)
Nutrien (NTR) investor relations material
Nutrien Q3 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Achieved record upstream fertilizer sales volumes, improved reliability, and higher Retail earnings, driving structural earnings growth and increased cash returned to shareholders in the first nine months of 2025.
Advanced strategic objectives, including portfolio simplification and divestiture of non-core assets, generating $900 million in gross proceeds and enhancing free cash flow.
On track to achieve $200 million cost reduction target one year ahead of schedule, supporting higher shareholder returns.
Announced leadership transition in downstream retail business, effective end of 2025.
Initiated a strategic review of the Phosphate business to enhance long-term value, including potential reconfiguration, partnerships, or sale.
Financial highlights
Third quarter adjusted EBITDA reached $1.4 billion, up 42% year-over-year; nine-month adjusted EBITDA was $4.8 billion.
Net earnings for the first nine months were $1.7 billion; Q3 2025 net earnings were $469 million.
Potash segment delivered $733 million in Q3 adjusted EBITDA and $1.8 billion year-to-date, driven by higher net selling prices and near-record sales volumes.
Nitrogen segment generated $556 million in Q3 adjusted EBITDA and $1.6 billion year-to-date, benefiting from higher prices, volumes, and a 94% ammonia operating rate.
Retail segment achieved $230 million in Q3 adjusted EBITDA, up 52% year-over-year, and $1.4 billion year-to-date, with strong crop input demand and margin growth in proprietary products.
Outlook and guidance
Full-year potash sales volume guidance raised to 14–14.5 million tonnes, supported by strong offshore demand.
Nitrogen sales volume guidance set at 10.7–11 million tonnes, excluding Trinidad operations for the remainder of the year.
Retail adjusted EBITDA guidance narrowed to $1.68–$1.82 billion, reflecting business stability and higher crop nutrient sales.
Phosphate sales volume guidance: 2.35–2.55 million tonnes, with improved Q4 operating rates expected.
Expect continued growth in global potash shipments, with 2026 forecast at 74–77 million tonnes, and anticipate tight supply/demand balance in nitrogen and constructive pricing for potash and urea into 2026.
Next Nutrien earnings date
The essential earnings season companion
The #1 app for qualitative research. Live earnings calls, AI chat, transcripts, and more. All for free.
Live calls and transcripts
Listen to earnings calls, CMDs, investor conferences, and more – with a podcast-like experience.
Find what you need faster
Search for any keyword across all transcripts simultaneously.
Easily store key findings
Capturing important takeaways is as simple as it gets. Even during your lunch run or commute.
Your watchlist. Your dashboard.
Follow the companies that matter to you. Get a personalized feed with real-time updates.
Be the first to know
Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned.
Consensus estimates
Access analyst consensus estimates, valuation multiples, and revenue segments splits.
All IR material in one place
The easiest way to stay updated during earnings season.
Global coverage
All events from public companies. Live and recorded.
Just click and listen
No webcast links. No manual registrations.
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
I can't remember the last time an app had such a positive impact on my investment process.
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
I can't remember the last time an app had such a positive impact on my investment process.
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
Frequently asked questions
Mobile app: Research anytime, anywhere with the #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.
Desktop (Quartr Pro): The leading platform for qualitative research, used daily by top firms and financial institutions.
Quartr API: Build custom solutions powered by live earnings calls, live transcripts, filings and reports, slide presentations, and more.
Explore our global coverage
)
)