The Globe and Mail reports in its Thursday, Nov. 6, edition that Nutrien is putting its phosphate business up for sale. The Globe's Kate Helmore writes that Nutrien's phosphate division is valued at about $2.4-billion, according to RBC analysts (all figures U.S.). Nutrien operates six facilities in the U.S., making it North America's second-largest producer after Mosaic.
Phosphate is the smallest division of Nutrien, generating $384-million in adjusted earnings before interest, taxes, depreciation and amortization in 2024, while nitrogen and potash each exceeded $1.8-billion, and agricultural retail brought in $1.7-billion. The move, announced Wednesday with the release of Nutrien's third quarter earnings, is in keeping with Nutrien's commitment to streamline operations, pare back its portfolio and generate cash flow. Nutrien's primary phosphate market is North America, and it reaches farmers through the company's downstream network of agricultural retail operations. It owns 1,300 stores across North America, 200 in South America and 400 in Australia. Mosaic is the largest phosphate fertilizer producer in North America, supplying two-thirds used by American farmers, with Nutrien as the only other major producer.
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