The Mosaic Company (MOS) Earnings Call Transcripts
The Mosaic Company's Latest Earnings Call - Q2 FY2026
In the second quarter of fiscal year 2026, The Mosaic Company reported revenues of $2.1 billion and adjusted earnings per share (EPS) of $0.60, both of which were below analyst expectations, leading to a negative sentiment around the stock. Management highlighted ongoing challenges due to sulfur affordability and availability, which have necessitated production curtailments. Despite these challenges, they maintained a focus on cost management and liquidity, signaling a cautious but optimistic outlook for recovery as market conditions improve.
Reported metrics
| Metric | Value |
|---|---|
| Revenue | $2.1B (miss) |
| EPS | $0.60 (miss) |
| SG&A Costs Reduction | 20% (positive) |
| Phosphate Production | 1.4 million tonnes (miss) |
| Realized Sulfur Costs | $700 to $710 per tonne (neutral) |
| Ammonia Costs | $610 to $620 per tonne (neutral) |
Guidance from management
Management expects Q3 phosphate earnings to be lower than Q2 due to ongoing curtailments, with realized sulfur costs projected at $700 to $710 per tonne and ammonia costs at $610 to $620 per tonne.
What management said
Duffy, thanks for the question. You're right. We did see, as you said, application in North America down on phosphate last year. We're seeing the same thing this year. I'll turn it over to Jenny to give more details, but we also expect declines in Brazil and Latin America as well, mostly driven by Brazil. So let me turn it over to Jenny to give you details.
And again, because we're guiding for sale between 1.1 million tonnes to 1.4 million tonnes compared to this quarter 1.4 million tonnes, again, depending on how the market goes, there could be a little bit of downside in volumes as well.
What analysts pressed on
Analysts expressed concerns about the sustainability of phosphate application rates, particularly in North America, which are projected to decline significantly. There is also apprehension regarding the impact of sulfur supply constraints on future production and profitability.
Main topics on the call
- Sulfur Supply Challenges — Management noted that the ongoing 'Strait of Hormuz closure and more recent Kazakhstan blockade' have severely impacted sulfur availability, leading to production curtailments. They emphasized that 'Mosaic is in a better...
- Cost Management Initiatives — Mosaic has implemented aggressive cost management strategies, achieving a '20% year-over-year' reduction in SG&A costs. Management stated, 'These are real savings that we expect to be permanent,' indicating a focus on op...
- Phosphate Production Outlook — Phosphate application rates in North America are expected to decline by 'around 20%' this year, compounding yield impacts. Management indicated that 'global phosphate production will fall well short of last year by up to...
- Potash Market Stability — The potash segment remains a steady contributor to earnings, with management noting that 'the potash supply and demand picture is much more balanced.' They expect strong demand to continue, supported by 'strong palm oil ...
Read the full The Mosaic Company transcript (Q2 FY2026) → Summary generated from the call transcript; every figure above is stated by management on the record.
About The Mosaic Company
The Mosaic Company (MOS) is a publicly listed company in the Chemicals industry, within the Materials sector. It trades on NYSE and is based in US. EarningsCalls.dev maintains a free, full-text archive of its earnings call transcripts — 47 calls on record spanning February 20, 2020 to August 5, 2026. Every transcript is split into speaker-by-speaker segments with headline metrics, free to read or available through our REST API.
Earnings Call History
EarningsCalls.dev has 47 The Mosaic Company earnings call transcripts on record, spanning February 20, 2020 to August 5, 2026. Based on this history, The Mosaic Company reports quarterly. The most recent call on file is dated August 5, 2026. The full list is below — each row opens the complete, free-to-read transcript.