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Nutrien to Commence Share Buyback Following TSX Approval
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Key Takeaways
Nutrien received TSX approval to repurchase up to 5% of its outstanding common shares.
NTR expects 2026 retail adjusted EBITDA of $1.75-$1.95B on margin gains and higher volumes.
Nutrien forecasts 2026 potash volumes of 14.1-14.8 million tons.
Nutrien Ltd. (NTR - Free Report) recently announced that it has received approval from the Toronto Stock Exchange (TSX) to begin a normal course issuer bid (NCIB) to repurchase up to 5% of its issued and outstanding common shares. With this, Nutrien will be able to make purchases through the TSX, the NYSE and alternative trading systems in Canada and the United States.As of Feb. 17, 2026, Nutrien had 481,141,322 common shares outstanding, permitting it to repurchase up to 24,057,066 shares under the NCIB program.
Nutrien, which is among the prominent players in the fertilizer space, along with The Mosaic Company (MOS - Free Report) , CF Industries Holdings, Inc. (CF - Free Report) and Intrepid Potash, Inc. (IPI - Free Report) , said that share buybacks represent an attractive investment opportunity which will be in the best interest of investors and would align with the company’s objective of returning capital to shareholders over time.
Daily purchases on the TSX in connection with NCIB will be limited at 25% (or 430,107 shares) of the average daily trading volume of shares from Aug. 1, 2025, to Jan. 31, 2026 (or 1,720,429 common shares). Private agreements issued by a securities regulatory authority will be at a discount to the prevailing market price, as under the issuer bid exemption order. The NCIB is set to begin on March 3, 2026. NTR has entered into an automatic purchase plan to allow buybacks during blackout periods.
NTR missed fourth-quarter 2025 earnings but beat sales estimates. It provided a positive outlook. It expects retail adjusted EBITDA for 2026 to range from $1.75 to $1.95 billion, reflecting high-single digit growth in proprietary products gross margins, a mid-single digit increase in North American crop nutrient sales volumes, improved weather conditions in Australia and cost reduction initiatives across all geographies. Potash sales volumes are expected to be 14.1-14.8 million tons, in line with the company’s global shipment estimates. Nitrogen sales volumes are forecast at 9.2-9.7 million tons. Phosphate sales volumes are expected to be 2.4-2.6 million tons, supported by operational improvement actions.
Another prominent player in the fertilizer industry, MOS, expects potash sales volumes for the first quarter of 2026 to be between 2 million tons and 2.2 million tons. Phosphate sales volumes are forecast to be 1.7-1.9 million tons for the first quarter.Mosaic Fertilizantes’ sales volumes for the first quarter of 2026 are projected to be below the prior-year quarter.
For 2026, another industry leader, CF Industries, projects the global nitrogen outlook to remain positive in the near term, supported by strong demand and tight supply. India and Brazil will remain the world’s largest importers of urea, driving robust consumption, while inventories remain below historical averages.
Intrepid Potash saw a 15% increase in potash sales volumes to 62,000 tons in the third quarter. The solid increase in Intrepid Potash’s sales volumes was driven by a rise in production. IPI expects solid fertilizer demand driven by an improvement in the agriculture market and strong potash market fundamentals. IPI is slated to report fourth-quarter results on March 4.
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Nutrien to Commence Share Buyback Following TSX Approval
Key Takeaways
Nutrien Ltd. (NTR - Free Report) recently announced that it has received approval from the Toronto Stock Exchange (TSX) to begin a normal course issuer bid (NCIB) to repurchase up to 5% of its issued and outstanding common shares. With this, Nutrien will be able to make purchases through the TSX, the NYSE and alternative trading systems in Canada and the United States.As of Feb. 17, 2026, Nutrien had 481,141,322 common shares outstanding, permitting it to repurchase up to 24,057,066 shares under the NCIB program.
Nutrien, which is among the prominent players in the fertilizer space, along with The Mosaic Company (MOS - Free Report) , CF Industries Holdings, Inc. (CF - Free Report) and Intrepid Potash, Inc. (IPI - Free Report) , said that share buybacks represent an attractive investment opportunity which will be in the best interest of investors and would align with the company’s objective of returning capital to shareholders over time.
Daily purchases on the TSX in connection with NCIB will be limited at 25% (or 430,107 shares) of the average daily trading volume of shares from Aug. 1, 2025, to Jan. 31, 2026 (or 1,720,429 common shares). Private agreements issued by a securities regulatory authority will be at a discount to the prevailing market price, as under the issuer bid exemption order. The NCIB is set to begin on March 3, 2026. NTR has entered into an automatic purchase plan to allow buybacks during blackout periods.
NTR missed fourth-quarter 2025 earnings but beat sales estimates. It provided a positive outlook. It expects retail adjusted EBITDA for 2026 to range from $1.75 to $1.95 billion, reflecting high-single digit growth in proprietary products gross margins, a mid-single digit increase in North American crop nutrient sales volumes, improved weather conditions in Australia and cost reduction initiatives across all geographies. Potash sales volumes are expected to be 14.1-14.8 million tons, in line with the company’s global shipment estimates. Nitrogen sales volumes are forecast at 9.2-9.7 million tons. Phosphate sales volumes are expected to be 2.4-2.6 million tons, supported by operational improvement actions.
Another prominent player in the fertilizer industry, MOS, expects potash sales volumes for the first quarter of 2026 to be between 2 million tons and 2.2 million tons. Phosphate sales volumes are forecast to be 1.7-1.9 million tons for the first quarter.Mosaic Fertilizantes’ sales volumes for the first quarter of 2026 are projected to be below the prior-year quarter.
For 2026, another industry leader, CF Industries, projects the global nitrogen outlook to remain positive in the near term, supported by strong demand and tight supply. India and Brazil will remain the world’s largest importers of urea, driving robust consumption, while inventories remain below historical averages.
Intrepid Potash saw a 15% increase in potash sales volumes to 62,000 tons in the third quarter. The solid increase in Intrepid Potash’s sales volumes was driven by a rise in production. IPI expects solid fertilizer demand driven by an improvement in the agriculture market and strong potash market fundamentals. IPI is slated to report fourth-quarter results on March 4.