Mosaic Reports Q1 Net Loss, Withdraws Phosphate Production Guidance Amid High Sulfur Prices
MOS is trading near its 52-week low of $21.35 (0.4% above the low).
Summary
The Mosaic Company reported a Q1 net loss of $258 million and withdrew its phosphate production guidance due to high raw material costs and operational curtailments.
Key Events · Earnings and Guidance · MOS
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Significant Q1 Net Loss Reported
The company reported a net loss of $258 million, or $(0.81) diluted EPS, for the first quarter of 2026, a sharp reversal from a net income of $238 million in Q1 2025. Adjusted EBITDA declined to $416 million from $544 million in the prior year period.
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Phosphate Production Guidance Withdrawn
Mosaic withdrew its full-year phosphate production guidance for 2026 due to record sulfur prices and raw material constraints, initiating partial production curtailments in Louisiana, Bartow, and Brazil.
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Substantial Impairment Charges Impact Results
First quarter results included $442 million in pre-tax charges related to the idling of Araxa and Patrocinio operations in Brazil, exceeding the previously announced $350-400 million estimate.
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Capital Expenditure Guidance Reduced
The company adjusted its 2026 capital expenditure guidance to $1.25 billion, reflecting an optimized project portfolio and deferral of less-time sensitive spending.
Analysis · MOS · Industrial Applications And Services
The Mosaic Company reported a significant net loss for the first quarter, reversing a profit from the prior year. This loss was heavily impacted by substantial charges related to idling operations in Brazil, which were previously announced. More critically, the company withdrew its full-year phosphate production guidance due to record-high sulfur prices and raw material constraints, leading to immediate production curtailments. This indicates significant operational headwinds and uncertainty for a core business segment, especially as the stock trades near its 52-week low and the company faces a DOJ probe into the fertilizer market.
At the time of this filing, MOS was trading at $21.43 on NYSE in the Industrial Applications And Services sector, with a market capitalization of approximately $6.8B. The 52-week trading range was $21.35 to $38.23. This filing was assessed with negative market sentiment and an importance score of 8 out of 10.