Golden Growers Cooperative reported first-quarter 2026 results with revenue of $17.9M and diluted EPS of $0.09, each down about 10–11% from the year-ago quarter, while net income fell to $1.422M from $1.595M in Q1 2025.
Financial Highlights
- Revenue was $17.9M for Q1 2026, down from $20.1M in Q1 2025 ( (11% )).
- Net income was $1.422M for Q1 2026, compared with $1.595M in Q1 2025 ( (11% )).
- Diluted earnings per share was $0.09 for Q1 2026, compared with $0.10 in Q1 2025 ( (10% )).
Business Highlights
- ProGold ownership and exit: The cooperative holds a 50% stake in ProGold LLC; members approved a Plan of Liquidation and Cargill will purchase the cooperative’s 50% interest after the facility lease ends.
- Corn delivery volumes: Q1 corn sold totaled about 4.6M bushels, with member deliveries of roughly 1.7M bushels under Method A and 2.9M bushels under Method B, largely stable year-over-year.
- Revenue mix: Corn marketing remained largely revenue-neutral; the cooperative’s primary income continues to come from ProGold distributions, which declined slightly in Q1.
- Member preferences and operations: For 2026, 24.4% of deliveries elected Method A and 75.6% elected Method B; Cargill serves as agent for both methods and the facility lease runs through Dec. 31, 2026, affecting the timing of the sale.
Original SEC Filing:
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