Andersons(NASDAQ) ANDE

Andersons helps farmers grow food and get it to markets. They turn corn into clean fuel for cars. The company also stores and sells grain to other businesses.

What Does Andersons Sell?

• Agribusiness: Merchandises commodities and runs grain elevators; generated $1.9 billion in merchandising revenues during the first quarter of 2026.
• Renewables: Produces ethanol, corn oil, and animal feed; generated $707 million in merchandising revenues during the first quarter of 2026.
• Plant Nutrients: Makes and distributes fertilizers, crop chemicals, and specialty ag liquids for commercial farmers and industrial users.

Recent Moves and Big Buyouts

• Acquired the remaining 49.9% ownership interest in The Andersons Marathon Holdings LLC on July 31, 2025, for $425 million.
• Renamed the fully owned ethanol production entity to The Andersons Renewables, LLC following the buyout of MPC Investment LLC.
• Completed an amendment to its credit agreement on March 20, 2026, which adjusted the revolving credit capacity to $1.3 billion.
• Repaid an $86.3 million term loan and extended the maturity of other long-term debt to 2034.

Why the Network Matters

The company maintains a grain storage network with a capacity of 266 million bushels across its facilities. Efficient operations at its ethanol plants drove record production levels during the first quarter of 2026.

A Look at the Numbers

• Operating income reached $90.7 million in Q1 2026, up 1174.5% from $7.1 million in Q1 2025.
• Net income hit $33.2 million in Q1 2026, up from $284,000 in Q1 2025.
• Free cash flow was -$445.4 million in Q1 2026, which worsened by 12.3% from -$396.6 million in Q1 2025.
• Revenue was $2.6 billion in Q1 2026, down 1.2% from $2.7 billion in Q1 2025.

Bottom Line

Andersons has transitioned from a traditional grain merchant into a diversified agricultural and renewable energy firm. Full ownership of its ethanol facilities and a focus on nutrient margins support its current operational stability.