Quarterly ResultMay 7, 2026, 06:07 AM
Nutrien Q1 Net Earnings $139M; Adjusted EBITDA $1.11B
AI Summary
Nutrien reported strong first-quarter 2026 results with net earnings of $139 million and adjusted EBITDA of $1.11 billion, driven by record potash sales volumes and improved performance in Nitrogen and Retail segments. The company reaffirmed its full-year 2026 guidance ranges and continues to progress strategic alternatives for its Phosphate, Trinidad Nitrogen, and Brazilian Retail businesses. Nutrien returned $409 million to shareholders in the quarter.
Key Highlights
- Net earnings increased to $139 million in Q1 2026 from $19 million in Q1 2025.
- Adjusted EBITDA rose 30% to $1.11 billion in Q1 2026 from $852 million in Q1 2025.
- Retail adjusted EBITDA increased 135% to $108 million due to higher sales volumes and proprietary product margins.
- Potash adjusted EBITDA grew 30% to $578 million, driven by record sales volumes and higher global benchmarks.
- Nitrogen adjusted EBITDA increased 19% to $482 million, primarily due to higher global benchmarks.
- Returned $409 million to shareholders in Q1 2026 through dividends and share repurchases.
- Reaffirmed full-year 2026 guidance, including Retail adjusted EBITDA of $1.75-$1.95 billion.
- Progressing strategic review of Phosphate, Trinidad Nitrogen, and Brazilian Retail businesses.