CHS更新

CHS reports strong fiscal year 2022 earnings

Operators looking out at the CHS Laurel Refinery

CHS reported strong earnings for fiscal year 2022, which reflected strong global demand and market volatility.

2022年11月2日

净收入为1美元.70亿美元,收入47美元.80亿打破了之前的记录
Strong Global Demand and Market Volatility Contributed to Increased Earnings
皇冠hga010安卓二维码 Intends to Return $1 Billion Cash to Owners in Fiscal Year 2023

CHS., the nation’s leading agribusiness cooperative, today reported net income of $1.7 billion for the fiscal year ended Aug. 相比之下,2022年为554美元.2021财年预算为1亿美元.

Key financial drivers for fiscal year 2022 results include:

  • 合并收入为47美元.8 billion for fiscal year 2022 compared to $38.4 billion for fiscal year 2021, a year-over-year increase of 24%.
  • 由于全球供需形势趋紧,我们皇冠hga010安卓二维码部门的炼油利润率较高,推动了收益的改善.
  • CHS全球谷物加工和批发澳门皇冠赌场平台业务在我们的农业部门受益于强劲的全球需求和增加的利润率.
  • Our equity method investments performed well, 由于全球对尿素和尿素硝酸铵(UAN)的强劲需求,CF氮收益增加。, 加上全球供应减少.

“We appreciate the support of our member cooperatives and farmer-owners, which enabled us to deliver a substantial increase in earnings for the fiscal year, while also helping feed people around the world,杰·德贝坦说, CHS .总裁兼首席执行官. “另外, 我们的员工展示了他们的奉献精神,帮助我们的业主和客户在农业动荡的一年取得成功. As a result of these collective efforts, CHS计划在2023财政年度向我们的成员合作社和农民所有者返还10亿美元的现金赞助和股权赎回, 体现皇冠hga010安卓二维码的资金实力,体现合作所有制的价值.

“We are proud of our role in the cooperative system. 我们将继续投资加强美国农村,帮助我们的农场主和消费者满足对农产品日益增长的需求. 我们在基础设施方面的投资, 供应链能力, 人才和创新推动着我们庞大网络的运营和效率提升,德贝丁补充道. 尽管经济的不确定性, logistical challenges and inflationary pressures remain, CHS is well-positioned to maximize value for our member cooperatives and farmer-owners.”

Fiscal Year 2022 Business Segment Results

2022财年分部业绩如下:

皇冠hga010安卓二维码

税前收益616美元.600万代表627美元.1 million increase versus the prior year and reflect:

  • Higher refining margins and increased discounts on heavy Canadian crude oil processed by our refineries contributed to a significant increase in our refined fuels business income; these increases were partially offset by higher renewable energy credit costs and higher natural gas costs, as well as lower margins in our propane business.

Ag

税前收益657美元.600万代表359美元.5 million increase versus the prior year and reflect:

  • Increased margins across all our Ag segment product categories, due to strong global market demand and global supply disruptions
  • Continued favorable markets for oil种子 processing, which were bolstered by robust meal and oil demand
  • Increased revenues from feed and farm 供应, despite less favorable weather during spring planting and application season

氮生产

税前收益为478美元.000万代表357美元.0 million increase versus the prior year and reflect:

  • Increased earnings from our strategic investment in CF Nitrogen, primarily due to market conditions and strong demand for urea and UAN, factors that were partially offset by higher natural gas costs

皇冠hga010安卓二维码及其他

税前收益57美元.900万代表48美元.9 million decrease versus the prior year and reflect:

  • Lower earnings primarily from our Ventura Foods joint venture, which experienced less favorable market conditions for edible oils

 

CHS. (shuangyingkao.volamdolong.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, 生产和农业服务业, 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, 丙烷和可再生皇冠hga010安卓二维码产品.

本文件和其他CHS .. 可公开获取的文件包括, 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. 前瞻性陈述既不是历史事实,也不是对未来业绩的保证. 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. 因此,您不应过分依赖这些前瞻性陈述. 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. 美国证券交易委员会, 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, 这可能会不时发生, whether as a result of new information, future developments or otherwise except as required by applicable law.

 

CHS .财报*
由段
(以千元计)

  截至八月三十一日的年度
  2022 2021
皇冠hga010安卓二维码 $616,551 $(10,596)
Ag 657,586 298,096
氮生产 477,985 121,035
皇冠hga010安卓二维码及其他 57,895 106,785
税前收入 1,810,017 515,320
所得税费用(收益) 132,116 (38,249)
净收益 1,677,901 553,569
Net loss attributable to noncontrolling interests (861) (383)
归属于CHS皇冠hga010安卓二维码的净收入. $1,678,762 $553,952
     

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

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