earnings
confidence high
sentiment negative
materiality 0.80
CHS Q1 net income falls 53% YoY to $244.8M; Energy segment earnings plunge $247M
CHS INC
- Revenue $9.3B vs $11.4B YoY; net income $244.8M vs $522.9M.
- Energy segment pretax earnings $19.8M, down from $266.8M on compressed refining margins.
- Ag segment pretax earnings $166.7M, slightly down from $169.7M on softer oilseed crush margins.
- Nitrogen Production pretax $25.2M vs $36.5M due to lower urea prices; Corporate & Other up $3.3M to $47.2M.
- CEO cites weaker farm economy and globally competitive grain/oilseed marketplace.