Mosaic posts Q2 decline in revenue, swings to net loss on lower sales volumes

Mosaic

04/08/2026 21:47

Overview
U.S. fertilizer producer's Q2 revenue fell yr/yr, with net loss reversing prior-year profit
Adjusted EBITDA dropped yr/yr, reflecting lower sales volumes and higher raw material costs
Company cut capital expenditures and completed Carlsbad potash mine sale to boost flexibility

Outlook
Mosaic expects 2026 capital expenditures of $1.2 bln, down from prior $1.25 bln forecast
Company sees Q3 potash sales volumes of 2.0-2.2 mln tonnes, MOP prices $270-$290/tonne
Mosaic expects Q3 phosphate sales volumes of 1.1-1.4 mln tonnes, DAP prices $820-$840/tonne

Result Drivers
SULFUR CHALLENGES - Co said sulfur availability and affordability drove production curtailments and higher costs in Q2
LOWER SALES VOLUMES - Mosaic cited reduced sales volumes in Phosphate and Fertilizantes segments as key factors in weaker results
COST CONTROL MEASURES - Co reduced phosphate production, cut costs and lowered capital expenditures to manage through market headwinds

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Loss Per Share
 
$0.86
 
Q2 Net Loss
 
$273 mln
 

Analyst Coverage
The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 9 "strong buy" or "buy", 11 "hold" and 1 "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 $27.50, about 26.1% above its August 3 closing price of $21.81
The stock recently traded at 18 times the next 12-month earnings vs. a P/E of 13 three months ago

Reuters Recommended Reads
Aug 3 - Andersons Q2 adjusted EPS beats analyst expectations
Aug 4 - ADM lifts 2026 profit forecast on strong margins, favorable biofuels outlook
Aug 4 - Germany's Evonik Q2 revenue up 11% on higher volumes and prices

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(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.)