---
schema_version: "secwatch.filing_event.v1"
accession: "0000823277-23-000007"
form_type: "8-K"
ticker: "CHSCP"
cik: "0000823277"
company_name: "CHS INC"
filed_at: "2023-01-11T23:59:59+00:00"
generated_at: "2026-06-20T16:46:06.463210+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0000823277-23-000007
- form_type: 8-K
- ticker: CHSCP
- cik: 0000823277
- company_name: CHS INC
- filed_at: 2023-01-11T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/823277/000082327723000007/0000823277-23-000007-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/823277/000082327723000007/chscp-20230111.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000823277-23-000007
- JSON: https://secwatch.observer/filing/0000823277-23-000007.json
- Plain text: https://secwatch.observer/filing/0000823277-23-000007.txt

## Key facts
- Earnings Releases
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/823277/000082327723000007/0000823277-23-000007-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.