Nutrien Ltd., Saskatoon, said June 22 that it has increased its first-half 2021 earnings guidance given the strength in global fertilizer markets and strong operational results. First-half 2021 adjusted net earnings per share (EPS) is expected to be $2.30 to $2.50, up from the previous guidance of $2.00 to $2.20.
In addition, in response to continued tightening in global potash market conditions, Nutrien plans to produce another half a million mt of potash, which is in addition to the half a million mt increase announced on June 7, 2021. As a result, it now expects to produce 1 million mt of incremental potash in 2021 compared to expectations earlier this year. The majority of the increased production is expected to occur in the fourth quarter, with some of these additional mt expected to be sold in early 2022.