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Nov. 4, 2026 Source: The Andersons news release MAUMEE, Ohio -- The Andersons, Inc. (Nasdaq: ANDE) announces financial results for the third quarter ended September 30, 2026. Financial Highlights: *Record third quarter net income attributable to The Andersons of $46 million or $1.36 per diluted share and adjusted net income attributable of $47 million, or $1.38 per diluted share *Adjusted EBITDA of $101 million *Renewables reports record third quarter pretax income of $63 million on efficient operations and higher co-product values *Agribusiness pretax income attributable to The Andersons of $5 million and adjusted pretax income of $9 million on increased market volatility "Our third quarter results reflect significant year-over-year improvement in both Renewables and Agribusiness," said President and CEO Bill Krueger. "Renewables delivered strong quarterly results from our production assets with operational execution, higher co-product values, and lower eastern corn basis. Ethanol and corn-oil yields improved year-over-year. In the quarter, we recognized $27 million of 45Z tax credits as a result of our low-carbon strategies." "Agribusiness delivered improvement over last year with the merchandising businesses executing on market opportunities. This resulted from higher commodity prices and increased volatility, primarily from western grain belt weather variability and production uncertainty during the quarter. We expect market dislocations and a solid eastern grain belt harvest to provide opportunities in the fourth quarter and into 2027," added Krueger. "The completed organic growth projects we have discussed in past quarters are delivering at or above our original estimates. The Port of Houston's soybean meal export project is now operational, and we are actively booking shipments for the remainder of 2026 and into 2027," continued Krueger. "In Renewables, our ethanol de-bottlenecking project in Clymers, Indiana, remains on track, allowing an additional 30 million gallons to come online in mid-2027. We are pursuing additional opportunities to reduce the carbon intensity at all plants to maximize the value of low-carbon ethanol. Looking ahead, we remain optimistic about the opportunities across our businesses, particularly in the renewable fuels and feedstocks supply chains. Growing worldwide demand for low-carbon fuels and continued progress on our strategic investments will position us to capitalize on evolving market opportunities and create long-term value for our shareholders." To read the entire report click here. Tweet |
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