Quarterly ResultAug 11, 2026, 02:36 PM
Golden Growers Q2 Net Income $1.48M; Liquidation Plan Progresses
AI Summary
Golden Growers Cooperative reported Q2 2026 net income of $1.48 million, a slight decrease from $1.49 million in the prior year. Six-month net income was $2.90 million, down from $3.09 million in the same period last year, primarily due to a 10% decrease in corn revenue and a 4% decrease in income from ProGold LLC. The cooperative continues to progress with its Plan of Liquidation and Dissolution, approved by members in March 2025, which includes the sale of its 50% interest in ProGold LLC to Cargill after the facility lease expires in December 2026. Cash and working capital saw significant declines.
Key Highlights
- Net income for Q2 2026 was $1.48 million, compared to $1.49 million in Q2 2025.
- Six-month net income for 2026 was $2.90 million, down from $3.09 million in 2025.
- Corn revenue for the six months ended June 30, 2026, decreased 10% to $32.77 million.
- Income from ProGold LLC for the six months ended June 30, 2026, decreased 4% to $3.23 million.
- Cash and cash equivalents decreased to $95 thousand at June 30, 2026, from $1.197 million at December 31, 2025.
- Working capital decreased to $2.43 million at June 30, 2026, from $5.74 million at June 30, 2025.
- Members approved a Plan of Liquidation and Dissolution in March 2025, with a Notice of Intent to Dissolve filed.
Price Impact
More from GGROU