Nutrien Ltd. (NTR) Q2 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

and welcome to Nutrien's 2025 good morning and welcome to Nutrien's second quarter 2025 various statements that we make about future expectations, plans and prospects contain 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 information for them. I will now turn the call over to Ken sites, Nutrien's president and CEO and Mark Thompson, our CFO for opening comments. Good morning. Thank you for joining us today as we review our performance in the first half of 2025. Progress on our strategic priorities and the outlook for our business. Our first half results featured record potash sales volumes and our net nitrogen operating rates, lower expenses, reduced capital expenditures and increased returns of cash to our shareholders. We raised our 2025 full year guidance for potash sales volumes while maintaining all other operational guidance ranges. At our investor day in June 2024, we communicated a pathway to structurally improve our earnings and free cash flow through strategic initiatives across the portfolio. We also shared key operational and financial targets to measure our progress. Our results through the first half of 2025 demonstrated significant progress towards achieving these goals. Starting with our upstream operating segments, we increased fertilizer sales volumes by more than 400,000 tons compared to the same period last year and realized higher net selling prices. These results highlight the capabilities of our world-clas...