Oct. 21 at 5:42 PM
Nutrien Ltd. shares fell on Tuesday after the fertilizer producer announced plans to close its Trinidad Nitrogen operations at the Point Lisas facility starting October 23, 2025.
The Canadian agricultural solutions company cited port access restrictions imposed by the National Energy Corporation of Trinidad and Tobago and the lack of reliable, affordable natural gas supply as the primary reasons for the closure. These factors have significantly reduced the free cash flow contribution from its Trinidad operations "over an extended period of time," according to the company.
Nutrien's Trinidad facilities produce approximately 85,000 tons of ammonia and 55,000 tons of urea per month. Despite the closure, the company expects to remain within its 2025 nitrogen sales volume guidance range of 10.7 to 11.2 million tons, highlighting the "solid ongoing performance" of its North American nitrogen operations.
$NTR