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It has been about a month since the last earnings report for Mosaic (MOS - Free Report) . Shares have added about 10.1% in that time frame, outperforming the S&P 500.

Will the recent positive trend continue leading up to its next earnings release, or is Mosaic due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at the latest earnings report in order to get a better handle on the important catalysts.

Mosaic’s Q2 Earnings Beat Estimates, Sales Miss on Lower VolumesMosaic posted second-quarter 2026 net loss of $273 million or 86 cents per share, down sharply from a profit of $411 million or $1.29 per share in the year-ago quarter. 

Barring one-time items, adjusted earnings were 13 cents per share, down 74.5% from adjusted earnings of 51 cents a year ago. The figure beat the Zacks Consensus Estimate of 9 cents.   

Net sales declined 6% year over year to $2,824.1 million from $3,005.7 million in the prior-year quarter. Revenues missed the Zacks Consensus Estimate of $3,046.4 million. Lower sales volumes and elevated raw material costs, particularly sulfur, more than offset the benefit of higher phosphate and potash prices. 

Segment Highlights Mosaic’s Phosphate segment generated net sales of $1.25 billion, up from $1.17 billion a year ago. Sales volumes declined to 1.4 million tons from 1.5 million tons due to production curtailments. Net sales missed our estimate of $1.27 billion. Gross margin deteriorated to negative $4 per ton from $67 per ton a year ago as higher sulfur and ammonia costs offset stronger DAP pricing. The average DAP selling price increased to $773 per ton from $668 per ton.   

The Potash segment delivered net sales of $650 million, down from $711 million a year ago. Sales volumes fell to 2 million tons from 2.3 million tons because of turnaround activities and the Carlsbad divestiture. However, net sales beat our estimate of $603.8 million. Gross margin improved to $103 per ton from $89 per ton, supported by higher realized prices. The average MOP selling price rose to $275 per ton from $261 per ton.   

Mosaic Fertilizantes reported net sales of $1.03 billion, down from $1.18 billion in the year-ago quarter. Sales volumes declined to 1.5 million tons from 2.2 million tons, reflecting curtailed domestic production and softer demand. Revenue missed our estimate of $1.21 billion. Gross margin fell to $4 per ton from $73 per ton, while the average finished product selling price increased to $585 per ton from $474 per ton. Higher sulfur costs and lower production volumes weighed on profitability.   

FinancialsMosaic ended the quarter with cash and cash equivalents of $294 million compared with $276.6 million at the end of 2025. Long-term debt (net of current maturities) increased to $4,767.7 million from $4,250.9 million at year-end 2025.   

Cash flow from operating activities totaled $167.4 million in the second quarter, down from $609.5 million a year ago. Capital expenditures were $320.3 million, resulting in negative free cash flow of $152.9 million. Mosaic paid a regular dividend of 22 cents per share during the quarter.   

OutlookMosaic reduced its 2026 capital expenditure guidance to $1.2 billion from the prior expectation of $1.25 billion while maintaining its potash production outlook of about 9 million tons. For the third quarter, phosphate sales volumes are expected to be 1.1-1.4 million tons with DAP prices of $820-$840 per ton, while potash sales volumes are projected at 2-2.2 million tons with MOP prices of $270-$290 per ton. The company now expects SG&A expenses of $510-$530 million, net interest expense of $220-$240 million and cash taxes of $250-$300 million for 2026. 

How Have Estimates Been Moving Since Then?In the past month, investors have witnessed a downward trend in estimates revision.

The consensus estimate has shifted -64.19% due to these changes.

VGM ScoresAt this time, Mosaic has a poor Growth Score of F, a score with the same score on the momentum front. However, the stock has a score of C on the value side, putting it in the middle 20% for value investors.

Overall, the stock has an aggregate VGM Score of D. If you aren't focused on one strategy, this score is the one you should be interested in.

OutlookEstimates have been broadly trending downward for the stock, and the magnitude of these revisions indicates a downward shift. It's no surprise Mosaic has a Zacks Rank #4 (Sell). We expect a below average return from the stock in the next few months.

TAMPA, Fla., Aug. 27, 2026 /PRNewswire/ -- The Mosaic Company (NYSE: MOS) announced today that its Board of Directors declared a quarterly dividend of $0.22 per share on the Company's common stock.

Renuvis Enzara™ from Mosaic Biosciences® helps growers break down heavy residue faster to reach plant-ready conditions sooner

, /PRNewswire/ -- Mosaic Biosciences® today announced the launch of Renuvis Enzara™, an innovative residue management solution designed to help growers accelerate the natural decomposition of crop residue and support more consistent, plant-ready field conditions.

As higher-yielding hybrids, no-till practices and continuous corn continue to increase residue levels, growers are facing growing challenges that can narrow planting windows, reduce operational efficiency and hinder profit potential. Heavy residue can lead to additional tillage passes, reduced planting capacity and yield losses caused by uneven emergence and inconsistent seed depth.

Enzara uses targeted enzyme technology to help break down residue faster and more efficiently. This supports more consistent field conditions and may create a cleaner path for optimal machinery performance at planting. By helping residue decompose more quickly with Renuvis Enzara, growers can improve seed-to-soil contact and conditions for early growth and establishment, allowing earlier planting and ultimately supporting a better start for every seed.

In addition, Enzara can help improve tillage effectiveness. Less residue supports less wear and tear on equipment and the potential to reduce tillage intensity over time. This may contribute to lower fuel costs and better erosion control.

"Farmers are managing more residue than ever before and that creates real operational friction during an already tight spring season," said Matt Sowder, Director of Global Solutions at The Mosaic Company. "Renuvis Enzara helps accelerate residue breakdown so growers can improve field conditions to create a wider planting window, enable improved machinery operations such as planting or tillage, and give every acre a better starting point."

Unlike traditional residue management approaches that depend on mechanical action or microbial-based solutions that require time to colonize, Enzara uses endoglucanase enzyme technology that begins breaking down residue, even in cold conditions, including temperatures as low as 32 degrees Fahrenheit. The product targets the tough structural fibers that hold crop residue together, creating more entry points for naturally occurring soil microbes to continue the decomposition process.

Research-backed residue management
Enzara is backed by laboratory studies and real-world, on-farm trials.

In 2025 on-farm trials, Renuvis Enzara demonstrated improvements in residue decomposition in both corn-on-corn and soybean-after-corn systems (Figures 1 and 2). Spring application of Enzara improved emergence, stand count and uniformity in both corn and soybeans.

An easy fit for any crop production system 
Enzara partners well with current residue management practices and fits easily into existing crop production systems. It can be applied in the fall or spring and is tank-mix compatible with existing fertilizer and herbicide applications, with no additional pass required. The product is suited for corn-on-corn acres, no-till and reduced-till systems, heavy residue zones and conventional tillage acres following high-yield crops.

"Every acre with residue can benefit from more efficient decomposition," Sowder said. "Enzara fits the way growers already farm."

Ultimately, Enzara helps break down heavy crop residue faster for plant-ready conditions sooner, protects the performance of seed and may reduce the wear and tear on equipment investments.

To learn more about Renuvis Enzara, visit enzaraworks.com.

About The Mosaic Company
The Mosaic Company (NYSE: MOS) helps the world grow the food it needs. Headquartered in Tampa, Florida, Mosaic is a leading producer and marketer of potash and phosphate fertilizer which are essential inputs for the world's farmers. Through the Mosaic Biosciences platform, the company is advancing the next generation of biological solutions designed to improve nutrient use efficiency, strengthen crop performance and support more sustainable agricultural systems. As a Fortune 500 company with 13,000 employees serving customers in more than 40 countries, Mosaic is helping build resilient and productive food systems for the future. More information on the company is available at www.mosaicco.com.

[email protected]

SOURCE The Mosaic Company

, /PRNewswire/ -- The Mosaic Company (NYSE: MOS) ("Mosaic") today announced the Reference Yield and Total Consideration (as set forth in the table below) to be paid in connection with its previously announced cash tender offers (collectively, the "Offers") to purchase the outstanding notes described below, in each case upon the terms and subject to the conditions set forth in the Offer to Purchase dated August 10, 2026 (the "Offer to Purchase").

The Notes offered to be purchased in the Offers, in the order of acceptance priority, are the 4.050% Senior Notes due 2027 (the "2027 Notes"); 7.30% Debentures due 2028 (the "2028 Debentures"); 5.375% Senior Notes due 2028 (the "2028 Notes") and 4.350% Senior Notes due 2029 (the "2029 Notes" and together with the 2027 Notes, 2028 Debentures and 2028 Notes, the "Notes" and each a "Series of Notes") for the consideration described below, up to an aggregate purchase price, excluding the Accrued Coupon Payment (as defined below), of $1,400,000,000 (the "Tender Cap") subject to proration and the application of the Acceptance Priority Levels set forth in the table below and as further set forth in the Offer to Purchase and the terms and conditions, including, among others, a $150,000,000 cap on the aggregate consideration to be paid to purchase the 2029 Notes pursuant to the Offers (the "Series Cap") and the Acceptance Priority Procedures set forth in the Offer to Purchase. The 2029 Notes may be subject to proration both due to the Acceptance Priority Procedures and the Series Cap such that Mosaic will only accept for purchase the 2029 Notes for aggregate consideration up to the Series Cap. Subject to applicable law, Mosaic may, but is under no obligation to, eliminate, increase or decrease the Tender Cap and/or the Series Cap at any time prior to the "Expiration Date" of 5:00 p.m., New York City time, on August 14, 2026 (unless extended or earlier terminated by Mosaic with respect to any Offer). In the event proration is required with respect to a Series of Notes, Mosaic will multiply the principal amount of each valid tender of such Series of Notes by the applicable proration rate and round the resulting amount down to the nearest integral multiple of the Minimum Denomination, in order to determine the principal amount of such tender that will be accepted pursuant to the applicable Offer. The excess principal amount of Notes not accepted from the tendering Holders will be promptly returned to such Holders, and if this excess principal amount of Notes is less than $1,000, Mosaic may either accept or reject all such tendering Holders' validly tendered Notes in its sole discretion. Additionally, Mosaic may increase the amount of Notes accepted for payment in the Offers by no more than 2% of the outstanding Notes of the applicable Series, as further described in the Acceptance Priority Procedures set forth below, without amending or extending the Offer. The Offer to Purchase and any related documents are referred to herein collectively as the "Tender Offer Documents".  Capitalized terms used but not defined in this press release have the meanings given to them in the Offer to Purchase.

Certain information regarding the Notes and the pricing for the Offers is set forth in the table below.

Series of Notes

Issuer

CUSIP/ISIN
Number(1)

Aggregate
Principal
Amount
Outstanding

Series Cap

Acceptance
Priority
Level

Reference
Security

Reference

Yield(2)

Bloomberg
Reference
Page

Fixed
Spread
(Basis
Points)

Total

Consideration(3)

4.050%
Senior Notes
due 2027

The Mosaic
Company

61945CAG8 /
US61945CAG87

$700,000,000

N/A

1

4.125% UST
due 11/15/2027

4.111 %

FIT 4

+20

$996.82

7.30%
Debentures
due 2028

Mosaic
Global
Holdings,
Inc.

449669AK6 /
US449669AK64

$147,100,000

N/A

2

4.250% UST
due 01/15/2028

4.132 %

FIT 4

+35

$1,037.99

5.375%
Senior Notes
due 2028

The Mosaic
Company

61945CAH6 /
US61945CAH60

$400,000,000

N/A

3

4.250% UST
due 07/31/2028

4.169 %

FIT 1

+35

$1,017.38

4.350%
Senior Notes
due 2029 

The Mosaic
Company

61945CAJ2 /
US61945CAJ27

$500,000,000

$150,000,000

4

4.125% UST
due 07/15/2029

4.245 %

FIT 1

+40

$993.31

(1)

No representation is made as to the correctness or accuracy of the CUSIP or ISIN numbers listed above. 

(2)

Each Reference Yield was determined at 2:00 p.m., New York time, on August 14, 2026. 

(3)

Represents the total consideration for each Series of Notes (the "Total Consideration") payable per each $1,000 principal amount of such Series of Notes validly tendered and accepted for purchase in the Offers.

The "Total Consideration" for each Series of Notes payable per each $1,000 principal amount of such Series of Notes validly tendered for purchase is based on the applicable Fixed Spread for such Series of Notes, plus the Reference Yield based on the bid-side price of the applicable Reference Security as quoted on the applicable Bloomberg Reference Page as of 2:00 p.m., New York City time, today August 14, 2026 (the "Price Determination Date"). In addition to the applicable Total Consideration, Holders whose Notes are accepted for purchase pursuant to an Offer will receive accrued and unpaid interest on those Notes from the last interest payment date with respect to those Notes to, but excluding, the Settlement Date (the "Accrued Interest," and the payment thereof, the "Accrued Coupon Payment"). 

Tenders of Notes of a Series may be validly withdrawn at any time at or prior to 5:00 p.m., New York City time, today, August 14, 2026 (the "Withdrawal Deadline"), but, except as provided in the Offer to Purchase or required by applicable law, may not be validly withdrawn thereafter. The "Settlement Date" will be the second business day after the Expiration Date and is expected to be August 18, 2026.

The complete terms and conditions of the Offers are set forth in the Tender Offer Documents. Holders are urged to read the Tender Offer Documents carefully. If any condition to the Offers is not satisfied or waived, Mosaic is not obligated to accept for payment, purchase or pay for, and may delay the acceptance for payment of, any tendered Notes, in each case subject to applicable law, and may terminate or alter any or all of the Offers.

Mosaic has retained Citigroup Global Markets Inc., BMO Capital Markets Corp. and U.S. Bancorp Investments, Inc. to act as dealer managers (the "Dealer Managers") for the Offers. Global Bondholder Services Corporation will act as the Tender and Information Agent for the Offers. For additional information, please contact: Citigroup Global Markets Inc. at +1 (800) 558-3745 (toll-free) or +1 (212) 723-6106 (collect), BMO Capital Markets Corp. at +1 (833) 418-0762 (toll-free) or +1 (212) 702-1840 (collect), or U.S. Bancorp Investments, Inc. at +1 (800) 479-3441 (toll-free), +1 (917) 558-2756 (collect) or by email at [email protected]. Requests for documents and questions regarding the tendering of Notes may be directed to Global Bondholder Services Corporation by telephone at (212) 430-3774 (for banks and brokers only) and (855) 654-2015 (for all others toll-free) or to the Dealer Managers at their respective telephone numbers. Copies of the Offer to Purchase are available at: https://www.gbsc-usa.com/mosaic/. You may also contact your broker, dealer, commercial bank, trust company or other nominee for assistance concerning the Offers.

Holders of Notes are advised to check with each bank, securities broker or other intermediary through which they hold Notes as to when such intermediary would need to receive instructions from a beneficial owner in order for that Holder to be able to participate in, or withdraw their instruction to participate in the Offers before the deadlines specified herein and in the Offer to Purchase. The deadlines set by any such intermediary and DTC for the submission and withdrawal of tender instructions may be earlier than the relevant deadlines specified herein and in the Offer to Purchase.

This press release is neither an offer to purchase nor a solicitation of an offer to sell the Notes or any other securities. The Offers are made only by and pursuant to the terms of the Offer to Purchase and only to such persons and in such jurisdictions as is permitted under applicable law. The information in this press release is qualified by reference to the Offer to Purchase. None of Mosaic, the Dealer Managers or the Tender and Information Agent makes any recommendation as to whether Holders should tender their Notes pursuant to the Offers. Holders must make their own decisions as to whether to tender Notes, and, if so, the principal amount of Notes to tender.

Forward-Looking Statements

This release includes forward-looking statements. Forward-looking statements are based on the views and assumptions of management as of the date of this release. They are subject to known and unknown risks and uncertainties. These risks include, but are not limited to: market conditions, regulatory and environmental requirements, operational risks, commodity price volatility, labor matters, completion and timing of potential transactions, accounting determinations, and other risks and uncertainties described in Mosaic's reports filed with the Securities and Exchange Commission. Actual results may differ from those set forth in the forward-looking statements. Mosaic assumes no obligation to update any forward-looking statements.

About The Mosaic Company

The Mosaic Company (NYSE: MOS) helps the world grow the food it needs. Headquartered in Tampa, Florida, Mosaic is a leading producer and marketer of potash and phosphate fertilizer which are essential inputs for the world's farmers. Through the Mosaic Biosciences platform, the company is advancing the next generation of biological solutions designed to improve nutrient use efficiency, strengthen crop performance, and support more sustainable agricultural systems. As a Fortune 500 company with 13,000 employees serving customers in more than 40 countries, Mosaic is helping build resilient and productive food systems for the future.

SOURCE The Mosaic Company

, /PRNewswire/ -- The Mosaic Company (NYSE: MOS) ("Mosaic") today announced that it has commenced cash tender offers (collectively, the "Offers") to purchase the outstanding notes described below, in each case upon the terms and subject to the conditions set forth in the Offer to Purchase dated August 10, 2026 (the "Offer to Purchase").

The Notes offered to be purchased in the Offers, in the order of acceptance priority, are the 4.050% Senior Notes due 2027; 7.30% Debentures due 2028; 5.375% Senior Notes due 2028 and 4.350% Senior Notes due 2029 (collectively, the "Notes") for the consideration described below, up to an aggregate purchase price, excluding the Accrued Coupon Payment (as defined below), of $1,400,000,000 (the "Tender Cap") subject to proration and the application of the Acceptance Priority Levels set forth in the table below and as further set forth in the Offer to Purchase and the terms and conditions, including, among others, a $150,000,000 cap on the aggregate consideration to be paid to purchase the 4.350% Senior Notes due 2029 (the "2029 Notes") pursuant to the Offers (the "Series Cap") and the Acceptance Priority Procedures set forth in the Offer to Purchase. The 2029 Notes may be subject to proration both due to the Acceptance Priority Procedures and the Series Cap such that Mosaic will only accept for purchase the 2029 Notes for aggregate consideration up to the Series Cap. Subject to applicable law, Mosaic may, but is under no obligation to, eliminate, increase or decrease the Tender Cap and/or the Series Cap at any time prior to the Expiration Date. In the event proration is required with respect to a Series of Notes, Mosaic will multiply the principal amount of each valid tender of such Series of Notes by the applicable proration rate and round the resulting amount down to the nearest integral multiple of the Minimum Denomination, in order to determine the principal amount of such tender that will be accepted pursuant to the applicable Offer. The excess principal amount of Notes not accepted from the tendering Holders will be promptly returned to such Holders, and if this excess principal amount of Notes is less than $1,000, Mosaic may either accept or reject all such tendering Holders' validly tendered Notes in its sole discretion. Additionally, Mosaic may increase the amount of Notes accepted for payment in the Offers by no more than 2% of the outstanding Notes of the applicable Series, as further described in the Acceptance Priority Procedures set forth below, without amending or extending the Offer, and may also increase or decrease the percentage of the Notes accepted for payment in the Offer (including by more than 2% of the outstanding Notes of the applicable Series) by a press release or other public announcement that is widely disseminated by no later than 9:00 a.m. (New York City time), on the third business day before the scheduled Expiration Date. Capitalized terms used but not defined in this press release have the meanings given to them in the Offer to Purchase. 

Series of
Notes

Issuer

CUSIP/ISIN
Number(1)

Aggregate
Principal
Amount
Outstanding

Series Cap

Acceptance
Priority
Level(2)

Par Call
Date

Maturity
Date

Reference
Security

Bloomberg
Reference
Page

Fixed
Spread
(Basis
Points)

4.050%
Senior Notes
due 2027

The Mosaic
Company

61945CAG8 /
US61945CAG87

$700,000,000

N/A

1

August
15, 2027

November
15, 2027

4.125% UST
due
11/15/2027

FIT 4

+20

7.30%
Debentures
due 2028

Mosaic
Global
Holdings,
Inc.

449669AK6 /
US449669AK64

$147,100,000

N/A

2

N/A

January
15, 2028

4.250% UST
due
01/15/2028

FIT 4

+35

5.375%
Senior Notes
due 2028

The Mosaic
Company

61945CAH6 /
US61945CAH60

$400,000,000

N/A

3

October
15, 2028

November
15, 2028

4.250% UST
due
07/31/2028

FIT 1

+35

4.350%
Senior Notes
due 2029 

The Mosaic
Company

61945CAJ2 /
US61945CAJ27

$500,000,000

$150,000,000

4

December
15, 2028

January
15, 2029

4.125% UST
due
07/15/2029

FIT 1

+40

(1)

No representation is made as to the correctness or accuracy of the CUSIP or ISIN numbers listed above.

(2)

Subject to the satisfaction or waiver of Mosaic of the conditions of the Offers described in the Offer to Purchase and subject to the Tender Cap and the Series Cap, Mosaic will accept Notes for purchase in the order of their respective Acceptance Priority Level specified in this table (with 1 being the highest Acceptance Priority Level and 4 being the lowest Acceptance Priority Level.)

The "Total Consideration" for each Series of Notes payable per each $1,000 principal amount of such Series of Notes validly tendered for purchase will be based on the applicable Fixed Spread for such Series of Notes, plus the Reference Yield based on the applicable Reference Security as quoted on the applicable Bloomberg Reference Page as of 2:00 p.m., New York City time, on August 14, 2026, unless extended by Mosaic with respect to the applicable Offer (such date and time with respect to an Offer, as the same may be extended by Mosaic with respect to such Offer, the "Price Determination Date"). Unless extended with respect to any Offer, promptly after the Price Determination Date, Mosaic will announce in a press release, among other things, the Total Consideration applicable to each Series of Notes accepted for purchase. In addition to the applicable Total Consideration, Holders whose Notes are accepted for purchase pursuant to an Offer will receive accrued and unpaid interest on those Notes from the last interest payment date with respect to those Notes to, but excluding, the Settlement Date (the "Accrued Interest," and the payment thereof, the "Accrued Coupon Payment"). 

The Offers are scheduled to expire on the Expiration Date, which is 5:00 p.m., New York City time, on August 14, 2026, unless extended or earlier terminated by Mosaic with respect to any Offer. Tenders of Notes of a Series may be validly withdrawn at any time at or prior to 5:00 p.m., New York City time, on August 14, 2026, but, except as provided in the Offer to Purchase or required by applicable law, may not be validly withdrawn thereafter.

The "Settlement Date" will be the second business day after the Expiration Date and is expected to be August 18, 2026.

The Offers are subject to certain conditions as described in the Offer to Purchase, including the Financing Condition, pursuant to which Mosaic shall have completed a proposed registered public offering (the "New Notes Offering") of new series of senior notes on terms and conditions satisfactory to Mosaic that results in its receipt of net proceeds that are sufficient to pay the Total Consideration for all Notes validly tendered (and not validly withdrawn) and accepted for purchase by Mosaic in the Offers, plus the total Accrued Coupon Payments.

In no event will the information contained in this press release regarding the New Notes Offering constitute an offer to sell or a solicitation of an offer to buy any New Notes. If any condition is not satisfied, Mosaic is not obligated to accept for payment, purchase or pay for, and may delay the acceptance for payment of, any tendered Notes, in each case subject to applicable law, and may terminate or alter any or all of the Offers. The Offers are not contingent upon the tender of any aggregate minimum principal amount of Notes of any Series (subject to minimum denomination requirements as set forth in the Offer to Purchase), and none of the Offers is conditioned on the consummation of any of the other Offers by Mosaic.

Mosaic has retained Citigroup Global Markets Inc., BMO Capital Markets Corp. and U.S. Bancorp Investments, Inc. to act as dealer managers (the "Dealer Managers") for the Offers. Global Bondholder Services Corporation will act as the Tender and Information Agent for the Offers. For additional information, please contact: Citigroup Global Markets Inc. at +1 (800) 558-3745 (toll-free) or +1 (212) 723-6106 (collect), BMO Capital Markets Corp. at +1(833) 418-0762 (toll-free), +1 (212) 702-1840 (collect), or U.S. Bancorp Investments, Inc at +1 (800) 479-3441 (toll-free), +1 (917) 558-2756 (collect) or by email at [email protected]. Requests for documents and questions regarding the tendering of Notes may be directed to Global Bondholder Services Corporation by telephone at (212) 430-3774 (for banks and brokers only) and (855) 654-2015 (for all others toll-free) or to the Dealer Managers at their respective telephone numbers. Copies of the Offer to Purchase are available at: https://www.gbsc-usa.com/mosaic/. You may also contact your broker, dealer, commercial bank, trust company or other nominee for assistance concerning the Offers.

Holders of Notes are advised to check with each bank, securities broker or other intermediary through which they hold Notes as to when such intermediary would need to receive instructions from a beneficial owner in order for that Holder to be able to participate in, or withdraw their instruction to participate in the Offers before the deadlines specified herein and in the Offer to Purchase. The deadlines set by any such intermediary and DTC for the submission and withdrawal of tender instructions may be earlier than the relevant deadlines specified herein and in the Offer to Purchase.

This press release is neither an offer to purchase nor a solicitation of an offer to sell the Notes or any other securities. The Offers are made only by and pursuant to the terms of the Offer to Purchase and only to such persons and in such jurisdictions as is permitted under applicable law. The information in this press release is qualified by reference to the Offer to Purchase. None of Mosaic, the Dealer Managers or the Tender and Information Agent makes any recommendation as to whether Holders should tender their Notes pursuant to the Offers. Holders must make their own decisions as to whether to tender Notes, and, if so, the principal amount of Notes to tender.

Forward-Looking Statements

This release includes forward-looking statements, including with respect to the New Notes Offering. Forward-looking statements are based on the views and assumptions of management as of the date of this release. They are subject to known and unknown risks and uncertainties. These risks include, but are not limited to: market conditions, regulatory and environmental requirements, operational risks, commodity price volatility, labor matters, completion and timing of potential transactions, accounting determinations, and other risks and uncertainties described in Mosaic's reports filed with the Securities and Exchange Commission. Actual results may differ from those set forth in the forward-looking statements. Mosaic assumes no obligation to update any forward-looking statements.

About The Mosaic Company

The Mosaic Company (NYSE: MOS) helps the world grow the food it needs. Headquartered in Tampa, Florida, Mosaic is a leading producer and marketer of potash and phosphate fertilizer which are essential inputs for the world's farmers. Through the Mosaic Biosciences platform, the company is advancing the next generation of biological solutions designed to improve nutrient use efficiency, strengthen crop performance, and support more sustainable agricultural systems. As a Fortune 500 company with 13,000 employees serving customers in more than 40 countries, Mosaic is helping build resilient and productive food systems for the future.

SOURCE The Mosaic Company

3 Agriculture Stocks to Buy as Food Inflation Stays Elevated in 2026Mosaic NYSE: MOS said it is managing production, costs and liquidity through what Chief Executive Officer Bruce Bodine described as a difficult phosphate market shaped by unusually high sulfur prices and constrained supply.

The company has curtailed phosphate production in the United States and Brazil, limiting purchases of high-cost raw materials while maintaining the condition of its assets for an eventual return to higher operating rates. Bodine said Mosaic secured a significant portion of its third-quarter U.S. sulfur needs at prices below the spot market, though still at historically elevated levels.

Get Mosaic alerts:

Not Just Oil: 3 Fertilizer Stocks Boosted by Hormuz Closure“Mosaic is working through a difficult market by successfully managing what is under our control and positioning ourselves for an eventual recovery,” Bodine said during the company’s second-quarter 2026 earnings call.

Sulfur constraints drive phosphate curtailments Mosaic cited the continued closure of the Strait of Hormuz and a Kazakhstan blockade as factors disrupting global sulfur flows. The company said current spot sulfur prices are not economically sustainable for the phosphate industry and have prompted production reductions across the sector.

3 Underfollowed Stocks Wall Street Still Likes—And for Good ReasonBodine estimated that global phosphate production could fall short of last year’s output by as much as 30 million tons if supply constraints persist. He said the lower availability of fertilizer, combined with reduced application rates in prior periods, could affect crop yields and create food-security challenges.

In North America, Executive Vice President of Commercial Jenny Wang said Mosaic estimates phosphate application fell nearly 15% below normal last year and could decline another 20% this year. Compared with typical application levels, that would represent a reduction of more than 30% in 2027, she said.

In Brazil, Mosaic expects phosphate application to decline by roughly 30% at the nutrient level this year, after application was relatively normal and showed some growth last year. Wang said Mosaic has observed yield pressure in some major Brazilian states despite increased harvest acreage.

The company said it expects phosphate prices to remain near current levels because sulfur-related supply challenges and lower Chinese exports are limiting global availability. Bodine also said the temporary suspension of U.S. countervailing duties on phosphate imports from Morocco has not affected New Orleans prices, as producers can obtain higher netbacks in markets outside the U.S.

Third-quarter cost outlook and production levels Chief Financial Officer Luciano Siani Pires said second-quarter U.S. phosphate raw-material costs averaged $522 per long ton for sulfur and $621 per ton for ammonia. These costs resulted in an average realized stripping margin of $422 per ton.

For the third quarter, Mosaic expects realized sulfur costs of approximately $700 to $710 per ton and ammonia costs of approximately $610 to $620 per ton. The company guided for DAP FOB prices of $820 to $840 per ton, which Pires said implies a realized stripping margin above historical averages despite higher input costs.

Management cautioned that curtailments will reduce fixed-cost absorption and increase idle expenses in the phosphate and Fertilizantes segments during the third quarter. Bodine said stripping margins are expected to decline sequentially but remain above historical levels. The company also expects phosphate sales volumes of 1.1 million to 1.4 million tons in the third quarter, compared with 1.4 million tons produced and sold during the second quarter.

Mosaic’s Louisiana fertilizer production is fully idled, while Bartow is operating at approximately 40%, according to management’s discussion with analysts. Other Central Florida facilities are running at rates in the mid-70% range, constrained by sulfur availability. Bodine said the company could restore production within weeks, rather than months, if sulfur supply conditions normalized.

Potash, Brazil and Biosciences Mosaic characterized potash conditions as comparatively balanced, with supply meeting demand in major consuming regions. The company said its summer fill program was fully subscribed, and it expects the potash market to remain constructive through the year.

The company completed Esterhazy’s annual turnaround in the second quarter and expects lower potash unit costs in the second half as volumes from the Hydrofloat Project increase. Second-quarter MOP costs of $84 per ton reflected a production mix weighted toward higher-cost Colonsay volumes, Pires said.

In Brazil, Mosaic curtailed commodity phosphate production because of sulfur conditions but reported $60 million of EBITDA from its Fertilizantes business in the second quarter. Management expects third-quarter profitability to be below that level, although the seasonally stronger distribution business, co-product sales and an expected contribution from Mosaic Biosciences should support positive results.

Pires said Mosaic expects approximately $30 million in Biosciences sales in Brazil during the third quarter, with a contribution margin near 40%. Bodine said Mosaic Biosciences remains on track to double its revenue again this year.

Cash flow, capital spending and balance sheet actions Mosaic reduced SG&A expenses by 20% year over year in the second quarter, citing spending discipline, lower support-labor costs, lower bad-debt expense and benefits from divestitures. The company expects further SG&A reductions in the second half.

The company lowered its full-year capital expenditure outlook to $1.2 billion from $1.25 billion previously and from an earlier $1.5 billion level. Management expects free cash flow to improve sequentially in the third and fourth quarters, supported by lower spending, cost reductions and a projected $300 million to $500 million working-capital release.

Pires said roughly $100 million to $200 million of the working-capital release may occur in the third quarter, with the larger portion expected in the fourth quarter as Brazil customer collections increase.

During the second quarter, Mosaic put in place a $1 billion term loan to replace and extend short-term commercial-paper maturities. The company refinanced $500 million of commercial paper in June and the remainder in July. Mosaic said it has not drawn on its $2.5 billion revolving credit facility.

Separately, the company said it completed the sale of Carlsbad, continues to advance a potential divestiture of its Araxá complex, and is evaluating opportunities involving land holdings. Mosaic also recorded a noncash write-down related to a previously considered purified phosphoric acid and battery cathode materials project, which Bodine said the company no longer expects to pursue.

About Mosaic (NYSE:MOS)Mosaic Co is one of the world's leading producers and marketers of concentrated phosphate and potash crop nutrients. The company's primary business activities center on the extraction, processing and distribution of phosphate rock, phosphate-based fertilizers and potash products. These core nutrients are essential components in modern agriculture, supporting crop yields and soil health across a range of farming applications.

In its phosphate segment, Mosaic operates mining and production facilities that convert phosphate rock into concentrated phosphates, finished phosphate fertilizers and feed phosphates for animal nutrition.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to [email protected].

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The Mosaic Company (MOS) Q2 2026 Earnings Call Transcript

Mosaic (MOS - Free Report) reported $2.82 billion in revenue for the quarter ended June 2026, representing a year-over-year decline of 6%. EPS of $0.13 for the same period compares to $0.51 a year ago.

The reported revenue represents a surprise of -7.3% over the Zacks Consensus Estimate of $3.05 billion. With the consensus EPS estimate being $0.09, the EPS surprise was +44.44%.

While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.

As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.

Here is how Mosaic performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:

Mosaic Fertilizantes - Sales volumes - Total Finished Product: 1,520.00 KTon versus the four-analyst average estimate of 2,073.15 KTon.Potash - Average finished product selling price: $280.00 compared to the $283.48 average estimate based on four analysts.Phosphates - Sales volumes - Total Finished Product: 1,406.00 KTon versus 1,566.53 KTon estimated by four analysts on average.Potash - Sales volumes - Total Finished Product: 2,019.00 KTon versus 2,066.18 KTon estimated by four analysts on average.Mosaic Fertilizantes - Average finished product selling price: $585.00 compared to the $652.70 average estimate based on three analysts.Phosphates - Average finished product selling price: $754.00 versus $797.91 estimated by three analysts on average.Phosphates - Sales volumes - DAP/MAP: 777.00 KTon versus 784.06 KTon estimated by two analysts on average.Phosphates - Sales volumes - Performance & other products: 513.00 KTon versus the two-analyst average estimate of 771.68 KTon.Net Sales- Phosphates: $1.25 billion versus $1.27 billion estimated by four analysts on average. Compared to the year-ago quarter, this number represents a +6.2% change.Net Sales- Mosaic Fertilizantes: $1.03 billion versus $1.21 billion estimated by four analysts on average. Compared to the year-ago quarter, this number represents a -12% change.Net Sales- Potash: $650 million versus the four-analyst average estimate of $603.84 million. The reported number represents a year-over-year change of -8.5%.Net Sales- Corporate and Other: $-106 million versus $-38.4 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a +100% change.View all Key Company Metrics for Mosaic here>>>

Shares of Mosaic have returned +3% over the past month versus the Zacks S&P 500 composite's +1.7% change. The stock currently has a Zacks Rank #4 (Sell), indicating that it could underperform the broader market in the near term.

Resources Investor Relations Journalists Agencies Client Login Send a Release News Products Contact , /PRNewswire/ -- The Mosaic Company (NYSE: MOS) released its financial results for the second quarter of 2026. The company's earnings release and supplemental materials are available at https://investors.mosaicco.com/financials/quarterly-results. 

Mosaic will host a conference call to discuss the results on Wednesday, August 5th at 11:00 a.m. Eastern Time, accessible both through Mosaic's website at https://investors.mosaicco.com, and the dial in numbers below. The webcast will be available up to at least one year from today's date.

Conference Call Details:

About The Mosaic Company

The Mosaic Company (NYSE: MOS) helps the world grow the food it needs. Headquartered in Tampa, Florida, Mosaic is a leading producer and marketer of potash and phosphate fertilizer which are essential inputs for the world's farmers. Through the Mosaic Biosciences platform, the company is advancing the next generation of biological solutions designed to improve nutrient use efficiency, strengthen crop performance, and support more sustainable agricultural systems. As a Fortune 500 company with 13,000 employees serving customers in more than 40 countries, Mosaic is helping build resilient and productive food systems for the future. More information on the company is available at www.mosaicco.com.

SOURCE The Mosaic Company

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Posted by Defense World Staff on Aug 4th, 2026

California State Teachers Retirement System boosted its position in The Mosaic Company (NYSE:MOS – Free Report) by 22.2% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 366,466 shares of the basic materials company’s stock after purchasing an additional 66,608 shares during the quarter. California State Teachers Retirement System owned about 0.12% of Mosaic worth $9,345,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in MOS. Thompson Siegel & Walmsley LLC grew its stake in shares of Mosaic by 35.8% during the 4th quarter. Thompson Siegel & Walmsley LLC now owns 2,978,232 shares of the basic materials company’s stock valued at $71,746,000 after buying an additional 785,057 shares during the period. Vanguard Group Inc. increased its holdings in shares of Mosaic by 1.2% during the 4th quarter. Vanguard Group Inc. now owns 39,123,171 shares of the basic materials company’s stock worth $942,477,000 after buying an additional 461,524 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. raised its position in shares of Mosaic by 18.4% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 415,927 shares of the basic materials company’s stock worth $10,406,000 after buying an additional 64,687 shares during the period. MH & Associates Securities Management Corp ADV purchased a new position in shares of Mosaic in the 4th quarter worth $1,516,000. Finally, K.J. Harrison & Partners Inc acquired a new position in Mosaic in the fourth quarter valued at $1,108,000. 77.54% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets MOS has been the subject of several research analyst reports. Berenberg Bank dropped their price target on Mosaic from $28.00 to $27.00 and set a “hold” rating for the company in a research note on Tuesday, May 19th. JPMorgan Chase & Co. decreased their target price on Mosaic from $24.00 to $19.00 and set an “underweight” rating for the company in a report on Tuesday, May 12th. Morgan Stanley dropped their target price on shares of Mosaic from $28.00 to $26.00 and set an “equal weight” rating for the company in a research report on Tuesday, June 30th. UBS Group cut their price target on shares of Mosaic from $27.00 to $23.00 and set a “neutral” rating on the stock in a report on Tuesday, May 12th. Finally, Wall Street Zen cut shares of Mosaic from a “sell” rating to a “strong sell” rating in a research report on Sunday, July 12th. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, eleven have assigned a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, Mosaic has an average rating of “Hold” and an average price target of $27.11.

Check Out Our Latest Report on Mosaic

Mosaic Stock Down 1.3% NYSE MOS opened at $21.83 on Tuesday. The stock has a market cap of $6.93 billion, a PE ratio of 167.97, a P/E/G ratio of 2.98 and a beta of 0.82. The Mosaic Company has a fifty-two week low of $19.80 and a fifty-two week high of $36.99. The business has a 50 day moving average price of $22.17 and a two-hundred day moving average price of $24.73. The company has a quick ratio of 0.45, a current ratio of 1.25 and a debt-to-equity ratio of 0.36.

Mosaic (NYSE:MOS – Get Free Report) last posted its quarterly earnings data on Monday, May 11th. The basic materials company reported $0.05 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.15). Mosaic had a net margin of 0.36% and a return on equity of 4.66%. The firm had revenue of $3 billion for the quarter, compared to analysts’ expectations of $2.93 billion. During the same quarter in the prior year, the business earned $0.49 EPS. The company’s revenue for the quarter was up 14.4% on a year-over-year basis. As a group, sell-side analysts predict that The Mosaic Company will post 0.73 EPS for the current fiscal year.

Mosaic Company Profile (Free Report)

Mosaic Co is one of the world’s leading producers and marketers of concentrated phosphate and potash crop nutrients. The company’s primary business activities center on the extraction, processing and distribution of phosphate rock, phosphate-based fertilizers and potash products. These core nutrients are essential components in modern agriculture, supporting crop yields and soil health across a range of farming applications.

In its phosphate segment, Mosaic operates mining and production facilities that convert phosphate rock into concentrated phosphates, finished phosphate fertilizers and feed phosphates for animal nutrition.

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Posted by Defense World Staff on Jul 27th, 2026

Cypress Capital Group purchased a new stake in The Mosaic Company (NYSE:MOS – Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 38,355 shares of the basic materials company’s stock, valued at approximately $978,000.

A number of other large investors have also recently bought and sold shares of MOS. Geneos Wealth Management Inc. lifted its holdings in shares of Mosaic by 169.3% during the first quarter. Geneos Wealth Management Inc. now owns 956 shares of the basic materials company’s stock valued at $26,000 after acquiring an additional 601 shares during the period. CYBER HORNET ETFs LLC bought a new stake in shares of Mosaic in the 2nd quarter worth about $31,000. SJS Investment Consulting Inc. grew its holdings in shares of Mosaic by 72.9% in the 1st quarter. SJS Investment Consulting Inc. now owns 1,245 shares of the basic materials company’s stock worth $32,000 after purchasing an additional 525 shares during the last quarter. Gen Wealth Partners Inc acquired a new stake in shares of Mosaic during the 4th quarter worth about $32,000. Finally, MUFG Securities EMEA plc acquired a new stake in shares of Mosaic during the 2nd quarter worth about $34,000. 77.54% of the stock is currently owned by institutional investors.

Mosaic Stock Up 0.2% Shares of NYSE MOS opened at $22.36 on Monday. The Mosaic Company has a 12-month low of $19.80 and a 12-month high of $37.35. The firm’s 50-day simple moving average is $22.11 and its 200 day simple moving average is $24.87. The company has a quick ratio of 0.45, a current ratio of 1.25 and a debt-to-equity ratio of 0.36. The company has a market cap of $7.10 billion, a price-to-earnings ratio of 171.97, a price-to-earnings-growth ratio of 3.01 and a beta of 0.82.

Mosaic (NYSE:MOS – Get Free Report) last posted its quarterly earnings data on Monday, May 11th. The basic materials company reported $0.05 earnings per share for the quarter, missing the consensus estimate of $0.20 by ($0.15). Mosaic had a net margin of 0.36% and a return on equity of 4.66%. The company had revenue of $3 billion during the quarter, compared to analyst estimates of $2.93 billion. During the same quarter in the previous year, the business posted $0.49 EPS. The company’s revenue was up 14.4% compared to the same quarter last year. On average, research analysts expect that The Mosaic Company will post 0.73 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades MOS has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. reduced their price target on shares of Mosaic from $24.00 to $19.00 and set an “underweight” rating on the stock in a research report on Tuesday, May 12th. Wells Fargo & Company dropped their price objective on shares of Mosaic from $25.00 to $22.00 and set an “equal weight” rating for the company in a report on Thursday, May 14th. HSBC cut their target price on shares of Mosaic from $26.00 to $23.00 and set a “hold” rating for the company in a research note on Thursday, June 18th. Weiss Ratings lowered Mosaic from a “sell (d+)” rating to a “sell (d)” rating in a research report on Tuesday, May 12th. Finally, Barclays decreased their price target on Mosaic from $31.00 to $26.00 and set an “equal weight” rating on the stock in a research report on Monday, May 18th. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, eleven have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $27.11.

Get Our Latest Report on Mosaic

Key Stories Impacting Mosaic Here are the key news stories impacting Mosaic this week:

Positive Sentiment: Zacks Research upgraded Mosaic from “strong sell” to “hold,” suggesting the recent outlook is less bearish than before. Zacks.com Neutral Sentiment: Analysts’ overall rating picture is now averaging to “Hold,” indicating Wall Street remains cautious but not uniformly negative. American Banking News article Negative Sentiment: Zacks Research lowered Mosaic’s FY2026 EPS estimate to $0.75 from $0.86, signaling weaker expected near-term profitability. Zacks.com Negative Sentiment: FY2027 and FY2028 estimates were also cut, along with multiple quarterly forecasts for 2026–2028, reinforcing concerns about earnings momentum. Zacks.com Mosaic Profile (Free Report)

Mosaic Co is one of the world’s leading producers and marketers of concentrated phosphate and potash crop nutrients. The company’s primary business activities center on the extraction, processing and distribution of phosphate rock, phosphate-based fertilizers and potash products. These core nutrients are essential components in modern agriculture, supporting crop yields and soil health across a range of farming applications.

In its phosphate segment, Mosaic operates mining and production facilities that convert phosphate rock into concentrated phosphates, finished phosphate fertilizers and feed phosphates for animal nutrition.

Recommended Stories Five stocks we like better than Mosaic RTX and Lockheed Earnings: Can Strong Guidance Reset the Defense Trade? These 4 Earnings Reports Expose the Market’s Growing Economic Divide Broadcom May Be the Biggest Winner From Alphabet’s Earnings Volatility Is Back and These 3 Market Tollbooths Are Best Positioned to Profit Want to see what other hedge funds are holding MOS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The Mosaic Company (NYSE:MOS – Free Report).

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Resources Investor Relations Journalists Agencies Client Login Send a Release News Products Contact , /PRNewswire/ -- The Mosaic Company (NYSE: MOS) plans to release second quarter 2026 earnings results on Tuesday, August 4th, following the close of trading on the New York Stock Exchange. The company will issue a news wire alert when earnings materials are publicly available on the company's website.

On Wednesday, August 5th, beginning at 11:00 a.m. Eastern Time, the company will host a conference call to discuss the results. Phone lines will then be opened to allow for questions. A webcast of the conference call can be accessed by visiting Mosaic's website, and an audio replay of the call will be available on the website for up to one year from the time of the earnings call.

Conference Call Details:

About The Mosaic Company
The Mosaic Company (NYSE: MOS) helps the world grow the food it needs. Headquartered in Tampa, Florida, Mosaic is a leading producer and marketer of potash and phosphate fertilizer which are essential inputs for the world's farmers. Through the Mosaic Biosciences platform, the company is advancing the next generation of biological solutions designed to improve nutrient use efficiency, strengthen crop performance, and support more sustainable agricultural systems. As a Fortune 500 company with 13,000 employees serving customers in more than 40 countries, Mosaic is helping build resilient and productive food systems for the future. More information on the company is available at www.mosaicco.com.

SOURCE The Mosaic Company

Stocks are comfortably higher on Tuesday, with the Nasdaq Composite Index (IXIC) up triple digits as chip stocks rally. All three major benchmarks are on track for strong quarterly gains, with the Dow Jones Industrial Average (DJI) headed for its best first-half performance since 2021.

The small-cap Russell 2000 Index (RUT) has surged more than 21% in 2026 and is on pace for its strongest first half since 1991. Meanwhile, economic data released today showed May job openings totaled 7.59 million, topping expectations of 7.3 million, while June consumer confidence edged up to 91.2 but fell short of estimates.

Continue reading for more on today's market, including:

Solar giant joins Open Compute Project to set AI infrastructure rules.  Air taxi stock flying on Toyota manufacturing venture.  Plus, defense stock options pop after earnings; and two chemical names moving today. 

Options traders are targeting AeroVironment Inc (NASDAQ:AVAV), after the company's strong fiscal fourth-quarter results. So far, the defense technology name has seen 21,000 calls and 18,000 puts exchanged, which is already nine times the average daily options volume. The weekly 7/2 150-strike put is the most popular, with new positions being sold-to-open here. At last glance, AVAV was up 17.3% at $163.10, extending a bounce off its June 25, 52-week low of $135.20 and grappling with its 50-day moving average. Year to date, the equity is down roughly 33%. 

The New York Stock Exchange's (NYSE) Air Products and Chemicals Inc (NYSE:APD) is up 9.4% at $296.89, after news that the company will not proceed with the Louisiana Clean Energy (LCEC) Project due to expected financial returns not meeting strict criteria. Headed for its best daily percentage gain since a 9% pop in November, the shares are up 18% year to date. 

Chemical stock Mosaic Co (NYSE:MOS) is down 6.4% at $21.00, after Morgan Stanley lowered its price target to $26 from $28, maintaining its "equal weight" rating. This comes after the White House announced a temporary suspension of antidumping and countervailing duties on certain phosphate fertilizers imported from Morocco. Since the start of the year, MOS is down 11.8%. 

Montreal, Quebec--(Newsfile Corp. - June 16, 2026) - Mosaic Minerals Corporation (CSE: MOC) ("Mosaic" or the "Company") is pleased to announce the start of its summer exploration campaign on its Golden Island gold property. Field crews are currently deployed on site to begin preliminary work for the season.

Preparatory Work and Stripping

A team is currently in the field to begin the first phase of the campaign. Initial work will consist of clearing access roads and cleaning historical trenches. These preparatory steps will allow the Company's geologists to identify priority areas for prospecting and stripping before the arrival of heavy machinery expected in the coming days.

Mapping, Sampling, and Exploration

As soon as access roads and trenches are cleared, the geological team will conduct an initial surface sampling program, including groove sampling, as well as a complete geological survey. The campaign, officially scheduled to run from June 16 until the end of July, will include the following steps:

Precise Location: GPS survey of all historical trenches, the original shaft, the underground gallery entrance, and the old drill collars drilled by SOQUEM.Underground Evaluation: Safe walkthrough and sampling of the existing gallery to catalog and analyze all internal mineralized structures.Targeted Exploration: Intensive exploration in the immediate vicinity of the main zone.Link To Map 1

Bulk Sampling Program (Mini-Bulk)

To better assess the nature of the mineralization at Golden Island, the Company also plans to collect mini-bulk samples of approximately 500 kg each from the various identified areas. These samples will be processed in a small pilot plant to evaluate the ratio of coarse gold to overall mineralization. This method will act as a large-scale metal screening analysis, thus providing a much more accurate representation of the system's gold content.

"We are eager to rediscover the potential of Golden Island. Historical work provides us with excellent targets, and our rigorous approach, including mini-bulk testing, will allow us to fully understand the dynamics of coarse gold on the property," concluded Jonathan Hamel, CEO of Mosaic.

Historical Work and Resources

Multiple exploration programs have been carried out in previous years. Notably, in 1982, SOQUEM completed a short program of 8 drill holes (1,150 meters), three of which were drilled in the main zone. (See Table 1)

Table 1 – Drilling Results - SOQUEM 1982 (GM38876)

Drill holeFrom (m)To (m)Length (m)Grade (g/t Au)Zone82-263,581,217,71,18MainIncluding75,681,25,62,99
And111,18137,1025,91,42
Including111,18123,5011,72,09
82-656,170,514,41,25MainIncluding56,161,35,22,01

67,670,52,92,97
82-840,453,513,11,49MainIncluding46,851,95,12,39
It should also be noted that drill hole 82-5, located approximately 1 km northwest of the main zone, intersected a 4.7-meter interval grading 1.31 g/t Au. This drill hole is associated with the same magnetic anomaly as the one linked to the main shaft.

2024 Exploration Campaign

An exploration session using an underwater drone allowed for the clear identification, through photography, of quartz veins and veinlets within the gallery walls. The rock's strength has ensured that the gallery has not collapsed, even after nearly a century. Sampling work carried out in the fall of 2024 focused on a set of gold-bearing veins located southeast of the old mine shaft. A total of 25 selected samples were collected (see Table 2) from both the old trenches and outcrops.

During the 2024 sampling, the presence of numerous quartz veins was noted in the vicinity of the trenches and the main shaft. The gold-bearing zone is in contact with a strong magnetic anomaly several kilometers long, running in a NW-SE direction.

Table 2 – Best Sample Results (Autumn 2024)

Sample
DescriptionUTM EUTM Ng/t AuO0292983
Granodiorite outcrop with quartz vein32961053480254,58O0292984
Granodiorite outcrop with quartz vein32962253480183,89O0292988
Zone T, Old N-S trench, possible greenish malachite veneer, cubic PY,32962553479927,50O0292991
Old trench, E-W contact zone, Vn QZ and granodiorite, tr CPY, coarse PY3296325348009101,19O0292993
Granodiorite outcrop, presence of a vertical vein, outcrop never broken329628534804317,94O0292994
Granodiorite (never broken) Vn QZ tension, vertical, small gold grain in AK, proximity 17 g/t329627534804256,69O0292998
Granodiorite with quartz vein, trace of PY, Z zone drilling area329834534824596,13O0293000
Resampling of the block area containing sample O0292985329627534802055,31Qualified Person

The scientific and technical information of Mosaic Minerals Corporation included in this press release has been reviewed and approved by Robert Gagnon, P.Geo, Director of Mosaic Minerals and qualified person under National Instrument 43-101 respecting information concerning mining projects ("Regulation 43-101").

About Mosaic Minerals Corporation

Mosaic Minerals Corp. is a Canadian mining exploration company listed on the Canadian Securities Exchange (CSE: MOC). The Company is developing the Golden Island (Au), Amanda (Au) and Gaboury (Ni) projects located in Abitibi and James Bay (Quebec).

This release contains certain "forward-looking information" under applicable Canadian securities laws concerning the Arrangement. Forward-looking information reflects the Company's current internal expectations or beliefs and is based on information currently available to the Company. In some cases, forward-looking information can be identified by terminology such as "may", "will", "should", "expect", "intend", "plan", "anticipate", "believe", "estimate", "projects", "potential", "scheduled", "forecast", "budget" or the negative of those terms or other comparable terminology. Assumptions upon which such forward-looking information is based includes, among others, that the conditions to closing of the Arrangement will be satisfied and that the Arrangement will be completed on the terms set out in the definitive agreement. Many of these assumptions are based on factors and events that are not within the control of the Company, and there is no assurance they will prove to be correct or accurate. Risk factors that could cause actual results to differ materially from those predicted herein include, without limitation: that the remaining conditions to the Arrangement will not be satisfied; that the business prospects and opportunities of the Company will not proceed as anticipated; changes in the global prices for gold or certain other commodities (such as diesel, aluminum and electricity); changes in U.S. dollar and other currency exchange rates, interest rates or gold lease rates; risks arising from holding derivative instruments; the level of liquidity and capital resources; access to capital markets, financing and interest rates; mining tax regimes; ability to successfully integrate acquired assets; legislative, political or economic developments in the jurisdictions in which the Company carries on business; operating or technical difficulties in connection with mining or development activities; laws and regulations governing the protection of the environment; employee relations; availability and increasing costs associated with mining inputs and labour; the speculative nature of exploration and development; contests over title to properties, particularly title to undeveloped properties; and the risks involved in the exploration, development and mining business. Risks and unknowns inherent in all projects include the inaccuracy of estimated reserves and resources, metallurgical recoveries, capital and operating costs of such projects, and the future prices for the relevant minerals. The Canadian Securities Exchange does not accept responsibility for the adequacy or accuracy of this release.

NOT FOR DISTRIBUTION IN THE UNITED STATES OR ANY US NEWS WIRE SERVICES AND DOES NOT CONSTITUTE AN OFFER OF THE TITLES DESCRIBED HEREIN.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/301668

Source: Mosaic Minerals Corporation

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A US-Iran deal that could reopen the Strait of Hormuz led to mixed fertilizer stock reactions. (Scott Olson/Getty Images)

Fertilizer stocks had a mixed reaction after the U.S. and Iran reached a preliminary deal that could ease the supply shock that lifted fertilizer prices earlier this year. The deal is good news for fertilizer buyers, but bad news for producers.

Key Takeaways Mosaic set to report Q1 2026 results on May 11, with revenues seen up 4.9% year over year.MOS benefits from strong fertilizer demand, higher prices and cost-cut actions.Mosaic faces margin pressure from rising sulfur costs and expects up to $400M in pre-tax charges. The Mosaic Company (MOS - Free Report) is set to release first-quarter 2026 results before the opening bell on May 11.

Mosaic beat the Zacks Consensus Estimate for earnings in two of the trailing four quarters, and missed it twice. It delivered a trailing four-quarter negative earnings surprise of around 11.6%, on average. The company is expected to have benefited from favorable demand for phosphate and potash, higher fertilizer prices and actions to improve its cost structure in the first quarter amid headwinds from input cost inflation.

MOS's shares are down 26.3% in the past year compared with the Zacks Fertilizers industry’s 19.4% rise.

Image Source: Zacks Investment Research

Let’s see how things are shaping up for this announcement.

What Do MOS’ Revenue Estimates Say?The Zacks Consensus Estimate for first-quarter consolidated revenues for MOS is currently pegged at $2,749.3 million, reflecting a year-over-year increase of 4.9%.

Factors at Play for MOS StockStrong demand for fertilizers is expected to have aided Mosaic’s volumes in the first quarter. Attractive farm economics continue to drive demand for fertilizers globally. Farmer economics remain favorable in most global growing regions due to strong crop demand and affordable inputs. The phosphate market is benefiting from higher global demand and low producer and channel inventories. Demand for grains and oilseeds remains high globally. Improved farmer affordability is also driving demand for fertilizers.

Our estimate for consolidated sales volumes for the first quarter is 6.1 million tons, suggesting a 5% year over year rise.

MOS’s actions to improve its operating cost structure through transformation plans are also expected to have aided its profitability. Mosaic remains on track with its cost-reduction plan, which is expected to drive $250 million in run-rate cost reductions by the end of 2026, having already achieved $150 million in cost reduction targets in 2025, mostly in Fertilizantes. The additional cost reductions are expected to be realized through optimization of the supply chain, automation of administrative functions, absorption of fixed costs and operational cost cuts.

Higher fertilizer prices are also expected to have supported the company’s first-quarter performance. Strong demand and supply tightness have led to an uptick in fertilizer prices, with phosphate prices seeing a notable increase. Prices were driven by solid agricultural demand in major markets, China’s export restrictions, U.S. tariffs and higher costs of inputs. The upward momentum in fertilizer prices continues this year.

Our estimate for the average selling price for the Phosphate unit is pegged at $653 per ton, indicating a 3.3% year over year increase. The same for the Potash unit stands at $260 per ton, suggesting an 11% year over year rise.

Mosaic uses sulfur and ammonia as key inputs for the production of phosphate. Supply disruptions contributed to the rise in prices of both sulfur and ammonia last year. Plant shutdowns and maintenance led to a tight supply of these raw materials, which, coupled with strong demand, pushed up their prices. Higher raw material costs led to an increase in the company’s production costs.

The impacts of raw material inflation are likely to reflect in the company’s margins in the first quarter. MOS has witnessed a sharp increase in sulfur price since late 2025, which is expected to have weighed on phosphate margins in the first quarter.

Mosaic, last month, announced that it will idle its Araxa Mining and Chemical Complex and suspend mining operations at the Patrocínio Complex in Brazil as part of a strategic effort to streamline operations and improve cost efficiency.  The company expects these actions to reduce its annual phosphate production at Mosaic Fertilizantes by approximately 1 million tons, reflecting a meaningful decline in Brazilian output. Mosaic intends to pursue the sale of its Araxa assets, signaling a broader portfolio optimization strategy focused on higher-return operations.

 The company anticipates a pre-tax charge of $350-$400 million for the first quarter of 2026, including $275 million to $300 million in asset impairments and the remainder related to severance and contract termination costs. Some impacts of these charges are expected to reflect on MOS’s first-quarter results.

What Our Model Unveils for MOS StockOur proven model does not conclusively predict an earnings beat for Mosaic this season. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the chances of an earnings beat. But that’s not the case here.

Earnings ESP: Earnings ESP for MOS is -7.50%. The Zacks Consensus Estimate for the first quarter is currently pegged at 20 cents. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.

Zacks Rank: MOS currently carries a Zacks Rank #3.

Basic Materials Stocks That Warrant a LookHere are some companies in the basic materials space you may want to consider as our model shows they have the right combination of elements to post an earnings beat this quarter:

Lithium Americas Corp. (LAC - Free Report) , expected to release earnings on May 21, has an Earnings ESP of +15.23% and carries a Zacks Rank #3. You can see the complete list of today’s Zacks #1 Rank stocks here.

The consensus estimate for LAC’s earnings for the first quarter is currently pegged at a loss of 7 cents.

Wheaton Precious Metals Corp. (WPM - Free Report) , scheduled to release earnings on May 7, has an Earnings ESP of +7.44% and carries a Zacks Rank #3 at present.

The consensus mark for WPM’s first-quarter earnings is currently pegged at $1.15.

Barrick Mining Corporation (B - Free Report) , slated to release earnings on May 11, has an Earnings ESP of +0.56%.

The Zacks Consensus Estimate for B's earnings for the first quarter is currently pegged at 74 cents. B currently carries a Zacks Rank #3.

The Mosaic Company (NYSE:MOS) will release earnings for its first quarter before the opening bell on Monday, May 11.

Analysts expect the company to report quarterly earnings of 22 cents per share, down from 49 cents per share in the year-ago period. The consensus estimate for Mosaic's quarterly revenue is $2.9 billion (it reported $2.62 billion last year), according to Benzinga Pro.

Ahead of quarterly earnings, CIBC analyst Hamir Patel, on April 30, maintained a Neutral rating on Mosaic and lowered the price target from $32 to $27.

With the recent buzz around Mosaic, some investors may be eyeing potential gains from the company's dividends too. As of now, Mosaic has an annual dividend yield of 3.84%, which is a quarterly dividend amount of 22 cents per share (88 cents a year).  

So, how can investors exploit its dividend yield to pocket a regular $500 monthly?

To earn $500 per month or $6,000 annually from dividends alone, you would need an investment of approximately $156,200 or around 6,818 shares. For a more modest $100 per month or $1,200 per year, you would need $31,249 or around 1,364 shares.

To calculate: Divide the desired annual income ($6,000 or $1,200) by the dividend ($0.88 in this case). So, $6,000 / $0.88 = 6,818 ($500 per month), and $1,200 / $0.88 = 1,364 shares ($100 per month).

Note that dividend yield can change on a rolling basis, as the dividend payment and the stock price both fluctuate over time.

How that works: The dividend yield is computed by dividing the annual dividend payment by the stock’s current price.

For example, if a stock pays an annual dividend of $2 and is currently priced at $50, the dividend yield would be 4% ($2/$50). However, if the stock price increases to $60, the dividend yield drops to 3.33% ($2/$60). Conversely, if the stock price falls to $40, the dividend yield rises to 5% ($2/$40).

Similarly, changes in the dividend payment can impact the yield. If a company increases its dividend, the yield will also increase, provided the stock price stays the same. Conversely, if the dividend payment decreases, so will the yield.

MOS Price Action: Shares of Mosaic fell 2.8% to close at $22.91 on Thursday.

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Mosaic, the fertilizer producer, reports a loss of $258 million in the first quarter amid rising input costs.

Mosaic (MOS - Free Report) came out with quarterly earnings of $0.05 per share, missing the Zacks Consensus Estimate of $0.2 per share. This compares to earnings of $0.49 per share a year ago. These figures are adjusted for non-recurring items.

This quarterly report represents an earnings surprise of -75.00%. A quarter ago, it was expected that this fertilizer maker would post earnings of $0.48 per share when it actually produced earnings of $0.22, delivering a surprise of -54.17%.

Over the last four quarters, the company has surpassed consensus EPS estimates just once.

Mosaic, which belongs to the Zacks Fertilizers industry, posted revenues of $3 billion for the quarter ended March 2026, surpassing the Zacks Consensus Estimate by 9.04%. This compares to year-ago revenues of $2.62 billion. The company has topped consensus revenue estimates two times over the last four quarters.

The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.

Mosaic shares have lost about 7.9% since the beginning of the year versus the S&P 500's gain of 8.1%.

What's Next for Mosaic?While Mosaic has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?

There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.

Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.

Ahead of this earnings release, the estimate revisions trend for Mosaic was mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.

It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $0.23 on $3.16 billion in revenues for the coming quarter and $1.56 on $12.79 billion in revenues for the current fiscal year.

Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Fertilizers is currently in the top 15% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.

Another stock from the same industry, ICL Group (ICL - Free Report) , has yet to report results for the quarter ended March 2026. The results are expected to be released on May 13.

This potash and fertilizer producer is expected to post quarterly earnings of $0.10 per share in its upcoming report, which represents a year-over-year change of +11.1%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.

ICL Group's revenues are expected to be $1.83 billion, up 3.9% from the year-ago quarter.

U.S. stocks traded higher this morning, with the Dow Jones gaining around 0.1% on Monday.

Following the market opening Monday, the Dow traded up 0.11% to 49,661.54 while the NASDAQ gained 0.17% to 26,292.83. The S&P 500 also rose, gaining, 0.24% to 7,416.79.

Leading and Lagging Sectors

Energy shares jumped by 1.8% on Monday.

In trading on Monday, communication services stocks fell by 1.5%.

Top Headline

Mosaic Co (NYSE:MOS) shares fell around 2% on Monday after the company released earnings results for the first quarter.

The company posted adjusted EPS of 5 cents, missing market estimates of 24 cents per share. The company's sales came in at $2.998 billion beating expectations of $2.897 billion.

Equities Trading UP
           

Equities Trading DOWN

Commodities

In commodity news, oil traded up 2% to $97.36 while gold traded up 0.3% at $4,742.50.

Silver traded up 6.9% to $86.355 on Monday, while copper rose 3.1% to $6.4875.

Euro zone

European shares were mixed today. The eurozone's STOXX 600 rose 0.1%, while Spain's IBEX 35 Index fell 0.3%. London's FTSE 100 rose 0.4%, Germany's DAX fell 0.1%, while France's CAC 40 declined 0.9%.

Asia Pacific Markets

Asian markets closed mixed on Monday, with Japan's Nikkei 225 falling 0.47%, Hong Kong's Hang Seng Index gaining 0.05%, China's Shanghai Composite gaining 1.08% and India's BSE Sensex falling 1.70%

Economics

U.S. existing home sales rose by 0.2% to an annualized rate of 4.02 million units in April.

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The Mosaic Company (MOS) Q1 2026 Earnings Call Transcript

Mosaic Company (NYSE:MOS) on Monday reported mixed first-quarter results.

The company posted adjusted earnings per share of five cents, below analyst expectations of 24 cents. Revenue of $2.998 billion came slightly ahead of the $2.897 billion consensus estimate.

The company continues to project roughly 9 million tonnes of potash production in 2026, supported by strong output at Esterhazy, which is expected to offset the impact of the Carlsbad divestiture.

Mosiac sees second-quarter potash sales volumes of 1.9–2.1 million tonnes, with realized mine-gate MOP pricing projected at $260–$280 per tonne.

Mosaic shares gained 2.4% to trade at $22.32 on Tuesday.

These analysts made changes to their price targets on Mosaic following earnings announcement.

Mizuho analyst Christopher Parkinson maintained Mosaic with a Neutral and lowered the price target from $27 to $24. JP Morgan analyst Jeffrey Zekaukas maintained the stock with an Underweight rating and cut the price target from $24 to $19. Considering buying MOS stock? Here’s what analysts think:

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Long bonds are doing something they have not done in years: pricing real risk. With the 10-year Treasury at 4.67% and the 20- and 30-year already above 5%, capital is rotating out of duration-sensitive growth and into companies that actually make stuff out of the ground. That backdrop favors value cyclicals: energy producers, miners, and fertilizer names with hard assets, real cash flow, and pricing power tied to physical commodities. For retail investors, the screen gets interesting under $40, where a few classic cyclical names still trade at depressed multiples despite improving fundamentals.

Of the five tickers in focus for this rotation theme (CNX, FCX, MOS, HCC, and E), only two currently clear the $40 ceiling. Here is what the data says about them.

CNX Resources (NYSE: CNX) CNX Resources (NYSE:CNX | CNX Price Prediction) is an Appalachian Basin natural gas producer focused on the Marcellus and Utica shales. Shares last traded at $37.37, which keeps the name inside the under-$40 value bucket even after a 15.13% one-year gain.

The fundamentals are doing the heavy lifting. CNX reported Q1 2026 EPS of $2.18 against a $0.97 consensus on revenue of $786.65 million, up 28.84% year over year. Free cash flow came in at $139 million, and management still guides to roughly $525 million of full-year free cash flow. The stock trades at a trailing P/E of 5 and an EV/EBITDA of 3, with an analyst target price of $39. The bull case is clean: 81% of 2026 gas is hedged, the Apex Energy acquisition added about 23,000 Utica acres, and management spent $54 million on buybacks in the quarter.

The risk is gas itself. Henry Hub spot recently sat near $2.82/MMBtu, well below CNX’s $3.64/MMBtu forward assumption, and the company already flagged around $193 million in projected 2026 realized hedging losses. Even so, the cash flow profile and valuation give this one a margin of safety that most cyclicals at this point in the cycle simply do not offer.

Mosaic (NYSE: MOS) Mosaic (NYSE:MOS) mines phosphate and potash and runs a large Brazil fertilizer distribution arm. Shares trade at $21.40, down 37.62% over the past year, which puts the stock well below its book value of $38.07 and at a price-to-book of 0.59.

The most recent quarter was ugly. Mosaic posted Q1 2026 adjusted EPS of $0.05, missing the $0.22 consensus by 77.13%, with a GAAP net loss of $257.6 million. The culprit was a $280 million year-over-year spike in raw material costs, with sulfur prices breaching $1,200 per tonne. Management responded by curtailing production, cutting capex guidance to $1.25 billion, and launching a $50 million annualized cost-savings program.

The bull case rests on pricing tailwinds finally feeding through. Q2 phosphate is guided at $760 to $780 per tonne, the highest level in the recent earnings record, and both China and Brazil set Q1 potash import records. The analyst target sits at $27.22, and the 4.04% dividend yield pays investors to wait. CEO Bruce Bodine said the company is positioned to “benefit when market dynamics improve.”

The risk is straightforward: if sulfur stays elevated and Brazil credit conditions tighten further, the recovery slips into 2027. Mosaic is a leveraged play on fertilizer margin normalization, not a stable compounder.

The bottom line CNX offers cash flow and capital returns at a low multiple, while Mosaic is a deeper-cyclical bet on commodity normalization. Both fit the rotation narrative as long-bond yields march toward 5%, but each carries commodity risk that can override the macro setup. Investors should do their own work on hedging schedules, raw material inputs, and capital allocation before treating either as a bargain.

Mosaic Company is navigating a fertilizer cycle trough with high input costs and significant earnings uncertainty, judging by its FQ1 2026 earnings update. MOS reported a 14.4% YoY revenue increase to $3.0B, but EPS dropped ~90% YoY to $0.05. Dividend yield, currently around 3.91%, is near a peak level in at least five years.

A month has gone by since the last earnings report for Mosaic (MOS - Free Report) . Shares have lost about 5% in that time frame, underperforming the S&P 500.

But investors have to be wondering, will the recent negative trend continue leading up to its next earnings release, or is Mosaic due for a breakout? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at its most recent earnings report in order to get a better handle on the important catalysts.

Mosaic's Q1 Earnings Lag Estimates on Higher Input Costs, Sales Up Y/YMosaic posted first-quarter 2026 adjusted earnings of 5 cents per share, down 89.8% from 49 cents a year ago. The figure missed the Zacks Consensus Estimate of 20 cents by 75%.

Net sales rose 14.4% year over year to roughly $3 billion and beat the consensus estimate of $2.75 billion by 9%. Results reflected volatile fertilizer and raw material markets.

Segment HighlightsThe Phosphate segment generated net sales of $1.4 billion in the quarter, up from $1.1 billion a year ago. Sales volumes increased to 1.9 million tons from 1.5 million tons, in line with our estimate of 1.9 million tons. Gross margin fell sharply to $2 per ton from $111 per ton, as higher raw material costs overwhelmed the benefit of better volumes. The average DAP selling price was $668 per ton versus $623 per ton in the year-ago quarter.

The Potash segment delivered net sales of $667 million, up from $570 million a year ago. Sales volumes were 2.2 million tons compared with 2.1 million tons in the prior-year period. The figure beat our estimate of 2.1 million tons. Gross margin improved to $88 per ton from $80 per ton. Higher realized prices more than offset a higher cost environment. The average MOP selling price rose to $265 per ton from $223 per ton.

Mosaic Fertilizantes posted net sales of $937 million, essentially flat with $934 million a year ago. Sales volumes declined to 1.6 million tons from 1.8 million tons, while gross margin compressed to $22 per ton from $69 per ton. The average finished product selling price increased to $527 per ton from $452 per ton. The company said the decision to idle operations at Araxa and Patrocinio resulted in charges totaling $442 million, which drove the reported loss in the quarter. The ongoing credit constraints in Brazil were also flagged as a headwind to distribution margins.

FinancialsMosaic ended the quarter with cash and cash equivalents of $281.8 million, compared with $276.6 million at the end of 2025. Long-term debt (net of current maturities) was $4.27 billion versus $4.25 billion at the end of 2025.

Cash flow from operating activities was $104.2 million in the first quarter, up from $42.9 million a year ago, aided by improved working capital dynamics. Capital expenditures were $356.8 million, and free cash flow was negative $252.6 million, consistent with typical first-quarter seasonality.

Mosaic paid a regular dividend of 22 cents per share in the quarter.

OutlookFor 2026, Mosaic reduced capital expenditure guidance by $250 million to $1.25 billion and maintained its potash production outlook of about 9 million tons. For the second quarter, phosphate sales volumes are expected to be 1.4 to 1.7 million tons with DAP prices of $760 to $780 per ton, while potash sales volumes are projected to be 1.9 to 2.1 million tons with MOP prices of $260 to $280 per ton. Management also reaffirmed key annual guideposts, including SG&A expense of $520 to $540 million, net interest expense of $200 to $220 million, and cash taxes of $275 to $325 million.

How Have Estimates Been Moving Since Then?In the past month, investors have witnessed a downward trend in fresh estimates.

The consensus estimate has shifted -52.22% due to these changes.

VGM ScoresCurrently, Mosaic has a subpar Growth Score of D, a score with the same score on the momentum front. However, the stock was allocated a score of B on the value side, putting it in the second quintile for value investors.

Overall, the stock has an aggregate VGM Score of C. If you aren't focused on one strategy, this score is the one you should be interested in.

OutlookEstimates have been broadly trending downward for the stock, and the magnitude of these revisions indicates a downward shift. It's no surprise Mosaic has a Zacks Rank #4 (Sell). We expect a below average return from the stock in the next few months.