Nutrien demonstrated strong performance with record potash volumes, significant retail EBITDA growth, and accelerated cost savings. However, challenges such as lower fertilizer prices, phosphate EBITDA decline, and tariff uncertainties persisted. Overall, the positive achievements slightly outweigh the lowlights.

Company Guidance

During Nutrien's 2024 Fourth Quarter Earnings Call, the company provided guidance on various financial metrics and strategic goals. Nutrien achieved an adjusted EBITDA of $5.4 billion for 2024, despite lower fertilizer prices, due to increased downstream retail earnings, higher upstream fertilizer volumes, and reduced costs. Retail adjusted EBITDA reached $1.7 billion, marking a 16% increase over the previous year, driven by stronger-than-expected crop protection margins in North America and improvements in Brazilian retail performance. The company also reported a 7% reduction in potash controllable cash cost per tonne due to increased production and automation efforts. For 2025, Nutrien forecasts global potash shipments between 71 million to 75 million tonnes and anticipates U.S. corn acreage to rise to 91 to 93 million acres. The company set an annual potash sales volume guidance of 13.6 to 14.4 million tonnes, reflecting uncertainties such as potential tariffs on Canadian exports. Additionally, Nutrien aims to achieve $200 million in annual cost savings by 2025, a year ahead of schedule, and plans capital expenditures of $2 billion to $2.1 billion. The company continues to focus on strategic investments, share repurchases, and maintaining a stable and growing dividend.

Record Potash Volumes

Nutrien sold record potash volumes and progressed nitrogen brownfield expansions at two North American sites.

Retail Adjusted EBITDA Growth

Retail adjusted EBITDA totaled $1.7 billion, up 16% from the prior year, driven by stronger-than-expected crop protection margins in North America and improved Brazilian retail performance.

Cost Savings Acceleration

Nutrien accelerated the timeline for achieving $200 million in annual cost savings, expecting to achieve this target in 2025, one year earlier than initially planned.

GHG Emissions Reduction

Achieved a 15% reduction in total Scope 1 and 2 GHG emissions intensity in 2024 compared to the 2018 base year.

Dividend Growth

The dividend per share has been increased seven times since the beginning of 2018, with a total increase of 36%.

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Nutrien (TSE:NTR) Earnings, Revenues Date & History

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TSE:NTR Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
May 07, 2025	2025 (Q1)	0.55 / -	0.63	―	―	―
Feb 19, 2025	2024 (Q4)	0.47 / 0.44	0.5	-12.00% (-0.06)
Nov 06, 2024	2024 (Q3)	0.63 / 0.54	0.483	12.01% (+0.06)
Aug 07, 2024	2024 (Q2)	3.00 / 3.22	3.382	-4.88% (-0.17)
May 08, 2024	2024 (Q1)	0.52 / 0.63	1.496	-57.89% (-0.87)
Feb 21, 2024	2023 (Q4)	0.85 / 0.50	2.717	-81.60% (-2.22)
Nov 01, 2023	2023 (Q3)	0.83 / 0.48	3.446	-85.98% (-2.96)
Aug 02, 2023	2023 (Q2)	3.66 / 3.38	7.521	-55.03% (-4.14)
May 10, 2023	2023 (Q1)	2.00 / 1.50	3.47	-56.89% (-1.97)
Feb 15, 2023	2022 (Q4)	3.44 / 2.72	3.136	-13.36% (-0.42)

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

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TSE:NTR Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Feb 19, 2025	C$74.60	C$75.30	+0.94%
Nov 06, 2024	C$68.20	C$67.01	-1.75%
Aug 07, 2024	C$63.23	C$61.76	-2.32%
May 08, 2024	C$73.60	C$76.92	+4.52%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

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