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CHS (CHSCP) guidance and outlook
CHS' 10-K filed Nov 4, 2026 makes 16 forward-looking statements, 6 of them new and 2 no longer said since the filing before.
Guidance and outlook
Forward-looking statements, 10-K filed Nov 4, 2026
- updated · We anticipate various macroeconomic factors will continue to drive uncertainty and instability in global energy and agricultural commodity markets, as well as global financial markets, which could have a significant impact on each of our segments during fiscal 2027 and beyond.
- updated · We currently expect global economic factors impacting energy and agricultural commodities to be volatile and have the potential to be headwinds and/or tailwinds depending on future global market conditions as they evolve into fiscal 2027.
- updated · Further, in light of uncertainty in the markets we serve, we are unable to predict how long the current environment will last or the significance of the financial and operational impacts to us; however, we currently expect the trend of volatile energy and agricultural commodities to persist in fiscal 2027.
- updated · The final RVO has increased the demand for RINs, and we expect continued price volatility along with elevated and potentially increasing RINs prices into fiscal 2027.
- We will continue to consider opportunities to further diversify and enhance our sources and amounts of liquidity.
- new · The following is a summary of our primary expected cash requirements for fiscal 2027:
- updated · We expect total capital expenditures for fiscal 2027 to be approximately $850.8 million, compared to capital expenditures of $463.3 million in fiscal 2026, as we continue to invest in capital projects to meet the evolving needs of our owners and customers and enhance value for the cooperative system.
- new · We expect to incur related development costs in fiscal 2027, pending project-related approvals.
- updated · We expect total major maintenance for fiscal 2027 to be approximately $41.8 million, compared to major maintenance of $68.3 million in fiscal 2026.
- updated · We expect to pay dividends on our preferred stock of approximately $168.7 million during fiscal 2027.
- We believe cash generated by operating and investing activities, along with available borrowing capacity under our credit facilities, will be sufficient to support our short-term (the next 12 months) and long-term (beyond the next 12 months) operations.
- new · However, we may from time to time issue long-term debt to fund growth projects or otherwise manage our liquidity and capital structure.
CHS' latest quarter
CHS, Q4 FY26: revenue $10.4B (+21% year over year), operating margin 5.8%, net earnings $715M, operating cash flow $1.4B. The chart follows the revenue to costs, profit and cash.
Questions
What does CHS expect?
We anticipate various macroeconomic factors will continue to drive uncertainty and instability in global energy and agricultural commodity markets, as well as global financial markets, which could have a significant impact on each of our segments during fiscal 2027 and beyond. We currently expect global economic factors impacting energy and agricultural commodities to be volatile and have the potential to be headwinds and/or tailwinds depending on future global market conditions as they evolve into fiscal 2027. Further, in light of uncertainty in the markets we serve, we are unable to predict
Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.