What caused NTR's Q2 2024 earnings to fall short of forecasts?

Nutrien's Q2 2024 earnings fell short of forecasts due to several factors: 1. **Reduced Fertilizer Prices**: Lower net fertilizer selling prices significantly impacted Nutrien's financial results, leading to a decline in earnings per share (EPS) and net income. 2. **Cost of Goods Sold**: The cost of goods sold per tonne increased due to higher production volumes and reduced royalties, which affected the company's profitability. In summary, Nutrien's Q2 2024 earnings were lower than expected due to reduced fertilizer prices and increased costs, which together led to a shortfall in earnings compared to analysts' forecasts.