Nutrien Ltd

Nutrien Ltd

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Market Cap$32.98B
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Compare to Similar Companies

P/E RatioDividendsReturn on EquityPrice-to-SalesDebt-to-Equity
Nutrien LtdNutrien Ltd13.83.19%9%1.20.6

Earnings Call Q1 2026

May 7, 2026 - AI Summary

Q1 performance strong; full-year guidance unchanged (despite Middle East disruption) - Management reiterated strategic priorities and that capital allocation and full-year guidance ranges remain unchanged. - Adjusted EBITDA (total): $1.1B (up/reflecting strong demand, higher global benchmark prices, and solid execution). - Segment highlights: - Retail adjusted EBITDA: $108M (noted seasonally slower quarter); guidance maintained at $1.75B–$1.95B. - Potash adjusted EBITDA: $578M driven by higher benchmarks + record volume. - Nitrogen adjusted EBITDA: $482M (benefiting from higher benchmarks; Trinidad/New Madrid volumes excluded per assumptions). - Phosphate adjusted EBITDA: $57M pressured by higher sulfur input costs.
Upstream volume + operational wins: record potash and improving nitrogen reliability - Potash: record sales volume >3.5M tonnes in Q1; confidence reinforced by global demand strength and low inventories. - Nitrogen: 92% ammonia operating rate in Q1; upgraded nitrogen product sales increased into agricultural markets (benefits from debottleneck projects). - Guidance maintained: - Potash shipments: 74M–77M tonnes (full year). - Nitrogen sales volume: 9.2M–9.7M tonnes (assumes planned turnarounds at 3 facilities in 2026). - Phosphate reliability improved: production volumes +20% YoY, but margins still pressured by input costs.
Retail outlook: confident but not changing guidance; demand resilient so far - Retail sees strong customer engagement and healthy crop input demand through the first ~4 months. - Guidance drivers/assumptions: - Corn and soybean prices provide some support (December corn hover ~ $5; soybeans strengthening). - Management maintained acreage expectations: corn 94–90M acres and soybeans 84–86M acres. - Key investor note (surprising/important): despite better commodity backdrop, Nutrien did not raise retail EBITDA guidance because the full planting season and weather/demand timing risks aren’t fully resolved yet. - Seasonality: reaffirmed ~70% of retail earnings typically occurs in 1H.

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$91.67

Target Price by Analysts

32.9% upsideNutrien Target Price DetailsTarget Price
$57.83

Current Fair Value

16.2% downside

Overvalued by 16.2% based on the discounted cash flow analysis.

Share Statistics

Market cap$32.98 Billion
Enterprise Value$46.19 Billion
Dividend Yield$2.19 (3.19%)
Earnings per Share$4.74
Beta1.1
Outstanding Shares481,260,000

Return

Return on Equity9.47%ROE
Return on Assets4.42%
Return on Invested Capital9.27%

Valuation & Multiples

P/E Ratio13.82P/E Ratio
PEG1.29PEG
Price to Sales1.21Price to Sales
Price to Book Ratio1.33Price to Book Ratio
Enterprise Value to Revenue1.66
Enterprise Value to EBIT12.23
Enterprise Value to Net Income19
Total Debt to Enterprise0.3
Debt to Equity0.55Debt to Equity

Revenue Sources

No data

Insider Trades

Last Earnings Call

Report Date
May 6, 2026
EPS Estimate
$0.48
Average shareholder expectation
Revenue Estimate
$5.30 B
Average shareholder expectation

Next Earnings Call

Expected Date
August 5, 2026
EPS Estimate
$2.93
Average shareholder expectation
Revenue Estimate
$10.71 B
Average shareholder expectation

Institutional Put/Call Ratio

Market sentiment based on institutional option activity.

Put/Call Ratio1.4879 87.68%
Total Calls4,207,777 43.01%
Total Puts6,260,556 10.02%

Institutional Ownership

Holdings and activity of institutional investors.

Ownership %64.05% 5.05%
Total Invested$23.58B 13.10%
Investors Holding790 77.00%

ESG Score

No data

About Nutrien Ltd

CEO: Charles Magro

Relevant Senate Committees

Joint Committee on Taxation

As the body responsible for technical analysis and revenue estimates of tax legislation, its work directly informs and influences all tax policy decisions, which profoundly affect Nutrien's corporate tax burden, investment incentives, and overall financial strategy.

Finance

This powerful committee controls taxation, trade policy, and tariffs. Changes in corporate tax rates, trade agreements, or tariffs on imported/exported fertilizers and raw materials can have a significant and direct impact on Nutrien's profitability and global competitiveness.

Appropriations

This committee directly allocates federal spending. Its subcommittees determine funding for USDA programs (influencing agricultural demand), environmental protection agencies (impacting regulatory compliance costs), and energy initiatives, all of which directly affect Nutrien's operating environment and customer base.

Agriculture, Nutrition, and Forestry

This committee is critically important as it directly oversees the Farm Bill, which shapes agricultural policy, subsidies, and commodity programs, thereby directly influencing demand for Nutrien's products and the financial health of its farmer customers.

Energy and Natural Resources

Nutrien's operations involve significant energy consumption (e.g., natural gas for nitrogen fertilizers) and extensive mining activities. Policies on national energy, public lands, and resource extraction directly impact its production costs and access to resources.

Environment and Public Works

Nutrien operates large-scale mining (potash, phosphate) and chemical processing facilities. Regulations from the EPA regarding emissions, water discharge, and hazardous waste directly impact its operational costs, permitting, and environmental compliance.

Foreign Relations

As a global company dealing in agricultural commodities like potash and nitrogen, Nutrien is highly susceptible to U.S. foreign policy, sanctions (e.g., affecting competitor nations like Russia/Belarus), and trade agreements that impact global supply chains and fertilizer prices.