Mosaic Q3 adjusted loss misses estimates as lower volumes, raw material costs cut EBITDA

Mosaic

Tue 21:43

Overview
Mosaic reported a Q3 adjusted loss per share of $0.19 and a diluted loss per share of $0.23, with a net loss of $72 mln versus net income of $411 mln a year earlier
Revenue was $3.1 bln and the operating loss was $97 mln 
Adjusted EBITDA fell to $324 mln from $806 mln a year earlier, excluding $53 mln of pre-tax notable items

Outlook
Mosaic expects 2026 capital expenditures of $1.2 bln
Expects Q4 phosphate sales volumes of 1.3 to 1.6 mln tonnes and DAP plant prices averaging $820 to $840 per tonne, with phosphate adjusted EBITDA expected to decline further

        
          Sees 
        2026 potash production of 8.6 mln tonnes after lower ore grades at Esterhazy

Result Drivers
VOLUMES AND RAW MATERIALS - Adjusted EBITDA primarily reflected lower sales volumes across all segments and higher raw material costs in Phosphate and Mosaic Fertilizantes, partly offset by higher phosphate prices
PHOSPHATE CURTAILMENTS - Phosphate sales volumes fell to 1.4 mln tonnes from 1.6 mln a year earlier, reflecting production curtailments tied to limited affordable sulfur availability
FERTILIZANTES VOLUMES - Mosaic Fertilizantes volumes fell to 1.9 mln tonnes from 2.8 mln a year earlier


Company press release: ID:nPn8Gkdb4a

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Revenue
Beat
$3.10 bln
$3.06 bln (11 Analysts)
Q3 Adjusted EPS
Miss
-$0.19
$0.02 (13 Analysts)
Q3 Net Loss
 
$72 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 $26.00, about 36.6% above its November 2 closing price of $19.03
The stock recently traded at 15 times the next 12-month earnings vs. a P/E of 17 three months ago

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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.)