Earnings Releases·Nov 3, 2026, 4:17 PM ET

The Andersons, Inc. — Third Quarter 2026 Earnings Summary

Net income attributable to The Andersons surged to $46 million ($1.36 diluted EPS) in Q3 2026 from $20.1 million ($0.59 diluted EPS) in Q3 2025, while adjusted net income rose to $47 million ($1.38 diluted EPS) from $28.5 million ($0.84 diluted EPS), driven by record Renewables pretax income of $63 million.
Sales and merchandising revenues increased to $2.83 billion in Q3 2026 compared to $2.68 billion in Q3 2025, though cash used in operating activities shifted to $124 million from $234 million provided in the prior year quarter.
Management anticipates opportunities in Q4 2026 and 2027 driven by market dislocations and a solid eastern grain belt harvest, with the Port of Houston soybean meal project operational and the Clymers, Indiana ethanol de-bottlenecking project on track for mid-2027 capacity expansion.
The company recorded $27 million in 45Z tax credits, announced an agreement to sell the majority of its 2026 credits, and executed $19.1 million in common stock repurchases and $20.4 million in dividends over the nine months ended September 30, 2026.