# Nutrien's "Margin Compression" Is Largely a 2022 Hangover, Not a Broken Business

> Nutrien's third-quarter adjusted EBITDA fell 8% to $1.31 billion, adjusted earnings per share dropped 37%, and phosphate earnings were sharply reduced by sulfur costs and inventory timing. The article attributes margin pressure largely to fertilizer prices retreating from their 2022–23 peaks, while noting low-cost potash production, nine-month EBITDA growth, and plans to close the high-cost White Springs phosphate mine.

- Date: 2026-11-09 · published 2026-11-09T09:14:11.716Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/89219-nutrien-s-margin-compression-is-largely-a-2022-hangover-not-a-broken-business
- Commodities: [Potash (KCl)](https://feedsoft.ai/c/POTASH.md), [DAP](https://feedsoft.ai/c/DAP.md)

## Why it matters

The results point to weaker fertilizer margins, particularly in phosphate, rather than a broad breakdown in production capacity. Lower margins may weigh on fertilizer market sentiment, though the article gives no new supply disruption or direct price signal.

## Read by commodity

- DAP: bearish ▼
- POTASH: neutral

## Sources

- ainvest.com: https://www.ainvest.com/news/nutrien-margin-compression-largely-2022-hangover-broken-business-2611/

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