Canada's Nutrien Q3 profit misses estimates on higher costs, lower crop nutrient sales

Nutrien

04/11/2026 21:39

Overview
Canada fertilizer producer's Q3 sales rose 1% yr/yr, beating analyst expectations
Adjusted EPS for Q3 missed analyst expectations
Company to shut down White Springs phosphate facility in 2027 after strategic review

Outlook
Company revises 2026 retail adjusted EBITDA guidance to $1.72-$1.85 bln
Nutrien raises 2026 potash sales volume guidance to 14.3-14.8 mln tonnes
Phosphate sales volume guidance for 2026 cut to 2.40-2.55 mln tonnes

Result Drivers
FERTILIZER BENCHMARKS & POTASH SALES - Co said higher global fertilizer benchmarks and record Potash sales volumes boosted earnings, while reduced Nitrogen sales volumes and higher sulfur costs weighed
PROPRIETARY PRODUCTS & LIVESTOCK - Higher proprietary products gross margins and strong livestock market in Australia supported Retail earnings, offset by lower crop nutrient sales volumes and higher fuel costs
SULFUR COSTS - Higher sulfur input costs reduced Phosphate earnings, partially offset by stronger global benchmark prices

Company press release: ID:nBwbPB0bya

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Sales
Beat
$6.06 bln
$5.74 bln (9 Analysts)
Q3 Adjusted EPS
Miss
$0.61
$0.82 (13 Analysts)
Q3 EPS
 
$0.60
 
Q3 Net Earnings
 
$288 mln
 
Q3 Adjusted EBITDA
Miss
$1.31 bln
$1.34 bln (16 Analysts)

Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 15 "strong buy" or "buy", 7 "hold" and 2 "sell" or "strong sell"
The average consensus recommendation for the agricultural chemicals peer group is "buy"
The stock recently traded at 14 times the next 12-month earnings vs. a P/E of 13 three months ago

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Nov 2 - Pinched ammonia supplies from Trinidad add to US farmer pain ahead of elections

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.)