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Nutrien's (NTR) Q1 Earnings and Revenues Surpass Estimates
Zacks Investment Research· 2024-05-09 16:11
Nutrien Ltd. (NTR) recorded profits of $165 million or 32 cents per share in first-quarter 2024, down from $576 million or $1.14 in the year-ago quarter.Barring one-time items, adjusted earnings per share were 46 cents. The bottom line beat the Zacks Consensus Estimate of 36 cents.Sales fell around 12% year over year to $5,389 million in the quarter. Nevertheless, the figure beat the Zacks Consensus Estimate of $5,375.6 million.A decline in net fertilizer selling prices negatively impacted the company's fin ...
Compared to Estimates, Nutrien (NTR) Q1 Earnings: A Look at Key Metrics
Zacks Investment Research· 2024-05-09 02:01
For the quarter ended March 2024, Nutrien (NTR) reported revenue of $5.39 billion, down 11.8% over the same period last year. EPS came in at $0.46, compared to $1.11 in the year-ago quarter.The reported revenue compares to the Zacks Consensus Estimate of $5.38 billion, representing a surprise of +0.25%. The company delivered an EPS surprise of +27.78%, with the consensus EPS estimate being $0.36.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expe ...
Nutrien (NTR) Beats Q1 Earnings and Revenue Estimates
Zacks Investment Research· 2024-05-09 00:46
Nutrien (NTR) came out with quarterly earnings of $0.46 per share, beating the Zacks Consensus Estimate of $0.36 per share. This compares to earnings of $1.11 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 27.78%. A quarter ago, it was expected that this producer of potash and other fertilizers would post earnings of $0.72 per share when it actually produced earnings of $0.37, delivering a surprise of -48.61%.Over the last fo ...
Nutrien: 4% Yielder Nearing Trough Valuation With High Profits
Seeking Alpha· 2024-05-06 20:00
Blue Potash Evaporation Ponds in Moab, Utah - Aerial halbergman Nutrien Ltd. (NYSE:NTR) dons the hat of a producer as well as a retailer. This Canadian company produces Potash, Nitrogen and Phosphate. In fact, it holds the distinction of being one of the top 3 global producers for each of the three. On the retail side, it sells to over 2,000 locations spanning 7 countries. NTR retail products comprise crop nutrients, crop protection products, seeds and application services. Its geographical footprint is wel ...
Nutrien: A Low-Risk Total Return Pick Benefiting From Inflation
Seeking Alpha· 2024-05-06 12:44
GoodLifeStudio/E+ via Getty Images Nutrien Ltd. (NYSE:NTR) is one of the largest and most diversified farm fertilizer manufactures in the world. The good news for investors is share pricing is back to 2018 levels (when its merger was completed and public trading began, before the pandemic), despite a much-improved balance sheet after years of strong operating profitability. In essence, the company is better positioned for the future than six years ago, both from a financial backstop and steady-growth vi ...
Nutrien(NTR) - 2024 Q1 - Quarterly Report
2024-03-01 16:17
2023 Annual Report Overview MD&A Five-year highlights Financial statements and notes Contents You can find this report and information on Nutrien on our website at nutrien.com. More detailed information on our sustainability strategy and performance is provided on our website at nutrien.com/sustainability. | Overview | 1 | | --- | --- | | Letter from our President and CEO | 2 | | Performance highlights | 6 | | Sustainability highlights | 7 | | Management's discussion & analysis ("MD&A") | 8 | | Our approach ...
Nutrien Ltd. (NTR) Bank of America Securities 2024 Global Agriculture and Materials Conference (Transcript)
2024-02-28 19:45
Company and Industry Overview * **Company**: Nutrien Ltd. (NYSE:NTR) * **Industry**: Agriculture and Materials * **Event**: Bank of America Securities 2024 Global Agriculture and Materials Conference * **Date**: February 28, 2024 * **Time**: 9:50 AM ET Potash Market * **Historical Strategy**: Nutrien has maintained a consistent strategy of maintaining share in the potash market as global demand grows, historically holding a 19% to 20% share. * **Supply Disruptions**: In 2021, supply disruptions due to flooding, sanctions, and the war in Ukraine caused a supply crisis and led to potash prices exceeding $1,000 per ton, damaging demand. * **Market Recovery**: Since 2022, demand has been recovering, with global shipments falling from 70 million tons in 2022 to 61 million tons in 2023. In 2024, Nutrien expects demand to grow from 67 million to 68 million tons last year to 68 million to 71 million tons. * **Balanced Market**: Nutrien sees 2024 as a more balanced market, with demand recovery and improved affordability. The company aims to grow share with the market, targeting 14 million to 15 million tons in 2024. * **Investments**: Nutrien has invested in low-cost assets, with an installed capacity of 15 million tons, positioning the company for organic growth as the market recovers. Nitrogen Market * **U.S. Market**: The U.S. Gulf region is experiencing tightness in nitrogen supply, particularly in urea and UAN, due to strong planting expectations and supply constraints. * **Supply Constraints**: Constraints include exports leaving the U.S. or Trinidad, gas supply issues in Trinidad, production issues in the U.S., and logistics interruptions in the Middle East. * **Retail Supply**: Nutrien's retail business is adequately supplied, with inventory levels sufficient through the middle of April and into May. * **Capacity Expansion**: Nutrien plans to increase nitrogen production from 10.4 million tons in 2023 to 11.5 million to 12 million tons in the mid-cycle case through improvements in Trinidad, Borger, and Geismar, and incremental brownfield projects. Retail Business * **Acquisition**: Nutrien acquired a retail organization with a proprietary platform and scale, doubling profitability. * **Market Share**: Nutrien's retail business has a market share of less than 25% in the U.S. market, with opportunities for further consolidation. * **Synergies**: Nutrien leverages its low-cost position, proprietary products, and scale to drive synergies and profitability. * **Brazilian Business**: Nutrien's Brazilian business faced challenges due to market volatility, devaluation of fertilizer and crop protection markets, and inventory management issues. The company is taking a breather from acquiring further in Brazil and focusing on integrating existing acquisitions. Phosphate Business * **Focus**: Nutrien's phosphate business focuses on optimizing the asset base and product mix, with over 50% of phosphates used for non-agricultural purposes. * **MAP+MST**: Nutrien has successfully converted its traditional dry phosphates business to MAP+MST, a sulfur-enhanced MAP product with strong penetration in North America. * **LFP**: Nutrien is monitoring the global discussion around lithium iron phosphate (LFP) and its potential impact on the existing product mix.
Nutrien Ltd. (NTR) BMO 33rd Global Metals, Mining and Critical Minerals Conference (Transcript)
2024-02-27 16:35
Nutrien Ltd. (NYSE:NTR) BMO 33rd Global Metals, Mining and Critical Minerals Conference February 27, 2024 8:00 AM ET Company Participants Ken Seitz - CEO Conference Call Participants Joel Jackson - BMO Capital Markets Joel Jackson Good morning. Welcome to day two of the conference. So our first session this morning is going to be with Nutrien, who is of course the largest global fertilizer producer. Also is a very large retail farm center network. Very happy to welcome Ken Seitz, the CEO of Nutrien. Back a ...
Nutrien(NTR) - 2023 Q4 - Earnings Call Transcript
2024-02-22 19:50
Jacob Bout Thanks, Pedro. Rice is a part of that picture as well. That's playing a role that we think will lead to a positive rebound in demand there. And if you look at our global picture in terms of where we expect demand growth to come from in 2024, Southeast Asia is actually the biggest single contributor to that. At the midpoint, we've got Southeast Asia up by about two million tons from a shipment standpoint, and are optimistic based on what we've seen moving through the fourth quarter of 2023 and so ...
Nutrien(NTR) - 2023 Q4 - Annual Report
2024-02-21 22:59
NYSE, TSX: NTR Exhibit 99.1 News Release February 21, 2024 – all amounts are in US dollars except as otherwise noted Nutrien Reports Fourth Quarter and Full-Year 2023 Results Fourth quarter results reflect strong fertilizer market fundamentals in North America. Expect increased fertilizer sales volumes and growth in Retail earnings in 2024. SASKATOON, Saskatchewan - Nutrien Ltd. (TSX and NYSE: NTR) announced today its fourth quarter 2023 results, with net earnings of $176 million ($0.35 diluted net earnings ...