CHS Q1 net income surges 73% to $782.6M on strong energy and ag demand

CHS INC

Revenue $12.8B, up 17% YoY from $10.9B; net income $782.6M vs $452.0M.
Energy pretax earnings $396.6M, up from $69.2M, driven by higher refining margins.
Ag pretax earnings $287.3M (flat YoY) as strong oilseed demand offset lower grain margins.
Nitrogen Production pretax $96.9M, supported by robust urea and UAN demand.
CEO cites strong global commodity demand and investments in infrastructure.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

CHS INC reported first quarter ended Nov. 30, 2022 results: revenue $12.8 billion, net income $782.6 million.

Period: first quarter ended Nov. 30, 2022
Revenue: $12.8 billion
Net income: $782.6 million
Result: reported results

Exact text from the filing

reported quarterly net income of $782.6 million compared to $452.0 million in the first quarter of fiscal year 2022. Fiscal 2023 first quarter highlights include: • Revenues of $12.8 billion compared to $10.9 billion in the first quarter of fiscal year 2022, a year-over-year increase of 17%. • Continued robust global demand for commodities, coupled with market

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Source: SEC EDGAR

accession 0000823277-23-000007

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