $380.8 million Energy pretax profit: $28.8 million Grains pretax result: ($15.3 million) +4 more

7 metrics

Net income $380.8 million First nine months of fiscal 2026 vs $401.2 million in the same period of 2025

Energy pretax profit $28.8 million First nine months of fiscal 2026, an improvement of more than $149 million from the prior-year loss

Grains pretax result ($15.3 million) Pretax loss for first nine months of fiscal 2026 vs $125.8 million of pretax earnings a year earlier

Agronomy pretax profit $300.4 million First nine months of fiscal 2026 vs $264.0 million during the same period of 2025

Corporate and services pretax profit $75.5 million First nine months of fiscal 2026 vs $163.3 million a year earlier, after a prior Ventura Foods gain did not recur

Pretax income $389.4 million Total pretax income for the first nine months of fiscal 2026 vs $433.0 million in 2025

Income tax expense $8.7 million First nine months of fiscal 2026 vs $31.7 million a year earlier, reduced by renewable fuel tax credits (45Z)

Key Terms

renewable fuel credit obligations, RINs, mark-to-market, equity investment, +2 more

6 terms

renewable fuel credit obligations regulatory

"These obligations significantly increase our refinery operating costs and negatively impact our earnings."

RINs regulatory

"renewable fuel credit obligations, commonly known as RINs."

RINs (Renewable Identification Numbers) are tradable compliance credits used to prove that a certain volume of transportation fuel comes from renewable sources under government mandates. Think of them as digital coupons companies must submit to show they met biofuel rules; their price swings can add or shave costs from refiners, fuel producers, and agriculture-linked businesses, so RIN markets can materially affect profit margins and investment value.

mark-to-market financial

"we had some accounting adjustments, known as mark-to-market, which had an adverse impact"

"Mark-to-market" is a method of valuing assets or investments based on their current market price, rather than their original cost or value. It helps investors see the most up-to-date worth of their holdings, much like checking the latest price of a stock before deciding to buy or sell. This approach ensures that financial statements reflect real-time value, providing a clearer picture of overall financial health.

equity investment financial

"strong performance of CF Nitrogen, our equity investment, due to favorable market conditions"

An equity investment is buying ownership in a company by purchasing its shares, which gives you a claim on future profits and a portion of the company's value. It matters to investors because returns depend on the company’s growth and performance—like owning a slice of a pie that can grow or shrink—so you can gain through rising share prices or dividends but also risk losing value if the business falters.

renewable fuel tax credits regulatory

"ethanol plants being able to claim renewable fuel tax credits, also known as 45Z."

noncontrolling interests financial

"Noncontrolling interests ($20.4)$401.2$380.8Net income"

The portion of a subsidiary’s equity and profits that belongs to outside owners rather than the parent company; when a parent reports consolidated results it includes the whole subsidiary but shows the noncontrolling slice separately. Think of a company’s subsidiary as a pie where the parent owns most slices but some are held by other investors — noncontrolling interests tell you how much of the pie and its future earnings don’t belong to the parent, which affects how much profit and net assets are truly attributable to the parent’s shareholders.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Available on EDGAR 08/06/2026 - 08:54 AM Accepted by SEC EDGAR 08/06/2026 - 08:53 AM

FAQ

What net income did CHS Inc (CHSCL) report for the first nine months of fiscal 2026?

CHS Inc reported $380.8 million in net income for the first nine months of fiscal 2026 through May 31, 2026, compared with $401.2 million in the same period a year earlier, amid challenging grain markets and policy and geopolitical uncertainty.

How did CHS Inc (CHSCL) segment results vary year to date in fiscal 2026?

Year to date, energy generated $28.8 million pretax profit after a prior‑year loss, grains recorded a $15.3 million pretax loss versus prior‑year earnings, agronomy earned $300.4 million pretax profit, and corporate and services contributed $75.5 million, down from 2025.

How is U.S. biofuels policy affecting CHS Inc (CHSCL) results?

CHS noted that stronger biofuels policy supports demand for soybean oil and improves oilseed crush margins, benefiting grains and processing, while higher renewable fuel credit obligations, or RINs, significantly increase refinery operating costs and pressure earnings in the energy segment.

What tax impact did renewable fuel credits have on CHS Inc (CHSCL) in fiscal 2026?

Income tax expense fell to $8.7 million from $31.7 million year over year, largely because ethanol plants could claim renewable fuel tax credits known as 45Z, reducing overall tax expense during the first nine months of fiscal 2026.

Why did CHS Inc (CHSCL) corporate and services earnings decline year over year?

Corporate and services pretax profit was $75.5 million versus $163.3 million a year earlier, primarily because Ventura Foods recognized a significant gain from a business sale in fiscal 2025 that did not recur in fiscal 2026, reducing year-over-year comparability.

What events did CHS Inc (CHSCL) schedule for owners in late 2026?

CHS scheduled the 2026 CHS New Leaders Forum for December 1‑3 in Minneapolis and the 2026 CHS Annual Meeting for December 3‑4 in Minneapolis, with registration for both events opening on October 8 via the owner events website.

What strategic focus areas did CHS Inc (CHSCL) management highlight?

Management emphasized portfolio review to ensure assets provide value, and highlighted investments in agronomy supply certainty, expanded grain and oilseed processing, and local "speed and space" logistics, as well as diversified international origination to supply customers year-round.

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, DC 20549

FORM 8-K

CURRENT REPORT

PURSUANT TO SECTION 13 OR 15(d) OF

THE SECURITIES EXCHANGE ACT OF 1934

Date of report (Date of earliest event reported): August 6, 2026

CHS Inc.

(Exact Name of Registrant as Specified in its Charter)

Commission File Number: 001-36079

Minnesota

41-0251095

(State or other jurisdiction of
incorporation or organization)

(I.R.S. Employer
Identification Number)

5500 Cenex Drive

Inver Grove Heights,

Minnesota

55077

(Address of principal executive offices, including zip code)

(651)

355-6000

(Registrant’s telephone number, including area code)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:


Title of each class	Trading Symbol(s)	Name of each exchange on which registered
8% Cumulative Redeemable Preferred Stock	CHSCP	The Nasdaq Stock Market LLC
Class B Cumulative Redeemable Preferred Stock, Series 1	CHSCO	The Nasdaq Stock Market LLC
Class B Reset Rate Cumulative Redeemable Preferred Stock, Series 2	CHSCN	The Nasdaq Stock Market LLC
Class B Reset Rate Cumulative Redeemable Preferred Stock, Series 3	CHSCM	The Nasdaq Stock Market LLC
Class B Cumulative Redeemable Preferred Stock, Series 4	CHSCL	The Nasdaq Stock Market LLC

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 7.01 Regulation FD Disclosure.

CHS Inc. (“CHS”) will hold two virtual owners forums for its members via livestream: one on August 6, 2026, and one on August 7, 2026. Each of these virtual owners forums will include a slide presentation from members of CHS management and the CHS Board of Directors. A copy of the slide presentation that will be used at each of the virtual owners forums, along with an outline of the remarks relating thereto, is attached hereto as Exhibit 99.1 and is incorporated herein by reference.

Pursuant to General Instruction B.2. to Form 8-K, the information set forth in this Item 7.01, and the exhibits to this report, are deemed to be “furnished” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities of that section. The information set forth in Item 7.01, and the exhibits to this report shall not be deemed to be an admission as to the materiality of any information in this Form 8-K that is required to be disclosed solely to satisfy the requirements of Regulation FD.

Item 9.01 Financial Statements and Exhibits.


Exhibit No.						Description
99.1						Virtual Owners Forums Slide Presentation and Outline of Remarks*

104						Cover Page Interactive Data File (embedded within the Inline XBRL document)

*The Exhibit relating to Item 7.01 is intended to be furnished to, not filed with, the SEC pursuant to Regulation FD.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

CHS Inc.

Date: August 6, 2026

By:

/s/ Olivia Nelligan

Olivia Nelligan

Executive Vice President, Chief Financial Officer and Chief Strategy Officer

© 2026 CHS Inc Public 1 Forward-looking statements This document and other CHS Inc. publicly available documents contain, and CHS officers, directors and representatives may from time to time make, "forward-looking statements" within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements can be identified by words such as "anticipate," "intend," "plan," "goal," "seek," "believe," "project," "estimate," "expect," "strategy," "future," "likely," "may," "should," "will" and similar references to future periods. Forward-looking statements are neither historical facts nor assurances of future performance. Instead, they are based only on our current beliefs, expectations and assumptions regarding the future of our businesses, financial condition and results of operations, future plans and strategies, projections, anticipated events and trends, the economy and other future conditions. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict and many of which are outside of our control. Our actual results and financial condition may differ materially from those indicated in the forward-looking statements. Therefore, you should not place undue reliance on any of these forward-looking statements. Important factors that could cause our actual results and financial condition to differ materially from those indicated in the forward-looking statements are discussed or identified in our filings made with the U.S. Securities and Exchange Commission, including in the "Risk Factors" discussion in Item 1A of CHS Annual Report on Form 10-K for the fiscal year ended August 31, 2025. These factors may include changes in commodity prices; political, economic, legal and other risks of doing business globally; ongoing wars and global conflicts; global and regional factors impacting the supply of or demand for our products; the impact of government policies, mandates, regulations and trade agreements, including the imposition of tariffs and retaliatory tariffs; the impact of inflation; the impact of competitive business markets; any loss of members who choose to do business with other companies instead of us; the impact of market acceptance of alternatives to refined petroleum products; consolidation among our suppliers and customers; nonperformance or nonpayment by contractual counterparties; deterioration in credit quality of third parties who owe us money; the effectiveness of our risk management strategies; actual or perceived quality, safety or health risks associated with our products; business interruptions, casualty losses and supply chain issues; the impact of epidemics, pandemics, outbreaks of disease and other adverse public health developments; the impact of workforce factors; technological improvements and sustainability initiatives that decrease demand for our products; technical, legal and opportunistic-related risks from advancements in artificial intelligence; security breaches or other disruptions in our information technology systems or assets; increased scrutiny and changing expectations with respect to environmental, social and governance practices; failures or delays in achieving strategies or expectations related to climate change or other environmental matters; our ability to complete, integrate and benefit from acquisitions, strategic alliances, joint ventures, divestitures and other nonordinary course-of- business events; changes in federal income tax laws or our tax status; the impact and costs of compliance or noncompliance with applicable laws and regulations; the costs of compliance with environmental and energy laws and regulations; the impact of environmental liabilities and litigation; the impact of seasonality; the impairment of long-lived assets; our funding needs and financing sources; financial institutions’ and other capital sources’ policies concerning energy-related businesses; limits on our ability to access equity capital due to our cooperative structure; and other factors affecting our businesses generally. Any forward-looking statements made by us in this document are based only on information currently available to us and speak only as of the date on which the statement is made. We undertake no obligation to update any forward-looking statement, whether written or oral, that may be made from time to time, whether as a result of new information, future developments or otherwise except as required by applicable law. Before we get started, please take a moment to review this slide, which has important information for our time together. Some of the business and financial topics we discuss may be considered forward-looking statements under United States securities laws. It’s important to understand that future events and results could differ from our comments today. 1 EX99.1

© 2026 CHS Inc Public 4 Today’s agenda • CHS Board update • Business overview • Financial report • Business leader panel • Your questions and comments C.J. Blew, chair, CHS Board of Directors • Welcome • Virtual meeting: efficient use of everyone’s time, opportunities to gain information and ask questions • We look forward to your questions -- information on the screen on how to submit a question • Today’s agenda o I’ll provide a few notes from the CHS Board of Directors oBrief business overview from President and CEO Jay Debertin o Financial update from Olivia Nelligan, CFO and chief strategy officer oBusiness trends and insights from a panel of CHS leaders oOpen up for your questions and comments oWe’ll wrap in about an hour 4

© 2026 CHS Inc Public© 2026 CHS Inc Public Board update C.J. Blew, chair, CHS Board of Directors • The Board and management have been reviewing some exciting new opportunities for CHS and our members. o We anticipate being able to tell you more about those projects as they unfold over the next few months. • The Board continues to gain deeper understanding about global and domestic market forces. o Last month, several of us toured CHS assets in Brazil and were impressed by progress and improving infrastructure. Our ability to meet global customer needs year-round will make us a stronger grain and oilseed supplier for U.S. crops. • Board members have been involved in government relations advocacy efforts, using our voices to speak up for the cooperative system and U.S. agriculture on biofuels and other 5

topics. • We continue taking steps to ensure CHS has a Board of Directors that can lead the company into the future with vision and commitment to the cooperative system. o Incorporating a nominating committee into CHS governance is one element of that work, giving more structure and transparency to our election process. o The Director elections at this year’s annual meeting will be your first opportunity to vote for candidates that have been assessed and recommended by the nominating committee. o If you know someone who would make an excellent nominating committee member or CHS Director – or if you are interested in those leadership opportunities – please talk with a Board member from your region. 5

© 2026 CHS Inc Public 6 2026 CHS New Leaders Forum Dec. 1-3, Minneapolis 2026 CHS Annual Meeting Dec. 3-4, Minneapolis Registration opens Oct. 8 chsinc.com/owner-events Mark your calendars Annual meeting/New Leaders Forum • Plan to attend the 2026 CHS Annual Meeting, Dec. 3-4 in Minneapolis. • Begin looking for emerging and potential leaders in your cooperative who should attend the CHS New Leaders Forum, Dec. 1-3 in Minneapolis. • New Leaders Forum is another example of ways we are identifying and encouraging the next leaders in our cooperative system. • Registration for both CHS annual meeting and New Leaders Forum opens October 8. Introduce Jay Now I’d like to introduce CHS president and CEO Jay Debertin for a brief management update. 6

© 2026 CHS Inc Public© 2026 CHS Inc Public Business overview Jay Debertin, president and CEO Welcome • Looking forward to connecting through virtual format. • Later our business leaders will come on for a panel, but first I want to give you some of my thoughts on the year and the state of CHS. State of CHS and ag/energy markets • Olivia will speak to the financial impact, but a few thoughts from me on our ag and energy commodity markets. • Energy oSeeing stronger performance and good margins oBut also high costs to operate (RINs) • Grains o Those same policies that create high costs in energy, create opportunity in processing and we’re seeing good margins in oilseed processing 7

oStill see high inventories on grain, strong competition – continue to advocate for year-round E15 as one way to increase domestic demand for corn-based ethanol • Agronomy oHigh prices and changing purchasing decisions What CHS is doing to remain strong – for you • Portfolio review – you may be aware of a few facility closures or sales. We’re focused on making sure every asset is working for us and providing the most value. • At the same time, future investments – we are looking at opportunities within our core capabilities, particularly in areas that reflect what U.S. agriculture is going to need. oAgronomy – more supply certainty among trade and geopolitical uncertainty oProcessing – more domestic consumption of U.S. grain and growth in biofuels oSpeed and space – continued investment in local ag supply chains • Internationally, continuing to diversify origination in order to stay nimble and to continue to supply customers with grain year-round. oCompleted Danube expansion oSantos breaking ground soon oHowever, international investments continues to be a small portion of our CapEx. Transition to Olivia • Now, I’d like turn it over to Olivia for our financial report for the first three quarters of our fiscal year • I’ll be back on for the business panel 7

• Thank you for your business 7

© 2026 CHS Inc Public© 2026 CHS Inc Public Financial report Olivia Nelligan, CFO, chief strategy officer Thank you for joining us today, and thank you for your business and support of CHS. Today I will share highlights from our financial performance for the first three quarters of fiscal year 2026 through 31 May 2026. 8

© 2026 CHS Inc Public Reporting segments 9 Refined fuels Propane Lubricants Energy CHS Capital CHS Hedging Ardent Mills Ventura Foods Transportation Corporate/Services Crop nutrients Crop protection CF Nitrogen equity investment Agronomy Corn Soybeans Wheat Specialty grains Animal nutrition Grains We report results through three segments — energy, grains and agronomy — with our remaining businesses reported in corporate and services. This structure reflects how we operate and gives us a clear view of end-to-end profitability, from the farmgate to customers around the world. With that in mind, let’s look at our year-to-date financial performance. 9

© 2026 CHS Inc Public CHS net income (Year to date fiscal 2026) Change20252026($ in millions*) $149.1($120.3)$28.8Energy (141.1)125.8(15.3)Grains 36.3264.1300.4Agronomy (87.8)163.375.5Corporate and Services (43.6)433.0389.4Pretax income (23.0)31.78.7Income tax expense (0.1)0.1—Noncontrolling interests ($20.4)$401.2$380.8Net income *Rounded to nearest decimal For the first nine months of fiscal year 2026, CHS reported net income of $380.8 million, compared with $401.2 million for the same period last year. While modestly below last year, this is a strong result in light of dynamic market conditions including lower grain prices, compressed margins, shifting global trade flows, regulatory impacts and geopolitical uncertainty. It is also reflective of shifting biofuels policy, as Jay mentioned. 10

• On the grain and processing side, stronger biofuels policy supports demand for feedstocks such as soybean oil. That demand strengthens crush margins and creates opportunities for our oilseed processing business. • At the same time, those same policies increase costs within our refined fuels business through renewable fuel credit obligations, commonly known as RINs. These obligations significantly increase our refinery operating costs and negatively impact our earnings. So while biofuels policy creates a tailwind for grains and processing, it has created a headwind for energy and it is a good example of why our diversified and integrated portfolio makes us a more resilient company. With that backdrop in mind, I will provide a few more specifics on each segment. 10

© 2026 CHS Inc Public CHS net income (Year to date fiscal 2026) Change20252026($ in millions*) $149.1($120.3)$28.8Energy (141.1)125.8(15.3)Grains 36.3264.1300.4Agronomy (87.8)163.375.5Corporate and Services (43.6)433.0389.4Pretax income (23.0)31.78.7Income tax expense (0.1)0.1—Noncontrolling interests ($20.4)$401.2$380.8Net income *Rounded to nearest decimal Through the first nine months of fiscal year 2026, our energy segment generated $28.8 million in pretax profit, representing a significant improvement of more than $149 million compared with the same period the previous fiscal year. • Better refining margins, good operational performance and strong diesel demand helped performance, while elevated RIN costs mostly offset those favorable factors and continued to pressure profitability. • These results also reflect unrealized losses on our hedging positions. As we carry out our contracts, there is the potential to see losses reverse and improve earnings in future periods. 11

© 2026 CHS Inc Public CHS net income (Year to date fiscal 2026) Change20252026($ in millions*) $149.1($120.3)$28.8Energy (141.1)125.8(15.3)Grains 36.3264.1300.4Agronomy (87.8)163.375.5Corporate and Services (43.6)433.0389.4Pretax income (23.0)31.78.7Income tax expense (0.1)0.1—Noncontrolling interests ($20.4)$401.2$380.8Net income *Rounded to nearest decimal Through the first nine months of the fiscal year, grains reported a pretax loss of $15.3 million, compared with pretax earnings of $125.8 million during the same period last year. • Results were pressured by lower margins, trade dynamics, higher transportation costs and global competition, though this was partially offset by strong corn exports and improved oilseed crush margins later in the year. • Similar to energy, we had some accounting adjustments, known as mark-to-market, which had an adverse impact on our earnings. As we execute contracts, we may see a reversal of these impacts with the potential to see some 12

improvement to earnings in future quarters. These types of contract-related accounting differences are typical every year, but they can have a more outsized impact on our earnings when markets are highly volatile like they are today. 12

© 2026 CHS Inc Public CHS net income (Year to date fiscal 2026) Change20252026($ in millions*) $149.1($120.3)$28.8Energy (141.1)125.8(15.3)Grains 36.3264.1300.4Agronomy (87.8)163.375.5Corporate and Services (43.6)433.0389.4Pretax income (23.0)31.78.7Income tax expense (0.1)0.1—Noncontrolling interests ($20.4)$401.2$380.8Net income *Rounded to nearest decimal In agronomy, pretax profit for the first nine months was $300.4 million, compared with $264 million during the same period last year, an improvement of $36 million. • This was driven by strong performance of CF Nitrogen, our equity investment, due to favorable market conditions for urea and UAN fertilizer. However, this was partially offset by lower crop nutrients and crop protection volumes as producers made cautious purchasing decisions amid tight farm margins. 13

© 2026 CHS Inc Public CHS net income (Year to date fiscal 2026) Change20252026($ in millions*) $149.1($120.3)$28.8Energy (141.1)125.8(15.3)Grains 36.3264.1300.4Agronomy (87.8)163.375.5Corporate and Services (43.6)433.0389.4Pretax income (23.0)31.78.7Income tax expense (0.1)0.1—Noncontrolling interests ($20.4)$401.2$380.8Net income *Rounded to nearest decimal Through the first nine months of fiscal year 2026, this category generated $75.5 million in pretax profit, compared with $163.3 million during the same period last year. • This decrease primarily reflects a significant gain recognized by Ventura Foods in fiscal year 2025 from the sale of a business that did not repeat in fiscal year 2026. 14

© 2026 CHS Inc Public CHS net income (Year to date fiscal 2026) Change20252026($ in millions*) $149.1($120.3)$28.8Energy (141.1)125.8(15.3)Grains 36.3264.1300.4Agronomy (87.8)163.375.5Corporate and Services (43.6)433.0389.4Pretax income (23.0)31.78.7Income tax expense (0.1)0.1—Noncontrolling interests ($20.4)$401.2$380.8Net income *Rounded to nearest decimal So, in summary, net income of $380.8 million for the first nine months of our year is a strong result, especially in light of the variance marketplace dynamics that have been impacting agricultural commodities. We also are proud that we have maintained a strong balance sheet and excellent liquidity throughout the year. Looking ahead, we expect continued commodity volatility due to geopolitical and potential weather impacts. We are expecting a continued environment of policy uncertainty and pressure on the farm economy. 16

Our focus remains on operating efficiently, managing costs, aligning assets with our product-line strategies and investing where we can win and where we can add value for our owners. We are confident in the strength of CHS and our diversified portfolio. We will continue working every day to serve our customers and create value for you. Thank you again for your continued business and your commitment to CHS. Now, I will pass it back to Jay and our panelists. 16

© 2026 CHS Inc Public© 2026 CHS Inc Public Business leader panel Gary Halvorson, executive vice president, enterprise customer development Brandon Smith, executive vice president, general counsel Darin Hunhoff, executive vice president, energy John Griffith, executive vice president, ag business and CHS Hedging 17