Adecoagro Posts Record $172.5M EBITDA in Q2 on Fertilizer Boom, Ethanol Strategy
AGRO sits 36% above its 52-week low of $6.89.
Summary
Adecoagro delivered record Adjusted EBITDA of $172.5 million in Q2 2026, driven by a 109.7% surge in Fertilizers segment EBITDA to $121.2 million on higher urea production and prices. Sugar, Ethanol & Energy EBITDA fell 21.8% to $53.2 million as the company prioritized ethanol production and inventory build over sugar sales, betting on better future prices. Sales reached $534.7 million and adjusted EPS was 20 cents. Leverage improved to 3.0x Net Debt/LTM EBITDA from 3.2x last quarter, with management guiding for continued deleveraging. The Caarapó mill acquisition announced in July adds 3.5 million tons of annual crushing capacity, complementing the strong operational momentum. Urea prices have since retreated to ~$480/ton from an April peak of ~$800, but the company expects full-year 2026 Adjusted EBITDA to exceed prior years. With 41% of ethanol output stored and 75% of sugar hedged, Adecoagro is positioned to capture upside in both key markets.
At the time of this announcement, AGRO was trading at $9.39 on NYSE in the Trade & Services sector, with a market capitalization of approximately $1.4B. The 52-week trading range was $6.89 to $15.89. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: PR Newswire.