Nutrien Ltd. (TSX and NYSE: NTR) has declared a quarterly dividend of US$0.55 per share, reinforcing its commitment to returning capital to investors. The Board of Directors approved the payment, which will be distributed on October 16, 2026, to shareholders who held common shares on the record date of September 29, 2026. This declaration provides clarity on cash returns for the quarter, allowing investors to plan accordingly regarding currency exposure and payment timing.

The dividend distribution mechanism varies by shareholder residency and holding structure. Registered shareholders resident in Canada, as reflected in Nutrien’s register, along with beneficial holders whose intermediaries participate in CDS Clearing and Depositary Services Inc. or its nominee CDS & Co., will receive payments in Canadian dollars. The conversion rate is determined by the Bank of Canada daily average exchange rate on September 29, 2026. Conversely, registered shareholders outside Canada, including those in the United States, and beneficial holders using The Depository Trust Company or its nominee Cede & Co., will receive dividends in US dollars.

Registered shareholders have the flexibility to elect a different currency for their dividend payments, choosing between US dollars or Canadian dollars as applicable. Nutrien also offers direct deposit via electronic funds transfer for registered shareholders seeking automated payment processing. These elections can be made by contacting Computershare Investor Services Inc., Nutrien’s registrar and transfer agent, at 1-800-564-6253 or service@computershare.com .

Beneficial shareholders, who hold shares through brokers or other intermediaries, must contact their respective intermediaries to determine eligibility and procedures for changing the currency of their dividend payments. This distinction ensures that while registered holders manage their preferences directly with the transfer agent, beneficial holders rely on their custodians to facilitate such requests.

Under subsection 89(14) of the Income Tax Act (Canada), all dividends paid by Nutrien are designated as eligible dividends. This classification may offer tax advantages to Canadian residents, aligning the payout with favorable tax treatments for qualified income. Investors are advised to consult their tax advisors regarding the specific implications of this designation on their individual tax positions.

For further details on historical dividend information and investor resources, Nutrien directs stakeholders to www.nutrien.com/investors/nutrien-historical-dividend . The company continues to prioritize investments that strengthen its position across the agricultural value chain, supporting long-term value creation for growers and shareholders alike.

Nutrien Ltd. reported second-quarter 2026 adjusted net earnings per share of $2.61, missing the revised analyst consensus estimate of $2.93 by 10.92 percent. While earnings per share declined 1.51 percent from $2.65 in the prior-year period, consolidated sales reached $10.812 billion, beating the $10.306 billion estimate by 4.91 percent and rising 3.58 percent year-over-year. The widening gap between the earnings miss and sales beat underscores significant margin compression, driven by elevated sulfur costs and lower nitrogen volumes, despite robust top-line growth fueled by record potash sales and higher global fertilizer benchmarks.

Consolidated Financial Performance

Consolidated sales for the second quarter of 2026 reached $10,812 million, a 4% increase compared to $10,438 million in the second quarter of 2025. For the six months ended June 30, 2026, sales grew 8% to $16,858 million from $15,538 million in the comparable prior-year period. Net earnings were $1.22 billion, down 1% from $1.229 billion in Q2 2025, while adjusted EBITDA was $2.43 billion, a 2% decrease from $2.486 billion. Diluted net earnings per share stood at $2.53, up 1% from $2.50 in the prior-year quarter.

Segment Results

Potash

Potash adjusted EBITDA increased to $658 million in the second quarter, reflecting higher global benchmarks and record first-half sales volumes. Controllable cash cost of product manufactured was maintained below $60 per tonne, specifically at $55 per tonne in both Q2 2026 and Q2 2025. Sales volumes totaled 3,943 thousand tonnes in Q2 2026, slightly below the 3,989 thousand tonnes in Q2 2025, but first-half volumes reached a record 7,453 thousand tonnes.

Retail and Nitrogen

Retail adjusted EBITDA was $1,131 million in Q2 2026, down from $1,149 million in the prior-year period, driven by higher proprietary products gross margins partially offset by lower crop nutrient sales volumes. Nitrogen adjusted EBITDA decreased to $635 million from $665 million, reflecting lower sales volumes due to no production from the Trinidad and New Madrid facilities.

Phosphate

Phosphate adjusted EBITDA decreased significantly to $23 million in Q2 2026 from $92 million in the prior-year period, primarily due to higher sulfur input costs.

What the Numbers Show

The earnings miss against a higher analyst expectation highlights severe margin pressure rather than volume weakness. While sales grew 4% year-over-year, driven by higher selling prices in potash and retail, the bottom line suffered from specific cost headwinds. Increased sulfur costs impacted phosphate margins heavily, and nitrogen volumes dropped due to facility shutdowns. This suggests that while demand remains robust (evidenced by the sales beat), input cost volatility and operational disruptions are currently constraining profitability growth more than previously anticipated by analysts.

Shareholder Returns and Guidance

Nutrien returned $848 million to shareholders in the first half of 2026 through dividends and share repurchases. The company updated its full-year 2026 guidance, raising potash sales volume guidance to 14.2–14.8 million tonnes and lowering capital expenditure guidance to $1.95–$2.05 billion.