MOS - Mosaic slides as Q4 potash phosphate sales volumes fall sharply

Mosaic (NYSE:MOS) -6.1% post-market after Q4 adjusted earnings and revenues come in shy of analyst expectations, as sales volumes fell sharply for both potash and phosphates from a year earlier. Q4 potash sales volumes fell to 2.1M metric tons from 2.7M tons in the year-ago quarter, and phosphate sales volumes fell to 1.8M tons from 2.3M tons, but average MOP selling prices for potash jumped to $414/ton from $177/ton a year earlier and average DAP selling prices for phosphates climbed to $676/ton from $363/ton. The company expects upward pricing momentum to continue, with ~85% of Q1 sales committed and priced; it guides for Q1 phosphate sales volumes of 1.6M-1.8M metric tons at FOB realized prices more than $60/ton above prices realized in Q4 2021, and potash sales volumes of 1.8M-2M tons at prices more than $125/ton above Q4 levels. Mosaic said it remains on track to complete the ramp up

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Mosaic slides as Q4 potash, phosphate sales volumes fall sharply