Agricultural Cooperative CHS has announced earnings for the 1st quarter ending 11/30/2018.
Earnings were $347 million which is pretty damned good–but as readers have mentioned before CHS is actually an energy company masquerading as a agricultural company.
A quick review shows that $232 million of their income was from their oil refineries, with just $80 million from the ag segment. $24 million was from their nitrogen investment–the ill conceived $2.8 billion investment in CF Industries Nitrogen LLC.
Of course the financial statements are a bit more complicated than normal as various restatements etc from the previously reported fraud caused a bunch of extra paperwork.