Bunge Global SA (NYSE:BG) reported first-quarter results on Wednesday that significantly exceeded expectations, driven by strong performance in its oilseed processing operations.
The company posted adjusted earnings per share of $1.83, well above the analyst consensus of $0.85, as it navigated volatile market conditions with solid execution across its soybean and softseed segments.
Revenue reached $21.86 billion for the quarter, marking an 88% increase year over year from $11.64 billion. The sharp rise was largely attributed to expanded production capacity and a broader origination network following the integration of Viterra.
Adjusted EPS edged up to $1.83 from $1.81 in the same quarter last year, while GAAP earnings declined to $0.35 per share from $1.48 due to mark-to-market timing effects.
Shares gained 1.92% after the results, reflecting positive investor reaction to the earnings beat and improved outlook.
“The Bunge team delivered a strong first quarter, executing with the discipline and speed that define this organization, while navigating one of the more rapidly changing market environments in recent years,” said Greg Heckman. He added that geopolitical uncertainty and shifting trade flows created both risks and opportunities, which the company managed effectively through its global platform.
Bunge raised its full-year 2026 adjusted EPS guidance to between $9.00 and $9.50, up from its previous range of $7.50 to $8.00. The midpoint of $9.25 stands above the analyst consensus of $8.41.
The upgraded outlook reflects stronger expected performance in the Soybean Processing and Refining and Softseed Processing and Refining segments, partly offset by weaker expectations in Tropical Oils, Specialty Ingredients, and Grain Merchandising and Milling.
The Soybean Processing and Refining segment delivered adjusted EBIT of $377 million, up from $241 million a year earlier, supported by improved processing activity in both South America and North America.
Meanwhile, the Softseed Processing and Refining segment reported adjusted EBIT of $195 million, more than doubling from $82 million in the prior-year period.