ANDE

EX-99.1

2 q32026ex-99pressrelease.htm

EX-99.1

Document

Exhibit 99.1

NEWS RELEASE

The Andersons, Inc. Reports Third Quarter Results

MAUMEE, OHIO, November 3, 2026 - The Andersons, Inc. (Nasdaq: ANDE) announces financial results for the third quarter ended September 30, 2026.

Financial Highlights:

•Record third quarter net income attributable to The Andersons of $46 million or $1.36 per diluted share and adjusted net income attributable of $47 million, or $1.38 per diluted share

•Adjusted EBITDA of $101 million

•Renewables reports record third quarter pretax income of $63 million on efficient operations and higher co-product values

•Agribusiness pretax income attributable to The Andersons of $5 million and adjusted pretax income of $9 million on increased market volatility

"Our third quarter results reflect significant year-over-year improvement in both Renewables and Agribusiness," said President and CEO Bill Krueger. "Renewables delivered strong quarterly results from our production assets with operational execution, higher co-product values, and lower eastern corn basis. Ethanol and corn-oil yields improved year-over-year. In the quarter, we recognized $27 million of 45Z tax credits as a result of our low-carbon strategies."

"Agribusiness delivered improvement over last year with the merchandising businesses executing on market opportunities. This resulted from higher commodity prices and increased volatility, primarily from western grain belt weather variability and production uncertainty during the quarter. We expect market dislocations and a solid eastern grain belt harvest to provide opportunities in the fourth quarter and into 2027," added Krueger.

"The completed organic growth projects we have discussed in past quarters are delivering at or above our original estimates. The Port of Houston's soybean meal export project is now operational, and we are actively booking shipments for the remainder of 2026 and into 2027,” continued Krueger. "In Renewables, our ethanol de-bottlenecking project in Clymers, Indiana, remains on track, allowing an additional 30 million gallons to come online in mid-2027. We are pursuing additional opportunities to reduce the carbon intensity at all plants to maximize the value of low-carbon ethanol. Looking ahead, we remain optimistic about the opportunities across our businesses, particularly in the renewable fuels and feedstocks supply chains. Growing worldwide demand for low-carbon fuels and continued progress on our strategic investments will position us to capitalize on evolving market opportunities and create long-term value for our shareholders.”

$ in millions, except per share amounts

Q3 2026Q3 2025Variance

YTD 2026

YTD 2025

Variance

Pretax Income $50.7 $25.8 $24.9 $151.9 $53.9 $98.0

Pretax Income Attributable to the Company1 53.2 19.9 33.3 160.9 34.0 126.9

Adjusted Pretax Income Attributable to the Company1 54.2 31.1 23.1 191.2 49.3 141.9

Agribusiness1 8.8 2.5 6.3 47.0 19.2 27.8

Renewables1 63.0 46.3 16.7 191.0 71.2 119.8

Other1 (17.6)(17.7)0.1 (46.7)(41.1)(5.6)

Net Income Attributable to the Company 46.4 20.1 26.3 136.2 28.3 107.9

Adjusted Net Income Attributable to the Company1 47.2 28.5 18.7 158.9 40.9 118.0

Diluted Earnings Per Share (EPS) 1.36 0.59 0.77 3.97 0.82 3.15

Adjusted EPS1 1.38 0.84 0.54 4.63 1.19 3.44

EBITDA1

100.4 69.0 31.4 302.8 189.0 113.8

Adjusted EBITDA1 $101.4 $78.3 $23.1 $333.1 $200.7 $132.4

1 Non-GAAP financial measures; see appendix for explanations and reconciliations.

Cash, Liquidity, and Long-Term Debt Management

"Our strong earnings performance and cash flow generation enable us to continue investing in growth opportunities across the company," said Executive Vice President and CFO Brian Valentine. "Our long-term debt to EBITDA remains well below our target of less than 2.5 times, and we believe our balance sheet provides the flexibility to support our growth strategy. We are also pleased to announce a recent agreement to sell the majority of the 2026 45Z tax credits that we are generating, with most of the cash expected to be received later this year."

Cash used in operating activities for the third quarter of 2026 was $124 million compared with cash provided of $234 million in 2025. Cash from operations before working capital changes in the third quarter of 2026 and 2025, respectively, was $83 million and $68 million, respectively. Cash spent on capital projects in the third quarter of 2026 totaled $60 million, compared to $67 million in 2025, which represents both growth investments and capital incurred to maintain existing operations.

Third Quarter Segment Overview

Agribusiness Reports Improved Third Quarter on Merchandising Activities

Agribusiness recorded pretax income of $5 million and adjusted pretax income attributable to the company of $9 million for the quarter, compared to pretax income of $1 million and adjusted pretax income attributable to the company of $2 million in the third quarter of 20

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EX-99.1

2 q12026ex-99pressrelease.htm

EX-99.1

Document

Exhibit 99.1

NEWS RELEASE

The Andersons, Inc. Reports First Quarter Results

MAUMEE, OHIO, May 5, 2026 - The Andersons, Inc. (Nasdaq: ANDE) announces financial results for the first quarter ended March 31, 2026.

Financial Highlights:

•Reported record first quarter net income attributable to The Andersons of $33 million or $0.97 per diluted share and adjusted net income attributable of $38 million, or $1.12 per diluted share

•Adjusted EBITDA of $91 million

•Renewables first quarter pretax income was $40 million on record production, strong merchandising, and biofuels policy benefits

•Agribusiness recorded pretax income of $7 million and adjusted pretax income attributable to The Andersons of $18 million on resilient merchandising and improving conditions

"Our record first quarter includes outstanding results in Renewables and year-over-year improvement in Agribusiness. Ethanol margins were solid during the quarter on increased demand and higher gasoline prices. Our renewable feedstock business had a strong quarter as values and volumes improved following the finalization of the Required Volume Obligations (RVO). Our plants set another quarterly record for production, and we were able to qualify for a higher tier of 45Z tax credits. Fundamentals for this business remain positive,” said President and CEO Bill Krueger. "In Agribusiness, with the return of some market volatility, our merchandising businesses had a solid quarter. Results from our premium ingredients business more than doubled the prior year, as we are focused on serving our key CPG customers. Our fertilizer business also improved, as we strategically positioned product in anticipation of spring planting.”

"We continue to evaluate capital deployment to drive growth and expansion of our existing assets, make our operations more efficient, while analyzing potential acquisitions. We are on track to complete several capital investments during 2026, including the addition of soybean meal export capacity at Port Houston, the replacement and modernization of grain storage at our Toledo port assets, and several corn and wheat cleaning projects within our current asset footprint. Our Clymers, Indiana ethanol debottlenecking project, announced in December of last year, is in the early stages and progressing as planned. We expect the project to increase the plant's annual production capacity to approximately 170 million gallons upon completion. We are evaluating additional ethanol, premium ingredients, and other projects to drive further profitable growth as we remain focused on achieving the $7.00 run-rate EPS target exiting 2028, as announced in December at our Investor Day," continued Krueger.

$ in millions, except per share amounts

YTD 2026

YTD 2025

Variance

Pretax Income $33.9 $3.2 $30.7

Pretax Income (loss) Attributable to the Company1 37.7 (1.8)39.5

Adjusted Pretax Income Attributable to the Company1 44.4 3.2 41.2

Agribusiness1 17.9 (0.1)18.0

Renewables39.6 15.3 24.3

Other1 (13.1)(12.0)(1.1)

Net Income Attributable to the Company 33.2 0.3 32.9

Adjusted Net Income Attributable to the Company1 38.2 4.1 34.1

Diluted Earnings Per Share ("EPS") 0.97 0.01 0.96

Adjusted EPS1 1.12 0.12 1.00

EBITDA1

84.8 50.6 34.2

Adjusted EBITDA1 $91.5 $57.3 $34.2

1 Non-GAAP financial measures; see appendix for explanations and reconciliations.

Cash, Liquidity, and Long-Term Debt Management

"Our businesses generated improved cash flows on strong earnings this quarter. We expect to continue to fund many of our growth projects internally and our debt remains at a modest level," said Executive Vice President and CFO Brian Valentine. "We remain below our long-term debt to EBITDA target of less than 2.5 times and continue to be pleased with the strength of our balance sheet."

Cash used in operating activities was $394 million and $350 million in the first quarter of 2026 and 2025, respectively. Cash from operations before working capital changes in the same periods was $68 million and $57 million, respectively. Cash spent on capital projects in the quarter totaled $52 million, as we continue to invest in our facilities and fund growth.

First Quarter Segment Overview

Agribusiness Posts Improved First Quarter on Earnings Resilience

Agribusiness recorded pretax income of $7 million and adjusted pretax income attributable to the company of $18 million for the quarter, compared to a pretax loss of $10 million and break even adjusted pretax income in the first quarter of 2025.

Our diversified portfolio showed the resilience of our earnings as we saw more volatility return to the market this quarter. As prices rallied during the quarter, more old crop bushels came to market, which provided opportunities for our merchandising businesses. Our grain asset footprint saw less basis appreciation than expected as the price rally put pressure on basis values. Fertilizer results improved on higher margins.