Mosaic's Earnings and Revenues Surpass Estimates in Q3, Up Y/Y

Core Insights - The Mosaic Company reported earnings of $1.29 per share for Q3 2025, significantly up from 38 cents per share in the same quarter last year, with adjusted earnings per share at $1.04, surpassing the Zacks Consensus Estimate of 98 cents [1] - Net sales increased nearly 23% year over year to $3,452.1 million, exceeding the Zacks Consensus Estimate of $3,438.5 million [1] Segment Performance - Potash segment net sales reached $695 million, a 32% increase from the prior year, with sales volume at 2.3 million tons, slightly below the estimate of 2.4 million tons; gross margin improved to $104 per ton from $61 per ton, and average MOP selling price rose to $271 per ton from $215 per ton [3] - Phosphate division net sales were $1.3 billion, up from $1 billion year-over-year, with sales volume at 1.6 million tons, below the estimate of 2 million tons; gross margin decreased to $92 per ton from $96 per ton, while average DAP selling price increased to $714 per ton from $569 per ton [4] - Mosaic Fertilizantes segment net sales were $1.6 billion, up from $1.4 billion a year ago, with sales volume at 2.8 million tons, slightly down from 2.9 million tons; gross margin improved to $65 per ton from $44 per ton [5] Financial Position - At the end of the quarter, Mosaic had cash and cash equivalents of $153.3 million, a 46% decrease from the prior quarter; long-term debt was $3,372 million, up around 1% sequentially; net cash provided by operating activities was $228.5 million [6] Outlook - For Q4, Mosaic expects potash sales volumes between 2.3 and 2.6 million tons, with realized mine gate MOP prices projected at $270-$280 per ton; phosphate sales volumes are forecasted at 1.7-1.9 million tons, with DAP prices expected in the range of $700-$730 per ton [8] - For the full year 2025, phosphate production volumes are anticipated to be between 6.3 million and 6.5 million tons, while potash production is projected at 9.1 million to 9.4 million tons; Mosaic Fertilizantes sales volumes are expected to be in the 9.4-9.6 million ton range [9]