BRIEF-Potash Corp Q4 earnings per share $0.26
Jan 30 (Reuters) - Potash Corp :
* Reports fourth-quarter earnings of $0.26 per share
* Q4 earnings per share $0.26
* Q4 earnings per share view $0.33 -- Thomson Reuters I/B/E/S
* Sees Q1 2014 earnings per share $0.30 to $0.35
* Q4 sales $1.54 billion versus $1.64 billion a year ago
* Sees FY 2014 earnings per share $1.40 to $1.80
* Q4 revenue view $1.36 billion -- Thomson Reuters I/B/E/S
* Q1 earnings per share view $0.48 -- Thomson Reuters I/B/E/S
* FY 2014 earnings per share view $2.00, revenue view $6.45 billion -- Thomson
Reuters I/B/E/S
* Says Q4 nitrogen sales volumes of 1.5 million tonnes versus 1.1 million
tonnes
* Even as near-term pressure on Potash prices appears to have subsided, impact
expected to suppress offshore realizations through early 2014
* Fourth-quarter Potash sales volumes surpassed up 34 percent from 1.3 million
tonnes a year ago
* Says expect 2014 Potash sales volumes to approximate 8.2-8.6 million tonnes
* Says Q4 nitrogen average realized price $326 per tonne versus $461 per tonne
* Says capital expenditures are expected to approximate $1.1 billion in 2014,
excluding capitalized interest.
* Average realized prices for the fourth quarter $282 per tonne versus $387 per
tonne last year
* Q4 phosphate sales volumes reached 0.9 million tonnes, 11 percent above the
comparative quarter in 2012
* Q4 phosphate average realized price of $455 per tonne trailed the $577 per
tonne realized in the same period in 2012
* Pricing headwinds - most notably in Potash - weighed on our performance"
* Believe global shipments for Potash in 2014 could be in the range of 55-57
million tonnes, up about 5 percent from 2013 levels
* Says "challenging fertilizer market conditions impacted our performance"
* Says gross margins fell in quarter as lower prices in all three nutrients
more than offset improved costs & higher sales volumes
* In Potash, the uncertainty that persisted over the past six months appears to
be subsiding and we expect global demand to improve"
* Sees 2014 Potash gross margin $1.0 billion to $1.3 billion; sees 2014
nitrogen and phosphate gross margin $1.0 billion to $1.2 billion
* Source text for Eikon [ID:nPn2qxkrY]
* Further company coverage [POT.TO]