Question · Q3 2025
Andrew Stravik asked for more color on the 'strong execution' mentioned by management, specifically where it was already evident and if it was repeatable, given the ongoing integration efforts. He also inquired if there were any anomalies or specific seasonal factors from the back half of 2025 that should be considered when modeling for 2026.
Answer
CEO Gregory Heckman attributed strong execution to connecting origination with crushing, filling geographic gaps (like Argentina), quicker market reactions, efficient crush margin execution, improved transportation/logistics, and increased internal liquidity. He noted early wins in pairing origins and destinations. CFO John Knepel stated no unusual anomalies in Q3/Q4 2025 results, but highlighted ongoing market uncertainty making 2026 predictions difficult. Mr. Heckman added that key watch points for 2026 include biofuel and trade policy timing, China's program execution, and the impact of large global crops on storage assets.
Ask follow-up questions
Fintool can predict
BG's earnings beat/miss a week before the call