CHS FY 2026: Revenue $39.2B, Net income $1.1B — 10-K Summary

What happened

CHS Inc. reported fiscal 2026 revenue of $39.2 billion, up 10.6% from the prior year, and net income attributable to CHS Inc. of $1.1 billion, up 83.3%. Stronger Energy and Grains results supported the gains; the company also outlined planned fiscal 2027 investments.

Confirmed

Global impact / market context

Higher refining and grain-related results lifted revenue and earnings, while higher crop nutrient prices helped offset weaker Agronomy sales volumes. If those gains persist, they could support more cash available for planned facilities and development; higher RIN costs and market volatility could instead pressure profit per sale.

Analyst inference

Performance was mixed across CHS’s businesses: refining output and margins, grain throughput, exports, and oilseed-crush and ethanol margins strengthened, while Laurel maintenance reduced output and farmers delayed some purchases. This means earnings depend on several changing operating conditions, not revenue growth alone.

Analyst inference

What to watch

1. Track whether stronger refining margins and higher refinery output continue, and whether Laurel maintenance or rising RIN costs weigh on Energy results and profit per sale. Analyst inference
2. Watch grain throughput, exports, and oilseed-crush and ethanol margins; weaker performance in these areas could reduce the support they provided to Grains results. Analyst inference
3. Follow the planned Evansville soybean facility and phosphate-project development for fiscal 2027, alongside crop nutrient prices and delayed U.S. farmer purchases. Confirmed

Evidence

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