The Mosaic Company reported second quarter 2026 revenue of $2.8 billion, a 6% decrease year-over-year, and an adjusted diluted EPS of $0.13. While earnings per share surpassed analyst expectations, revenue and a key volume metric fell short amid challenging market conditions.
Key Highlights
- Adjusted EPS of $0.13 beat analyst estimates of $0.09, though this was down from $0.51 in the prior-year quarter.
- Potash sales volumes, a key investor focus, were 2.0 million tonnes, missing the 2.45 million tonne consensus and declining from 2.3 million tonnes a year ago.
- The company reduced its full-year 2026 capital expenditure outlook to $1.2 billion, down from the previous expectation of $1.25 billion, citing challenging business conditions.
- Phosphate and Mosaic Fertilizantes segments saw significant year-over-year declines in adjusted EBITDA, driven by lower volumes and higher raw material costs, leading to production curtailments.