Nutrien's Cost-Advantaged Fertilizer Production Should Grow Profits as Unit Production Costs Fall
Nutrien reported strong third-quarter results, as adjusted EBITDA grew roughly 77% year on year to $839 million. This was supported by higher fertilizer prices that led to greater profits across the three wholesale fertilizer segments. We've increased our near-term potash production forecast based on management's revised guidance. Additionally, we've lowered our long-term potash unit production cost forecast to include the cost savings from Nutrien's permanent closure of the New Brunswick potash...Nutrien Ltd is Canada-based crop nutrient producer and distributer of potash, nitrogen and phosphate products for agricultural, industrial and feed customers worldwide. The Company is focused on retail, potash, nitrogen and phosphate mining and processing operations. The Company's retail operations serve growers in a number of countries across the United States, Canada, South Africa, Australia and South America. The Company operates six potash mines in Saskatchewan and has a mine in New Brunswick in care-and-maintenance mode. The Company operates integrated phosphate mining and processing facilities, as well as a number of smaller upgrading plants in the United States.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
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