Nutrien (NYSE:NTR) -3.5% post-market Wednesday after This fall adjusted earnings extensively missed Wall Road estimates at the same time as revenues rose 3.7% Y/Y to $7.53B.

This fall internet earnings fell to $1.19B, or $2.15/share, from $1.21B, or $2.11/share, within the year-earlier quarter, resulting from decrease gross sales volumes partially offset by greater internet realized promoting costs.

The corporate authorized a ten% enhance within the quarterly dividend to $0.53/share and authorized the acquisition of as much as 5% of its excellent frequent shares over 12 months.

Nutrien (NTR) issued draw back steering for FY 2023 earnings, seeing adjusted EPS of $8.45-$10.65, effectively under the $11.44 analyst consensus estimate, and adjusted EBITDA of $8.4B-$10B, in need of $10.23 consensus.

The corporate forecasts full-year potash gross sales volumes of 13.8M-14.6M metric tons, assuming elevated demand in its key markets of North America and Brazil in addition to continued international provide constraints in 2023, and nitrogen gross sales volumes of 10.8M-11.4M tons, assuming greater working charges at its North American crops and a continuation of fuel curtailments in Trinidad in 2023.

Nutrien (NTR) stated it’s “adjusting the ramp up timing of its present low-cost potash capability to optimize capital expenditures in-line with the tempo of anticipated demand restoration in 2023 and past,” because it now expects to succeed in 18M tons of annual operational functionality in 2026.

Nutrien (NTR) shares have gained 7.5% to this point this 12 months and three.5% through the previous 12 months.