Archer-Daniels-Midland (ADM) Q1 2026 (USD): adj. EPS 0.71 (exp. 0.64), Revenue 21.5bln (exp. 21.4bln)

Total segment operating profit rose +2% Y/Y to USD 764mln, with roughly USD 275mln of net negative mark-to-market and timing impacts.  Ag Services & Oilseeds operating profit fell 34% to USD 273mln Carbohydrate Solutions rose 48% to USD 356mln on stronger ethanol margins Nutrition rose 42% to USD 135mln Oilseeds processed volumes rose 2% Y/Y to 9.299mln tonnes Corn volumes were 4.542mln tonnes.  COMMENTARY:CEO says ADM delivered robust operating performance in a dynamic global landscape, with biofuels policy clarity providing a stable regulatory framework. GUIDANCE: Raises FY EPS view to between 4.15-4.70 (exp. 4.16; prev. saw 3.60-4.25) Sees FY26 capex between USD 1.3-1.5bln.