ADM · 10-Q · 2026Q3

Archer-Daniels-Midland Co

Filed 2026-11-03 · Consumer · View original filing on EDGAR

Everything ADM's SEC filings said, ranked

Ranked Events

• Purchase Obligations and CommitmentsImportance 76 · Surprise 56
  Purchase obligations totaled $17.9 billion at September 30, 2026, up from $13.8 billion at December 31, 2025, an increase of approximately 30%. ADM expects to pay $16.1 billion of these obligations within the next…
• Operating Cash Flow TrendsImportance 63 · Surprise 64
  Net cash provided by operating activities was $1.8 billion for the nine months ended September 30, 2026, compared with $5.8 billion in the same 2025 period. This was a decline of $4.0 billion, or approximately 69%,…
• Inventory and Commodity Market ConditionsImportance 57 · Surprise 64
  Inventory-related cash flow was a $1.4 billion outflow in the nine months ended September 30, 2026, compared with a $3.2 billion inflow in the prior-year period. The filing attributes the change primarily to higher…
• Working Capital ChangesImportance 57 · Surprise 64
  Operating cash flow for the nine months ended September 30, 2026 decreased year over year, primarily because of net working-capital changes, partly offset by higher earnings. Inventory changes used $1.4 billion of cash…
• Segment ProfitabilityImportance 51 · Surprise 64
  For the nine months ended September 30, 2026, earnings before income taxes increased $1.7 billion to $2.5 billion, and total segment operating profit rose $1.2 billion to $3.6 billion. Ag Services and Oilseeds segment…
• Headcount / RestructuringImportance 49 · Surprise 82
  Asset impairment, exit, and restructuring costs declined $391 million to $30 million for the nine months ended September 30, 2026, compared with $421 million in the prior-year period. The prior-year charges were…
• Gross Margin DriversImportance 46 · Surprise 56
  For the nine months ended September 30, 2026, gross profit increased $1.2 billion to $5.0 billion, including increases of $755 million in Ag Services and Oilseeds and $334 million in Carbohydrate Solutions. Cost of…
• Futures Brokerage Customer ActivityImportance 45 · Surprise 64
  Payables to brokerage customers generated a $547 million cash inflow in the nine months ended September 30, 2026, down from a $1.8 billion inflow in the prior-year period. ADM attributes the decline primarily to lower…
• Revenue Performance and MixImportance 43 · Surprise 32
  For the nine months ended September 30, 2026, total revenue increased $3.8 billion, or 6.1%, to $65.5 billion from $61.7 billion. Ag Services and Oilseeds revenue rose $3.8 billion to $51.4 billion, led by increases in…
• Strategic Cost ReductionImportance 40 · Surprise 42
  On February 4, 2025, ADM announced targeted actions expected to generate $500 million to $750 million in aggregate cost savings over three to five years, beginning in 2025. The initiatives include cost optimization and…
• Renewable Fuel Standard PolicyImportance 37 · Surprise 42
  In February 2026, the U.S. Treasury and IRS proposed regulations for Section 45Z clean fuel production incentives. In March 2026, the U.S. Environmental Protection Agency finalized 2026 and 2027 Renewable Volume…
• Liquidity and Debt PositionImportance 37 · Surprise 6
  At September 30, 2026, ADM had $711 million of cash and cash equivalents, including $452 million held by foreign subsidiaries whose undistributed earnings were considered indefinitely reinvested. Total available…
• Long-term Debt IssuanceImportance 32 · Surprise 24
  ADM issued $1.0 billion of senior unsecured notes during the nine months ended September 30, 2026. The issuance consisted of $500 million of 4.83% Notes due September 1, 2031 and $500 million of 5.27% Notes due…
• Nutrition Market DemandImportance 31 · Surprise 24
  The Flavors market continued to grow, with energy and ready-to-drink beverages performing strongly; higher Flavor sales and margins also supported Human Nutrition results. Dietary Supplements continued to grow,…
• Acquisition / Partnership / DivestitureImportance 31 · Surprise 42
  ADM and Planters launched Two Rivers Premium Oils, LLC, a cottonseed joint venture, in January 2026; Planters contributed its Pine Bluff, Arkansas, crush plant and regional origination and storage facilities, while ADM…
• Income Tax Rate ChangesImportance 30 · Surprise 40
  ADM’s effective tax rate for the nine months ended September 30, 2026, declined to 17.3% from 20.5% in the prior-year period, while income tax expense increased $268 million to $428 million because pretax earnings were…
• Capital ExpendituresImportance 29 · Surprise 22
  Additions to property, plant, and equipment were $773 million in the nine months ended September 30, 2026, compared with $892 million in the prior-year period, a decrease of approximately 13%. Net cash used in…
• Supply Chain Logistics ConstraintsImportance 25 · Surprise 24
  Transportation benefited from higher freight rates associated with strong grain and fertilizer demand and constrained industry capacity. Global Trade results were supported by supply dislocations and market volatility,…
• Carbohydrate Demand and CompetitionImportance 25 · Surprise 24
  North American liquid sweetener demand remained soft, affecting both volumes and margins, while starch demand was stable. EMEA Starches and Sweeteners faced demand softness across food and industrial markets, and…
• Biofuels and Ethanol DemandImportance 25 · Surprise 24
  Renewable fuel economics supported demand for soybean oil and biodiesel, while the filing reported continued strength in renewable fuel demand and improved North American biodiesel margins. In Carbohydrate Solutions,…

Revenue by Product (in millions)