Nutrien Delivers Excellent First Quarter Results; Expects Strong Spring Season & Raises Annual Guidance
Nutrien Ltd. announced today its first-quarter 2021 results, with net earnings of $133 million . First-quarter adjusted net earnings 1 were $0.29 per share and adjusted EBITDA 1 was $806 million. “Our earnings and free cash flow 1 results highlight the strength of our integrated business model, execution of strategic initiatives and the recovery in global agricultural markets. Nutrien delivered a record first … Nutrien Ltd. (TSX and NYSE: NTR) announced today its first-quarter 2021 results, with net earnings of $133 million ($0.22 diluted earnings per share). First-quarter adjusted net earnings 1 were $0.29 per share and adjusted EBITDA 1 was $806 million.
Strong Execution and Improved Market Conditions Set up 2021 and Beyond | 0 Nutrien Ltd. (TSX and NYSE: NTR) announced today its fourth quarter and full year 2020 results, with fourth-quarter net earnings of $316 million ($0.55 diluted earnings per share). Fourth-quarter adjusted net earnings
1 were $0.24 per share and adjusted EBITDA
1 was $768 million. “Nutrien reported excellent results across our entire business. Our Retail Ag Solutions business delivered a record fourth quarter and we also reported higher potash and nitrogen sales volumes and lower production costs. Agriculture fundamentals began to improve in late 2020 and we are starting to see the benefit to our business from this cyclical recovery,” commented Chuck Magro, Nutrien’s
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Nutrien to sell 100% of its stake in Egypt’s Mopco
CAIRO, December 20, 2020 Canada-based Nutrien, a global provider of crop inputs and services, said it will sell 100% of its stake in Misr Fertilizers Production Company (Mopco) in Egypt for $540 million and settle all arbitration claims. Nutrien said it would sell 59.57 million shares of Mopco and upon closing settle all arbitration claims it had made against the government of Egypt and Mopco’s affiliate, the Egyptian Nitrogen Products Co SAE. Total proceeds resulting from the sale of shares as well as the settlements amongst the parties are expected to be received in full upon close before the end of December 2020. This investment has historically contributed $15 to $20 million per year to Nutrien’s Adjusted EBITDA. –
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Nutrien Announces Agreement for Sale of Equity Position in MOPCO and Settlement of All Arbitration Claims
December 18, 2020 GMT
SASKATOON, Saskatchewan (BUSINESS WIRE) Dec 18, 2020
Nutrien Ltd. (NYSE, TSX: NTR)(“Nutrien”) announced today that, through one of its wholly-owned subsidiaries, it has entered into an agreement with the Government of Egypt (through the Egyptian Ministries of Finance and Petroleum) to sell 100% of its stake in Misr Fertilizers Production Company S.A.E. (MOPCO) totaling 59,573,922 ordinary MOPCO shares and upon closing to settle all arbitration claims it has made against the Government of Egypt and MOPCO’s affiliate, the Egyptian Nitrogen Products Company S.A.E. Total gross proceeds resulting from the sale of shares as well as the settlements amongst the parties total $540 million, which, subject to customary closing conditions, are expected to be received