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Sep 30
Nutrien Q3 2025 Earnings Report
Nutrien reported a net income of $469 million and strong sales of $6 billion in Q3 2025, driven by improved fertilizer pricing, record offshore potash volumes, and higher Retail earnings.
Key Takeaways
Nutrien posted solid Q3 2025 results with net earnings of $469 million, supported by strong operational execution across all major segments and record fertilizer shipments. Retail performance improved through cost savings, while Nitrogen and Potash benefited from higher prices and volumes.
Generated net income of $469 million and adjusted EPS of $0.97.
Potash segment delivered record offshore sales and EBITDA of $733 million.
Nitrogen segment posted $556 million in EBITDA driven by strong ammonia demand and a 94% ammonia operating rate.
Retail EBITDA increased to $230 million, aided by lower operating expenses and higher proprietary margins.
Nutrien
Nutrien
Nutrien Revenue by Segment
Nutrien Revenue by Geographic Location
Revenue by Segment
Retail Revenue
CapyFin.comPotash Revenue
CapyFin.comNitrogen Revenue
CapyFin.comPhosphate Revenue
CapyFin.comRevenue by Geographic Location
North America Revenue
CapyFin.comOffshore Revenue
CapyFin.com Forward Guidance
Nutrien reaffirmed its outlook for 2025 with expectations of strong global fertilizer demand and updated its segment volume guidance to reflect continued offshore potash strength and tight nitrogen markets.
Positive Outlook
- 2025 global potash shipment forecast remains strong at 73–75 million tonnes.
- 2026 potash shipment forecast increased to 74–77 million tonnes due to affordability and low inventories.
- Global nitrogen demand expected to grow by 2% in 2025.
- Retail adjusted EBITDA guidance maintained at $1.68–$1.82 billion.
- Higher crop input demand expected in North America and Brazil.
Challenges Ahead
- Trinidad Nitrogen facility shutdown due to port access uncertainty.
- Weaker affordability impacts phosphate demand despite tight supply.
- Lower international crop nutrient sales in Retail due to South America strategy shifts.
- Sulfur input costs pressured phosphate margins.
- Dry weather in Australia impacted crop protection sales.