MOS · Full Picture

MOSAIC CO — the full picture

Earnings window · 2026-07-15 to 2026-08-09 · anchored on the 10-Q report

One earnings window, everything merged: the filing, the call, press releases and news digests, folded into ranked threads.

What to look at first

  1. Operating Expense Trends · Operating expenses (SG&A)Priority 87
    -29.6% operating_income; 2 sources (press_release, sec_filing); 2 forward row(s); structured_verified
    Other operating expenses for the six months ended June 30, 2026: $352.4 million, up from $134.3 million in the prior-year period; included charges totaling approximately $159 million in connection with Araxá divestiture and Patrocínio idling (approx. $72 million contract terminations, $56 million impairment of PPE, $21 million write-off of inventory and other costs, $10 million severance and other employee costs) and approx. $37 million of idle costs; partially offset by gain on sale of land of approx. $31 million.
  2. Gross Margin Drivers · Gross marginPriority 81
    -49.1% operating_income (realized); structured_verified
    Gross margin for the six months ended June 30, 2026: $450.3 million, compared to $1,007.0 million in the prior-year period.
  3. Brazil Asset Divestiture and Idling · M&A and divestituresPriority 76
    -17.1% operating_income (realized); structured_verified
    Committed in March 2026 to a plan to divest the Araxá mining and chemical complex and idle related mining activities at the Patrocínio complex in Brazil, resulting in an initial charge of approximately $442 million in Q1 2026 and subsequent costs of approximately $40 million in the current quarter.
  4. Capital Expenditure Outlook · Capital expenditurePriority 75
    3 sources (news, press_release, sec_filing); 1 forward row(s); quote_verified
    Capital expenditures in 2026 are now expected to be $1.20 billion, down from previous expectation of $1.25 billion
  5. FX / Currency Headwinds · Currency / FXPriority 75
    -18.2% net_income (realized); 2 sources (press_release, sec_filing); structured_verified
    Company recorded foreign currency transaction losses of $39.4 million and $1.8 million for the three and six months ended June 30, 2026 respectively, compared to gains of $169.4 million and $302.5 million for the same periods in 2025; fluctuations primarily from Canadian dollar and Brazilian real relative to U.S. dollar.
  6. Liquidity and Debt Position · Debt, leverage & refinancingPriority 75
    -4.1% net_income; 3 sources (news, press_release, sec_filing); 4 forward row(s); quote_verified
    Target liquidity buffer up to $3.0 billion, including cash and available committed and uncommitted credit lines.
  7. Net Income and Profitability · Operating income & profitabilityPriority 71
    -24.3% net_income (realized); quote_verified
    Mosaic reported Q2 revenue of $2.82 billion, net loss of $265.5 million, and diluted EPS of ($0.86) versus prior-year revenue of $3.01 billion and prior-year net income of $419.7 million.
  8. Revenue Performance and Mix · Revenue growth & mixPriority 67
    +7.4% revenue (realized); 3 sources (news, press_release, sec_filing); structured_verified
    Mosaic reported a Q2 2026 net loss of $273 million, or $0.86 per share, and revenue declined 6% year-over-year to $2.82 billion.
  9. Notable Items and Net Loss · Operating income & profitabilityPriority 66
    -12.4% operating_income (realized); quote_verified
    Notable items for three months ended June 30, 2026 combined: $(351) million pre-tax
  10. Acquisitions and Divestitures · M&A and divestituresPriority 64
    -8.5% operating_income (realized); structured_verified
    Recorded loss on assets to be sold of $6.2 million for the three months ended June 30, 2026 related to completion of sale of Carlsbad facility; and $238.8 million for the six months ended June 30, 2026 which included an impairment loss of approximately $232.6 million related to classifying Araxá disposal group as held for sale.
  11. Income Tax Rate Changes · TaxPriority 64
    2 sources (press_release, sec_filing); quote_verified
    Effective tax rate for the three months ended June 30, 2026: 11.2% with a tax benefit (provision) of $(33.8) million; for the six months ended June 30, 2026: effective tax rate 11.0% with tax benefit of $(64.8) million.
  12. Free Cash Flow and Liquidity · Cash flow generationPriority 63
    -2.6% cash (realized); 2 sources (news, sec_filing); 3 forward row(s); structured_verified
    S&P anticipates a discretionary cash flow deficit of $400 million to $500 million in 2026 leading to increased debt for the company.

Threads by pillar

Revenue & Demand Priority 80 · 5 threads

Costs & Margins Priority 94 · 8 threads

Capital & Balance Sheet Priority 92 · 6 threads

Strategy & Portfolio Priority 84 · 4 threads

Guidance & Outlook Priority 35 · 1 thread

Macro & Market Conditions Priority 77 · 3 threads

Unclassified Priority 83 · 5 threads

Expected impact by metric

metricforward netforward grossrealized
operating_income-29.6%+29.6%-88.5%
net_income-4.1%+4.1%-49.9%
liability-3.5%+3.5%-2.6%
cash-3.0%+3.0%-0.7%
revenue+1.2%+1.2%-3.0%