Mosaic Reports $257.6M Q1 Loss, Withdraws 2026 Phosphate Guidance
MOS•Mosaic posted a Q1 net loss of $257.6 million, compared with a $238.1 million profit last year, on a loss per share of $0.81 after $323 million in pre-tax charges. It withdrew 2026 phosphate production guidance as it curtails Louisiana and Brazilian operations and lowered 2026 capex guidance to $1.25B.
1. Q1 Financial Results
Mosaic reported a first-quarter net loss attributable to company of $257.6 million, reversing a $238.1 million profit in Q1 2025. Net sales rose to $2.998 billion from $2.620 billion, while adjusted EBITDA fell to $416 million from $544 million year-over-year.
2. Pre-tax Charges and Operational Impact
The company incurred $323 million of pre-tax notable items, including $442 million of charges related to idling the Araxa and Patrocinio phosphate operations, which drove adjusted net income per share down to $0.05 from $0.49 in the same quarter of 2025.
3. Guidance Withdrawal and Operational Curtailment
Mosaic withdrew its 2026 phosphate production guidance as part of a review of its operating plan, taking initial steps to curtail output at its Louisiana and Bartow facilities and scaling back additional production in Brazil.
4. Capex Guidance Adjustment
The company adjusted its full-year 2026 capital expenditure guidance to $1.25 billion, reflecting the scaled-back production plan and cost management measures.
