Giant agricultural cooperative CHS (Cenex Harvest States) has reported extremely strong earnings for the quarter and the 9 months ending 5/31/2022.
With strong ag markets (including nitrogen fertilizer) as well as strong oil refining the company is hitting on all cylinders. Net income on the quarter was $576 million with $1.2 billion for the 9 months.
Of course CHS has numerous perpetual preferred stock issues outstanding which can be seen here. Most (if not all) of the issues trade at premium prices–too high for me.