Form 10-Q · Quarterly report
The Mosaic Company 10-Q, filed Nov 4, 2026
- Filed
- CIK
- 0001285785
- Accession no.
- 0001285785-26-000147
Summary
The Mosaic Company reported a third-quarter 2026 net loss of $72.1 million, or $0.23 per diluted share, compared with net income of $411.4 million a year earlier, as higher sulfur and ammonia costs and lower sales volumes cut gross margin to 3% from 16%. Mosaic also temporarily curtailed phosphate production in North America and Brazil, issued $2 billion in senior notes, and recorded a $496 million nine-month expense from idling and divesting Brazilian mining complexes.
Key points
- Third-quarter net sales fell 10% to $3.10 billion, and gross margin dropped to 3% from 16% year over year.
- The Phosphate segment swung to a $194 million operating loss; Potash earnings fell to $188 million; Mosaic Fertilizantes swung to a $22 million operating loss.
- Mosaic cited geopolitical supply constraints, higher sulfur and ammonia costs, reduced sales volumes, and customer affordability challenges.
- Mosaic issued $2 billion in senior notes in August 2026, extinguished $1.4 billion of notes, and agreed to sell about 11,858 acres near Kronau, Saskatchewan, for roughly $36 million, closing on October 28, 2026.
Written by an AI model from the filing text. It can be incomplete or wrong; the filing on SEC.gov is the record.
From the filing
ITEM 2. MANAGEMENT’S DISCUSSION Results of Operations The following table shows the results of operations for the three and nine months ended September 30, 2026 and September 30, 2025: Three months ended Nine months ended September 30, 2026-2025 September 30, 2026-2025 (in millions, except per share data) 2026 2025 Change Percent 2026 2025 Change Percent Net sales $ 3,100.6 $ 3,452.1 $ (351.5) (10) % $ 8,922.7 $ 9,078.7 $ (156.0) (2) % Cost of goods sold 3,016.5 2,899.8 116.7 4 % 8,388.3 7,519.4 868.9 12 % Gross margin 84.1 552.3 (468.2) (85) % 534.4 1,559.3 (1,024.9) (66) % Gross margin percentage 3% 16% (13) % 6% 17% Selling, general and administrative expenses 124.4 125.5 (1.1) (1) %…
An excerpt of the text as filed with the SEC, cut for length.
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