Nutrien(US:NTR)2022-05-12 18:02Financial Performance - Nutrien delivered strong Q1 2022 results, including net earnings of $1.4 billion [12], a significant increase of 941% compared to $133 million in Q1 2021 [18] - Adjusted EBITDA for Q1 2022 was $2.6 billion [14], up 224% from $806 million in Q1 2021 [18] - The company raised its full-year 2022 adjusted EBITDA guidance to a range of $14.5 to $16.5 billion [12] - Nutrien plans to return a minimum of $3 billion to shareholders through dividends and share repurchases in 2022 [12] - Adjusted net earnings per share increased by 831% to $2.70, and diluted net earnings per share increased by 1032% to $2.49 [15] Segment Performance - Retail adjusted EBITDA increased by 120% to $240 million in Q1 2022, compared to $109 million in Q1 2021 [18] - Potash adjusted EBITDA surged by 270% to $1.406 billion in Q1 2022, up from $380 million in Q1 2021 [18] - Nitrogen adjusted EBITDA increased by 232% to $995 million in Q1 2022, compared to $300 million in Q1 2021 [18] - Phosphate adjusted EBITDA increased by 146% to $239 million in Q1 2022, compared to $97 million in Q1 2021 [18] Market Dynamics and Outlook - The company is increasing potash production capability to approximately 15 million tonnes in 2022, a nearly 20% increase compared to 2020 [12] - Global potash demand is expected to be in the range of 60 to 65 million tonnes in 2022 [88] - Reduction of Eastern European exports has created significant supply tightness for fertilizers and crop commodities [52]