# Nitrogen surge to lift CF, Nutrien earnings; Mosaic faces headwinds | Reuters

> CF Industries and Nutrien are expected to post combined first-quarter net income of about $619 million, up from $388 million a year earlier, according to LSEG data. The gains reflect higher nitrogen prices after Middle East gas disruptions tightened global supply.

- Date: 2026-05-04 · published 2026-05-04T12:00:00.000Z
- Category: geopolitics · region North America · magnitude low
- Page: https://feedsoft.ai/events/19580-nitrogen-surge-to-lift-cf-nutrien-earnings-mosaic-faces-headwinds-reuters
- Commodities: [Urea](https://feedsoft.ai/c/UREA.md), [Natural Gas](https://feedsoft.ai/c/NATGAS.md)

## Why it matters

Tighter Middle East nitrogen exports favor North American producers with cheaper gas inputs, supporting nitrogen fertilizer prices and farm input costs for feed producers.

## Read by commodity

- UREA: bullish ▲
- NATGAS: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| UREA | 2026-05-06 | [Nutrien posts higher profit as prices rise, flags tight nitrogen supply \| Reuters](https://feedsoft.ai/events/19582-nutrien-posts-higher-profit-as-prices-rise-flags-tight-nitrogen-supply-reuters.md) | -4.5% | -27.3% |
| UREA | 2022-08-02 | [Mosaic, CF Industries expect global fertilizer supply to remain tight \| Financial Post](https://feedsoft.ai/events/40373-mosaic-cf-industries-expect-global-fertilizer-supply-to-remain-tight-financial.md) | 0.0% | +17.2% |
| UREA | 2026-03-05 | [Farmers see fertiliser price surge as Iran war blocks exports, threatening losses \| Reuters](https://feedsoft.ai/events/6254-farmers-see-fertiliser-price-surge-as-iran-war-blocks-exports-threatening.md) | +3.0% | +20.1% |
| UREA | 2026-04-02 | [HLIB Research: Middle East tensions to lift near-term palm oil prices](https://feedsoft.ai/events/9476-hlib-research-middle-east-tensions-to-lift-near-term-palm-oil-prices.md) | +1.6% | -1.2% |
| UREA | 2022-08-01 | [India's GAIL rationing gas as former Gazprom unit cuts supplies \| Reuters](https://feedsoft.ai/events/40359-india-s-gail-rationing-gas-as-former-gazprom-unit-cuts-supplies-reuters.md) | 0.0% | +17.2% |
| NATGAS | 2026-10-29 | [Exclusive-QatarEnergy buys US, other LNG to hedge future Hormuz disruptions By Reuters](https://feedsoft.ai/events/1448-exclusive-qatarenergy-buys-us-other-lng-to-hedge-future-hormuz-disruptions-by.md) | -1.8% | — |
| NATGAS | 2020-03-09 | [U.S. shale producers rush to cut spending, output as oil prices tank](https://feedsoft.ai/events/4425-u-s-shale-producers-rush-to-cut-spending-output-as-oil-prices-tank.md) | +9.8% | -10.1% |
| NATGAS | 2024-08-26 | [Global Natural Gas Prices Seesaw Amid Increasing Supply Risks — LNG Recap](https://feedsoft.ai/events/29002-global-natural-gas-prices-seesaw-amid-increasing-supply-risks-lng-recap.md) | +5.6% | +30.5% |

## Sources

- reuters.com: https://www.reuters.com/business/nitrogen-surge-lift-cf-nutrien-earnings-mosaic-faces-headwinds-2026-05-04/

---
Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.