Nutrien Reports Second Quarter 2026 Results

Nutrien Ltd. (NTR) reported second-quarter 2026 net earnings of $1.22 billion, or $2.53 in diluted earnings per share, alongside record potash sales volumes. For the first half of 2026, adjusted EBITDA reached $3.53 billion, a 6% increase year-over-year, while cash from operations rose 12% to $1.63 billion.

The company raised its full-year potash sales volume guidance range slightly at the low end, moving from 14.1–14.8 million tonnes to 14.2–14.8 million tonnes. Conversely, full-year capital expenditure guidance was lowered from $2.0–$2.1 billion to $1.95–$2.05 billion. All other guidance metrics remained unchanged, including Retail EBITDA of $1.75–$1.95 billion, nitrogen volumes of 9.2–9.7 million tonnes, and phosphate volumes of 2.4–2.6 million tonnes.

Nutrien returned $848 million to shareholders in the first half of the year through dividends and share repurchases, with repurchases increasing by 26%. The company also issued $1 billion in senior notes, using the proceeds to pay down short-term debt, and announced non-core asset sales of approximately $90 million.

Nutrien Ltd. (NTR) reported second-quarter results featuring record first-half earnings, a modest increase in its potash volume guidance, and a reduction in capital expenditures. The company raised the low end of its potash volume forecast by 100,000 tonnes, a change that barely shifts the overall range. Capital expenditure guidance was trimmed by approximately 2.4% at the midpoint, a move consistent with prior company emphasis on capital efficiency. Net earnings figures align with a first-half run rate that investors could extrapolate from strong first-quarter results and rising fertilizer benchmarks.

The stock closed at $94.21, having declined from $114 in March and established a trading base between $86 and $94. This significant pre-release drop suggests the market had already discounted certain macroeconomic headwinds.

Nutrien Ltd. (NTR) is the world’s largest provider of crop inputs and services, producing potash, nitrogen, and phosphate. The company operates six low-cost potash mines in Saskatchewan and nitrogen facilities in North America, although the Trinidad facility was shut in late 2025. Its phosphate business is currently under strategic review. An extensive retail network serves growers in North America, Australia, and South America. Nutrien has been simplifying its portfolio through asset sales, including a Profertil stake and non-core divestitures, while returning capital to shareholders.