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Jan. 10, 2025 Source: CHS news release CHS Inc., the nation's leading agribusiness cooperative, today released results for its first quarter of fiscal year 2025. The company reported net income of $244.8 million and revenues of $9.3 billion for the quarter that ended Nov. 30, 2024, compared to net income of $522.9 million and revenues of $11.4 billion in the first quarter of fiscal year 2024. Key highlights for first quarter fiscal year 2025 financial results: • Decreased selling prices for grains, oilseeds and refined fuels led to lower revenues. • Despite strong sales volumes, Energy segment earnings declined due to evolving market conditions negatively impacting refining margins. • Ag segment earnings were moderately lower due to softening oilseed crush margins compared to historically high margins in the first quarter of the prior fiscal year. • Equity method investments continued to perform well, with the CF Nitrogen investment being the largest contributor. "The energy industry is experiencing compressed refinery margins at the same time that U.S. agriculture is seeing a weaker farm economy with a globally competitive marketplace for grains and oilseeds," said Jay Debertin, president and CEO of CHS Inc. "Just as we have for nearly 100 years, CHS is leveraging our efficient global supply chain, strong relationships and expertise to navigate these changing markets, while strategically investing to meet our owners' future needs." To view the complete report, click here. Tweet |
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