and share was and $X.XX. we'll Q&A Mosaic will first net quarter were $X.XX. made Session. you've $X.XX available before was Good morning. $X.X income you quarter our we some questions and live data, EBITDA earnings a which adjusted of earnings context well release provide performance I conclude delivered for with additional last joining per to billion. a as discussion. on I EPS received billion as then Thank website hope chance slides respond Adjusted And we XXXX our first had posted review to night, our yesterday. of news our
strong the additional the pricing, and to costs. benefited the and KX, transition potash segment $XXX Phosphate highlight inflow most one our as EBITDA of brine costs. mines than in input restart from from the reflect totalled from of contribution to business, adjusted largest more also Brazil. KX, as continue which the Colonsay the of evolution transition impact elimination which the higher production well management world. positive The prices, the to results Our of Esterhazy offset of the and higher million, reflecting Potash efficient
totalled seasonal quarter As pick $XXX first adjusted a particularly up. adjusted of million, on In and to result, position, inventory the end capitalized generated environment segment demand team million. Mosaic began EBITDA EBITDA Brazil, towards of Fertilizantes strong the quarter, as as market its the a $XXX
market strength soft situation crop number prices continue forward, coming pushed of commodity is to in potential XXXX. oil at is commodity use oil. prices crops, also concerns planting agricultural potentially drive season agricultural sunflowers supply export higher. year oil which being Looking likely exacerbated respective protectionist seed market and wheat security soybeans, tight with even year conflict their now corn, see will has account two Ukraine Together, with of resulting that reflecting like and market market. we has The global Russia The in the amplified elevated This grain constrained, the and and and low Ukraine's these the and situation policies extending food ratios. a seeds began grappling stock prices, risk but grain countries seed and government and and also even oil to XX-year well With in Russian XX% beyond higher. key the for between global includes reduced of at export a of
one of commonly in domestic to exports palm placed the oil, temporary a used cooking on of supply. world Indonesia As an example, last most ensure oils the week, ban
and on The priced buyers XXXX are potash sanctions likely prices remainder an to as of products global But In an pushed secure look uncertainty has impact some pushed with of Russian of in both higher. adequate prices, seeing are global also prices and today. suggests volumes. like fertilizer market Russian Global having ammonia higher phosphate uncertainty against of crop phosphates are crop have All and have supply supply strength inputs we elevated nutrient industry Russian persist and the supply. constraints, sulfur. beyond. Belarus this The to prices finished around movement combined over for exports
restrictions export China's addition, remain In place. in
especially from an drift vehicle, over side iron expect we believe we secular electric of continue lithium China's time restrictions, lower phosphate on grow, easing will phosphate chemicals While industrial and exports the trends to as demand batteries.
we On phosphate a decade. this XXXX. that shipments lagging. Similarly all global to to to forced potash incentivized Consumption indicating of remain growers the adjust affordability. to historically availability Brazil, fertilizer low demand this not We In week, good and season government strong, In economics the demand. domestic supply. is But farmer likely that prices, subsidies. compressed the very available the is thanks America, farmer some, not development for be availability, inventories of monsoon the still nutrients meet grower at increased XXXX soybean be a stronger possibility grain another prices. in India's global India strong expect from significant thanks cost, grower of in maximize and to have rising remains level also improved though pent-up cause should more North response positive as whether input see demand than offset in last help season, be a but of In to second to and suggests side, than crop but is prices will application profitability demand down highest which Today's will more yield. to
largely business we winter per be to and production, initially us. the issues first complete. our behind remain Logistical of global year constraints very KXs In tonnes context now ramp-up at impacted markets, and look optimistic. potash these we is targeted in today's quarter As million weather the X.X but appear to shipments
the directly million now operating a in at production significant March and from Colonsay, as to In [indiscernible] tonnes. was an expect forced curtailment down the is rate run online over internal our expanded we tonnes of expected material X volumes and temporary X.X to Raw higher by have CF the million quarter market. phosphates, our price in continue sales cost In first but addition which costs X.X be our Industries. the Faustina, Realized to a in the recovery prices advantage we of meet are In thanks tonnes. shielded Henry the and well prices in of global expect of back quarter target than first in needs million tonnes tonne benefit quarter. to per our In volumes second million to realized constraints we swings quarter, initial supplied with $XX Hub rail $XX in are to second ammonia, from linked supply XX% ammonia XXXX. we targets. In to our were at production agreement ammonia met escalated, X.X
were tonnes. As a result, benchmark volumes second first the phosphate quarter of In roughly costs to sales expect quarter, half our of ammonia we prices. X.X million million the X.X
expected below by volumes somewhat offset logistics levels. plays Our improvement in reflect historic inventories well sale an
than on prices first $XXX are our significantly be basis prices on an outpace phosphate higher $XXX quarter impact to tonne expected quarter per to higher Second cost the increases structure. are raw the to in of quarter expected prices. Price material fob
continue the and transformational expect the For reflecting picking quarter favorable market over began efforts we and two demand in years. the to backdrop our up the Mosaic the business should season. continue last late through first Fertilizantes Seasonal software
begin shipping fourth quarter benefit inventories, were built which to to as potash the during expect We customers.
the We are our structure, affect ongoing much seeing of believe but should inflation impact. offset cost optimization
the direction business shareholders Given key anticipate we our XXXX, free generating of a our part in capital to cash significant earnings of and flow strategy. returning remains
to expect XXXX. accelerated a share combination million the quarter dividends, to repurchase our free our authorization. XX% We completed in last shares to of including and $XXX of the share to program continue cash the shareholders first existing quarter returning continued of returned through up repurchases repurchase announced $XXX and million We through
remain billion debt Board committed that another this Part to line $X we maturity. new target was quarter long-term reaches of As debt a the approved and balance last with we finish long-term expect year, when of reducing also the later to of In met of million $XXX the last a by reminder, sheet million area our $X strength authorization. $XXX year retirement billion. reach
to some Given footprint investments investments modest wisely our able time. look believe efficiently to health a be our we in extend soil in could expansion continue MicroEssentials, return, we for for our and We business. supply, situation of will expect disruptions investing also With recent and like the fertilizer year, enlarging in Brazil, high and out in seek biologics. areas
rate X.X by several hundred tonnes and than run our half quickly projects of target these total which tonnes, North a see we second We production Colonsay's potash, potash we million. the by to tonnes increase X.X roughly X.X initiatives X the are the to expect mills, to XXXX up our restart to $XXX year. tonnes, we've phosphates than already second million be as expected to half be fertilizer The tonnes. also de-bottlenecking as next the initial is of path million million actively thousand In production roughly reach raised annual of production all higher In cost of Colonsay's of these de-bottlenecking exploring production the the could the add are of add X.X through X X could restart for of Esterhazy, possible. tonnes second mill. American tonnes At exploring from of end we to opportunities less XXXX. In in million million million XXXX total,
of experience pushing it world food We impacted geopolitical the time recovery of at quarter [indiscernible] product In By have and million very headwinds first during one footprint be XXXX, normal increases our close needs considers expansion we tonnes end have last of any reversed soon. our mission we and total that our well take production finished of product. total mines, the operating our As total the In XX.X when North XXXX XX seriously. phosphate supply production Taquari from potential of grow more mine exploring in assets that allocation our our we're rates production finished are will rates. issues to improved America, Brazil and helping its and our that of our year We above million in extends Brazil the life. to global addressed, the for believe the run tonnes. not see
the pulling call. we rates efficiently portion to to value the As of offset for have With let's that other to help production creates shareholders. raise sources that a Q&A result, our we the are also lever supply ways shortages from every move on in
