MCPHERSON, Kan. — The cooperative that is responsible for the McPherson oil refinery is returning $1 billion to its owners next year.
The CHS Board said it has elected to return $500 million in cash patronage based on business done with CHS in fiscal year 2022, which ended on Aug. 31. The board has also elected to return $500 million in cash to its owners through equity redemptions.
The total of $1 billion distributed in cash would be the largest annual distribution to owners in CHS history and would bring the total amount returned to owners over the last 10 years to more than $3.1 billion.
Final financial results for fiscal year 2022 are expected to be announced in November.