Mosaic's Third-Quarter Core Profit Likely to Miss Views Amid Cost Headwinds, RBC Says
MT newswire2026/10/05 15:3711:37 AM EDT, 10/05/2026 (MT Newswires) -- Mosaic's (MOS) third-quarter core profit is likely to fall short of Wall Street's expectations due to rising operational costs from phosphate production cuts and lower potash output, RBC Capital Markets said in a Monday report. For the ongoing quarter, RBC is projecting earnings before interest, taxes, depreciation, and amortization of $316.9 million for the fertilizer company, compared with the consensus of $363 million. For full-year 2026, the brokerage is looking at EBITDA of $1.51 billion, below the consensus of $1.58 billion. RBC is looking at third-quarter EPS of $0.06, compared with the FactSet-polled consensus of $0.05. In August, Mosaic Chief Executive Bruce Bodine said that the company had taken some measures amid sulfur availability and affordability challenges, including curbing phosphate production, cutting costs, and reducing capital expenditures. The company has lowered its 2026 capex budget to $1.20 from $1.25 billion previously. "Phosphate production remains curtailed due to margin pressures from high sulphur costs and elevated idled/fixed cost absorption due to temporary curtailments at Louisiana and Bartow," RBC analyst Andrew Wong wrote. RBC's third-quarter EBITDA estimate for Mosaic assumes phosphate sales of 1.3 million tons, compared with 1.4 million tons sold in the prior quarter, and the consensus of 1.2 million tons. The company had guided for third-quarter phosphate sales to be between 1.1 millions and 1.4 million tons. The brokerage is looking at third-quarter potash sales of 2.1 million tons, in line with the consensus, and compared with the 2 million tons sold in the second quarter. Mosaic has projected potash sales of 2.0 million tons to 2.2 million tons for the ongoing quarter. "In potash, market conditions and prices remained steady, but we forecast potash volumes at the lower-end of guidance due to market reports of Mosaic purchasing potash barges, which could indicate softer production in the quarter," Wong said. Taking into account pho
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
British Pound catches bid as BoE hawk warns inflation is embedded
AI Agents Ignite CPU Demand! Mizuho Estimates Market Size to Reach $209 Billion by 2030, Raises Target Prices for AMD (AMD.US), Intel (INTC.US), etc.
Mizuho stated that with the rapid increase in application scenarios for AI agents, server CPU demand is expected to grow significantly, which will further drive demand for DRAM, NAND, and server equipment.
Top Midday Stories: Google Strikes 20-Year Nuclear Power Deal With Constellation; Marvell Raises Revenue Guidance for 2026-27
11:45 AM EDT, 10/06/2026 (MT Newswires) -- All three major US stock indexes were up in late-morning trading Tuesday, as oil prices and Treasury yields were down. In company news, Alphabet's (GOOG, GOOGL) Google has entered into a 20-year deal with Constellation Energy (CEG) to add 890 megawatts of nuclear power to the PJM interconnection grid, the companies said Tuesday. The agreement will enable over $4.3 billion in investments in new equipment and technology at 11 Constellation nuclear facilities in Illinois, Pennsylvania and New Jersey, the companies said. Alphabet's Class C and Class A shares were up 0.3% and 0.6%, respectively, around midday. Constellation shares were up 13.7%. Marvell Technology (MRVL) now expects to generate revenue of $12 billion in 2026 and $18 billion in 2027, up from its previous guidance of a combined $20 billion over that period, Chairman and Chief Executive Matthew Murphy said Tuesday at a conference, according to a transcript. Marvell shares were up 7.0%. McKesson (MCK) and CD&R have entered into a definitive agreement to acquire Option Care Health (OPCH) for $32.05 per share, reflecting a total enterprise value of about $5.8 billion, the companies said Tuesday. After the deal closes, which is expected to occur in H1 2027, CD&R will hold a majority interest of 51% in Option Care Health, while McKesson will invest $1.4 billion to hold the remaining 49%, the companies said. McKesson shares were up 0.1%, while Option Care shares were up 32.7%. Uber Technologies (UBER) has agreed to acquire ezCater for $2.3 billion in cash, the ride-hailing company said Tuesday. The deal, expected to close in the coming months, will expand Uber's catering orders and give restaurants access to larger orders and more customers, the company said. Uber shares were down 0.4%. Energy Transfer (ET) said Tuesday it has entered into a definitive agreement to acquire Vaquero Midstream in a bolt-on deal valued at about $2.63 billion. The deal consideration will consist of $1.95 billion in cash and about 33.3 mill
Oil prices and the euro resonate, signaling an inflection point for major assets
Crypto prices
More
