Bunge Global earnings date
Bunge Global (BGN) Q3 2026 Earnings Report
MX:BGN Q3 2026 EPS Results
- Actual EPS
- MXN 47.62
- Consensus EPS
- MXN 44.87
- Beat/Miss
- Beat by +MXN 2.75
- One Year Ago EPS
- MXN 42.23
MX:BGN Q3 2026 Revenue Results
- Actual Revenue
- MXN 442.79B
- Expected Revenue
- MXN 433.07B
- Beat/Miss
- Beat by +MXN 9.72B
- YoY Revenue Growth
- +7.44%
Earnings Announcement Details
- Quarter
- Q3 2026
- Date
- 10/29/2026
- Time
- Before Open
- Conference Call
- Thursday, October 29, 2026
Bunge Global's next earnings date is estimated for February 10, 2027, based on past reporting schedules.
Q3 2026 Earnings Call Audio
Q3 2026 Earnings Slide Deck
Q3 2026 Earnings Call Summary
The call was broadly positive. Strong adjusted earnings, improved soybean and softseed processing, progress on Viterra synergies, project completion, strong liquidity and maintained EPS guidance outweighed lower Tropical Oils and Specialty Ingredients results, higher interest expense, elevated working capital and substantial geopolitical, policy and weather uncertainty.
Bunge is maintaining full year 2026 adjusted EPS in the range of $9.25 to $9.75; Soybean Processing and Refining segment results are forecasted to be lower -- slightly lower, Softseed Processing and Refining segment results are forecasted to be unchanged, Tropical Oils and Specialty Ingredients results are forecasted to be lower, Grain Merchandising and Milling segment results are forecasted to be higher, and Corporate and Other results are expected to be unchanged. The company expects an adjusted annual effective tax rate in the range of 23% to 25%, net interest expense in the range of $640 million to $670 million, capital expenditures toward the higher end of the $1.5 billion to $1.7 billion range, and depreciation and amortization of approximately $975 million; it also expects elevated levels of working capital through the end of the year and likely early into next year. For 2027, the company expects about a $0.50 a share improvement in earnings contribution from its growth CapEx projects, about $0.50 a share from additional cost synergies over 2026 and about another $0.50 a share from commercial synergies, while cost synergies are expected to increase from $250 million to $350 million eventually, with approximately $190 million previously expected in 2026 revised to just a little north of $200 million for the year.
- Strong Third-Quarter Adjusted EarningsReported third-quarter EPS was $1.64 versus $0.86 in the third quarter of 2025. Adjusted EPS increased to $2.56 from $2.27, while adjusted segment EBIT rose to $997 million from $924 million.
- Successful Execution in a Complex EnvironmentManagement said teams navigated geopolitical tensions, changing government policies and global weather patterns successfully, responding quickly to customers and delivering strong third-quarter results.
- Improved Soybean Processing PerformanceSoybean Processing and Refining performance improved, led by stronger processing results in North America and stronger processing results in Argentina and Brazil. European processing also improved, although some of these gains were partially offset by weaker refining, fertilizer, origination and Asian processing results.
- Softseed Segment ImprovementAll Softseed Processing and Refining regions performed well overall, with North American processing and refining as the primary drivers of improvement. Softseed processing volumes increased across all regions, supported by a more favorable margin environment, and softseed oil merchandising improved year over year.
- Viterra Synergy Capture ProgressBunge said it is successfully capturing targeted Viterra cost savings while embedding commercial and network opportunities into daily operations. The company increased its eventual cost-synergy forecast from $250 million to $350 million, expects slightly more than $200 million of savings in 2026 versus the previously discussed $190 million, and expects about $0.50 per share of additional cost-synergy contribution in 2027 over 2026.
- Commercial and Network Synergy OpportunitiesManagement cited improved coordination across origination, processing, logistics, distribution and customer relationships; better asset utilization; improved product flows; broader customer coverage; lower freight costs where possible; better logistics planning; and expanded use of the Rosa Branca retail brand and cotton capabilities.
- Greenfield Project Pipeline Nearing CompletionMorristown, Indiana, has completed commissioning and entered customer qualification; the Destrehan, Louisiana, multi-seed facility is operating; and the related barge unloader has started up. Only the Westzaan, Netherlands, multi-oil refinery remains, with startup expected in the first quarter of 2027.
- Expected 2027 Project Earnings ContributionBunge expects approximately $0.50 per share of 2027 earnings improvement from its growth capital projects, including Morristown, Destrehan, the barge unloader, Westzaan and the Avondale, Louisiana, tropical oils capacity expansion.
- Portfolio SharpeningBunge reached an agreement to sell two non-core sugar mills in Brazil that came into the company through the Viterra combination.
- Full-Year Adjusted EPS Guidance MaintainedThe company maintained its full-year 2026 adjusted EPS guidance range of $9.25 to $9.75 based on results through the first nine months, current market conditions and forward curves.
- Strong Cash Generation and Capital AllocationYear-to-date adjusted funds from operations exceeded $2 billion. After $410 million of sustaining CapEx, Bunge had approximately $1.6 billion of discretionary cash flow, paid $414 million in dividends, invested $753 million in growth and productivity CapEx, invested $105 million to acquire IFF soy protein concentrate and processing businesses, repurchased approximately $250 million of shares and ended with $77 million of retained cash flow.
- Liquidity and Returns Above Capital CostsBunge had approximately $9.7 billion of committed credit facilities, of which approximately $8.5 billion was unused and available, plus approximately $900 million available under its $3 billion commercial paper program. Trailing-twelve-month adjusted ROIC was 8.8%, ROIC was 7%, cash return on equity was 12%, and each exceeded the respective cost of capital.
- Improving South American Soy EnvironmentArgentina performed better than the second quarter, while Brazil was somewhat lower. Management cited helpful foreign-exchange movements, lower costs and improved farmer selling, and said the overall environment in South America was good.
- Strong North American Soy ExecutionBunge said it executed particularly well in North America during tight Western soy supply at the end of the old crop, had the right bean qualities and quantities for customers, and capitalized on tighter meal-market margins.
- Positive Merchandising OutlookManagement expects merchandising results to improve year over year from 2025, with a good fourth-quarter outlook and continued strength into the first quarter. Large Australian and Canadian crops, Bunge's origination and storage networks, its ocean transportation capability and its ability to respond to Black Sea disruptions were cited as supporting factors.
- Renewable Fuels Demand SupportManagement said clarity around biofuel policy should support demand and the market. It expects renewable diesel plants to continue running at full capacity to meet RVO requirements and expects vegetable-oil demand to remain supportive into 2027.
- Readiness for EU Deforestation RegulationBunge is working on the expected year-end implementation of the EU deforestation regime, has conducted scenario analysis and said its global footprint and capabilities in Brazil, Argentina and North America position it to meet customer needs.
- Expanded Global Softseed PlatformManagement said the combination with Viterra brought Bunge's global softseed origination, processing, refining and distribution platform to a scale comparable with its soybean crushing platform.
MX:BGN Earnings History
| Report Date | Fiscal Quarter | Forecast / EPS | Last Year's EPS | EPS YoY Change | Press Release |
|---|---|---|---|---|---|
| Feb 10, 2027 | 2026 (Q4) | 58.80- | 37.02 | ― | ― |
| Oct 29, 2026 | 2026 (Q3) | 44.8747.62 | 42.23 | 12.78% (+5.39) | |
| Jul 29, 2026 | 2026 (Q2) | 36.5737.21 | 24.37 | 52.67% (+12.84) | |
| Apr 29, 2026 | 2026 (Q1) | 16.4334.04 | 33.67 | 1.10% (+0.37) | |
| Feb 04, 2026 | 2025 (Q4) | 33.7537.02 | 39.62 | -6.57% (-2.60) | |
| Nov 05, 2025 | 2025 (Q3) | 36.0342.23 | 42.6 | -0.87% (-0.37) | |
| Jul 30, 2025 | 2025 (Q2) | 20.2224.37 | 32.18 | -24.28% (-7.81) | |
| May 07, 2025 | 2025 (Q1) | 23.8333.67 | 56.55 | -40.46% (-22.88) | |
| Feb 05, 2025 | 2024 (Q4) | 41.7339.62 | 68.83 | -42.43% (-29.21) | |
| Oct 30, 2024 | 2024 (Q3) | 39.8742.60 | 55.62 | -23.41% (-13.02) |
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.
