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Andersons (ANDE) guidance and outlook

Andersons' 10-Q filed Nov 4, 2026 makes 9 forward-looking statements.

Guidance and outlook

9 statements; tone -0.22 (−1 all cautious, +1 all confident); 1 hedged.

Forward-looking statements, 10-Q filed Nov 4, 2026

With respect to the pending acquisition of Harvestone Low Carbon Partners, such factors also include, but are not limited to, our ability to satisfy regulatory and other closing conditions, market conditions impacting our expected debt financing and other uncertainties about the timing and impacts of the acquisition.
Future enactment of the OECD's "side-by-side" framework by our relevant jurisdictions is expected to reduce the Company's exposure to UTPR-related taxes.
The impact of other Pillar Two related taxes is expected to be immaterial to the Company's effective tax rate.
This legislation is not expected to materially affect the Company's effective tax rate for 2026, with the exception of clean fuel production credits.
Management expects to invest approximately $225 million in property, plant, and equipment in 2026; roughly split 50% between growth and maintenance capital.
Accordingly, management evaluates liquidity in conjunction with the value of these inventories, available borrowing capacity, and expected operating cash flows, rather than based solely on outstanding debt balances.
In connection with the pending acquisition of Harvestone Low Carbon Partners, the Company currently expects to finance the transaction with approximately $615 million of proceeds from a long-term debt issuance and approximately $300 million of borrowings under the Company's revolving credit facility.
The Company does not expect any challenges in complying with the covenant requirements of its recourse debt agreements during the next twelve months.
Skyland's credit facility is non-recourse to the Company, and therefore, obligations and covenant compliance under the amended credit agreement are generally limited to the assets and operations of Skyland and are not expected to materially impact the Company's broader liquidity position.

Andersons' latest quarter

Andersons, Q3 2026: revenue $2.8B (+6% year over year), operating margin 1.8%, net earnings $46.4M, operating cash flow −$124M. The chart follows the revenue to costs, profit and cash.

Questions

What does Andersons expect?

With respect to the pending acquisition of Harvestone Low Carbon Partners, such factors also include, but are not limited to, our ability to satisfy regulatory and other closing conditions, market conditions impacting our expected debt financing and other uncertainties about the timing and impacts of the acquisition. Future enactment of the OECD's "side-by-side" framework by our relevant jurisdictions is expected to reduce the Company's exposure to UTPR-related taxes. The impact of other Pillar Two related taxes is expected to be immaterial to the Company's effective tax rate.

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Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.