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Agrium Inc (AGU)

AGU on New York Consolidated

97.21USD
17 Aug 2017
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Latest Key Developments (Source: Significant Developments)

Potash Corp of Saskatchewan not planning potash output cuts-CEO
Thursday, 27 Jul 2017 12:08pm EDT 

July 27 (Reuters) - Potash Corporation Of Saskatchewan Inc CEO Jochen Tilk, speaking on a conference call, said: :Potash Corp has not been approached by China-based interests for its SQM stake.Potash Corp will maintain potash market share as demand grows, has flexibility to raise output.Potash Corp has no intention to make significant cuts to potash production.  Full Article

PotashCorp Q2 earnings per share $0.24
Thursday, 27 Jul 2017 06:00am EDT 

July 27 (Reuters) - Potash Corporation Of Saskatchewan Inc ::PotashCorp reports second-quarter earnings of $0.24 per share.Q2 earnings per share $0.24.Q2 earnings per share view $0.18 -- Thomson Reuters I/B/E/S.Reaffirms FY 2017 earnings per share view $0.45 to $0.65.Potash Corp - ‍expect merger of equals with agrium to close late in Q3 of 2017​.Potash Corp - full-year 2017 guidance maintained at $0.45-$0.65 per share, including merger-related costs of $0.06 per share.Potash Corp - ‍full-year 2017 guidance maintained at $0.45-$0.65 per share, including merger-related costs of $0.06 per share​.Potash Corp Q2 sales $1,120 million versus $1,053 million."global potash markets continued to improve through Q2".Potash Corp - for potash, ‍sales volumes for quarter (2.4 million tonnes) exceeded those for comparable periods in 2016.Potash Corp sees FY 2017 capital expenditures about $600 million."in nitrogen, startup of new global capacity had a negative impact on market fundamentals during quarter".Potash Corp - ‍increased anticipated potash global shipment range to 62-65 million tonnes for 2017​.Potash Corp - ‍average realized potash price of $174 per tonne for Q2​.Potash - "despite strong demand in Latam, global phosphate markets remained subdued in Q2 largely due to increased supply and lower shipments to India".Potash Corp - for nitrogen, ‍sales volumes of 1.6 million tonnes for quarter were 6 percent higher than those in same period of 2016​.  Full Article

Canpotex says expected total shipments to China of about 2.1 mln MT for 2017
Monday, 24 Jul 2017 05:13pm EDT 

July 24 (Reuters) - Agrium Inc :Canpotex - with conclusion of new potash supply contracts with Chinese customers, confirms expected total shipments to China of about 2.1 million MT for 2017.  Full Article

Agrium sets dividend of $0.875 per share
Tuesday, 2 May 2017 11:32am EDT 

May 2 (Reuters) - Agrium Inc ::Agrium declares dividend.Sets dividend of $0.875 per share.  Full Article

Agrium reports Q1 loss per share $0.08
Monday, 1 May 2017 05:46pm EDT 

May 1 (Reuters) - Agrium Inc :Agrium reports first quarter earnings.Agrium inc - qtrly loss per share $0.08.Q1 sales $2,720 million versus $2,725 million last year.Q1 retail sales of $2,240 million versus. $2,290 million last year.Q1 wholesale sales of $675 million versus. $649 million last year.Agrium - retail crop nutrient sales volumes are expected to range between 10.0 million and 10.4 million tonnes in 2017.Says "the decline in north american corn acreage is expected to lower crop input demand this year".Agrium inc - sees 2017 total capital expenditures to be in the range of $600-million to $700-million.Agrium Inc - Q1 nitrogen sales volumes were 772,000 tonnes versus. 741,000 tonnes last year.Agrium Inc says merger with Potashcorp remains on-track for a mid-year closing.Agrium Inc - Q1 potash sales volumes were 636,000 tonnes versus. 456,000 tonnes last year.Says issuing earnings guidance of $3.75 to $4.25 diluted earnings per share for first half of 2017.Q1 earnings per share view $-0.08 -- Thomson Reuters I/B/E/S.Sees FY 2017 earnings per share $4.75 to $5.75.Fy2017 earnings per share view $5.27 -- Thomson Reuters I/B/E/S.Q1 revenue view $2.77 billion -- Thomson Reuters I/B/E/S.Agrium inc - qtrly adjusted loss per share $0.03.  Full Article

Potash Corp Of Saskatchewan Q1 earnings per share $0.18
Thursday, 27 Apr 2017 06:00am EDT 

April 27 (Reuters) - Potash Corporation Of Saskatchewan Inc :Potashcorp reports first-quarter earnings of $0.18 per share.Q1 earnings per share $0.18.Sees fy 2017 earnings per share $0.45 to $0.65 including items.Full-Year 2017 guidance increased to $0.45-$0.65 per share, including merger-related costs of $0.05 per share.Q1 sales $1,112 million versus $1,209 million last year.Potash corp - "strong demand" is expected to continue through remainder of year for potash.Potash - raised bottom end of guidance ranges for potash sales volumes and gross margin to 8.9-9.4 million tonnes and $600-$800 million, respectively for fy.Maintain combined nitrogen and phosphate gross margin estimate of $150-$400 million in 2017.Says first-quarter potash sales volumes of 2.2 million tonnes, above 1.8 million tonnes sold in same period last year.Potash corp - sees fy capital expenditures about $600 million.Nutrient affordability and lower inventories led to consistent buyer engagement in potash during q1.Potash ceo sees improved consumption trends and nutrient affordability in key markets to support potash demand and results through remainder of 2017..Says q1 average realized potash price of $166 per tonne was below $178 per tonne realized in 2016's q1.Potash sees good progress on merger of equals with agrium.Qtrly nitrogen total sales volumes of 1.6 million tonnes were down 6 percent compared to same period in 2016.  Full Article

Agrium Inc successfully commissioned its new urea plant in Texas
Tuesday, 18 Apr 2017 07:30am EDT 

April 18 (Reuters) - Agrium Inc :Agrium Inc - successfully commissioned its new urea plant with its first run of urea production at Borger nitrogen operations facility in Texas.Agrium - continue to ramp up production, expect to reach full operational capacity by end of Q2 of 2017 for Borger nitrogen operations facility in Texas.  Full Article

Potash Corp sees third-quarter closing of Agrium merger
Wednesday, 1 Mar 2017 04:36pm EST 

Potash Corporation Of Saskatchewan Inc CEO Jochen Tilk, speaking at an investor presentation in Florida: Said he expects merger with Agrium to close in third quarter Further company coverage: [POT.TO] (Reporting By Rod Nickel) ((rod.nickel@thomsonreuters.com;)).  Full Article

Agrium sets dividend of $0.875/share
Wednesday, 22 Feb 2017 11:40am EST 

Agrium Inc :Sets dividend of $0.875 per share.  Full Article

Capital Research Global Investors reports a 6 pct passive stake in Agrium as of Dec 30 - SEC Filing
Monday, 13 Feb 2017 04:56pm EST 

Agrium Inc :Capital Research Global Investors reports a 6 percent passive stake in Agrium Inc as of Dec 30, 2016 - SEC Filing.  Full Article

Agrium quarterly profit, revenue narrowly beat estimates

Canadian fertilizer maker Agrium Inc on Wednesday reported quarterly profit and revenue that edged past analysts' estimates, helped by higher selling prices for potash.