Nutrien Ltd. Q3 2026 Earnings Recap

Nutrien’s shares were roughly flat, up 0.5% after earnings. The quarter included record-near potash volumes and higher year-to-date operating cash flow, while retail faced lower crop nutrient volumes and higher fuel costs; the supplied transcript cuts off before the full financial results and updated guidance.

Key Takeaways

• Adjusted EBITDA was $1.31 billion in the third quarter and $4.85 billion through the first nine months.
• Cash provided by operating activities rose 17% year over year in the first nine months; Nutrien returned $1.3 billion to shareholders and increased share repurchases by 36%.
• Potash adjusted EBITDA was $730 million in the quarter, with sales volumes near record levels; automation accounted for 53% of ore tons cut.
• Retail adjusted EBITDA increased over the first nine months, supported by proprietary products margins and Australian livestock markets, but lower crop nutrient sales volumes and higher fuel costs were headwinds.
• Nutrien plans to shut down White Springs in the second quarter of 2027, saying lower operating costs and capital needs are expected to more than offset lower sales and shutdown costs.