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Mosaic falls after Q1 profit miss, withdraws 2026 phosphate forecast

ReutersMay 11, 2026 11:26 AM
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Shares of fertilizer maker Mosaic MOS.N fall 4.7% to $21.15 premarket

MOS posts Q1 adjusted profit of 5 cents/share vs estimate of 24 cents/share - data compiled by LSEG

Company withdraws its phosphate production guidance for 2026 as it reviews its operating plan for the rest of the year

MOS to partially curtail production at Louisiana and Bartow and is scaling back additional production in Brazil

Company adjusts its 2026 capex forecast to $1.25 billion from about $1.5 billion previously

MOS reports Q1 loss of $258 million, compared with year-ago profit of $238 million

Up until last close, stock down 7.9% YTD

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