Strong Q2 Performance and Full-Year Guidance: Nutrien reported a 40% increase in cash provided by operating activities and an 11% increase in adjusted EBITDA year-on-year, amounting to $2.5 billion in Q2. They raised their full-year global potash shipment forecast to 73 million to 75 million tonnes due to solid demand and increased visibility on orders, reflecting robust market fundamentals.

Record Potash and Nitrogen Operating Rates: The company achieved record sales volumes for potash (13.9 million to 14.5 million tonnes guidance) and maintained a 98% ammonia utilization rate in nitrogen operations. They cited an increase in fertilizer sales volumes by over 400,000 tonnes compared to the previous year, indicating strong operational execution and efficient supply chain management.

Focus on Cost Optimization: Nutrien is ahead of schedule on their $200 million cost savings target, successfully reducing expenses by 6% in the first half of 2025, with capital expenditures also down 18% year-on-year. This disciplined approach positions the company for enhanced free cash flow and shareholder returns.