CHS Q2 net income falls 42% to $170.3M; revenue down 19% to $9.1B

CHS INC

Net income $170.3M (down 42% YoY); revenue $9.1B (down 19% YoY).
Energy pretax earnings $51.6M, down from $264.8M, due to lower refining margins and warm weather.
Ag pretax earnings $56.9M, up from -$81.6M, driven by stronger agronomy and grain margins.
Nitrogen Production pretax earnings $37.0M, down from $81.7M, on lower CF Nitrogen equity income.
H1 FY2024 net income $693.2M vs $1.075B in record prior year.

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 0.88

CHS INC reported financial results for its quarter ended February 29, 2024.

Period: its quarter ended February 29, 2024
Result: reported results

Exact text from the filing

On April 3, 2024, CHS Inc. issued a press release announcing its results of operations for its quarter ended February 29, 2024. A copy of the press release is attached hereto as Exhibit 99.1 and is incorporated herein by reference.

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Source: SEC EDGAR

accession 0000823277-24-000020

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