Archer-Daniels-Midland once again raised its full-year adjusted earnings outlook, after the Trump administration earlier this year issued new rules requiring gas and diesel to contain more biofuels.

The food-processing company said Tuesday it now expects adjusted earnings of about $5.15 to $5.60 a share for the year, up from its previous forecast for $4.15 to $4.70 a share. Analysts polled by FactSet expected adjusted earnings of $4.82 a share.

The updated outlook reflects expected year-over-year earnings improvement in ADM's crushing and ethanol businesses, which have benefited from new quotas released earlier this year by the U.S. government requiring more crop-based biofuels to be blended into the nation's gasoline and diesel supply, the company said.

"These results, and the expectations we have into the back half of this year, give us confidence to again raise our 2026 earnings outlook," Chief Executive Juan Luciano said.

The new outlook came as ADM reported a second-quarter profit of $908 million, or $1.87 a share, compared with $219 million, or 45 cents a share, a year earlier.

Stripping out one-time items, earnings came in at $1.84 a share. Analysts were looking for adjusted earnings of $1.49 a share.

Revenue rose 7.2% to $22.68 billion, below Wall Street models for $22.75 billion.

Shares were up 4.7% to $81.70 in premareket trading.