CHS reports first quarter earnings

Strong global demand for ag and energy generated $782.6 million in fiscal 2023 first quarter net income

CHS., the nation’s leading agribusiness cooperative, today released results for its first quarter ended Nov. 30, 2022. The company reported quarterly net income of $782.600万美元与452美元相比.0 million in the first quarter of fiscal year 2022.

Fiscal 2023 first quarter highlights include:

• 收入12美元.80亿美元比10亿美元.9 billion in the first quarter of fiscal year 2022, a year-over-year increase of 17%.
• Continued robust global demand for commodities, 加上市场波动, resulted in strong earnings across all business segments.
• 皇冠hga010安卓二维码部门收益的显著改善主要是由于美国农村地区和全球市场环境的强劲需求推动了炼油利润率的提高.
• 我们农业部门的大豆和油菜籽加工业务受益于对豆粕和食用油的强劲需求.
• Our CF Nitrogen investment delivered strong earnings due to robust urea and UAN demand.

“你.S. 农业产业受益于全球对粮食和油籽商品的持续强劲需求,杰·德贝坦说, CHS .总裁兼首席执行官. “我们持续强劲的收益归功于市场动态，以及我们代表业主在基础设施方面的投资, 供应链能力和创新技术，推动效率和运营改进. 当我们进入2023年, CHS remains well-positioned to maximize value for our member cooperatives, 农场主和顾客.”

皇冠hga010安卓二维码

税前收益396美元.6 million for the first quarter of fiscal year 2023 represent a $327.4 million increase versus the prior year period and reflect:

• 成品油市场状况改善，包括炼油利润率提高和加拿大重质原油折扣, 部分被可再生皇冠hga010安卓二维码信贷成本上升和炼油厂维护费用增加所抵消
• 与2022财年同期相比，秋收期间的天气条件更有利，需求强劲，导致精炼燃料和丙烷产量增加
• 由于第一季度价格波动导致的对冲相关影响，丙烷利润率下降

Ag

税前收益287美元.300万代表0美元.9 million increase versus the prior year period and reflect:

• Strong global demand and constrained supply for grain and oil种子
• 由于强劲的需求和按市值计价的收益，油籽加工业务的利润率有所提高
• Lower margins on our grain and oil种子 commodities, driven by unfavorable mark-to-market impacts, as well as less favorable pricing for our 澳门皇冠赌场平台 products
• Decreased volumes across most of our Ag segment due to numerous factors, including drought conditions in portions of our trade territory

氮生产

税前收益96美元.900万代表0美元.与去年同期相比增加了300万美元，这反映了由于全球对尿素和UAN的强劲需求，我们在CF氮气方面的战略投资持续表现良好.

皇冠hga010安卓二维码及其他

税前收益36美元.700万代表22美元.与去年同期相比，增加了200万美元，反映了我们文图拉食品合资企业的股权收入增加, which resulted from more favorable market conditions for edible oils.

CHS. 收益*
由段
(以千元计)

*Earnings is defined as income (loss) before income taxes.

CHS. (bnx.lightscribecovers.com) is a leading global agribusiness owned by farmers, ranchers and cooperatives across the United States. 皇冠hga010安卓二维码多元化, 澳门皇冠赌场平台, 谷物和食品, CHS is committed to creating connections to empower agriculture, 帮助农场主, 客户和其他利益相关者通过其国内和全球业务发展他们的业务. CHS提供皇冠hga010安卓二维码, 作物营养, 种子, 作物保护产品, 粮食销售服务, production and agricultural services, 动物营养品, 食品和食品配料, 风险澳门皇冠赌场平台服务. The company operates petroleum refineries and pipelines and manufactures, markets and distributes Cenex® brand refined fuels, 润滑剂, propane and renewable energy products.

本文件和其他CHS .. publicly available documents contain, and CHS officers and representatives may from time to time make, "forward-looking statements" within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements can be identified by words such as "anticipate,”“意愿,”“计划,“”的目标,”“找,”“相信,”“项目,”“估计,”“希望,”“战略,”“未来,”“可能,”“可能,”“应该," "will" and similar references to future periods. Forward-looking statements are neither historical facts nor assurances of future performance. 而不是, they are based only on CHS current beliefs, expectations and assumptions regarding the future of its businesses, financial condition and results of operations, 未来的计划和策略, 预测, 预期的事件和趋势, the economy and other future conditions. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, 难以预测的风险和环境变化，其中许多不在卫生服务中心的控制范围之内. CHS的实际结果和财务状况可能与前瞻性陈述中所示的有重大差异. Therefore, you should not place undue reliance on any of these forward-looking statements. 可能导致CHS实际结果和财务状况与前瞻性陈述中显示的重大差异的重要因素在CHS提交给美国的文件中进行了讨论或确定.S. Securities and Exchange Commission, 包括在截至8月31日的财政年度CHS年度报告10-K表格第1A项的“风险因素”讨论中, 2022. These factors may include: changes in commodity prices; the impact of government policies, 授权, regulations and trade agreements; global and regional political, 经济, legal and other risks of doing business globally; the ongoing war between Russia and Ukraine; the impact of inflation; the impact of epidemics, 大流行, outbreaks of disease and other adverse public health developments, including COVID-19; the impact of market acceptance of alternatives to refined petroleum products; consolidation among our suppliers and customers; nonperformance by contractual counterparties; changes in federal income tax laws or our tax status; the impact of compliance or noncompliance with applicable laws and regulations; the impact of any governmental investigations; the impact of environmental liabilities and litigation; actual or perceived quality, safety or health risks associated with our products; the impact of seasonality; the effectiveness of our risk management strategies; business interruptions, casualty losses and supply chain issues; the impact of workforce factors; our funding needs and financing sources; financial institutions’ and other capital sources’ policies concerning energy-related businesses; uncertainty regarding the transition away from LIBOR and the replacement of LIBOR with an alternative reference rate; technological improvements that decrease the demand for our 澳门皇冠赌场平台 and energy products; our ability to complete, integrate and benefit from acquisitions, 战略联盟, 合资企业, divestitures and other nonordinary course-of-business events; security breaches or other disruptions to our information technology systems or assets; the impact of our environmental, 社会和治理实践, including failures or delays in achieving our strategies or expectations related to climate change or other environmental matters; the impairment of long-lived assets; and other factors affecting our businesses generally. CHS在本文件中所作的任何前瞻性陈述仅基于CHS目前可获得的信息，且仅在陈述当日有效. CHS undertakes no obligation to update any forward-looking statement, 无论是书面的还是口头的, that may be made from time to time, whether as a result of new information, future developments or otherwise except as required by applicable law.

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