# Earnings call transcript: The Andersons posts Q3 2026 EPS beat on record profit

> The Andersons reported third-quarter 2026 adjusted earnings of $1.38 a share, beating the $1.07 consensus, while revenue of $2.83 billion fell short of forecasts. Adjusted EPS rose 64.3% year on year and adjusted EBITDA climbed to $101 million, its best third quarter on record.

- Date: 2026-11-04 · published 2026-11-04T18:15:45.455Z
- Category: report · region US · magnitude low
- Page: https://feedsoft.ai/events/80186-earnings-call-transcript-the-andersons-posts-q3-2026-eps-beat-on-record-profit
- Commodities: [DDGS](https://feedsoft.ai/c/DDGS.md), [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

Stronger ethanol plant operations, co-product values and lower corn basis drove the results, signalling healthy ethanol and co-product margins for the feed industry. Lower corn basis points to ample local grain supply.

## Read by commodity

- CORN: bearish ▼
- DDGS: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2020-04-17 | [Federal Reserve-Observations on the Ag Economy-April 2020 - ProAg](https://feedsoft.ai/events/6056-federal-reserve-observations-on-the-ag-economy-april-2020-proag.md) | -0.9% | -1.5% |
| CORN | 2017-11-09 | [Record U.S. corn yield casts bearish spell on markets](https://feedsoft.ai/events/67932-record-u-s-corn-yield-casts-bearish-spell-on-markets.md) | -1.8% | -0.8% |
| CORN | 2025-05-07 | [Brazil's 2024/25 Corn Production Set to Reach Record Levels Amid Favorable Weather and Expanding Plantings \| Tridge Insights](https://feedsoft.ai/events/13495-brazil-s-2024-25-corn-production-set-to-reach-record-levels-amid-favorable.md) | -2.2% | +0.2% |
| CORN | 2021-10-18 | [China posts highest Q3 pork output in three years as herd recovers \| Financial Post](https://feedsoft.ai/events/44515-china-posts-highest-q3-pork-output-in-three-years-as-herd-recovers-financial.md) | +1.5% | +13.0% |
| CORN | 2023-05-15 | [USDA Ending Stocks Reveal Record Projections for Corn and Soybeans - ProAg](https://feedsoft.ai/events/35890-usda-ending-stocks-reveal-record-projections-for-corn-and-soybeans-proag.md) | -8.8% | -9.3% |

## Sources

- fool.com: https://www.fool.com/earnings/call-transcripts/2026/11/04/the-andersons-ande-q3-2026-earnings-call-transcript/
- investing.com: https://www.investing.com/news/transcripts/earnings-call-transcript-the-andersons-posts-q3-2026-eps-beat-on-record-profit-93CH-4999858

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.