earnings
confidence high
sentiment negative
materiality 0.80
CHS reports FY2024 net income $1.1B, down 42% YoY; revenue $39.3B
CHS INC
- Net income attributable to CHS Inc. of $1.10B vs $1.90B in FY2023; revenue $39.3B down from $45.6B.
- Energy segment pretax earnings $429.1M, a $646.4M decrease from $1,075.4M on lower refining margins.
- Ag segment pretax earnings $342.7M, down $69.1M from $411.8M on weaker oilseed crush margins.
- Nitrogen Production equity income $151.2M vs $260.8M due to lower global urea/UAN prices.
- Company intends to return $600M cash to owners in FY2025 via patronage and equity redemptions.