The Andersons Reports Record Q3 2026 Earnings and Announces HLCP Acquisition
The Andersons (ANDE) delivered record third-quarter performance, reporting adjusted net income of $47 million ($1.38 per diluted share), a significant increase from the $29 million reported in the prior year. The company's growth was driven by strong renewables pretax income and increased agribusiness margins amid market volatility. Adjusted EBITDA rose to $101 million, up from $78 million in Q3 2025. Strategically, the company announced a definitive agreement to acquire Harvest Low Carbon Partners (HLCP) for $915 million. This acquisition is expected to add 200 million gallons of annual production capacity and generate an estimated $225 million to $250 million in annual EBITDA. While the deal will increase leverage, management expects a long-term debt-to-EBITDA ratio of approximately 2x, well within their target threshold.
Tickers: $ANDE
Topics: acquisition earnings report EBITDA net income renewables