The Andersons, Inc. Reports Third Quarter Results

Bill Krueger, President and CEO of The Andersons, Inc.

“Our third quarter results reflect significant year-over-year improvement in both Renewables and Agribusiness,”

Bill Krueger, President and CEO of The Andersons, Inc.

“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.”

Bill Krueger, President and CEO of The Andersons, Inc.

“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,”

Bill Krueger, President and CEO of The Andersons, Inc.

“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,”

Bill Krueger, President and CEO of The Andersons, Inc.

“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.”

Brian Valentine, Executive Vice President and CFO of The Andersons, Inc.

“Our strong earnings performance and cash flow generation enable us to continue investing in growth opportunities across the company,”

Brian Valentine, Executive Vice President and CFO of The Andersons, Inc.

“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.”