CHS Inc. Reports $35.5 Billion Revenue and $597.9 Million Net Income for Fiscal Year 2025

CHS Inc. reported total revenues of $35.5 billion and net income attributable to CHS of $597.9 million for the fiscal year ended August 31, 2025. This compares to the previous fiscal year's revenues of $39.3 billion and net income of $1.1 billion, indicating a decrease in both revenue and profitability. The company's operations are divided into three reportable segments: Energy, Ag, and Nitrogen Production, along with a Corporate and Other category. As a cooperative, CHS allocates earnings from cooperative business to its members through patronage refunds, which may be in cash or patrons' equities.

The Energy segment experienced a revenue decrease to $7.6 billion in fiscal 2025 from $8.8 billion in fiscal 2024, primarily due to decreased selling prices for refined fuels driven by global market conditions. This segment's profitability was also significantly impacted by lower Western Canadian Select (WCS) crude oil discounts and crack spreads. However, the decrease was partially offset by a $90 million benefit from the small refinery exemption granted by the EPA. The Ag segment's revenue also declined to $27.7 billion from $30.4 billion, mainly due to decreased selling prices across most product categories, although increased volumes in wholesale and retail agronomy products and grain and oilseed partially offset this decline.

Strategic developments included the acquisition of West Central Ag Services (WCAS), a cooperative based in Ulen, Minnesota, expanding CHS's grain and agronomy platforms in west-central Minnesota and eastern North Dakota. The cash purchase price was $322.6 million, which included $108.0 million for working capital. The company also announced a mutual agreement with MKC to start the process of ending their joint venture in Producer Ag.

CHS's employee population as of August 31, 2025, consisted of 10,683 full-time, part-time, temporary, and seasonal employees, primarily in the United States. The company is committed to investing in its employees through learning and development programs, health and safety initiatives, and community involvement. The Occupational Safety and Health Administration (OSHA) incident rate was 2.7 incidents per 100 full-time workers, an 8% reduction compared to the three-year average. Looking ahead, CHS anticipates continued uncertainty and instability in global energy and agricultural commodity markets in fiscal 2026, which could significantly impact each of its segments. The company expects global supply and demand factors impacting energy and agricultural commodities to be unfavorable in fiscal 2026 and expects the trend of reduced margins for energy and agricultural commodities to persist.