Nutrien

Nutrien retains Aurora phosphate, shuts White Springs in Q2 2027, raises potash volume guidance to 14.3-14.8M tons on record demand

Nutrien's Q3 2026 earnings call is defined by two portfolio decisions: the retention of the Aurora phosphate complex after bids failed to reflect long-term asset value, and the confirmed shutdown of White Springs in Q2 2027 as that mine approaches end of economically recoverable reserve life. Both actions are framed as free cash flow accretive. Potash delivered record-near sales volumes with year-to-date controllable cash cost of $60 per ton, and full-year volume guidance was raised to 14.3-14.8 million tons. Retail adjusted EBITDA guidance was trimmed to $1.72-$1.85 billion, reflecting intentional volume reduction in Brazil and a shorter North American plant health season, while the company reaffirmed mid-single-digit multi-year retail growth as a structural expectation.

Nutrien is the world's largest producer of potash and a major producer of nitrogen and phosphate fertilizers, operating an integrated crop inputs and services retail network across North America, Australia, and internationally.

Primary products

• Potash
• Nitrogen fertilizers (urea, ammonia, UAN)
• Phosphate fertilizers (DAP, MAP, MES, SOP)
• Crop protection products
• Seed
• Proprietary crop nutrition products (Loveland Products)