Yara Forecasts Revised as BMO Notes Q2 Results, Gulf Coast Ammonia Facility Acquisition

07:31 AM EDT, 07/22/2026 (MT Newswires) -- BMO Capital Markets adjusted its forecasts for Yara International (YAR.OL) amid a model update as it took into account the Norwegian crop nutrition and ammonia company's Gulf Coast Ammonia plant acquisition and second-quarter results. The research firm on Tuesday lowered its EBITDA and EPS estimates for 2026 to $3.56 billion and $6.42, respectively, from $3.9 billion and $7.35. For 2027, on the other hand, the expected EBITDA was raised to $3.38 billion from $2.69 billion, while the EPS projection was increased to $5.80 from $3.85. "This is because we now assume much higher European gas costs (with TTF trending towards ~$20/MMBtu and expected to remain in the high teens for many months) for the remainder of 2026E but only moderately higher nitrogen price realizations. We also have lowered utilization rates based on recent performance," analysts said. "Our above-consensus 2027 estimates now assume the GCA plant is part of Yara from the beginning of 2027 and running at near-full rates. We assume TTF moderates closer to $12 by 2027E-end." The stock's market perform rating was retained, along with its price target of 500 Norwegian kroner.