The Andersons Reports Net Income of $46.445 Million Amid Low-Carbon Fuel Expansion
Key Facts
The Andersons reported net income attributable to the company of $46.445 million in the third quarter of 2026, compared with $20.138 million in the same period of 2025, according to results published by the company on November 3. Sales and merchandising revenues were $2.834 billion, versus $2.678 billion a year earlier. The results come as the company focuses on renewable energy and low-carbon ethanol. The company’s shares, trading under the ticker ANDE, closed at $62.67 in the November 3 session. Details of a deal involving Harvestone Low Carbon Partners and its value could not be verified, so the announcement and its terms reported in the article cannot be confirmed.
The year-over-year comparison shows net income rising from $20.138 million in the third quarter of 2025 to $46.445 million in the third quarter of 2026. Sales and merchandising revenues increased from $2.678 billion to $2.834 billion over the same period. These figures reflect the company’s reported quarterly performance, while the available information does not specify how much any deal with Harvestone might add to revenue or earnings. The company’s background includes investments in renewable energy, alongside grain and merchandising activities. The published quarterly results remain separate from any potential financial impact of an acquisition whose details have not been confirmed.
Harvestone Low Carbon Partners was established in 2022 through a partnership between Harvestone Group and Energy Capital Partners, according to Harvestone Group. The platform owns the Blue Flint and Dakota Spirit facilities in North Dakota and the Iroquois Bio-Energy facility in Indiana. This business links ethanol production to facilities in two U.S. states, illustrating the scope of the assets discussed in the article’s background. However, the available information does not provide verified details on the deal’s value, structure or closing terms. Its impact on The Andersons’ business therefore cannot be measured from this information alone.
On incentives linked to low-carbon fuels, Chief Executive Bill Krueger said The Andersons recorded $27 million in 45Z production tax credits during the third quarter of 2026. The figure places tax incentives in the context of the company’s renewable energy business during the period for which it reported quarterly results. The available information did not clarify any connection between these credits and assets owned by Harvestone or a potential deal with the company. Nor did it provide details on how much the credits contributed to reported net income. The reported figure applies to the third quarter of 2026, according to Krueger’s statement.
The company is continuing its debottlenecking project at the Clymers facility in Indiana, saying the project is on schedule and will add 30 million gallons to ethanol capacity when it enters service in mid-2027. The announced timing provides a framework for the company’s production expansion in the state. In his market outlook, Krueger said market disruptions and a strong crop in the Eastern Corn Belt could provide opportunities in the fourth quarter and into 2027. The statement reflects the company’s view of market and crop conditions over the two periods, without specifying the value of those opportunities. The impact of any deal with Harvestone remains uncertain in the absence of verified details.