Nutrien stock falls as Belarus potash deal threatens prices

Published on 09/22/2026 at 16:04 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Nutrien stock closed at USD 74.54 on September 22, 2026, down 3.31 percent. Second-quarter revenue reached USD 10.81 billion, while EPS missed consensus.

NTR, CA67077M1086, Illustration mit AI erstellt.

Nutrien Ltd. (CA67077M1086) closed at USD 74.54 on the NYSE on September 22, 2026, down 3.31 percent from the USD 77.09 prior close. The decline followed renewed concern that a potential Belarus potash agreement could increase competition in the fertilizer market.

Belarus raises potash risk

As IBTimes Singapore reported on September 22, 2026, US fertilizer shares fell after President Donald Trump said the United States was working on a deal to buy Belarusian potash at prices below current Canadian supply costs. The report said the announcement provided no final details on volume, timing or terms.

The market reaction therefore reflects a potential supply risk rather than a completed contract. According to NAI500 on September 22, 2026, Nutrien expects global potash shipments of 74 million to 77 million tonnes in 2026, while demand is already testing production and logistics capacity.

Second-quarter numbers mixed

Nutrien reported USD 10.81 billion in revenue for the second quarter of 2026, up 3.6 percent year over year, according to MarketBeat on September 22, 2026. Earnings per share came in at USD 2.61, below the USD 2.70 consensus estimate and below USD 2.65 in the same quarter of 2025.

The earnings contrast is important for the stock: revenue exceeded the USD 10.44 billion analyst expectation, but per-share earnings missed by USD 0.09. NAI500 also reported second-quarter adjusted EBITDA of USD 2.4 billion, record first-half potash sales and a higher full-year sales-volume outlook on September 22, 2026.

Stock remains below yearly high

Nutrien's NYSE share price of USD 74.54 on September 22, 2026, stood USD 10.82 below the 52-week high of USD 85.36 and USD 21.51 above the 52-week low of USD 53.03. Market capitalization was USD 35.571 billion and volume reached 5,549,136 shares on the same date, according to the market quotation.

Analyst expectations remain close to the market price. Yahoo Finance listed an average target of USD 76.90 and showed RBC Capital maintaining an Outperform rating with an USD 85 target on September 18, 2026. The average target was USD 2.36 above the closing price, while the RBC target was USD 10.46 higher.

Dividend date adds a checkpoint

MarketBeat reported on September 22, 2026, that shareholders of record on September 29, 2026, are scheduled to receive a quarterly dividend of USD 0.55 per share, with payment planned for October 16, 2026. The dividend date gives the stock a defined near-term corporate checkpoint as potash supply concerns compete with Nutrien's operating momentum.