Nutrien Ltd. (NTR) Q1 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

and prospects contained forward-looking information. Certain assumptions were applied in making these conclusions and forecasts. Therefore, actual results could differ materially from those contained in our forward-looking information. Additional information about these factors and assumptions is contained in our quarterly report to shareholders, as well as our most recent annual report, MD&A, and annual information form. I will now turn the call over to Ken Seitz, Nutrient's President and CEO, and Mark Thompson, our CFO, for opening comments. Good morning. Thank you for joining us today as we review our Q1 performance, strategic priorities, and the outlook for our business. Nutrient's first quarter results were supported by the execution of operational efficiency and cost savings initiatives. We maintained our 2025 full-year guidance ranges as operating performance and capital allocation priorities are consistent with previous expectations. In recent months, geopolitical events and trade disruptions have created volatility in global financial markets. However, to this point, these issues have not impacted the outlook for our business. Fertilizer market fundamentals have strengthened, supported by strong global demand and tight supplies. Canadian fertilizer products that are critical for crop production and food security continue to move across the border tariff free. And our downstream retail network is well positioned on fertilizer and crop protection supplies to meet demand for the current growing season. US farmers intend to increase corn acres by approximately 5% in 2025, which is positive for crop input demand. We're seeing strong fertilizer application rates this spring, and our U.S. retail fertilizer sales volumes were up 8% in April compared to the same peri...