Nutrien's Earnings and Revenues Lag Estimates in Q1, Down Y/Y

Core Insights - Nutrien Ltd. reported a profit of $19 million or 2 cents per share for Q1 2025, a significant decline from $165 million or 32 cents in the same quarter last year [1] - Adjusted earnings per share were 11 cents, down from 46 cents a year ago, missing the Zacks Consensus Estimate of 33 cents [1] - Sales fell approximately 5.4% year over year to $5,100 million, also below the Zacks Consensus Estimate of $5,322.3 million [1] Segment Performance - Nutrien Ag Solutions (Retail) segment sales decreased by 7% year over year to $3,090 million, missing the estimate of $4,076.6 million [2] - Potash division sales declined by 8% year over year to $744 million, exceeding the estimate of $501.4 million [3] - Nitrogen segment sales were $954 million, up around 5% year over year, beating the estimate of $671.9 million [4] - Phosphate segment sales fell by approximately 18% year over year to $360 million, surpassing the estimate of $253.6 million [5] Financial Overview - At the end of the quarter, Nutrien had cash and cash equivalents of $895 million, an increase of about 80.4% year over year [6] - Long-term debt rose to $10,908 million, up nearly 22.4% year over year [6] Guidance - The company reiterated its 2025 guidance, expecting retail adjusted EBITDA to range from $1.65 billion to $1.85 billion [7] - Sales volumes are projected to be between 13.6-14.4 million tons of potash, 10.7-11.2 million tons of nitrogen, and 2.35-2.55 million tons of phosphate [7] - Depreciation and amortization are expected to total between $2.35 billion and $2.45 billion, with finance costs projected to range from $0.65 billion to $0.75 billion [7] Stock Performance - Nutrien's shares have decreased by 1.4% over the past year, contrasting with a 7.5% increase in the industry [8]