Strong global demand and improved supply chain efficiency generated
$452.0 million in Fiscal 2022 first quarter net income
推荐几个靠谱的买球网站 Inc., the nation’s leading agribusiness cooperative, today released results for its first quarter ended Nov. 30, 2021. The company reported record quarterly net income of $452.0 million compared to $69.7 million in the first quarter of fiscal year 2021. 盈利的显著改善主要是由于主要业务的全球需求强劲，而去年同期由于COVID-19大流行导致需求下降.
Fiscal 2022 first quarter highlights include:
- 农业部门经历了强劲的全球需求，推动大宗商品价格走高，导致收益较上年同期显著改善.
- 与2021年第一季度相比，农艺业务的强劲需求和全球市场力量使收益有所改善.
- 买球比较靠谱的网站买球比较靠谱的网站部门的炼油利润率较高，买球比较靠谱的网站的炼油厂加工的加拿大原油的定价也更为优惠.
- 由于有利的市场条件提高了尿素和硝酸铵的定价，公司CF氮气投资的股权收益有所改善.
“买球比较靠谱的网站在2022财年第一季度的异常强劲的财务业绩反映了当地合作社和生产商的支持, as well as the hard work and dedication of our employees around the world, who remain focused on delivering superior value for our owners. That support and hard work, 随着买球比较靠谱的网站在关键资产和技术进步方面的持续投资，买球比较靠谱的网站正在改善运营，增强客户参与度, which are driving earnings momentum," said Jay Debertin, president and CEO of 推荐几个靠谱的买球网站 Inc.
"Our Energy segment continues to see both margin and volume expansion driven by increased global demand. 我对未来一年保持乐观，因为买球比较靠谱的网站将继续改善客户体验，并在买球比较靠谱的网站广阔的网络中创造效率提升, all of which is leading to increased market access, added value and sustainable growth for our local cooperative and farmer owners."
Energy
Pretax earnings of $69.2 million represent a $136.4 million increase versus the same period a year ago and reflect:
- Improved market conditions in our refined fuels business led to increased earnings, 由于更高的炼油利润和买球比较靠谱的网站两家推荐几个靠谱的买球网站炼油厂加工的加拿大重质原油的更优惠定价.
- 与一年前相比，炼油利润率的提高部分被可再生买球比较靠谱的网站信贷成本的上升所抵消. Additionally, 由于未实现的对冲收益逆转，丙烷利润率下降也影响了2022财年第一季度.
Ag
Pretax earnings of $286.4 million represent a $203.4 million increase versus the same period a year ago and reflect:
- 由于强劲的全球市场环境和对农艺产品的强劲需求，买球比较靠谱的网站所有农业部门业务的利润率均有所提高, grains and oilseeds, soyoil and soymeal.
- 本季度产量下降的原因是由于美国部分地区的干旱和飓风“艾达”对墨西哥湾沿岸的影响，导致整体小麦产量下降.
Nitrogen Production
Pretax earnings of $96.6 million represents a $92.1 million increase versus the same period a year ago and reflect:
- 权益法收入的增加归因于CF氮气公司生产和销售的尿素和尿素硝酸铵的强劲需求和价格上涨.
Corporate and Other
Pretax earnings of $14.5 million represent a $10.3 million decrease versus the same period a year ago and reflect:
- Lower equity income from our investment in Ventura Foods, which experienced less favorable market conditions for edible oils.
推荐几个靠谱的买球网站 Inc. (99ioejk.ans-trading.com) is a leading global agribusiness owned by farmers, ranchers and cooperatives across the United States. Diversified in energy, agronomy, grains and foods, 推荐几个靠谱的买球网站 is committed to creating connections to empower agriculture, helping its farmer-owners, customers and other stakeholders grow their businesses through its domestic and global operations. 推荐几个靠谱的买球网站 supplies energy, crop nutrients, seed, crop protection products, grain marketing services, production and agricultural services, animal nutrition products, foods and food ingredients, and risk management services. The company operates petroleum refineries and pipelines and manufactures, markets and distributes Cenex® brand refined fuels, lubricants, propane and renewable energy products.
This document and other 推荐几个靠谱的买球网站 Inc. publicly available documents contain, and 推荐几个靠谱的买球网站 officers and representatives may from time to time make, "forward-looking statements" within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements can be identified by words such as "anticipate," "intend," "plan," "goal," "seek," "believe," "project," "estimate," "expect," "strategy," "future," "likely," "may," "should," "will" and similar references to future periods. Forward-looking statements are neither historical facts nor assurances of future performance. Instead, they are based only on 推荐几个靠谱的买球网站 current beliefs, expectations and assumptions regarding the future of its businesses, financial condition and results of operations, future plans and strategies, projections, anticipated events and trends, the economy and other future conditions. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, 难以预测的风险和环境变化，其中许多不在卫生服务中心的控制范围之内. 推荐几个靠谱的买球网站的实际结果和财务状况可能与前瞻性陈述中所示的有重大差异. Therefore, you should not place undue reliance on any of these forward-looking statements. 可能导致推荐几个靠谱的买球网站实际结果和财务状况与前瞻性陈述中显示的重大差异的重要因素在推荐几个靠谱的买球网站提交给美国的文件中进行了讨论或确定.S. Securities and Exchange Commission, 包括在截至8月31日的财政年度推荐几个靠谱的买球网站年度报告10-K表格第1A项的“风险因素”讨论中, 2021. These factors may include: changes in commodity prices; the impact of government policies, mandates, regulations and trade agreements; global and regional political, economic, legal and other risks of doing business globally; the impact of the ongoing COVID-19 outbreak or other similar outbreaks; the impact of market acceptance of alternatives to refined petroleum products; consolidation among our suppliers and customers; nonperformance by contractual counterparties; changes in federal income tax laws or our tax status; the impact of compliance or noncompliance with applicable laws and regulations; the impact of any governmental investigations; the impact of environmental liabilities and litigation; actual or perceived quality, safety or health risks associated with our products; the impact of seasonality; the effectiveness of our risk management strategies; business interruptions and casualty losses; the impact of workforce factors; our funding needs and financing sources; financial institutions’ and other capital sources’ policies concerning energy-related businesses; uncertainty regarding the transition away from LIBOR and the replacement of LIBOR with an alternative reference rate; technological improvements that decrease the demand for our agronomy and energy products; our ability to complete, integrate and benefit from acquisitions, strategic alliances, joint ventures, divestitures and other nonordinary course-of-business events; security breaches or other disruptions to our information technology systems or assets; the impact of our environmental, social and governance practices; the impairment of long-lived assets; and other factors affecting our businesses generally. 推荐几个靠谱的买球网站在本文件中所作的任何前瞻性陈述仅基于推荐几个靠谱的买球网站目前可获得的信息，且仅在陈述当日有效. 推荐几个靠谱的买球网站 undertakes no obligation to update any forward-looking statement, whether written or oral, that may be made from time to time, whether as a result of new information, future developments or otherwise except as required by applicable law.
