Edition:
United Kingdom

Nutrien Reports Solid Q3 Operating Results, Raises 2018 Guidance


Monday, 5 Nov 2018 

Nov 5 (Reuters) - Nutrien Ltd ::NUTRIEN REPORTS SOLID 3RD QUARTER OPERATING RESULTS; RAISES 2018 GUIDANCE, DIVIDEND AND SYNERGY TARGET.INCREASES QUARTERLY DIVIDEND BY 7.5 PERCENT.DECLARED A QUARTERLY DIVIDEND OF US$0.43 PER SHARE.NUTRIEN - RAISED 2018 GUIDANCE RANGE FOR POTASH SALES VOLUMES TO 12.5 MILLION TO 13.0 MILLION TONNES.QTRLY NET LOSS PER SHARE FROM CONTINUING AND DISCONTINUED OPERATIONS $1.70.NUTRIEN - INCREASED BOTTOM END OF 2018 POTASH ADJUSTED EBITDA GUIDANCE RANGE FROM $1.4 BILLION TO $1.5 BILLION.Q3 LOSS PER SHARE $1.74 FROM CONTINUING OPERATIONS.2018 NITROGEN EBITDA GUIDANCE HAS BEEN RAISED TO $1.15 BILLION TO $1.25 BILLION.REMAIN ON TRACK TO RECEIVE $5 BILLION IN NET PROCEEDS FROM SALE OF OUR EQUITY INVESTMENTS.INCREASING 2018 ADJUSTED NET EARNINGS GUIDANCE TO $2.60 TO $2.80 PER SHARE.QTRLY SALES $4,034 MILLION VERSUS $1,234 MILLION.ADJUSTED NET EARNINGS GUIDANCE FOR Q4 OF 2018 IS $0.46 TO $0.66 PER SHARE.Q3 REVENUE VIEW $3.80 BILLION -- THOMSON REUTERS I/B/E/S.EXPECT AN INCREASE IN NORTH AMERICAN CORN ACRES RELATIVE TO SOYBEANS, WHICH WOULD BE POSITIVE TO OVERALL CROP INPUT EXPENDITURES.NUTRIEN - SEES 2018 SUSTAINING CAPEX $$1.0 BILLION TO $1.1 BILLION.EXPECT GLOBAL NITROGEN SUPPLY/DEMAND BALANCE WILL REMAIN TIGHT INTO 2019.NUTRIEN - QTRLY ADJUSTED NET EARNINGS EXCLUDE A NEW BRUNSWICK POTASH NON-CASH IMPAIRMENT OF $1.8 BILLION ($2.15 PER SHARE).