Nutrien

NTR Q2 2025 Earnings

Reported Aug 6, 2025 at 5:47 PM ET · SEC Source

Q2 25 EPS

$2.65

BEAT +9.66%

Est. $2.42

Q2 25 Revenue

$10.44B

MISS 0.09%

Est. $10.45B

vs S&P Since Q2 25

+19.2%

BEATING MARKET

NTR +33.1% vs S&P +14.0%

Market Reaction

Did NTR Beat Earnings? Q2 2025 Results

Nutrien posted a strong second quarter of 2025, with adjusted earnings per share of $2.65 beating the analyst consensus of $2.42 by 9.66%, even as revenue of $10.44 billion came in just fractionally below estimates and grew 2.8% year over year. The o… Read more Nutrien posted a strong second quarter of 2025, with adjusted earnings per share of $2.65 beating the analyst consensus of $2.42 by 9.66%, even as revenue of $10.44 billion came in just fractionally below estimates and grew 2.8% year over year. The outperformance on the bottom line was driven largely by a record quarter in Potash, where sales volumes hit 3,989 thousand tonnes and adjusted EBITDA surged to $630.00 million from $472.00 million a year earlier, helped by a meaningful rise in average net selling prices to $248 per tonne from $212. The Nitrogen segment also contributed, with a record 98% ammonia operating rate lifting adjusted EBITDA to $667.00 million. Despite the earnings beat, shares slipped as investors weighed higher unit production costs and potash price concerns, though management signaled confidence by raising full-year Potash sales volume guidance to 13.9 to 14.5 million tonnes, citing stronger global demand, persistent supply disruptions, and project delays across the industry.

Key Takeaways

  • Record Potash sales volumes supported by strong global demand and potash affordability
  • Record ammonia operating rate of 98% in H1 2025 through improved reliability
  • Higher fertilizer net selling prices across all upstream segments
  • Six percent reduction in Retail selling and general and administrative expenses
  • Higher crop nutrient volumes in North America
  • Lower foreign exchange losses vs Q2 2024 ($22M vs $285M)
24/7 Wall St

NTR YoY Financials

Q2 2025 vs Q2 2024, source: SEC Filings

24/7 Wall St

NTR Revenue by Segment

With YoY comparisons, source: SEC Filings

Q2 25 Q1 26
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NTR Revenue by Geography

With YoY comparisons, source: SEC Filings

Q3 25 Q1 26

“Nutrien delivered growth in earnings and cash flow in the first half of 2025, demonstrating strong operational performance and execution on our strategic priorities. We sold record Potash sales volumes, increased Nitrogen operating rates and lowered expenses, while further optimizing capital expenditures and consistently returning cash to shareholders.”

— Ken Seitz, Q2 2025 Earnings Press Release