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This statistic highlights Nutrien’s Revenue Breakdown Worldwide, split between four key segments namely Retail Ag Solution, Potash, Nitrogen, Phosphate and Other Miscellaneous Items, reported from Q1 2016 onwards.
Segment | 2022 Q1 | 2022 Q2 | 2022 Q3 | 2022 Q4 | 2023 Q1 | Contribution in 2023 Q1 |
Phosphate | 563,000,000 | 514,000,000 | 567,000,000 | 429,000,000 | 446,000,000 | 7.09% |
Ag solutions (Retail) | 3,861,000,000 | 9,422,000,000 | 3,980,000,000 | 4,087,000,000 | 3,422,000,000 | 54.42% |
Nitrogen | 1,836,000,000 | 1,880,000,000 | 1,507,000,000 | 1,541,000,000 | 1,418,000,000 | 22.55% |
Potash | 1,850,000,000 | 2,668,000,000 | 2,004,000,000 | 1,377,000,000 | 1,002,000,000 | 15.94% |
Total Revenue | 8,110,000,000 | 14,484,000,000 | 8,058,000,000 | 7,434,000,000 | 6,288,000,000 | 100.00% |
Revenue Breakdown in Q1 2023
In Q1 2023, Nutrien Ltd generated a total revenue of $6,049,000,000, with the following contributions from its segments:
Ag Solutions (Retail)
The Ag Solutions segment emerged as the primary revenue driver, contributing 57% to the total revenue. Despite a decline in adjusted EBITDA due to lower sales volumes and margins, Nutrien achieved growth in its high-value proprietary products portfolio, showcasing its focus on providing comprehensive retail solutions for crop nutrients and protection.
Nitrogen
The Nitrogen segment played a significant role, contributing 19% to the revenue. Although adjusted EBITDA declined, the segment saw increased sales volumes driven by enhanced urea production. Lower net realized selling prices and temporary demand reductions impacted the net realized selling price for nitrogen products.
Potash
The Potash segment contributed 17% to the total revenue. Adjusted EBITDA declined due to lower net realized selling prices and sales volumes. While sales volumes decreased in North America, record Canpotex sales volumes to Brazil partially offset offshore demand reductions from Asia.
Phosphate
The Phosphate segment accounted for 7% of the revenue. Adjusted EBITDA decreased due to lower sales volumes and net realized prices for fertilizer products. The company implemented maintenance and reliability initiatives, with plans for increased operating rates in the second half of 2023.
Others
The Others segment did not contribute to the revenue during Q1 2023.
Nutrien Ltd’s Q1 2023 performance demonstrates a diversified revenue stream, with the Ag Solutions (Retail) segment as the primary revenue driver. Challenges like lower sales volumes, net realized prices, and increased costs affected the company’s performance. However, growth in high-value products and enhanced production in certain segments offer opportunities for improvement. To drive growth and navigate market fluctuations, Nutrien should prioritize innovation, cost management, and customer-centric strategies across its segments. By closely monitoring market conditions and focusing on efficiency, Nutrien can continue to be a strong player in the agricultural industry.
Company Overview
Nutrien Ltd is a globally recognized supplier of crop nutrients, agricultural products, and services. Formed in 2018 through the merger of PotashCorp and Agrium, Nutrien operates across four key segments: Retail Ag Solution, Potash, Nitrogen, and Phosphate.
Their Retail segment provides a wide range of crop nutrients, protection products, and seed to growers and agricultural retailers, offering customized solutions and agronomic advice. In the Potash segment, Nutrien is a major producer and supplier of potash, essential for enhancing soil fertility and crop quality. The Nitrogen segment focuses on nitrogen-based fertilizers, crucial for promoting plant growth and productivity. Additionally, their Phosphate segment involves the mining and processing of phosphate rock for phosphate-based fertilizers. Serving customers worldwide, Nutrien is dedicated to sustainable agriculture practices, innovation, and delivering high-quality products to support global food production.
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