Nutrien forecasts 2026 retail adjusted EBITDA of $1.75 billion-$1.95 billion
NTR•2026 guidance and operating outlook
- Nutrien set 2026 guidance: retail adjusted EBITDA USD 1.75-1.95 billion; capital expenditures USD 1.95-2.05 billion.
- Forecast potash sales volumes 14-14 million tonnes; nitrogen 9-10 million tonnes; phosphate 2-2 million tonnes.
- Expected depreciation and amortization USD 2.4-2.5 billion; finance costs USD 650-750 million; effective tax rate on adjusted net earnings 24-26%.
- Maintained 2026 global potash shipment outlook at 74-77 million tonnes, versus 2025 estimated demand of 75 million tonnes.
- 2026 sensitivities: USD 25/t potash price move shifts adjusted EBITDA by USD 280 million; USD 1/MMBtu NYMEX gas move by USD 180 million.
