The record earnings and strong cash generation suggest sustained momentum. Watch for further 45Z credit realization and potential volatility in commodity markets. The upcoming May 6 conference call may provide updated full-year guidance.
Price Chart
Executive Summary
The Andersons reported a record first quarter with net income of $33.2M ($0.97 EPS) versus $0.3M ($0.01 EPS) a year ago, driven by Renewables segment record production and $26M in 45Z tax credits. Adjusted EBITDA rose 60% to $91.5M, while revenue edged down 1.2% to $2.63B. The strong operational performance and supportive biofuels policy backdrop underpin a bullish outlook.
Key Financial Metrics
Key Facts
- Q1 2026 diluted EPS of $0.97 vs $0.01 in Q1 2025
- Record first-quarter net income attributable to company of $33.2M
- Adjusted EBITDA of $91.5M, up 60% from $57.3M in prior year
- Renewables segment pretax income of $39.6M, up 59% YoY
- Revenue declined 1.2% to $2.63B due to lower sales volumes in Agribusiness
- Cash from operations before working capital changes improved to $68.1M from $57.0M
- Company targeting $7.00 run-rate EPS exiting 2028
Financial Impact
Net income increased $32.9M year-over-year; Adjusted EBITDA up $34.2M
Risk Factors
- Lower corn harvest or ethanol margin compression could pressure Renewables
- Continued over-supply in grain markets may limit Agribusiness margins
- Weather or policy changes could impact 45Z tax credit benefits
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0000821026-26-000067 |
| Document: ande-20260505.htm | 0000821026-26-000067 |
| Document: 0000821026-26-000067-index-headers.html | 0000821026-26-000067 |
| Document: 0000821026-26-000067-index.html | 0000821026-26-000067 |
| Document: 0000821026-26-000067.txt | 0000821026-26-000067 |
| 8-K Data (Synthetic) | 0000821026-26-000067 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Aug 3, 2026 8w ago | 8-K | $74.48 $67.26 | ▼ −9.69% | ▼ −8.46% | $67.72 (−9.08%) |
Aug 3, 2026 8w ago | Press Release | $74.48 $67.26 | ▼ −9.69% | ▼ −8.46% | $67.72 (−9.08%) |
Jun 18, 2026 15w ago | 8-K | $71.22 $76.20 | ▲ +6.99% | ▲ +6.46% | $67.72 (−4.91%) |
May 5, 2026 21w ago | 8-K | $68.23 $72.91 | ▲ +6.86% | ▲ +4.08% | $67.72 (−0.75%) |
Mar 17, 2026 28w ago | Insider Cluster | $69.75 $70.63 | ▲ +1.27% | ▼ −3.03% | $67.72 (−2.90%) |
Mar 12, 2026 29w ago | Insider Cluster | $71.04 $74.52 | ▲ +4.90% | ▲ +2.92% | $67.72 (−4.68%) |
Mar 12, 2026 29w ago | Insider Cluster | $71.04 $74.52 | ▲ +4.90% | ▲ +2.92% | $67.72 (−4.68%) |
Mar 11, 2026 29w ago | DEFA14A | $67.60 $74.22 | ▲ +9.79% | ▲ +9.27% | $67.72 (+0.18%) |
US Market Status
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