Nutrien is reporting third quarter net earnings for 2022 of $1.6 billion (U.S.) dollars.
That includes a non-cash impairment reversal of $330 million relating to Nutrien's Phosphate operations.
Ken Seitz, Nutrien’s President and CEO says they delivered record earnings in 2022 due to the strength of agriculture fundamentals, higher fertilizer prices and excellent retail performance.
He notes that during the third quarter, Nutrien saw a temporary reduction in potash purchasing in North America and Brazil.
"The underlying demand drivers remain strong and global fertilizer supply challenges still persist, creating a supportive environment for Nutrien as we look ahead to 2023 and beyond."
Seitz says they continue to take a multi-year view of the market and remain confident that our additional low-cost potash and nitrogen production capability will be required to meet future demand.
The fertilizer giant also announcing a quarterly dividend of .48 cents (U.S.) per share payable on January 13, 2023 to shareholders of record on December 30, 2022.