Mosaic (MOS) Q3 revenue $3.1 billion vs $3.09 billion est.; loss per share $0.23

Mosaic reported a third-quarter net loss of $72 million, or $0.23 per diluted share, on revenue of $3.1 billion, versus net income of $411 million a year earlier, as results were hit by $53 million in pre-tax notable items including environmental reserves, facility closures and restructuring costs. Adjusted EBITDA fell to $324 million from $806 million, with the Phosphate segment posting a $194 million operating loss on lower volumes and sulfur costs, while Potash earned $189 million. The company said it settled its fourth-quarter sulfur contract at $615 per long ton, a move expected to support fourth-quarter free cash flow, and refinanced and extended all long-term maturities through 2028. CEO Bruce Bodine said Mosaic aligned phosphate production with affordable sulfur supply, cut costs and advanced portfolio optimization. Investors will watch whether lower sulfur costs and steadier phosphate output translate into improved cash flow and segment results in the fourth quarter.