
Mosaic swung into a net loss of $72.1 million in the third quarter of 2026 despite higher phosphate prices, with revenue falling to $3.10 billion from $3.45 billion a year earlier. The fertilizer maker cut phosphate output as raw material costs rose and sulfur became scarcer.
Mizuho lowered its price target from $22 to $20 and kept a Neutral rating.
Sulfur shortages curbing phosphate output keep DAP prices firm, which raises costs for feed and grain producers. The earnings miss shows margin pressure across the phosphate chain.
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