CHSCP on Nasdaq

CHS Inc.

Logo: CHS Inc., Public domain, via Wikimedia Commons6

American agricultural company

CHS Inc. is a Fortune 500 secondary cooperative owned by United States agricultural cooperatives, farmers, ranchers, and thousands of preferred stock holders. Based in Inver Grove Heights, Minnesota, CHS owns and operates various food processing and wholesale, farm supply, financial services and retail businesses. It also distributes Cenex brand fuel in 19 midwestern and western states as one of North America's largest c-store networks.3 Its revenue was $38.4 billion in 2021.1 Its shares trade on Nasdaq under the symbol CHSCP.1 Wikipedia text CC BY-SA 4.0

$25.68 up 0.00 (0.00%)Price as of Oct 21, 2026 at 18:59 UTC

Last updated Oct 21, 2026.

Overview

$35.5BRevenue, fiscal 20257
$597.9MNet income, fiscal 20257
1931Founded1

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  • TickerCHSCP on Nasdaq1
  • Industryfood industry1
  • HeadquartersInver Grove Heights1
  • Websitewww.chsinc.com
  • Incorporated inMN8
  • Business address5500 Cenex Drive, Inver Grove Heights, Mn 550778
  • Filer categoryNon-accelerated filer8
  • Legal formCooperative (Producer)4
  • Kind of organizationCooperative1
  • LEIXEIEFTLYDQ1MZ6TZV0154
  • StatusActive4
  • LEI statusIssued and current4
  • Registered addressC/O Corporation Service Company, 55113 Roseville, United States4
  • Registered withOffice of the Minnesota Secretary of State Business & Lien system, COOP-13284

CHS Inc. is a Fortune 500 secondary cooperative owned by United States agricultural cooperatives, farmers, ranchers, and thousands of preferred stock holders. Based in Inver Grove Heights, Minnesota, CHS owns and operates various food processing and wholesale, farm supply, financial services and retail businesses. It also distributes Cenex brand fuel in 19 midwestern and western states as one of North America's largest c-store networks. It is a co-owner (with Mitsui & Co.) of Ventura Foods, a vegetable oil processor.3

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2025

3.2%Gross margin7
0.3%Operating margin7
1.7%Net margin7
-9.7%Revenue growth, 20257
5.4%Return on equity7
0.16×Debt to equity7
-$92.8MFree cash flow7

What sells

Revenue by product, business segment and region, as the company reports it to the SEC.

Business segments

Ag brought in 78% of the revenue CHS Inc. broke down this way in fiscal 2025.

  1. Ag$27.7B778%down 9% from 2024
  2. Energy$7.6B722%down 13% from 2024
  3. Corporate Segment and Other Operating$79.1M70%up 2% from 2024
Business segments by year
Business segments202320242025
Ag$35.4B$30.4B$27.7B
Energy$10.1B$8.8B$7.6B
Corporate Segment and Other Operating$67.9M$77.9M$79.1M

Regions

North America brought in 96% of the revenue CHS Inc. broke down this way in fiscal 2025.

  1. North America$34.1B796%down 7% from 2024
  2. EMEA$541.8M72%down 22% from 2024
  3. Asia Pacific$452.7M71%down 61% from 2024
  4. South America$356.0M71%down 31% from 2024
Regions by year
Regions202320242025
North America$43.4B$36.9B$34.1B
EMEA$930.1M$693.5M$541.8M
Asia Pacific$905.8M$1.2B$452.7M
South America$378.0M$515.2M$356.0M

Where the money goes

Where each dollar of revenue went, fiscal 2025

  • Cost of revenue95¢$34.3B
  • Selling, general and admin3¢$1.0B
  • Interest0¢$146.1M
  • Income tax0¢$16.8M
  • Profit2¢$597.9M

Out of $35.5B in revenue.7

Where each dollar of operating cash went, fiscal 2025

  • Capital spending100¢$728.6M

Out of $635.8M of cash from operations. Spending exceeded cash from operations; the rest came from savings or borrowing.7

Financial statements

Revenue11121314157$35.5B in 2025+9% since 2018
0$20.0B$40.0B$60.0B2018: $32.7B$32.7B20182019: $31.9B$31.9B2019−2%2020: $28.4B$28.4B2020−11%2021: $38.4B$38.4B2021+35%2022: $47.8B$47.8B2022+24%2023: $45.6B$45.6B2023−5%2024: $39.3B$39.3B2024−14%2025: $35.5B$35.5B2025−10%
Gross profit11121314157$1.1B in 2025+4% since 2018
0$1.0B$2.0B$3.0B2018: $1.1B$1.1B20182019: $1.4B$1.4B2019+27%2020: $981.8M$981.8M2020−29%2021: $951.4M$951.4M2021−3%2022: $2.1B$2.1B2022+124%2023: $2.4B$2.4B2023+12%2024: $1.8B$1.8B2024−26%2025: $1.1B$1.1B2025−35%
Operating income11121314157$90.8M in 2025−80% since 2018
0$500.0M$1.0B$1.5B2018: $452.4M$452.4M20182019: $659.6M$659.6M2019+46%2020: $277.3M$277.3M2020−58%2021: $205.8M$205.8M2021−26%2022: $1.1B$1.1B2022+449%2023: $1.3B$1.3B2023+19%2024: $584.4M$584.4M2024−57%2025: $90.8M$90.8M2025−84%
Net income11121314157$597.9M in 2025−23% since 2018
0$500.0M$1.0B$1.5B$2.0B2018: $775.9M$775.9M20182019: $829.9M$829.9M2019+7%2020: $422.4M$422.4M2020−49%2021: $554.0M$554.0M2021+31%2022: $1.7B$1.7B2022+203%2023: $1.9B$1.9B2023+13%2024: $1.1B$1.1B2024−42%2025: $597.9M$597.9M2025−46%

Every line of the income statement as filed: the last 3 fiscal years, latest first.7

Period ending2025-08-312024-08-312023-08-31
Revenues$35.5B$39.3B$45.6B
Cost of goods sold$34.3B$37.5B$43.2B
Gross profit$1.1B$1.8B$2.4B
Marketing, general and administrative expenses$1.0B$1.2B$1.0B
Cost of goods sold (a)$90.8M$584.4M$1.3B
Interest expense$146.1M$104.1M$137.4M
Other income-$100.4M-$137.6M-$112.1M
Equity income from investments-$569.7M-$479.9M-$689.6M
(Loss) income before income taxes$614.8M$1.1B$2.0B
Income Tax Expense (Benefit)-$16.8M$4.9M-$107.7M
Net income$598.0M$1.1B$1.9B
Net income (loss) attributable to noncontrolling interests$78.0K$340.0K-$314.0K
Earnings attributable to CHS Inc.$597.9M$1.1B$1.9B

Compare CHS Inc. with another company

Corporate structure

CHS Inc. sits at the top of its group. 79 entities, 25 countries on record. Switch between the flow chart and the network, and select any entity to see its details.

  • CHS Inc. Inver Grove Heights, Minnesota, United States
    • Cenex Ag, Inc. Subsidiary · Delaware, United States
    • Cenex Pipeline, LLC Subsidiary · Minnesota, United States
    • Central Plains AG Services LLC Subsidiary · Minnesota, United States
    • CHS (Shanghai) Trading Co., Ltd. Subsidiary · China
    • CHS (Taiwan) Commodity Trading Co. Ltd Subsidiary · Taiwan
    • CHS Agritrade Hungary Ltd. Subsidiary · Hungary
    • CHS Agronegocio - Industria e Comercio Ltda Subsidiary · Sao Paulo, Brazil
    • CHS Bermuda GP Subsidiary · Bermuda
    • CHS Bulgaria Ltd. Subsidiary · Bulgaria
    • CHS Canada, ULC Subsidiary · Winnipeg, Manitoba, Canada
    • CHS Capital ProFund, LLC Subsidiary · Minnesota, United States
    • CHS Capital, LLC Subsidiary · Inver Grove Heights, Minnesota, United States
    • CHS Credit Management Services, LLC Subsidiary · Minnesota, United States
    • CHS de Argentina, S.A. Subsidiary · Argentina
    • CHS Energy Canada Inc. Subsidiary · Alberta, Canada
    • CHS Europe S.a.r.l Subsidiary · Switzerland
    • CHS EUROPE SÀRL Subsidiary · Petit-Lancy, Switzerland
      • CHS AGRITRADE HUNGARY KORLÁTOLT FELELŐSSÉGŰ TÁRSASÁG Subsidiary · Budapest, Hungary
      • CHS ITALY S.R.L. Subsidiary · Padova, Italy
    • CHS Foundation Subsidiary · Minnesota, United States
    • CHS Hallock Canada, Inc Subsidiary · Manitoba, Canada
    • CHS Hallock, LLC Subsidiary · Minnesota, United States
    • CHS HEDGING, LLC Subsidiary · Inver Grove Heights, Minnesota, United States
    • CHS Holdings, LLC Subsidiary · Minnesota, United States
    • CHS Hong Kong Limited Subsidiary · Hong Kong
    • CHS Inc. de Mexico Subsidiary · Mexico
    • CHS Italy S.r.l. Subsidiary · Italy
    • and 49 more

Built from parent and subsidiary links from GLEIF, the Global Legal Entity Identifier Foundation (CC0); subsidiaries listed in Exhibit 21 of annual reports filed with the SEC; subsidiaries, stakes and holdings from Wikidata (CC0). Each entity in the chart links to its source.

What it owns

What CHS Inc. reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Property and equipment, before depreciation$12.2B7 Aug 31, 2025$11.4B7 Aug 31, 2024+6.5%
Accumulated depreciation$6.7B7 Aug 31, 2025$6.3B7 Aug 31, 2024+6.7%
Property and equipment, net$5.5B7 Aug 31, 2025$5.2B7 Aug 31, 2024+6.3%
Finance-lease assets$71.8M7 Aug 31, 2025$63.2M7 Aug 31, 2024+13.5%
Operating-lease assets (leased space)$238.7M7 Aug 31, 2025$218.8M7 Aug 31, 2024+9.1%

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$327.8M7 Aug 31, 2025$794.9M7 Aug 31, 2024−58.8%
Marketable securities, current$07 Aug 31, 2025$500.9M7 Aug 31, 2024−100.0%

Intangibles and goodwill

ItemLatestA year beforeChange
Goodwill$239.4M7 Aug 31, 2025$180.0M7 Aug 31, 2024+33.0%
Finite-lived intangibles, gross$159.9M7 Aug 31, 2025$97.4M7 Aug 31, 2024+64.1%
Accumulated amortization$65.5M7 Aug 31, 2025$55.3M7 Aug 31, 2024+18.4%
Finite-lived intangibles, net$94.4M7 Aug 31, 2025$42.1M7 Aug 31, 2024+124.2%

Inventory

ItemLatestA year beforeChange
Inventory, total$3.3B7 Aug 31, 2025$3.1B7 Aug 31, 2024+6.6%

Properties, in its own words

Description · Location(s)

Energy

The rest of Item 2

Refineries · Laurel, Montana, and McPherson, Kansas

Propane terminals · 9 locations in Colorado, Iowa, Minnesota, Missouri, North Dakota, Washington and Wisconsin

Transportation terminals/repair facilities · 12 locations in Iowa, Kansas, Minnesota, Montana, North Dakota, South Dakota, Washington and Wisconsin

Petroleum and asphalt terminals/storage facilities · 12 locations in Kansas, Montana, North Dakota and Wisconsin

Pipelines:

Cenex Pipeline, LLC · Laurel, Montana, to Fargo, North Dakota

Front Range Pipeline, LLC · Canadian border to Laurel, Montana

Jayhawk Pipeline, LLC · Throughout Kansas, with branches in Nebraska, Oklahoma and Texas

Conway Pipeline · McPherson, Kansas, to Conway, Kansas

Kaw Pipe Line Company · Locations throughout Kansas

Osage Pipe Line Company, LLC · Oklahoma to Kansas (50% owned by CHS)

Cenex Zip Trip® corporate headquarters · Spokane, Washington

Convenience stores/gas stations · 39 locations in Colorado, Minnesota, Montana, Nebraska, North Dakota, South Dakota and Wyoming

Lubricant plants/warehouses · 2 locations in Inver Grove Heights, Minnesota, and Kenton, Ohio

Ag

Global Grain and Processing

Grain terminals · 13 locations in the United States in Illinois, Iowa, Louisiana, Minnesota, Mississippi and Texas 5 locations in Brazil3 locations in Europe in Hungary and Romania

Fertilizer terminal · Argentina

Grain marketing offices · 2 locations in the United States in Minnesota and Nebraska17 locations in Latin and South America in Mexico, Argentina, Brazil and Uruguay8 locations in Europe in Bulgaria, Hungary, Italy, Romania, Serbia, Spain, Switzerland and Ukraine4 locations in Asia in China, Singapore, South Korea and Taiwan

Oilseed processing facilities · Fairmont, Hallock and Mankato, Minnesota

Sunflower processing facilities · Fargo and Grandin, North Dakota

Storage and warehouse facility · Joliette, North Dakota

Ethanol plants · Annawan and Rochelle, Illinois

Ag Retail

Agri-operations facilities · Approximately 400 community locations in Colorado, Idaho, Illinois, Iowa, Kansas, Minnesota, Montana, Nebraska, North Dakota, Oklahoma, Oregon, South Dakota, Texas, Washington and Wisconsin

Feed manufacturing facilities · 9 locations in Iowa, Montana, North Dakota, Oregon and South Dakota

Wholesale Agronomy

Deepwater port · Galveston, Texas

Terminals · 11 locations in Illinois, Iowa, Kentucky, Louisiana, Minnesota, South Dakota and Texas

Bulk chemical rail terminal facility · Brooten, Minnesota

Distribution warehouses · 28 locations in Arkansas, Idaho, Illinois, Iowa, Kansas, Michigan, Minnesota, Montana, Nebraska, North Dakota, Oklahoma, South Dakota, Texas, Washington and Wisconsin

Research and development center · Randolph, Minnesota

Description · Location(s)

Corporate and Other

Corporate headquarters · 33-acre campus in Inver Grove Heights, Minnesota, consisting of a building with approximately 320,000 square feet of office space and two smaller buildings with approximately 13,400 and 9,000 square feet of space

Office facilities · Washington, District of Columbia, and Kansas City, Missouri

Item 2 of the 10-K filed Nov 5, 2025.21

Stakes and holdings (Wikidata)

Things Wikidata records the company as owning, with the share when stated.1

The story

CHS's history began in 1931 with the founding of the Farmers Union Central Exchange in Saint Paul, Minnesota. Later, the core cooperative company became Cenex, from the combination of the last two words in its previous name.

In 1998, Cenex merged with Harvest States Cooperatives. Harvest States was the product of a 1983 merger between North Pacific Grain Growers (formed 1929) and the Farmers Union Grain Terminal Association (formed 1938). The merged cooperative took the name Cenex Harvest States, adopting "CHS" as its brand name. In 2003, it changed its legal name to CHS Inc.

In 1963, the CHS unit formerly called Honeymead Products Company was involved in a major oil spill that reached the Mississippi River. 3.5 million gallons of crude soybean oil and processed salad oil from the Honeymead Mankato soybean oil processing plant and petroleum from the Richards Oil Plant in Savage spilled into the Blue Earth River and other nearby waterways, eventually diverting into the Mississippi River. Mass wildlife deaths and habitat destruction followed. Public outrage about the environmental devastation and inadequate government response led to state legislation to protect Minnesota waterways and the establishment of the Minnesota Pollution Control Agency four years later. No state agency previously existed to set or enforce rules to preempt environmental disasters and water contamination.

Co-branding with Eagle Stop

Eagle Stop is a chain of convenience stores headquartered in Missouri. As of 2022, the chain has 49 locations, all in Missouri. All Eagle Stop locations are co-branded with Cenex gas stations.

From Wikipedia’s article on CHS Inc., shared under CC BY-SA 4.0.9

Leadership

Who has led CHS Inc., and when. Pick a name to see everywhere that person has worked.

Board members and other officers (67)

Subsidiaries and ownership

Subsidiaries

Subsidiaries (Exhibit 21)

  • CHS (Shanghai) Trading Co., Ltd. China10
  • CHS (Taiwan) Commodity Trading Co. Ltd Taiwan10
  • CHS Agritrade Hungary Ltd. Hungary10
  • CHS Agronegocio - Industria e Comercio Ltda. Brazil10
  • CHS Bermuda GP Bermuda10
  • CHS Bulgaria Ltd. Bulgaria10
  • CHS Capital ProFund, LLC Minnesota10
  • CHS Capital, LLC Minnesota10
  • CHS Credit Management Services, LLC Minnesota10
  • CHS Energy Canada Inc. Alberta10
  • CHS Europe S.a.r.l Switzerland10
  • CHS Foundation Minnesota10
  • CHS Hallock Canada, Inc Manitoba10
  • CHS Hallock, LLC Minnesota10
  • CHS Hedging, LLC Delaware10
  • CHS Holdings, LLC Minnesota10
  • CHS Hong Kong Limited Hong Kong10
  • CHS Inc. de Mexico Mexico10
  • CHS Italy S.r.l. Italy10
  • CHS Korea, LLC South Korea10
  • CHS Latin America Holdings LLC Minnesota10
  • CHS Market Advisors LLC Delaware10
  • CHS McPherson Refinery Inc. Kansas10
  • CHS Myrtle Grove Land LLC Delaware10
All 69 listed subsidiaries
  • CHS Oilseed Processing LLC Delaware10
  • CHS Serbia D.O.O. Novi Sad Serbia10
  • CHS Tarim ve Gida Sanayii Limited Sirketi Turkey10
  • CHS Trading Company Australia Pty. Ltd. Australia10
  • CHS Ukraine LLC Ukraine10
  • CHS Uruguay SRL Uruguay10
  • CHS de Argentina, S.A. Argentina10
  • CHS-Farmco, LLC Kansas10
  • CHS-GC, Inc. Colorado10
  • CHS-M&M, Inc. Colorado10
  • CHS-Shipman, Inc. Illinois10
  • CHSINC Iberica, S.L. Spain10
  • CZL Ltd. Japan10
  • Cenex Ag, Inc. Delaware10
  • Cenex Pipeline, LLC Minnesota10
  • Central Plains AG Services LLC Minnesota10
  • Circle Land Management, Inc. Minnesota10
  • CoGrain Washington10
  • Cofina Funding, LLC Delaware10
  • Fin-AG, Inc. South Dakota10
  • Front Range Pipeline, LLC Minnesota10
  • GTL Resources Limited England10
  • GTL Resources Overseas Investments Limited England10
  • GTL Resources USA, Inc. Delaware10
  • Illinois River Energy, LLC Delaware10
  • Jayhawk Pipeline, LLC Kansas10
  • Kaw Pipe Line Company Delaware10
  • Lewis-Clark Terminal, Inc. Idaho10
  • M TARHAZ Raktarozasi es Szolgaltato Korlatolt Felelossegu Tarsasag Hungary10
  • Patriot Fuels Biodiesel, LLC Illinois10
  • Patriot Holdings, LLC Illinois10
  • Patriot Land Holdings, LLC Illinois10
  • Patriot Renewable Fuels, LLC Illinois10
  • Patriot Sequestration LLC Illinois10
  • Rockville Propane Terminal LLC Minnesota10
  • S.C. Silotrans S.R.L. Romania10
  • S.P.E CHS Plant Extracts Ltd. Israel10
  • Sinav Limited England10
  • St. Hilaire Ag Insurance, Inc. Minnesota10
  • St. Paul Maritime Corporation Minnesota10
  • TILCO Module Movers, L.L.C. Oklahoma10
  • Triangle Ag LLC Minnesota10
  • Watertown Crop Nutrients, LLC South Dakota10
  • West Central Ag Services Minnesota10
  • West Central Distribution, LLC Minnesota10

From Wikidata.1 The subsidiaries the company lists in Exhibit 21 of its annual report, as filed.

Former names

  • CENEX HARVEST STATES COOPERATIVESAug 13, 1998 to Jul 2, 20038
  • HARVEST STATES COOPERATIVESDec 13, 1996 to Jun 10, 19988

Timeline

  1. Oct 5, 20268-K Executive or director change93
  2. Aug 26, 20268-K Entered a material agreement; New debt or obligation94
  3. Aug 6, 20268-K Regulation FD disclosure95
  4. Jul 8, 20268-K Other events96
  5. Jul 8, 20268-K Results of operations97
  6. Apr 8, 20268-K Results of operations98
  7. Apr 7, 20268-K Other events99
  8. Apr 3, 20268-K Executive or director change100
  9. Jan 7, 20268-K Results of operations101
  10. Jan 6, 20268-K Other events102
  11. Dec 8, 20258-K Executive or director change; Regulation FD disclosure103
  12. Dec 5, 20258-K Regulation FD disclosure104
  13. Jan 4, 2011New chief executive Carl M. Casale becomes CEO22
  14. 1931Founded Founded1

Calendar

When it reported results

  1. Jul 8, 2026Reported quarterly or annual results97
  2. Apr 8, 2026Reported quarterly or annual results98
  3. Jan 7, 2026Reported quarterly or annual results101
  4. Nov 5, 2025Reported quarterly or annual results105
  5. Jul 9, 2025Reported quarterly or annual results106
  6. Apr 2, 2025Reported quarterly or annual results107
  7. Jan 8, 2025Reported quarterly or annual results108
  8. Nov 6, 2024Reported quarterly or annual results109

Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar

Filings

113 filings to the SEC since October 2021: 8 annual reports, 15 quarterly reports, 75 major events, 13 insider forms, 2 other. The latest 20:

  1. Oct 5, 20268-K EDGAR
  2. Aug 26, 20268-K EDGAR
  3. Aug 6, 20268-K EDGAR
  4. Jul 8, 20268-K EDGAR
  5. Jul 8, 202610-Q EDGAR
  6. Jul 8, 20268-K EDGAR
  7. Apr 8, 20268-K EDGAR
  8. Apr 8, 202610-Q EDGAR
  9. Apr 7, 20268-K EDGAR
  10. Apr 3, 20268-K EDGAR
  11. Jan 7, 20268-K EDGAR
  12. Jan 7, 202610-Q EDGAR
  13. Jan 6, 20268-K EDGAR
  14. Dec 8, 20258-K EDGAR
  15. Dec 5, 20258-K EDGAR
  16. Nov 5, 20258-K EDGAR
  17. Nov 5, 202510-K EDGAR
  18. Nov 4, 20258-K EDGAR
  19. Sep 9, 20258-K EDGAR
  20. Sep 3, 20258-K EDGAR

The 113 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

9 open-market trades by officers, directors and large owners since October 2021: 4 buys and 5 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
Nov 14, 2024Johnsrud David AlanDirectorSale1,540$26.78$41.2KForm 4
Jan 25, 2023Cordes Scott ADirectorBuy2,000$25.49$51.0KForm 4
Jan 18, 2023MEYER PERRYDirectorBuy6,000$25.01$150.1KForm 4
Jul 26, 2022Farrell Mark LDirectorSale3,000$29.51$88.5KForm 4
Apr 25, 2022Cordes Scott ADirectorBuy400$25.75$10.3KForm 4
Apr 25, 2022Cordes Scott ADirectorSale200$30.83$6.2KForm 4
Apr 21, 2022Cordes Scott ADirectorBuy300$25.90$7.8KForm 4
Nov 10, 2021Erickson Larry JonDirectorSale1,508$28.58$43.1KForm 4
Nov 10, 2021Erickson Larry JonDirectorSale300$30.74$9.2KForm 4

From Forms 4 filed with the SEC.

SEC filer profile

How CHS Inc. is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARCHS INC2
  • CIK0000823277
  • Employer ID (EIN)41-025109521
  • Filer statusNon-accelerated filer not an emerging growth company; not a smaller reporting company; not a shell company21
  • Incorporated inMinnesota21
  • Fiscal year endsAugust 312
  • Industry code (SIC)5150 Wholesale-Farm Product Raw Materials2
  • SEC reviewing officeOffice of Trade & Services, Division of Corporation Finance2
  • Business address5500 Cenex Drive, Inver Grove Heights, MN 550772
  • Phone651-355-60002
  • Shares outstanding0 as of Jul 8, 202618
  • Public float$0 as of Aug 31, 20257
  • AuditorPricewaterhouseCoopers LLP, Minneapolis, Minnesota PCAOB ID 23821
  • On EDGAR sinceDec 13, 19962
  • Filings745 in all: 8-K (252), 4 (130), 10-Q (88), 3 (62), 10-K (29), S-1/A (18), CORRESP (15), 10-K/A (14)2
    All 40 form types

    UPLOAD (13), 424B3 (11), EFFECT (10), S-1 (10), 4/A (9), 10-Q/A (8), S-8 (8), S-2/A (7), SC 13D/A (7), 5 (6), S-2 (5), 8-A12B (4), CERTNAS (4), CT ORDER (4), FWP (4), 424B4 (3), 424B5 (3), 8-K/A (3), SC 13D (3), POS AM (2), S-1MEF (2), 10-QT (1), 3/A (1), 424B1 (1), 424B2 (1), 5/A (1), 8-A12G (1), 8-A12G/A (1), NT 10-K (1), S-3 (1), S-8 POS (1), SC 13E3/A (1)

  • Latest filingsAnnual report (10-K) Nov 5, 2025
    Quarterly report (10-Q) Jul 8, 2026
    Latest 8-K (8-K) Oct 5, 2026

Securities registered for trading

ClassSymbolExchange
8% Cumulative Redeemable Preferred StockCHSCPThe Nasdaq Stock Market LLC
Class B Cumulative Redeemable Preferred Stock, Series 1CHSCOThe Nasdaq Stock Market LLC
Class B Reset Rate Cumulative Redeemable Preferred Stock, Series 2CHSCNThe Nasdaq Stock Market LLC
Class B Reset Rate Cumulative Redeemable Preferred Stock, Series 3CHSCMThe Nasdaq Stock Market LLC
Class B Cumulative Redeemable Preferred Stock, Series 4CHSCLThe Nasdaq Stock Market LLC

From the cover page of the 10-K filed Nov 5, 2025 (Section 12(b) of the Exchange Act).21

Risk factors and legal proceedings

The risks CHS Inc. names in Item 1A of its 10-K filed Nov 5, 2025: 34 risks under these headings, as written.21

  • Reference to this cautionary statement (the "Cautionary Statement") in the context of a forward-looking statement shall be deemed to be a statement that any one or more of the following factors may cause actual results to differ materially from those indicated in the forward-looking statement.
  • Risks Related to Operating Our Business
  • Our revenues, results of operations and cash flows could be materially and adversely affected by changes in commodity prices.
  • We are subject to political, economic, legal and other risks of doing business globally.
  • Ongoing wars and global conflicts may adversely affect our business, financial condition and results of operations.
  • Our business and operations and demand for our products are highly dependent on certain global and regional factors that are outside our control and could adversely impact our business.
  • Inflation may result in increased costs, which could have a material and adverse effect on our results of operations.
  • We participate in highly competitive business markets and we may not be able to continue to compete successfully, which could have a material adverse effect on us.
  • Our revenues, margins, results of operations and cash flows could be materially and adversely affected if our members were to do business with other companies rather than with us.
  • If our customers choose alternatives to our refined petroleum products, our revenues, results of operations and cash flows could be materially and adversely affected.
  • Consolidation among producers of products we purchase and customers for products we sell could materially and adversely affect our revenues, results of operations and cash flows.
  • We are exposed to risk of nonperformance and nonpayment by counterparties.
The other 23 risks
  • Our business, profitability and liquidity may be adversely affected by deterioration in the credit quality of, or defaults by, third parties who owe us money.
  • Our risk management strategies may not be effective.
  • Actual or perceived quality, safety or health risks associated with our products could subject us to significant liability and damage our business and reputation.
  • Our operations are subject to business interruptions, casualty losses and supply chain issues. We do not insure against all potential losses and could be seriously harmed by unanticipated liabilities.
  • Our business and operations have been, and may in the future, be adversely affected by epidemics, pandemics, outbreaks of disease and other adverse public health developments.
  • We are subject to workforce factors that could adversely affect our business and financial condition.
  • Technological improvements and sustainability initiatives could decrease demand for our agronomy and energy products.
  • Artificial Intelligence (“AI”), including generative AI, advancements are progressing at an unprecedented pace, which brings risks that could subject us to loss through various technical, legal, and opportunistic-related risks.
  • We utilize information technology systems to support our business. The ongoing multiyear implementation of an enterprisewide resource planning system, reliance on multiple legacy business systems as well as third-party data management providers and other vendors, security breaches or other disruptions to our information technology systems or assets could interfere with our operations, compromise the security of our customers' or suppliers' information and expose us to liability that could adversely impact our business and reputation.
  • Increasing scrutiny and changing expectations from stakeholders with respect to our environmental, social and governance practices may expose us to new or additional risks.
  • Failures or delays in achieving our strategies or expectations related to climate change and other environmental matters could adversely affect our business, operations and reputation, and increase risk of litigation.
  • Acquisitions, strategic alliances, joint ventures, mergers, divestitures and other nonordinary course-of-business events resulting from portfolio management actions and other evolving business strategies could affect future results.
  • Risks Related to Laws and Regulations
  • Government policies, mandates, regulations, trade agreements, domestic and foreign trade policies, including the imposition of tariffs and retaliatory tariffs, and other factors beyond our control could adversely affect our operations and profitability.
  • Changes in federal income tax laws or in our tax status, or changes to tax rules in jurisdictions in which we operate, could increase our tax liability and reduce our net income significantly.
  • We incur significant costs in complying with applicable laws and regulations. Any failure to comply with these laws and regulations, or to make capital or other investments necessary to comply with these laws and regulations, could expose us to unanticipated expenditures and liabilities.
  • We are subject to extensive anti-corruption, anti-bribery, anti-kickback and trade laws and regulations, and any noncompliance with those laws and regulations could have a material adverse effect on our business, financial condition and results of operations.
  • Environmental and energy laws and regulations may result in increased operating costs and capital expenditures, and may have a material and adverse effect on us.
  • Environmental liabilities and litigation could have a material adverse effect on us.
  • Risks Related to Our Financial Position and Financing Our Business
  • Our financial results are susceptible to seasonality.
  • If any of our long-lived assets become impaired, we could be required to record a significant impairment charge, which would negatively impact our results of operations.
  • Our business is capital-intensive and we rely on cash generated from our operations and external financing to fund our strategies and ongoing capital needs.
  • Our access to capital could be affected by financial institutions' and other capital sources' policies concerning energy-related businesses.
  • Our cooperative structure limits our ability to access equity capital.

Legal proceedings

For a description of our material pending legal proceedings, please see Note 17, Commitments and Contingencies, of the notes to the consolidated financial statements that are included in this Annual Report on Form 10-K.

The opening of Item 3, Legal Proceedings.21

Sources

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