CHS Q2 net income rises 33% to $292.3M on strong energy margins

CHS INC

Net income $292.3M vs $219.0M YoY; revenues $11.3B (+9% YoY).
Energy segment pretax earnings $264.8M, up from $10.8M on higher refining margins.
Ag segment pretax loss $81.6M vs profit $55.2M on lower agronomy and ethanol prices.
First-half net income $1.07B vs $671M; revenues $24.1B vs $21.2B.
CF Nitrogen equity income fell to $81.7M from $154.3M on lower urea/UAN prices.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.98

CHS INC reported second quarter ended February 28, 2023 results: revenue $11.3 billion, net income $292.3 million.

Period: second quarter ended February 28, 2023
Revenue: $11.3 billion
Net income: $292.3 million
Result: reported results

Exact text from the filing

to net income of $671.0 million and revenues of $21.2 billion recorded in the first half of fiscal year 2022. Fiscal 2023 second quarter highlights include: • Revenues of $11.3 billion compared to $10.3 billion in the second quarter of fiscal year 2022, a year-over-year increase of 9%. • Strong refining margins and market conditions in our refined fuels

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Source: SEC EDGAR

accession 0000823277-23-000025

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