The Andersons to buy ethanol producer Harvestone Low Carbon Partners in $915M deal (ANDE:NASDAQ)

EIA data shows U.S. ethanol production rose 2% while stocks fell slightly, and exports increased 27% in September. The Andersons Inc. agreed to buy Harvestone Low Carbon Partners for $915M. Greenfield Global and European Energy formed a JV for an e-methanol project. Biofuel Development Opportunity Zone Initiative promotes advanced biofuel production.

The Andersons (ANDE) reported Q3 2026 earnings with record EPS of $1.38, up from $0.84 YoY. Revenue growth was driven by improved ethanol production and agribusiness merchandising. The company expects to achieve $7 EPS by 2028 and announced a material acquisition. Cash flow and debt levels remain strong, with disciplined capital spending. Agribusiness and renewables segments both showed significant profit growth.

The Andersons reported Q3 earnings, highlighting volatility in the RIN market and strong agribusiness gains. Management expects ethanol production to rise in 2027, supported by exports and favorable blending economics. The company announced a $915M acquisition of Harvestone Low Carbon Partners, expected to be immediately accretive to EPS. The acquisition will increase annual ethanol production to about 730M gallons. The Andersons also reported increased cash flow and capital spending.

Andersons, Inc. (ANDE) will acquire Harvestone Low Carbon Partners for $915M, adding 215M gallons of ethanol capacity. The deal, expected to close by Q1 2027, will expand Andersons' low-carbon ethanol capabilities and is projected to be immediately accretive to earnings. Financing includes $300M from existing credit and $615M in long-term debt.

The Andersons (NASDAQ:ANDE) agreed to buy Harvestone Low Carbon Partners for $915M, adding 215M gallons of ethanol capacity. The deal, financed by debt, is expected to close in late 2026 or early 2027 and be immediately accretive to earnings. Harvestone operates carbon capture infrastructure at its facilities.

The Andersons, Inc. (ANDE) agreed to acquire Harvestone Low Carbon Partners, an ethanol producer with three biorefineries, for $915 million. The deal, expected to close by early 2027, includes carbon capture technology. Energy Capital Partners, part of Bridgepoint Group (BPT.L), sold the asset.