Nutrien's second quarter revenue of $10.8B beats expectations, while adjusted EPS of $2.61 falls short.

Nutrien reported second quarter 2026 sales of $10.81 billion, up 4% year-over-year and slightly ahead of analyst estimates. However, adjusted earnings per share of $2.61 missed expectations and declined 2% from $2.65 in the prior-year period. The company cited higher global fertilizer benchmarks, but this strength was offset by lower fertilizer volumes and increased sulfur costs.

Key Highlights

• Full-year guidance was updated, raising the potash sales volume forecast to a range of 14.2 to 14.8 million tonnes and lowering the capital expenditures outlook to $1.95-$2.05 billion.
• Second quarter Potash adjusted EBITDA grew 4% year-over-year to $658 million, driven by higher global benchmark prices, while Nitrogen adjusted EBITDA declined 5% to $635 million on lower sales volumes.
• The company returned $848 million to shareholders in the first half of 2026 through dividends and share repurchases and noted an increased pace of buybacks into the third quarter.