Fertilizer company Mosaic reported an operating loss of $97 million for the third quarter of 2026, compared with a $36 million loss in the previous quarter and earnings of $340 million a year earlier, AgNavigator reports. Net loss narrowed to $72 million from $273 million in the second quarter, and net sales were $3.1 billion, against $2.8 billion in the previous quarter and $3.5 billion a year earlier.
The company attributed the weak result to ongoing concerns over the Strait of Hormuz and the Russia-Ukraine war’s effect on agricultural and energy infrastructure.
Phosphate and the South American business, Mosaic Fertilizantes, weighed most, with operating losses of $194 million and $21 million. Phosphate sales stayed at 1.4 million tons, down from 1.6 million tons a year earlier, and the company expects 1.3 million to 1.6 million tons in the fourth quarter.
For farmers watching input prices, the forward signal is that phosphate stripping margins are expected to fall further as higher-priced raw materials, including sulfur bought in the third quarter, feed into finished products. Mosaic Fertilizantes, with net sales of $1.3 billion against $1.6 billion a year earlier, is also expected to see lower adjusted earnings in the fourth quarter.
Potash held up better, earning $189 million against $195 million in the previous quarter on sales of 2.1 million tons.
“We aligned phosphate production with the availability of affordable sulfur, reduced costs, strengthened our financial position,” said President and CEO Bruce Bodine, adding that the actions position the company for stronger performance as conditions improve.
Photo: Rasbak / Wikimedia Commons (CC BY-SA 3.0)
Source: AgNavigator
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