| Schedule of Segment Information |
Segment information for the three and nine months ended May 31, 2026 and 2025, is presented in the tables below. | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Energy | | Grains | | Agronomy | | Total Reportable Segments | | Corporate and Services | | Reconciling Amounts | | Total | | | | Three Months Ended May 31, 2026 | (Dollars in thousands) | | | | Revenues, including intersegment revenues | $ | 3,324,889 | | | $ | 5,663,682 | | | $ | 2,566,572 | | | $ | 11,555,143 | | | $ | 90,965 | | | $ | (64,019) | | | $ | 11,582,089 | | | | | Intersegment revenues | (16,910) | | | (3,063) | | | (308) | | | (20,281) | | | (43,738) | | | 64,019 | | | — | | | | Revenues, net of intersegment revenues | $ | 3,307,979 | | | $ | 5,660,619 | | | $ | 2,566,264 | | | $ | 11,534,862 | | | $ | 47,227 | | | $ | — | | | $ | 11,582,089 | | | | | Cost of goods sold (a) | 3,203,359 | | | 5,612,504 | | | 2,334,384 | | | 11,150,247 | | | 21,222 | | | — | | | 11,171,469 | | | | | Marketing, general and administrative expenses | 94,766 | | | 99,727 | | | 83,242 | | | 277,735 | | | 24,548 | | | — | | | 302,283 | | | | | Interest expense | (111) | | | 20,736 | | | 29,785 | | | 50,410 | | | 8,796 | | | (9,481) | | | 49,725 | | | | | Other losses (income) | 51 | | | (23,890) | | | (4,376) | | | (28,215) | | | (3,041) | | | 9,481 | | | (21,775) | | | | | Equity income from investments | (185) | | | (14,894) | | | (151,815) | | | (166,894) | | | (34,932) | | | — | | | (201,826) | | | | | Income (loss) before income taxes | $ | 10,099 | | | $ | (33,564) | | | $ | 275,044 | | | $ | 251,579 | | | $ | 30,634 | | | $ | — | | | $ | 282,213 | | | | | | | | | | | | | | | | | | | | | Capital expenditures (b) | $ | 89,783 | | | $ | 43,433 | | | $ | 13,378 | | | $ | 146,594 | | | $ | 22,151 | | | $ | — | | | $ | 168,745 | | | | | Depreciation and amortization | $ | 97,093 | | | $ | 46,337 | | | $ | 18,599 | | | $ | 162,029 | | | $ | 3,288 | | | $ | — | | | $ | 165,317 | | | | | | | | | | | | | | | | | | | | | Energy | | Grains | | Agronomy | | Total Reportable Segments | | Corporate and Services | | Reconciling Amounts | | Total | | | | Three Months Ended May 31, 2025 | (Dollars in thousands) | | | | Revenues, including intersegment revenues | $ | 1,917,878 | | | $ | 5,292,339 | | | $ | 2,514,360 | | | $ | 9,724,577 | | | $ | 86,835 | | | $ | (44,991) | | | $ | 9,766,421 | | | | | Intersegment revenues | (2,782) | | | (38) | | | (339) | | | (3,159) | | | (41,832) | | | 44,991 | | | — | | | | Revenues, net of intersegment revenues | $ | 1,915,096 | | | $ | 5,292,301 | | | $ | 2,514,021 | | | $ | 9,721,418 | | | $ | 45,003 | | | $ | — | | | $ | 9,766,421 | | | | | Cost of goods sold (a) | 1,889,165 | | | 5,238,387 | | | 2,285,473 | | | 9,413,025 | | | 23,585 | | | — | | | 9,436,610 | | | | | Marketing, general and administrative expenses | 84,169 | | | 85,744 | | | 69,488 | | | 239,401 | | | 19,449 | | | — | | | 258,850 | | | | | Interest expense | (1,025) | | | 19,678 | | | 27,812 | | | 46,465 | | | 4,579 | | | (6,935) | | | 44,109 | | | | | Other income | (427) | | | (10,525) | | | (16,774) | | | (27,726) | | | (6,607) | | | 6,935 | | | (27,398) | | | | | Equity income from investments | (271) | | | (8,127) | | | (99,373) | | | (107,771) | | | (96,834) | | | — | | | (204,605) | | | | | (Loss) income before income taxes | $ | (56,515) | | | $ | (32,856) | | | $ | 247,395 | | | $ | 158,024 | | | $ | 100,831 | | | $ | — | | | $ | 258,855 | | | | | | | | | | | | | | | | | | | | | Capital expenditures (b) | $ | 295,131 | | | $ | 92,318 | | | $ | 16,351 | | | $ | 403,800 | | | $ | 433 | | | $ | — | | | $ | 404,233 | | | | | Depreciation and amortization | $ | 87,645 | | | $ | 54,372 | | | $ | 15,585 | | | $ | 157,602 | | | $ | 1,768 | | | $ | — | | | $ | 159,370 | | | | | | | | | | | | | | | | | | | |
(a) Cost of goods sold is presented net of intersegment cost of goods sold. (b) Includes amounts related to acquisition of property, plant and equipment and expenditures for major maintenance. | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Energy | | Grains | | Agronomy | | Total Reportable Segments | | Corporate and Services | | Reconciling Amounts | | Total | | | | Nine Months Ended May 31, 2026 | (Dollars in thousands) | | | | Revenues, including intersegment revenues | $ | 7,802,993 | | | $ | 16,059,992 | | | $ | 4,837,683 | | | $ | 28,700,668 | | | $ | 267,738 | | | $ | (168,422) | | | $ | 28,799,984 | | | | | Intersegment revenues | (38,568) | | | (6,931) | | | (1,341) | | | (46,840) | | | (121,582) | | | 168,422 | | | — | | | | Revenues, net of intersegment revenues | $ | 7,764,425 | | | $ | 16,053,061 | | | $ | 4,836,342 | | | $ | 28,653,828 | | | $ | 146,156 | | | $ | — | | | $ | 28,799,984 | | | | | Cost of goods sold (a) | 7,474,096 | | | 15,884,424 | | | 4,546,527 | | | 27,905,047 | | | 69,147 | | | — | | | 27,974,194 | | | | | Marketing, general and administrative expenses | 262,221 | | | 278,453 | | | 234,303 | | | 774,977 | | | 63,035 | | | — | | | 838,012 | | | | | Interest expense | 184 | | | 56,043 | | | 85,182 | | | 141,409 | | | 14,936 | | | (25,512) | | | 130,833 | | | | | Other losses (income) | 405 | | | (83,986) | | | (21,166) | | | (104,747) | | | (12,353) | | | 25,512 | | | (91,588) | | | | | Equity income from investments | (1,285) | | | (66,615) | | | (308,860) | | | (376,760) | | | (64,131) | | | — | | | (440,891) | | | | | Income (loss) before income taxes | $ | 28,804 | | | $ | (15,258) | | | $ | 300,356 | | | $ | 313,902 | | | $ | 75,522 | | | $ | — | | | $ | 389,424 | | | | | | | | | | | | | | | | | | | | | Capital expenditures (b) | $ | 159,047 | | | $ | 154,535 | | | $ | 35,764 | | | $ | 349,346 | | | $ | 51,292 | | | $ | — | | | $ | 400,638 | | | | | Depreciation and amortization | $ | 302,510 | | | $ | 138,147 | | | $ | 57,860 | | | $ | 498,517 | | | $ | 10,264 | | | $ | — | | | $ | 508,781 | | | | | | | | | | | | | | | | | | | | | Energy | | Grains | | Agronomy | | Total Reportable Segments | | Corporate and Services | | Reconciling Amounts | | Total | | | | Nine Months Ended May 31, 2025 | (Dollars in thousands) | | | | Revenues, including intersegment revenues | $ | 6,035,646 | | | $ | 15,947,564 | | | $ | 4,723,898 | | | $ | 26,707,108 | | | $ | 268,050 | | | $ | (118,434) | | | $ | 26,856,724 | | | | | Intersegment revenues | (9,238) | | | (106) | | | (734) | | | (10,078) | | | (108,356) | | | 118,434 | | | — | | | | Revenues, net of intersegment revenues | $ | 6,026,408 | | | $ | 15,947,458 | | | $ | 4,723,164 | | | $ | 26,697,030 | | | $ | 159,694 | | | $ | — | | | $ | 26,856,724 | | | | | Cost of goods sold (a) | 5,911,503 | | | 15,629,652 | | | 4,416,731 | | | 25,957,886 | | | 92,036 | | | — | | | 26,049,922 | | | | | Marketing, general and administrative expenses | 246,097 | | | 264,817 | | | 202,939 | | | 713,853 | | | 56,115 | | | — | | | 769,968 | | | | | Interest expense | (4,558) | | | 38,476 | | | 74,777 | | | 108,695 | | | 8,381 | | | (20,114) | | | 96,962 | | | | | Other income | (4,642) | | | (55,141) | | | (29,631) | | | (89,414) | | | (4,838) | | | 20,114 | | | (74,138) | | | | | Equity income from investments | (1,735) | | | (56,097) | | | (205,796) | | | (263,628) | | | (155,342) | | | — | | | (418,970) | | | | | (Loss) income before income taxes | $ | (120,257) | | | $ | 125,751 | | | $ | 264,144 | | | $ | 269,638 | | | $ | 163,342 | | | $ | — | | | $ | 432,980 | | | | | | | | | | | | | | | | | | | | | Capital expenditures (b) | $ | 466,863 | | | $ | 279,880 | | | $ | 56,198 | | | $ | 802,941 | | | $ | 4,594 | | | $ | — | | | $ | 807,535 | | | | | Depreciation and amortization | $ | 260,894 | | | $ | 152,582 | | | $ | 43,371 | | | $ | 456,847 | | | $ | 5,235 | | | $ | — | | | $ | 462,082 | | | |
(a) Cost of goods sold is presented net of intersegment cost of goods sold. (b) Includes amounts related to acquisition of property, plant and equipment and expenditures for major maintenance.
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