Morningstar

Nutrien Logs Higher Profit, Sales Growth in 1Q

Provided by Dow Jones

By Elias Schisgall 




  Nutrien reported a higher profit and a nearly $1 billion increase in sales during the first quarter, as the war in Iran drives up fertilizer prices. 



  "Nutrien delivered record potash sales volumes and stronger Nitrogen and Retail performance in the first quarter," Chief Executive Ken Seitz said. "We increased production from our low-cost North American assets and positioned our supply chain to reliably supply our customers amid tightening global fertilizer supply and demand fundamentals." 



  The fertilizer company on Wednesday posted a profit of $131 million, or 27 cents a share, compared with a profit of $11 million, or 2 cents a share, a year earlier. 



  Stripping out certain one-time items, the company reported adjusted earnings of 51 cents a share. Analysts surveyed by FactSet were expecting 54 cents a share. 



  Net sales rose to $6.05 billion from $5.1 billion a year prior. 



  The company reaffirmed its full-year guidance. 





  Write to Elias Schisgall at elias.schisgall@wsj.com 





  (END) Dow Jones Newswires



  May 06, 2026 17:40 ET (21:40 GMT)


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