Nutrien reported first-half adjusted EBITDA of $3.5 billion, up 6% from a year earlier, driven by record potash volumes and proprietary-product margin growth. The company raised its 2026 potash sales-volume guidance to 14.2 million to 14.8 million tons and maintained its global potash shipment forecast of 74 million to 77 million tons. Nitrogen segment adjusted EBITDA was $635 million in the second quarter, while retail adjusted EBITDA rose 4% to $1.24 billion in the first half, supported by a 10% increase in proprietary crop-nutrient gross margin. Nutrien cut its 2026 capital-expenditure guidance to $1.95 billion to $2.05 billion, increased its share-repurchase pace to about $75 million per month, and is evaluating strategic alternatives for its phosphate business, Trinidad nitrogen operations, and parts of its Brazilian retail business.
Nutrien LtdRaised potash outlook, cut capex, and increased buybacks.
