Sugar and ethanol producer Adecoagro's Q2 adj EBITDA hits record

Adecoagro

11/08/2026 21:47

Overview
Farming firm reported record Q2 adjusted EBITDA
Fertilizers segment adjusted EBITDA more than doubled yr/yr, driven by higher urea production and prices

Outlook
Adecoagro expects strong 2026 Adjusted EBITDA in Fertilizers, exceeding prior years
Company expects low-double-digit growth in 2026 crushing volume versus 2025, assuming normal weather

Result Drivers
UREA PRODUCTION & PRICES - Fertilizers segment benefited from higher urea production and stronger urea prices
ETHANOL MAXIMIZATION - Co maximized ethanol production to capture better margins in Sugar, Ethanol & Energy segment
CANE AVAILABILITY - Higher cane availability supported increased crushing volumes in Sugar, Ethanol & Energy segment

Company press release: ID:nPn3zYzv7a

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Adjusted EBITDA
Miss
$172.50 mln
$233.17 mln (2 Analysts)

Analyst Coverage
The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 2 "strong buy" or "buy", 4 "hold" and 1 "sell" or "strong sell"
The average consensus recommendation for the food processing peer group is "buy."
Wall Street's median 12-month price target for Adecoagro S.A. is $14.55, about 50.6% above its August 10 closing price of $9.66
The stock recently traded at 7 times the next 12-month earnings vs. a P/E of 11 three months ago

Reuters Recommended Reads
Aug 10 - India considers curbing use of cane for ethanol to tame record-high sugar market

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)