Canada's Nutrien Q1 revenue beats estimates, but profit misses

Nutrien

06/05/2026 22:10

Overview

Canada fertilizer producer's Q1 revenue rose 19% yr/yr, beating analyst expectations

Adjusted EPS for Q1 slightly missed analyst expectations

Company cited record potash sales and stronger nitrogen and retail performance as drivers

Outlook

Nutrien maintains 2026 full-year guidance ranges for financial and operational metrics

Company expects global potash demand to remain strong with shipments of 74-77 mln tonnes in 2026

Nutrien projects 2026 capital expenditures of $2.0-$2.1 bln, consistent with prior year

Result Drivers

RECORD POTASH SALES - Co said Q1 potash results benefited from record sales volumes and higher global benchmark prices

STRONG NITROGEN PERFORMANCE - Higher global benchmark prices and reliable production at low-cost North American plants boosted nitrogen segment results

RETAIL GROWTH - Higher crop nutrient sales volumes and stronger proprietary product margins in the US and Australia supported retail segment growth

Company press release: ID:nBw3yPD2Ga

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Sales
Beat
$6.05 bln
$5.26 bln (8 Analysts)
Q1 Adjusted EPS
Miss
$0.51
$0.53 (14 Analysts)
Q1 EPS
$0.27
Q1 Net Income
$139 mln
Q1 Adjusted EBITDA
Beat
$1.11 bln
$1.08 bln (15 Analysts)

Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 15 "strong buy" or "buy", 5 "hold" and 2 "sell" or "strong sell"

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

The stock recently traded at 13 times the next 12-month earnings vs. a P/E of 14 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.)