SOUTH DAKOTA SOYBEAN PROCESSORS LLC

South Dakota Soybean Processors reported a net loss of $4.3 million for Q1 2026, a significant decrease from a net income of $4.4 million in Q1 2025. This was primarily due to temporary regulatory delays impacting the renewable fuels market, non-cash mark-to-market losses, and startup inefficiencies at its new Mitchell facility. Despite the loss, revenue surged by 91.3% to $225.5 million, driven by the doubling of processing capacity from the Mitchell facility. The company anticipates a strong recovery in financial performance for the remainder of 2026, expecting increased demand for soybean oil and meal.

South Dakota Soybean Processors, LLC entered into an Amended and Restated Revolving Credit Promissory Note with CoBank, ACB on April 9, 2026. This agreement increases the principal available under the company's seasonal loan from $20 million to $30 million. The increased credit facility provides the company with greater financial flexibility for its operations.