CHS posts record FY2023 net income of $1.9B, revenues $45.6B

CHS INC

Net income of $1.9B vs $1.7B in FY2022, a record; revenues $45.6B (down from $47.8B).
Energy segment pretax earnings $1.1B (+$458.9M) driven by higher refining margins.
Ag segment pretax earnings $411.8M (-$245.8M) due to lower agronomy margins and mark-to-market losses.
Company intends to return $730M cash to member cooperatives and farmer-owners in FY2024.
Nitrogen Production pretax earnings $260.8M (-$217.2M) on lower urea/UAN prices.

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 0.98

CHS INC reported fiscal year ended Aug. 31, 2023 results: revenue $45.6 billion, net income $1.9 billion.

Period: fiscal year ended Aug. 31, 2023
Revenue: $45.6 billion
Net income: $1.9 billion
Result: reported results

Exact text from the filing

for the fiscal year ended Aug. 31, 2023, compared to $1.7 billion for fiscal year 2022. Key drivers for fiscal year 2023 financial results include: • Consolidated revenues of $45.6 billion for fiscal year 2023 compared to $47.8 billion for fiscal year 2022. • Our Energy segment delivered strong earnings, reflecting continued favorable market conditions in our

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Source: SEC EDGAR

accession 0000823277-23-000054

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