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MGP Ingredients MGPI Q1 2026 earnings

Reported April 29, 2026 · Before market open

Revenue$106.4MBeat by $1.1M
EPS$0.15Beat by $0.11
Revenue estimate$105.3M
EPS estimate$0.04

Next report

Date not yet announced

Financials

Q1 2026

Income statement

See full
Revenue$106.4M-12.5%
Gross profit$33.6M-22.5%
Operating income-$173.2M-23,086%
Net income-$134.8M-4,358%
EPS (diluted)-$6.30-4,400%

Balance sheet

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Cash & equivalents$10.4M-48.5%
Total debt$260.4M-17.7%
Total equity$581.3M-29.8%
Total assets$1.0B-25.2%

Cash flow

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Operating cash flow$7.0M-84.4%
CapEx$5.7M-71.3%
Free cash flow$1.2M-95.0%

Valuation & ratios

Valuation

as of 03/31/26
See full
Market cap$392.87M-37.1%
Enterprise value$642.88M-30.2%
P/S0.8×-0.2×

Profitability

See full
Gross margin36.4%-4.4pp
Operating margin-51.2%—
Net margin-46%—
FCF margin10.2%+1.3pp

Returns & leverage

See full
Return on equity-34%—
Debt / equity0.4×+0.1×
Current ratio2.7×-0.1×

Segments

By product

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Premium plus$22.7M+1.5%
Specialty wheat starches$18.4M+16.2%
Brown goods$14.9M-55.7%
Mid$13.2M+1.7%
Specialty wheat proteins$12.7M+72.9%

By segment

See full
Branded Spirits$44.2M-8.3%
Ingredient Solutions$34.2M+29.1%
Distilling Solutions$28.0M-40.4%

Versus estimates

Revenue

Q2 2026$124.4MMiss by $804.4K
Q1 2026$106.4MBeat by $1.1M
Q4 2025$138.3MBeat by $5.5MQ3 2025$130.9MMiss by $1.9MQ2 2025$145.5MBeat by $13.9MQ1 2025$121.7MMiss by $15.4M

Diluted EPS

Q2 2026$0.55Beat by $0.06
Q1 2026$0.15Beat by $0.11
Q4 2025$0.63Beat by $0.14Q3 2025$0.85Beat by $0.23Q2 2025$0.97Beat by $0.33Q1 2025$0.36Beat by $0.05

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Questions, answered.

When did MGP Ingredients report Q1 2026 earnings?
MGP Ingredients (MGPI) reported Q1 2026 earnings on April 29, 2026 before market open.
What were MGP Ingredients's Q1 2026 revenue and EPS?
MGP Ingredients reported revenue of $106.4M and eps of $0.15 for Q1 2026.
Did MGP Ingredients beat estimates in Q1 2026?
Revenue beat the consensus estimate of $105.3M by $1.1M. EPS beat the consensus estimate of $0.04 by $0.11.
How did MGP Ingredients's Q1 2026 results compare year-over-year?
Compared to the same quarter a year prior, revenue declined 12.5% from $121.7M a year earlier and eps declined 58.3% from $0.36.
Where can I find MGP Ingredients's Q1 2026 SEC filings?
You can read the 8-K earnings release (0000835011-26-000066) and the 10-Q periodic report (0000835011-26-000068) directly on SEC EDGAR. The filing index links above go to sec.gov.