SOUTH DAKOTA SOYBEAN PROCESSORS LLC reported first-quarter 2026 results with revenue of $225.53M, a 91.3% increase from the prior-year quarter, while net income swung to a loss of ($4.26M) and diluted EPS was ($0.14) — reflecting startup-related costs and mark-to-market effects tied to the Mitchell facility ramp.
Financial Highlights
MetricCurrent quarterPrior year quarterYoY changeRevenue¹$225.53M$117.91M91.3%Net income²($4.26M)$4.37M(197.3%)Diluted EPS³($0.14)$0.14(200%)¹ Reported as “Revenues”. ² Reported as “Net income (loss) attributable to Company”. ³ Reported as “Basic and diluted earnings per capital unit”.
Business Highlights
- Revenue growth was driven largely by a roughly 91% increase in soybean processing volumes following the Mitchell facility startup.
- The company shifted more supply toward biofuel and feed markets as Mitchell doubled processing capacity, altering the volume mix.
- Management cited temporary margin compression from mark-to-market adjustments and softer soybean oil demand; margins are expected to improve as forward positions mature.
- Mitchell began operations in Q4 2025 and materially increased capacity, with near-term ramp inefficiencies impacting results.
- Company expects demand tailwinds from record EPA RVOs to support soybean oil demand for renewable diesel production.
Original SEC Filing:
This is an AI-powered summary. It may contain inaccuracies. Consider verifying important information with the source. Please note this summary is solely based on documents filed with the SEC.