Earnings Preview: CF 2Q Net Income Expected to Quadruple; Mosaic Triple, Nutrien Nearly So

Major fertilizer companies are expected to see a huge increases in second-quarter earnings over the year-ago period, with the Bloomberg Consensus, the average estimates from major analysts, seeing a quadrupling for CF Industries Holdings Inc. to $1.3 billion, up from the year-ago $246 million.

The Mosaic Co. is expected to triple net income to $1.4 billion from $437.2 million, while Nutrien Ltd. will almost triple net income to $3.16 million versus the year-ago $1.11 million.

CF and Mosaic are scheduled to release earnings after markets close on Aug. 1, and Nutrien on Aug. 3.

Mosaic 2Q-22 Bloomberg Consensus 2Q-21 Actual
Revenues $5.67 billion $2.8 billion
Net Income $1.4 billion $437.2 million
Adj. EBITDA $2.18 billion $829 million
Nutrien 2Q-22 Bloomberg Consensus 2Q-21 Actual
Revenues $14.6 billion $9.76 billion
Net Income $3.16 billion $1.11 billion
Adj. EBITDA $4.9 billion $2.2 billion
CF 2Q-22 Bloomberg Consensus 2Q-21 Actual
Revenues $3.5 billion $1.59 billion
Net Income $1.3 billion $246 million
Adj. EBITDA $1.87 billion $599 million