Mosaic misses Q1 adjusted EPS estimates, to partially curtail phosphate output

Mosaic

11/05/2026 15:53

Overview

U.S. fertilizer producer's Q1 adjusted EPS missed analyst expectations

Q1 revenue rose yr/yr, but adjusted EBITDA declined on higher raw material costs

Company to partially curtail phosphate production due to raw material constraints

Outlook

Mosaic has withdrawn 2026 phosphate production guidance due to raw material constraints

Company expects 2026 potash production of about 9 mln tonnes

Mosaic lowers 2026 capital expenditure guidance to $1.25 bln

Result Drivers

RAW MATERIAL COSTS - Higher sulfur and ammonia prices increased costs and pressured margins, especially in Phosphate and Fertilizantes segments

BRAZIL OPERATIONS CHARGES - Idling Araxa and Patrocinio in Brazil led to $442 mln in charges, weighing on Mosaic Fertilizantes results

COST CONTROL ACTIONS - Mosaic curtailed uneconomic production and managed working capital to address volatile conditions, per CEO Bodine

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Adjusted EPS
Miss
$0.05
$0.24 (12 Analysts)
Q1 EPS
-$0.81
Q1 Net Income
-$258 mln


Analyst Coverage

The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 7 "strong buy" or "buy", 12 "hold" and 2 "sell" or "strong sell"

The average consensus recommendation for the agricultural chemicals peer group is "buy."

Wall Street's median 12-month price target for Mosaic Co is $28.00, about 26.2% above its May 8 closing price of $22.19

The stock recently traded at 12 times the next 12-month earnings vs. a P/E of 12 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)