CHS Q3 net income $547.5M, down 5% from record year-ago; nine-month net income up 30% to $1.6B

CHS INC

Net income of $547.5M for Q3 FY2023, compared to $576.6M in Q3 FY2022.
Nine-month net income rose 30% to $1.6B, with revenues of $36.1B (FY2022: $34.4B).
Energy segment pretax earnings $199M (+$35.8M) on strong refining margins; Ag pretax $233.5M (-$40.2M) on agronomy price decreases.
Nitrogen Production pretax $56.3M (-$121.9M) on lower urea/UAN market prices; Corporate & Other $69.3M (+$45.8M) on Ventura Foods and interest income.
CEO Jay Debertin cited strong consumer demand for energy and oilseed products; no guidance update provided.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

CHS INC reported its third quarter ended May 31, 2023 results: net income $547.5 million.

Period: its third quarter ended May 31, 2023
Net income: $547.5 million
Result: reported results

Exact text from the filing

CHS Inc., the nation's leading agribusiness cooperative, today released results for its third quarter ended May 31, 2023. The company reported quarterly net income of $547.5 million compared to a record third quarter net income of $576.6 million in fiscal year 2022.

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Source: SEC EDGAR

accession 0000823277-23-000038

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