
The Andersons reported third-quarter 2026 net income of $46 million, up from $29 million a year earlier, and announced an agreement to acquire Harvestone Low Carbon Partners for $915 million, including working capital. Its renewables segment posted higher pretax income and EBITDA, with ethanol operations benefiting from lower corn basis and stronger co-product values despite a year-over-year decline in ethanol board crush.
The acquisition expands Andersons’ exposure to low-carbon fuels, while improved plant profitability could support continued ethanol production and corn use. The results provide no quantified change in output or corn demand, limiting the near-term price signal.
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