CTVA · 10-Q · 2026Q4 · Full report
Segment Profitability
Corteva, Inc. · 2026-11-12 · Importance 59 · Surprise 48 · From source text
Seed segment operating EBITDA was a loss of $246 million in third-quarter 2026, compared with a $193 million loss in the prior-year quarter, a 27% deterioration. Lower volume, higher information-technology and legal-support fees, and increased R&D investment drove the decline, partly offset by royalty improvements, pricing and mix, productivity actions, and currency. For the first nine months, Seed EBITDA rose 10% to $2,754 million from $2,512 million. Crop Protection third-quarter EBITDA fell 24% to $213 million from $279 million, mainly because of unfavorable pricing and increased R&D investment.
Key facts
- Corteva’s Crop Protection segment operating EBITDA was $213 million in third-quarter 2026, down 24% from $279 million in third-quarter 2025; unfavorable pricing and increased R&D investment were partly offset by cost and productivity actions and lower selling expenses. source
- Corteva’s Operating EBITDA was $3,631 million for the first nine months of 2026, up from $3,402 million in 2025, driven primarily by favorable Seed pricing and mix, net royalty improvement, lower input costs, cost and productivity actions, and favorable currency, partly offset by Crop Protection pricing pressure, higher IT and legal support fees, and increased R&D investment. source
- Corteva’s Seed segment operating EBITDA was $2,754 million in the first nine months of 2026, up 10% from $2,512 million in 2025, driven by favorable pricing and mix, royalty improvement, and cost and productivity actions, partly offset by lower volumes, higher IT and legal fees, and increased R&D investment. source
- Corteva’s loss from continuing operations after income taxes was $527 million in third-quarter 2026, compared with a $308 million loss in third-quarter 2025. source
- Corteva’s income from continuing operations after income taxes was $1,415 million for the first nine months of 2026, compared with $1,741 million in the same 2025 period. source
- Crop Protection segment operating EBITDA was $989 million in the first nine months of 2026, generally flat with $990 million in the first nine months of 2025. source
- Corteva’s Seed segment operating EBITDA was a loss of $246 million in third-quarter 2026, down 27% from a loss of $193 million in third-quarter 2025; lower volumes, higher IT and legal support fees, and increased R&D investment were partly offset by royalty improvements, favorable pricing and mix, cost actions, and favorable currency. source
- Corteva’s third-quarter 2026 Operating EBITDA was a loss of $68 million, down from income of $49 million in third-quarter 2025, primarily due to Crop Protection pricing pressure, lower volumes, higher information technology and legal support fees, and increased R&D investment, partly offset by cost and productivity actions, net royalty improvements, and favorable currency impacts. source
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| net_income | negative | realized | -13.3% | Corteva’s income from continuing operations after income taxes was $1,415 million for the first nine months of 2026, compared with $1,741… |
| operating_income | positive | realized | +9.3% | Corteva’s Operating EBITDA was $3,631 million for the first nine months of 2026, up from $3,402 million in 2025, driven primarily by… |
| net_income | negative | realized | -8.9% | Corteva’s loss from continuing operations after income taxes was $527 million in third-quarter 2026, compared with a $308 million loss in… |
| operating_income | negative | realized | -0.0% | Crop Protection segment operating EBITDA was $989 million in the first nine months of 2026, generally flat with $990 million in the first… |