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Adecoagro (AGRO)
NYSE:AGRO
Earnings Data
Report Date
May 11, 2026After Close (Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
0.08Last Year’s EPS
0.18Same Quarter Last Year
Moderate Buy
Based on 3 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Neutral
The call balances a transformational, strategic positive development—the Profertil acquisition that materially increases scale, diversification and near-term cash generation—against meaningful near-term operational and financial challenges: 2025 EBITDA declines, significant pro forma leverage (3.3x) and Fertilizers downtime. Management presented credible plans to capture fertilizer price tailwinds, reduce costs in the Sugar & Ethanol business, and deleverage over time, while maintaining dividends. Given the substantial strategic upside tempered by real short-term performance and leverage headwinds, the tone is cautiously constructive.Company Guidance
Transformational Acquisition of Profertil
Closed acquisition of Profertil for $1.1 billion (90% equity interest) in mid-December; financed with $400M cash, two ~ $200M long-term debt facilities and $300M equity raise anchored by Tetra. Pro forma scale increases consolidated recurring revenues from ~$1.5B to above $2.0B, with potential to generate ~$700M in adjusted EBITDA and to double cash generation (from ~$150M to ~$300M) on an annualized basis.
Fertilizers Segment Positioned to Capture Urea Price Upside
Urea prices have surged ~30%–40% due to international conflict and supply tightness. Profertil has ~1.3 million tpa capacity, ~200k tons sold in Jan–Feb and ~1.1M tons remaining exposed to market prices, with gas costs ~60% fixed and fuel contracts through 2027 — implying much of price upside should flow directly to EBITDA and cash generation.
Maintained Shareholder Distributions and Return to Markets
Board approved distribution of $35 million in cash dividends for 2026 (subject to AGM), continuing the company’s dividend policy. Company completed a $300M equity issuance, marking Adecoagro's return to public markets since 2011.
Operational Resilience in Sugar, Ethanol & Energy
Cane cash cost remained stable at 12.8¢/lb despite adverse weather. Ethanol mix improved (72% in the quarter; 58% for the full year) and ethanol became the higher-margin product. Sugar, Ethanol & Energy adjusted EBITDA was $292M for 2025. Management expects low double-digit crushing growth for 2026 and estimates 10%–15% potential reduction in unit costs through dilution and efficiency gains.
Improved Financial Flexibility via Long-Term Financing
Acquisition partially financed with two new long-term $200M facilities (7-year tenor, 2-year grace) at attractive rates. Most indebtedness is long term and currency mix matches revenues, mitigating FX risk; company noted capacity to repay short-term debt with existing cash balances.
More Diversified, Less Volatile Business Mix
Company reorganized into three segments (Sugar, Ethanol & Energy; Fertilizers; Food & Agriculture) resulting in three roughly equal-size revenue streams, which management expects will materially reduce earnings volatility and improve cash-generation visibility across cycles.
AGRO Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
AGRO Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Mar 16, 2026 | $10.90 | $12.45 | +14.22% |
Nov 11, 2025 | $8.16 | $7.90 | -3.19% |
Aug 18, 2025 | $9.00 | $8.15 | -9.46% |
May 12, 2025 | $8.60 | $8.76 | +1.81% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Adecoagro (AGRO) report earnings?
Adecoagro (AGRO) is schdueled to report earning on May 11, 2026, After Close (Confirmed).
What is Adecoagro (AGRO) earnings time?
Adecoagro (AGRO) earnings time is at May 11, 2026, After Close (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is AGRO EPS forecast?
AGRO EPS forecast for the fiscal quarter 2026 (Q1) is 0.08.