Mosaic falls after Q1 profit miss, withdraws 2026 phosphate forecast

Mosaic

11/05/2026 12:26

** Shares of fertilizer maker Mosaic MOS.N fall 4.7% to $21.15 premarket

** MOS posts Q1 adjusted profit of 5 cents/share vs estimate of 24 cents/share - data compiled by LSEG

** Company withdraws its phosphate production guidance for 2026 as it reviews its operating plan for the rest of the year

** MOS to partially curtail production at Louisiana and Bartow and is scaling back additional production in Brazil

** Company adjusts its 2026 capex forecast to $1.25 billion from about $1.5 billion previously

** MOS reports Q1 loss of $258 million, compared with year-ago profit of $238 million

** Up until last close, stock down 7.9% YTD

 (Reporting by Pooja Menon in Bengaluru)

 ((Pooja.Menon@thomsonreuters.com;))