| Segment Information |
The segment information below includes the allocation of expenses shared by one or more operating segments. Although management believes such allocations are reasonable, the operating information does not necessarily reflect how such data might appear if the segments were operated as separate businesses. The Company does not have any customers who represent 10 percent, or more, of total revenues. | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Three months ended June 30, 2026 | | Three months ended June 30, 2025 | | (in thousands) | Agribusiness | | Renewables | | Total | | Agribusiness | | Renewables | | Total | | Sales and merchandising revenues | $ | 2,113,093 | | | $ | 984,567 | | | $ | 3,097,660 | | | $ | 2,414,827 | | | $ | 721,042 | | | $ | 3,135,869 | | | Cost of sales and merchandising revenues | 1,966,315 | | | 907,615 | | | 2,873,930 | | | 2,282,765 | | | 694,688 | | | 2,977,453 | | | Operating, administrative and general expenses | 122,098 | | | 34,099 | | | 156,197 | | | 114,012 | | | 8,951 | | | 122,963 | | | | | | | | | | | | | | | Interest expense | 13,330 | | | 2,341 | | | 15,671 | | | 11,331 | | | 725 | | | 12,056 | | | | | | | | | | | | | | Other income, net (a) | 8,520 | | | 24,469 | | | 32,989 | | | 12,180 | | | 746 | | | 12,926 | | | Segment income (loss) | $ | 19,870 | | | $ | 64,981 | | | $ | 84,851 | | | $ | 18,899 | | | $ | 17,424 | | | $ | 36,323 | | | less: Corporate expenses | | | | | 17,514 | | | | | | | 11,488 | | | Income before income taxes | | | | | $ | 67,337 | | | | | | | $ | 24,835 | | | | | | | | | | | | | | | | | | | | | | | | | |
(a) Other income, net for each reportable segment includes: Agribusiness - patronage income, property insurance recoveries, amongst other items. Renewables - clean fuel production credits, patronage income, amongst other items. | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Six months ended June 30, 2026 | | Six months ended June 30, 2025 | | (in thousands) | Agribusiness | | Renewables | | Total | | Agribusiness | | Renewables | | Total | | Sales and merchandising revenues | $ | 4,033,060 | | | $ | 1,691,866 | | | $ | 5,724,926 | | | $ | 4,408,114 | | | $ | 1,386,853 | | | $ | 5,794,967 | | | Cost of sales and merchandising revenues | 3,752,376 | | | 1,588,236 | | | 5,340,612 | | | 4,157,454 | | | 1,326,225 | | | 5,483,679 | | | Operating, administrative and general expenses | 243,518 | | | 44,399 | | | 287,917 | | | 238,501 | | | 18,734 | | | 257,235 | | | Interest expense | 27,018 | | | 5,400 | | | 32,418 | | | 24,157 | | | 1,423 | | | 25,580 | | Other income, net (a) | 17,127 | | | 50,741 | | | 67,868 | | | 21,221 | | | 1,834 | | | 23,055 | | | Segment income | $ | 27,275 | | | $ | 104,572 | | | $ | 131,847 | | | $ | 9,223 | | | $ | 42,305 | | | $ | 51,528 | | | less: Corporate expenses | | | | | 30,618 | | | | | | | 23,480 | | | Income before income taxes | | | | | $ | 101,229 | | | | | | | $ | 28,048 | | | | | | | | | | | | | | | | | | | | | | | | | |
(a) Other income, net for each reportable segment includes: Agribusiness - patronage income, property insurance recoveries, amongst other items. Renewables - clean fuel production credits, patronage income, amongst other items.
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Three months ended June 30, 2026 | | Three months ended June 30, 2025 | | (in thousands) | Agribusiness | | Renewables | | Other | | Total | | Agribusiness | | Renewables | | Other | | Total | Depreciation and amortization (a) | $ | 21,894 | | | $ | 11,876 | | | $ | 864 | | | $ | 34,634 | | | $ | 20,399 | | | $ | 12,018 | | | $ | 654 | | | $ | 33,071 | | | Purchases of property, plant and equipment and capitalized software | 38,506 | | | 31,310 | | | 5,756 | | | 75,572 | | | 38,886 | | | 9,940 | | | 2 | | | 48,828 | | Interest income (b) | 868 | | | 31 | | | 72 | | | 971 | | | 1,359 | | | 728 | | | 2 | | | 2,089 | |
(a) Depreciation and amortization disclosed by reportable segment is included within both Cost of sales and merchandising revenues and Operating, administrative and general expenses within the Consolidated Statement of Operations. (b) Interest income is recorded in Other income, net within the Consolidated Statement of Operations. | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Six months ended June 30, 2026 | | Six months ended June 30, 2025 | | (in thousands) | Agribusiness | | Renewables | | Other | | Total | | Agribusiness | | Renewables | | Other | | Total | Depreciation and amortization (a) | $ | 43,384 | | | $ | 23,643 | | | $ | 1,719 | | | $ | 68,746 | | | $ | 42,084 | | | $ | 23,909 | | | $ | 1,418 | | | $ | 67,411 | | | Purchases of property, plant and equipment and capitalized software | 66,144 | | | 51,390 | | | 9,750 | | | 127,284 | | | 74,153 | | | 20,736 | | | 487 | | | 95,376 | | Interest income (b) | 1,652 | | | 63 | | | 111 | | | 1,826 | | | 3,259 | | | 1,331 | | | 11 | | | 4,601 | |
(a) Depreciation and amortization disclosed by reportable segment is included within both Cost of sales and merchandising revenues and Operating, administrative and general expenses within the Consolidated Statement of Operations. (b) Interest income is recorded in Other income, net within the Consolidated Statement of Operations.
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