Nutrien(US:NTR)2025-11-06 15:00Financial Performance - Nutrien delivered structural earnings growth in the first nine months of 2025 through record upstream fertilizer sales volumes, improved reliability and higher Retail earnings[12] - Net Earnings were $1717 million and Adjusted EBITDA was $4769 million[14] - Retail Adjusted EBITDA increased by 5%[14, 15] - Share repurchases increased by 42%[11] Strategic Initiatives and Divestitures - Nutrien is initiating a review of strategic alternatives for its Phosphate business to enhance long-term value[17] - An agreement was announced to sell the 50% equity interest in Profertil S A for approximately $06 billion, increasing expected gross proceeds from asset divestitures to approximately $09 billion over the last twelve months[18] Segment Results - Retail: Q3 2025 saw a 35% increase in Crop Nutrients gross margin and a 7% increase in Crop Protection Products gross margin[20] - Potash: Q3 2025 average net selling price increased by 30% and sales volumes decreased by 2%[33] - Nitrogen: Q3 2025 average net selling price increased by 20% and sales volumes increased by 15%[46] Guidance and Market Outlook - Potash sales volumes guidance for 2025 was raised, with a range of 140 to 145 million tonnes[59] - Retail adjusted EBITDA guidance was maintained, with a range of $168 billion to $182 billion[59] - Global potash shipments are expected to grow to between 74 and 77 million tonnes in 2026[69]