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

Metric Beat/Mis Actual Consensu

s s

Estimate

Q3 Sales $2.67

and bln

Merchand

ising

Revenues

Q3 Beat $0.84 $0.47 (3

Adjusted Analysts

EPS )

Q3 EPS $0.59

Q3 Beat $28.50 $14.60

Adjusted mln mln (3

Net Analysts

Income )

Q3 Net $20.10

Income mln

Q3 Beat $78.30 $73.30

Adjusted mln mln (3

EBITDA Analysts

)

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 ( ANDE ) 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:

For questions concerning the data in this report, contact [email protected]. For any other questions or feedback, contact .

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)