Quarterly ResultAug 12, 2026, 02:41 PM
South Dakota Soybean Processors H1 Net Income $19.47M
AI Summary
South Dakota Soybean Processors reported a significant increase in net income for the first half of 2026, reaching $19.47 million, up from $3.40 million in the prior year. This growth was primarily driven by stronger processing margins and a 141.7% increase in revenue to $552.45 million, largely due to the new Mitchell facility doubling processing capacity. Despite some losses at a subsidiary and higher interest expenses, the company expects a constructive processing margin environment to continue.
Key Highlights
- Net income for H1 2026 rose to $19.47 million from $3.40 million in H1 2025.
- Revenue for H1 2026 increased 141.7% to $552.45 million from $228.55 million in H1 2025.
- Q2 2026 net income was $23.72 million, a significant improvement from a $0.97 million loss in Q2 2025.
- Q2 2026 revenue grew 195.5% to $326.92 million from $110.64 million in Q2 2025.
- Gross profit for H1 2026 increased to $30.86 million from $6.18 million in H1 2025.
- The Mitchell facility, operational in Q4 2025, doubled total processing capacity.
- Interest expense for H1 2026 increased to $12.71 million from $2.38 million in H1 2025.
- A cash distribution of $8.5 million ($0.28 per unit) was paid to members in February 2026.
Price Impact
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