ADM Archer-Daniels-Midland (ADM) Q1 FY26 earnings call
ADM's quarter was defined by a policy inflection: the EPA's March 27 publication of 2026/2027 renewable volume obligations lifted RINs and, in turn, crush and ethanol margins faster than management expected, prompting a full-year EPS guidance raise. Reported AS&O profit was masked by ~$275M of non-cash mark-to-market and timing losses that management frames as a signal of improving underlying conditions and expects to largely reverse in Q2. Underlying execution — record site crush, strong soybean meal demand, and a Nutrition recovery led by flavors and the restored Decatur East plant — carried
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ADM operating KPIs by quarter
| KPI | This call Mar 2026 Q1 FY26 | Jun 2026 Q2 FY26 | Change vs prior quarter |
|---|---|---|---|
| CO2 sequestered | ~300K metric tonnesDuring the first quarter alone, we sequestered approximately 300,000 metric tonnes of CO2, a milestone that underscores our leadership in this space.Source: earnings call transcript | 337K metric tonnesIn Car Solutions, ethanol production rose in a strong margin environment and we sequestered 337,000 metric tons of carbon this quarter.Source: earnings call transcript | — |
Operating figures the company stated on at least two of the calls shown, checked against each call's transcript. Click a figure to read the sentence. A dash means it was not stated that quarter.
Inve summary of the company's earnings call; see how call summaries are prepared. Not investment advice.