Quarterly ResultMay 5, 2026, 04:39 PM
Andersons Q1 Net Income $33M, EPS $0.97; Renewables Pretax Income $40M
AI Summary
The Andersons, Inc. reported record first quarter 2026 financial results, with net income attributable to the company reaching $33 million, or $0.97 per diluted share, significantly up from $0.3 million and $0.01 per diluted share in Q1 2025. Adjusted EBITDA increased to $91 million from $57.3 million year-over-year. The Renewables segment posted strong results with $40 million in pretax income, driven by record production and biofuels policy benefits, while Agribusiness improved to $7 million in pretax income. The company is on track with capital investments and remains focused on its $7.00 run-rate EPS target by 2028.
Key Highlights
- Net income attributable to The Andersons was $33 million, up from $0.3 million in Q1 2025.
- Diluted earnings per share (EPS) reached $0.97, compared to $0.01 in Q1 2025.
- Adjusted EBITDA increased to $91 million from $57.3 million in the prior year.
- Renewables segment pretax income was $40 million, up from $15.3 million in Q1 2025.
- Agribusiness segment pretax income was $7 million, improving from a $10 million loss in Q1 2025.
- First quarter results include $26 million of 45Z producer tax credits for Renewables.
- Cash used in operating activities was $394 million, compared to $350 million in Q1 2025.
- The company spent $52 million on capital projects during the quarter.