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] |