Andersons Q3 results beat estimates on renewables strength, agribusiness improvement

Andersons

03/11/2026 21:16

Overview
US agriculture and renewable fuels firm's Q3 adjusted EPS beat analyst expectations
Q3 adjusted net income beat analyst expectations
Q3 adjusted EBITDA beat analyst expectations

Outlook
Company expects market dislocations and eastern grain harvest to create Q4 and 2027 opportunities
Andersons expects Clymers, Indiana ethanol expansion to add 30 mln gallons in mid-2027
Company anticipates full-year adjusted effective tax rate of 14% to 18%

Result Drivers
RENEWABLES PERFORMANCE - Co said efficient plant operations, higher co-product values, improved ethanol and corn-oil yields, and $27 mln in 45Z tax credits drove Renewables segment results
MERCHANDISING & VOLATILITY - Co said Agribusiness improvement was driven by merchandising activities, higher commodity prices and increased market volatility due to weather and production uncertainty

Company press release: ID:nPn8ySjLKa

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Sales and Merchandising Revenues
 
$2.83 bln
 
Q3 Adjusted EPS
Beat
$1.38
$1.13 (4 Analysts)
Q3 EPS
 
$1.36
 
Q3 Adjusted Net Income
Beat
$47.20 mln
$38.71 mln (4 Analysts)
Q3 Net Income Attributable to the Company
 
$46.40 mln
 
Q3 Adjusted EBITDA
Beat
$101.40 mln
$92.18 mln (4 Analysts)

Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 4 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"
The average consensus recommendation for the fishing & farming peer group is "buy"
Wall Street's median 12-month price target for Andersons Inc is $90.00, about 40.7% above its November 2 closing price of $63.97
The stock recently traded at 10 times the next 12-month earnings vs. a P/E of 12 three months ago

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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.)