Archer-Daniels-Midland Raises Outlook After New U.S. Biofuels Policy
By Nicholas G. Miller
Archer-Daniels-Midland raised its full-year earnings outlook after the Trump administration issued new rules requiring gas and diesel to contain more biofuels.
For the first quarter, the food-processing company posted net income of $298 million, or 62 cents a share, up from $295 million, or 61 cents a share, the year prior.
Adjusted earnings were 71 cents a share. Analysts polled by FactSet expected 64 cents a share.
Revenue rose to $20.49 billion from $20.18 billion a year earlier.
The company raised its full-year adjusted-earnings outlook to about $4.15 to $4.70 a share, up from its prior outlook of $3.60 to $4.25 a share. Wall Street sees full-year adjusted earnings of $4.16 a share.
"With U.S. biofuels policy clarity now providing a stable regulatory framework, combined with our team's solid execution, we are raising our earnings expectations for 2026," said Chief Executive Juan Luciano.
In March, the U.S. government issued new rules requiring more biofuel made from crops to be blended into the gasoline and diesel supply.
Luciano said earlier this year that U.S. policy that enabled increased renewable diesel blending would boost the company's profits in 2026.
Write to Nicholas G. Miller at nicholas.miller@wsj.com.
(END) Dow Jones Newswires
May 05, 2026 06:44 ET (10:44 GMT)
Copyright (c) 2026 Dow Jones & Company, Inc.The articles, information, and content displayed on this webpage may include materials prepared and provided by third parties. Such third-party content is offered for informational purposes only and is not endorsed, reviewed, or verified by Morningstar.
Morningstar makes no representations or warranties regarding the accuracy, completeness, timeliness, or reliability of any third-party content displayed on this site. The views and opinions expressed in third-party content are those of the respective authors and do not necessarily reflect the views of Morningstar, its affiliates, or employees.
Morningstar is not responsible for any errors, omissions, or delays in this content, nor for any actions taken in reliance thereon. Users are advised to exercise their own judgment and seek independent financial advice before making any decisions based on such content. The third-party providers of this content are not affiliated with Morningstar, and their inclusion on this site does not imply any form of partnership, agency, or endorsement.
Popular
4 Stocks to Buy Before They Rise Further
2 Undervalued Stocks to Buy Before They Rebound
The 10 Best Companies to Invest in Now
The 10 Best Dividend Stocks
United States