Andersons Q2 Earnings Surge on Record Renewables Performance
ANDE has more than doubled off its 52-week low of $31.84 on light trading volume (0.4× avg).
Summary
Andersons, Inc. reported Q2 2026 net income of $57 million ($1.65 per diluted share), a massive increase from $7.9 million a year ago, driven by record Renewables performance and $24 million in 45Z tax credits.
Key Events · Earnings and Guidance · ANDE
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Record Renewables Quarter
The Renewables segment delivered record Q2 pretax income of $65 million and adjusted pretax income of $88 million, driven by strong ethanol production, favorable crush margins, and $24 million in 45Z tax credits.
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Earnings Surge
Net income attributable to Andersons reached $57 million ($1.65 diluted EPS) compared to $7.9 million ($0.23) in Q2 2025, with adjusted EPS of $2.15.
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Strong Cash Generation
Cash provided by operating activities was $488 million in Q2 2026, up from $299 million in the prior-year quarter, supporting growth investments and a healthy balance sheet.
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Agribusiness Improvement
Agribusiness pretax income attributable to the company was $20 million, up modestly from $17 million a year ago, led by better fertilizer margins.
Analysis · ANDE · Trade & Services
A dramatic year-over-year earnings increase saw net income jump to $57 million from $7.9 million. The Renewables segment was the standout, posting record second-quarter pretax income of $65 million and adjusted pretax income of $88 million, fueled by strong ethanol production, favorable crush margins, and $24 million in 45Z tax credits. Agribusiness also improved modestly. These results significantly exceed the prior-year quarter and demonstrate the company's ability to capitalize on supportive renewable fuel markets. With adjusted EBITDA of $140 million and strong cash generation, the balance sheet remains healthy, supporting ongoing growth investments.
At the time of this filing, ANDE was trading at $76.10 on NASDAQ in the Trade & Services sector, with a market capitalization of approximately $2.6B. The 52-week trading range was $31.84 to $82.11. This filing was assessed with positive market sentiment and an importance score of 7 out of 10.