Nutien Ltd., Saskatoon, reported net earnings from continuing operations of $741 million on sales of $8.14 billion, up from the year-ago $705 million and $7.35 billion.
The company said it has raised guidance based on firm market fundamentals and the rapid pace of synergy realization as well as a strong balance sheet.
Full-year adjusted earnings guidance has been raised to $2.40-$2.70 per share, up from $2.20-$2.60 and adjusted consolidated EBITDA to $3.7-$4 billion from $3.3-$3.7 billion.
Potash sales volumes have gone to 12.3-12.8 million mt from 12-12.5 million mt and Potash EBITDA to $1.4-$1.6 billion from $1.2-$1.4 billion.
Nitrogen sales volumes are now expected to be 10.3-10.7 million mt up from 10-10.4 million mt. EBITDA was raised to $1.1-$1.2 billion from $1-$1.2 billion.
Phosphate EBITDA guidance was raised to $0.2-$0.3 billion from $0.2-$0.25 billion.