Agribusiness firm Andersons Q3 adj EPS beats estimates on strength in renewables segment

Overview

• Adjusted EPS for Q3 2025 beats analyst expectations, reaching $0.84

• Adjusted net income for Q3 2025 exceeds estimates, totaling $29 mln

• Adjusted EBITDA for Q3 2025 surpasses expectations, reaching $78 mln

Outlook

• Andersons expects Port of Houston project completion by mid-2026

• Company anticipates ethanol demand support from reduced post-harvest corn costs

• Andersons to provide updated financial targets at December 9 Investor Day

Result Drivers

• ETHANOL PLANTS - Full ownership of ethanol plants boosted Renewables segment's pretax income and adjusted EBITDA

• 45Z TAX CREDITS - Year-to-date 45Z tax credits positively impacted Renewables segment's pretax income

• GRAIN MARKET OVERSUPPLY - Agribusiness faced lower margins due to trade policy uncertainty and oversupply in grain markets

Key Details

Analyst Coverage

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 2 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"

• The average consensus recommendation for the fishing & farming peer group is "buy"

• Wall Street's median 12-month price target for Andersons Inc is $50.00, about 6.6% above its November 3 closing price of $46.70

• The stock recently traded at 13 times the next 12-month earnings vs. a P/E of 14 three months ago

Press Release: ID:nCNW75pHVa

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