CHS INC CUM RED PRF 'B' USD25 | 10-K: FY2025 Revenue: USD 35.46 B

Revenue: As of FY2025, the actual value is USD 35.46 B.

EBIT: As of FY2025, the actual value is USD 760.85 M.

Energy Segment

• Revenue: $7.6 billion, primarily from gasoline, diesel fuel, and propane.
• Operational Metrics: The segment experienced a significant decrease in income before income taxes, from $429.1 million in 2024 to -$7.0 million in 2025, due to lower WCS crude oil discounts and crack spreads, decreased refined fuels production volumes, and higher costs for RINs.

Ag Segment

• Revenue: $27.7 billion after elimination of intersegment revenues.
• Operational Metrics: Income before income taxes decreased from $342.7 million in 2024 to $245.7 million in 2025, primarily due to decreased margins for grain and oilseed products and oilseed processing.

Nitrogen Production Segment

• Operational Metrics: Income before income taxes increased slightly from $151.2 million in 2024 to $159.5 million in 2025, due to higher equity income primarily attributed to favorable market conditions associated with urea.

Corporate and Other

• Operational Metrics: Income before income taxes increased from $174.8 million in 2024 to $216.6 million in 2025, largely due to a gain on the sale of a business recognized by the equity investment Ventura Foods.

Outlook

• The company anticipates various macroeconomic factors will continue to drive uncertainty and instability in global energy and agricultural commodity markets, which could have a significant impact on each of its segments during fiscal 2026. Factors include the ongoing war between Russia and Ukraine, shifts in global trade flows for commodities, potential changes in U.S. trade policy, increased or fluctuating tariffs, a changing interest rate environment, and continued pricing pressures impacting costs of labor, freight, and materials.