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Investing.com -- Nutrien Ltd. (NYSE:NTR) reported first quarter earnings that fell short of analyst expectations, sending shares down 4.4% in after-hours trading on Tuesday.
The fertilizer and agricultural products company posted adjusted earnings per share of $0.11, well below the $0.36 consensus estimate. Revenue of $5.1 billion also missed expectations of $5.2 billion.
Nutrien’s adjusted EBITDA declined 19% year-over-year to $852 million in Q1, primarily due to lower potash prices in North America and weaker retail earnings.
"In the first quarter, Nutrien delivered strong potash sales volumes, increased ammonia operating rates and positioned our downstream retail network for a strong expected spring planting season in North America," said CEO Ken Seitz.
However, weather-related delays impacted sales and margins in the U.S. and Australia retail segments. Potash adjusted EBITDA fell 16% to $446 million as North American selling prices declined.
The company maintained its full-year 2025 guidance, expecting retail adjusted EBITDA of $1.65 billion to $1.85 billion and potash sales volumes of 13.6 million to 14.4 million tonnes.
Nutrien repurchased 3.6 million shares for $188 million so far in 2025. The stock was down 4.4% in after-hours trading following the earnings release.
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