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ADM lifts 2026 guidance after second-quarter earnings jump
Net earnings rose 315% to $908 million in the quarter ended June 30, helped by a stronger biofuels margin environment and elevated global energy prices.
ADM reported second-quarter net earnings of $908 million, up 315% from $219 million in the prior year period, driven by robust commercial execution and improved biofuels margin conditions, according to World Grain.
The company said earnings before income taxes increased to $1.09 billion from $279 million year over year, with leadership pointing to supportive energy markets for North American biofuel margins after the March finalization of renewable volume obligations for 2026 and 2027.
ADM attributed margin expansion across its Ag Services and Oilseeds segment to the renewed backdrop, including higher global energy volatility that supported biofuel performance and crush margins. It also reported that global oilseed processing volumes rose close to 5% versus the prior year period due to higher asset utilization.
As a result, ADM raised its previously provided adjusted earnings-per-share guidance for fiscal 2026 to approximately $5.15 to $5.60 per share, from a prior range of $4.15 to $4.70. World Grain also reported operating profit in the Ag Services and Oilseeds segment climbed 129% to $867 million in the quarter.