all planned you occur, XX to course, want before of my best later pause into year your years get Nutrien's to remarks. certainly thank your Richard. your will recognize service want The I and family and you thank we for on prepared you I and I wish retirement team at do and which comment Well, the do this of Nutrien. you
years team many this outstanding and an have You member for exceptional enjoyed been career.
know you know be President to be passing Relations. the You Vice who, Jeff over missed. of know pleased many already and very your are I of appreciated our Investor you I you as will torch are Holzman
I Furthermore, the fundamentals earnings the welcome year. on an billion second we EBITDA which increase the the the quarter that XXXX, actions a over $X our an position advantages for will This performance the team momentum taken agriculture that demonstration update have our fully execute decisive us of provide the into increase excellent us that also to have benefit morning to teams XX%. and XXXX everyone value. will will call. outlook carry and first and expect how the delivery So for quarter of to I enhancing Nutrien business we global forward annual over to midpoint drive to of adjusted our to taken recap for guidance will allowed of illustrate integrated and market of half good our allowed and from unique we actions together structure on the are Nutrien's Today, record to well morning have
I of support the So commitment and serve the of the for more six all world. world all million XX as responded low-cost, potash XX increase significantly mine ever production our network our X,XXX to half reliable, very Board and to as to demand employees first especially growers team our are nitrogen our and and to flexible, potash they efforts tons of nearly are customers have busy produced need dedication work food. each grower crop in apparent These we that countries growing growing feed for our they delivered in through globally. every of seasons the the second has Myself, working when all, demonstrate than approximately employees potash the the safely year and and and grower around meet from a with the we ensure thank of how to phosphate proud are our directly day customers would like we advisers the in application
to results. now our turning So
key driver for robust demand. crop billion, EBITDA across and all well-positioned most We level. services. and team year's and impressive for with excellent delivered adjusted half Our first businesses, global was over The XX% fertilizers execution last prices geographies up $X assets, results was products our over higher and
notable free $X.X operations increase the the Ag year-over-year also of first in a adjusted business half XX% achieved Our XXXX. Nutrien EBITDA cash our billion of flow generated Solutions, in retail the first year. for half of
In of businesses, phosphate The or in our focus look on quarter was the our showed pricing. our schedule. year-over-year generated due stronger and billion second significant increase to everything combined targets fact, we almost term longer all and track costs, businesses adjusted we we earnings and do on When managing to making retail EBITDA we XX%. are XX% improvement potash of up by meet metrics excellence $X.X supported a across exceed ahead in toward nitrogen continued up Nutrien operational
Our team execution sales and wholesale outstanding. was marketing
all inventories average helping profit. did to we increase across geographies optimized up environment a with due by increase and strategic year-over-year. for growth retail The EBITDA majority product fall overcommitted application crop the of was products were acquisitions. our months Adjusted driven driven performance and Australia was all from ensured increase our last drive fertilizer seasons. the organic system. XX% six this an seed in proprietary performance shelves. firsthand from our higher across product We also year, Canada and retail a first and spring all nearly first our the products significant early and nutrients margins of basis distribution geographies get not in half our the teams half South for crop Volumes proprietary year-over-year a double U.S., team Our of sales American product profits on gross improved business protection volumes. and with up as price in well-placed earnings benefiting was we too representing as second shelves, year-over-year XX% months first over and biggest year, six rising evaluate witnessed in By the their while and well strong by were EBITDA the In record
year, strategic the fertilizer percentages EBITDA to XX.X% partially targets in delivered adjusted also to our compared last performance by We surpassing with XX.X% excellent relative supported of procurement. half retail term long first
The location proportion these as Our significant showed while capital growers' cash target our metrics meeting operating working working needs our proprietary capital network, EBITDA our by is expanding also rationalizing and our coverage sales year-over-year exceeded on and far possible line. our made progress a in ongoing per optimizing focus average continued long improvement. term and of product
We also reported half same our digitally-enabled grower the the in processed XXXX million and approximately X.X sales first of $X.X billion year, through in double system. payments nearly period the in
XX our grow well XX business the the months. our are to acquire in on and Brazil rate Brazil and past an recently acquisition agreement in operate to continued transaction, this $XXX way million by Nova, in also in We value-enhancing With Nutrien Terra to announced retail generating EBITDA fourth run branches we XXXX.
board in geographies retail continues demonstrate operate. in performance across exceptional Our we to all the which team
to Our customers been commitments has action while delivered group product taking production fully ensure to need. and sales potash the significantly Ken his outstanding. they team performance have have to our our and and to responded conditions increase market customers
We year track are capability XXXX to the record. We volumes globally the to and full are a in record respond. delivered on achieve first producer with only half of
contract recovery The demand to in Asia significant year. the exceptional million potash Overall, U.S. China the high produce all-time we We to greater are spot where higher markets potash Brazil Southeast focusing of Canpotex consumption and of market to market in in tons and this in XXXX project to place saw positioned emphasis these nearly demand due we global XX on netback has India. the XXXX. markets compared a
equivalent In million approximately to fact, basis. tons on an quarter, we XX total anticipate annualized the Nutrien's by fourth potash production
reached impressive margins turnaround margins averaged excellent Both be to $XXX continue per achieved a this proactive phosphate activity half XX% delivered will challenges. year-over-year a were quarter We with capturing despite in operating up despite and $XXX teams an nitrogen operating ton first our weather-related rate. in XX% rate input prices increased much for stronger higher results Raef's almost the nitrogen ton. Phosphate ammonia and and and flexible and costs. nitrogen
leverage market to advantages continue product few completed extensive projects competitive flexibility. to which the distribution expansion expanded and our from emerging opportunities. our execute production ability to have years also both the We and benefit results capability the of over These network on increased demonstrate mix brownfield production past
to North of well across the is We there normal bodes for may the Western applications as wide of such by For support continued maturity weather also which near generally areas in favorable North see in conditions crop a window. ahead demand. application range term fertilizer expect strong solid is prices. this fall outlook, conditions drought Crop America. fall. on some very we crop America, input back pull continue demand input Canada crop In Australia, severe Overall, above supported crop average
support season expansion demand the is for have Some challenges crops in yields acreage, which all seeded ongoing will for in certain inputs. Brazil outlook crop weather further a next this for year, but impacted
for For all of price is supported industrial a environment fundamentals. result demand nutrients, by driven fertilizers, agriculture current tee robust market
dynamics support to into today's prices, and to very to We prices even will That to margins average watch expect most continue at market in something fertilizer be to are is close levels But fertilizer said, price XXXX. affordability elevated closely. we indices crop grower these continue XXXX. favorable
million We expect global in record point global no China and at There low. contract inventory tons at with key to this be levels or about potash demand levels potential regions is a and very in between news remain XX XXXX XX to India.
inventories for before been to right future We the and will China draw outlook higher to fully to will netback the is excellent. believe end to our down continue Chinese demand new November is continue continue seen in as need that of domestic Canpotex as company a regions. believe has robust. on year we their committed However, already the focus negotiate contract as to
fertilizer We prices historical expect and tight. remain above well to markets to remain crop levels
keen return We operational execution continued a and investment. value-added will ongoing commitments cost on focus excellence, from growth on and to strengthening our a management, inventory benefit also
This than all due As such, XXXX, by EBITDA outlook positive EPS into and believe over or our $X.X competitive our this We adjusted we annual stronger earnings sheet. more further business continue across our nearly XX%. lines learning advantages. outlook balance our will billion by raise to is guidance executing strengthening XX% and consolidated
for We will maintain for of in return capital sheet additional the shareholders. includes deleveraging investment which and potential balance approach to our the disciplined business, the further compete our
for an purpose manner. improve production delivered as globally. additional potash for accounted better of safely XXXX. tons responsiveness bring this example in access of Our the million no in sustainable and production the These There production for $XXX adjusted to quickly the of on to of increase XX% than a for commitment our guidance growers our value to of potash million team one nutrient approximately significant shareholders our also EBITDA actions growers is increase is support help food financial our increase in
outcomes. our in is includes carbon which future Another with ongoing purpose and feeding plan line our on example of focus commitments sustainability the XXXX executing our improving
by and fuel. a at and crop opportunities low which management With our committed exceptional. to footprint prices other on carbon plans. the carbon company in Nutrien outlook a the risk powered a is and remain our growers in facilities, growing is reducing help to and is crop more to world-class We execution recent of our progress our believe are No program remain global strategy level above catalyst as across in integration be term, at making operations carbon world. that and and the is to to the the anticipated ensuring marine chain our our partnership and historic the develop strong We XXXX. is levels fertilizer well ESG world for Nutrien long in system change feed a for farm strategy advantageously the positive great successful around to industry-leading production announcement vessel by over positioned and supported ammonia value our
today your thank joining team to Nutrien forward for looking to you want are I and the all So we questions.
