Nutrien Ltd. reported fourth-quarter net income of $316 million, up from a year-ago loss of $48 million. The results also exceeded the Bloomberg Consensus of $93 million, which is the average estimate from major analysts. Nutrien also beat analyst projections for the year, posting net income of $459 million, versus $227 million. However, results were below the year-ago $992 million.
CF Industries Holdings Inc. reported fourth-quarter net income of $87 million, surpassing the year-ago $55 million as well the Bloomberg Consensus of $25 million, the average estimate from major analysts.
Nutrien Ltd. reports that it has taken down its Borger, Texas, nitrogen plant as a result of gas interruptions. The Geismar, La., plant is running but the company is closely monitoring gas supply for possible disruptions. Nutrien’s Aurora and White Springs phosphate sites are running without disruption, however, the feed operations have been affected by the weather.
Nutrien’s Canadian operations plants are currently running with the exception of the nitrogen plant in Fort Saskatchewan, where the company has moved up an outage that was originally planned for Q2 to address a few freeze-up issues.
