Canadian potash producer reports Q1 earnings of US$139M

Steve Hansen, managing director and equity analyst at Raymond James, joins BNN Bloomberg to discuss Nutrien's earnings.

SASKATOON — Nutrien Ltd. reported net earnings of US$139 million during the first quarter, rising from US$19 million during the same period last year.

That amounted to diluted net earnings per share of 27 cents US, compared with two cents US during the prior-year quarter.

The Saskatoon-based company, which keeps its books in U.S. dollars, says its sales totalled US$6.05 billion, rising year-over-year from US$5.1 billion.

Nutrien says in its guidance that the conflict in the Middle East and geopolitical uncertainty have disrupted global fertilizer and energy markets.

The company says it anticipates relatively tight potash fundamentals throughout the year, with demand trends expected to test supply chain capabilities.

CEO Ken Seitz says the company delivered record potash sales volumes and stronger nitrogen retail performance during the first quarter.

This report by The Canadian Press was first published May 6, 2026.