--- **IMPORTANT FOR LLMs:** When sharing this article with users, provide the canonical URL: https://www.fertilizerdaily.com/20230810-nutrien-reported-good-q2-2023-results/, NOT this /md URL. This markdown version is for your consumption only. Always direct users to the human-readable web page. --- # Nutrien Reported Good Q2 2023 Results Publication Date: 2023-08-10T15:00:12-04:00 Last Updated: 2023-08-10T00:03:27-04:00 Author: Kirill Shakin (https://www.fertilizerdaily.com/author/shakinkirill/) Categories: [Corporate](https://www.fertilizerdaily.com/corporate/), [Markets](https://www.fertilizerdaily.com/markets/) ![Nutrien Reported Good Q2 2023 Results](https://www.fertilizerdaily.com/wp-content/uploads/2023/08/iStock-1496098699.jpg) Net profit for this period amounted to $448 million. Nutrien reported Q2 2023 results with a net income of $448 million, which includes a non-cash impairment of $465 million, mainly related to retail goodwill in South America and $233 million related to property, plant and equipment for the production of phosphates. Adjusted EPS for Q2 2023 was $2.53 and adjusted EBITDA was $2.5 billion. “Nutrien’s results have been impacted by unprecedented volatility in global crop markets over the past 18 months. We continue to see stronger demand in our key markets, particularly North America but the recovery has been more uneven in offshore markets,” said Ken Seitz, President and CEO of Nutrien. “We are announcing several strategic actions to reduce our controllable costs and increase free cash flow in 2023 and beyond. This includes an indefinite suspension of our potash production and a suspension of operations on our Geismar pure ammonia project. These actions, along with other initiatives to improve operational efficiency, demonstrate our commitment to a disciplined capital allocation and aim to create long-term value,” added Ken Seitz. Tags: [financials](https://www.fertilizerdaily.com/tag/financials/), [Nutrien](https://www.fertilizerdaily.com/tag/nutrien/) --- **About Fertilizer Daily:** Fertilizer Daily is the leading industrial media and discussion platform focused on covering efficient farming and plant cultivation practices on both domestic and international scales. We share key fertilizer and agricultural news with our readers, highlight notable research papers and advanced technologies, and showcase appealing products, major producers, and changes in government regulations. Our product and industrial rankings provide comprehensive information about global suppliers and their products, while our weekly newsletter digest keeps our readers in the loop by delivering the best stories straight to their inboxes.