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Nutrien NYSE , TSX : NTR August 9 , 2021 - all amounts are in US dollars except as otherwise noted SASKATOON , Saskatchewan News Release Nutrien Reports Record Earnings - and an Excellent Outlook Nutrien Ltd. ( TSX and NYSE : NTR ) announced today its second quarter 2021 results , with net earnings of $ 1.1 billion ( $ 1.94 diluted earnings per share ) . Second - quarter adjusted net earnings¹ were $ 2.08 per share and adjusted EBITDA1 was $ 2.2 billion . " We delivered record earnings across our global business for the second quarter and first half of 2021 and expect the remainder of the year to contribute to a full year record . We showcased Nutrien's unique competitive advantages , strong operating performance and the significant leverage to higher fertilizer prices as we focus on our purpose to help growers meet the ever - growing demand for increased food production in a sustainable manner , " commented Mayo Schmidt , Nutrien's President and CEO . " The outlook for global crop and fertilizer markets continues to be very strong and we are positioned to benefit from our structural advantages and as a global leader in agriculture . We increased our full year 2021 adjusted EBITDA guidance¹ by over $ 1.5 billion , supported in part by our quick actions to produce an additional one million tonnes of potash , illustrating the power of the Potash team's unparalleled flexible , reliable , and low - cost six - mine network , " added Mr. Schmidt . • Highlights : • • • • Nutrien generated record adjusted EBITDA of $ 3.0 billion and free cash flow¹ of $ 1.9 billion in the first half of 2021. This represents an increase of 36 percent and 40 percent , respectively , compared to the first half of 2020 and 17 percent and 12 percent , respectively higher than the previous record for the company in the first half of 2019 . Nutrien raised full - year 2021 adjusted EBITDA and adjusted net earnings per share¹ guidance to $ 6.0 to $ 6.4 billion and $ 4.60 to $ 5.10 per share , respectively . This reflects higher expected results across our business , as well as , the benefits of increasing our 2021 potash sales guidance by one million tonnes to address global demand in support of our grower customers around the world . By the fourth quarter of 2021 , we expect to surge potash production to an annualized run - rate of approximately 17 million tonnes , due to our flexible mine network and the responsiveness of our dedicated employees . Nutrien Ag Solutions ( " Retail " ) delivered record adjusted EBITDA in the second quarter and first half of 2021. First - half adjusted EBITDA increased 24 percent compared to the same period in 2020 as a result of double - digit growth in revenue and gross margin , higher gross margin percentage and adjusted EBITDA margins surpassing 11 percent . The increase was primarily due to organic growth supported by strong demand for grains and oilseeds , continued growth in our proprietary product sales , optimization and efficiency initiatives , as well as , the ongoing commitment of our approximately 3,600 crop advisors to serve our grower customers . Sales through our digitally - enabled retail platform were approximately $ 1.6 billion in the first half of 2021 , nearly double the sales compared to the same period in 2020 and exceeding the full year 2020 results of $ 1.2 billion in just six months . In the first half of 2021 , we processed nearly half - a - million individual grower payments through the digital platform . Potash adjusted EBITDA was 48 percent higher in the second quarter and 41 percent higher in the first half of 2021 compared to the same periods in 2020 due to higher net realized selling prices and sales volumes . We achieved record production and sales volumes of nearly 7 million tonnes in the first six months of 2021 . Nitrogen adjusted EBITDA was 45 percent higher in the second quarter and 38 percent higher in the first half of 2021 compared to the same periods in 2020 due to higher net realized selling prices . Phosphate adjusted EBITDA increased 45 percent in the second quarter and 70 percent in the first half of 2021 compared to the same periods in 2020 due to higher net realized selling prices . Subsequent to the second quarter of 2021 , Nutrien announced an agreement to purchase Terra Nova , a retail businesses in Brazil with EBITDA margins and acquisition multiples in line with similar transaction metrics for ag retail businesses acquired by Nutrien in the US . We also entered a collaboration agreement with EXMAR NV to jointly develop and build a low - carbon , ammonia - fueled vessel to further reduce maritime transportation emissions . 1 This financial measure including related guidance , if applicable , is a non - IFRS financial measure . See the " Non - IFRS Financial Measures " section for further information .