Quarterly ResultMay 11, 2026, 10:47 AM
Mosaic Reports Q1 Net Loss of $258M; Curtails Phosphate Production
AI Summary
The Mosaic Company reported a net loss of $258 million and an operating loss of $373 million for the first quarter of 2026, a significant decline from the prior year's net income, primarily due to $442 million in charges from idling Brazilian assets. Adjusted EBITDA also decreased to $416 million. The company announced partial curtailments of phosphate production in the U.S. and Brazil due to record raw material prices and revised its 2026 capital expenditure guidance to $1.25 billion.
Key Highlights
- Mosaic reported a Q1 2026 net loss of $258 million, or $(0.81) diluted EPS, compared to $238 million net income in Q1 2025.
- Adjusted EBITDA for Q1 2026 was $416 million, down from $544 million in the prior year period.
- The company will partially curtail phosphate production in Louisiana, Bartow, and Brazil starting in May due to high raw material costs.
- Capital expenditure guidance for 2026 was adjusted to $1.25 billion, reflecting deferrals of less-time sensitive spending.
- Mosaic Fertilizantes segment reported an operating loss of $(422) million, impacted by $442 million in charges from idling Araxa and Patrocinio.
- Phosphate segment reported an operating loss of $(48) million, primarily due to a $280 million increase in raw material costs.
- Potash segment operating earnings increased to $177 million from $157 million in Q1 2025, driven by higher prices.
- A regular common dividend of $0.22 per share was paid in the first quarter.