Nutrien Ltd.
Q2 2022 Earnings Call
Aug 04, 2022, 10:00 a.m. ET
Contents:
- Prepared Remarks
- Questions and Answers
- Call Participants
Prepared Remarks:
Operator
Greetings, and welcome to Nutrien's 2022 second quarter earnings call. [Operator instructions] I would now like to turn the conference over to Mr. Jeff Holzman, VP of investor relations. Please go ahead, sir.
Jeff Holzman -- Vice President, Investor Relations
Thank you, operator. Good morning, and welcome to Nutrien's second quarter 2022 conference call. As we conduct this call, various statements that we make about future expectations, plans and prospects contain forward-looking information. Certain material assumptions were applied in making these conclusions and forecasts.
Therefore, actual results could differ materially from those contained in our forward-looking information. Additional information about these factors and assumptions are contained in our current quarterly report to shareholders as well as our most recent annual report, MD&A and annual information form filed with Canadian and U.S. Securities Commissions. I will now turn the call over to Ken Seitz, Interim president and CEO; and Pedro Farah, our CFO, for opening comments before we take your questions.
Ken Seitz -- Interim President and Chief Executive Officer
Good morning and I will also welcome you to Nutrien's second quarter earnings call. Before we get into the discussion of our results and outlook for the remainder of 2022, I would like to highlight three key messages. First, we believe structural changes to global energy, agriculture and fertilizer markets will provide a support environment for Nutrien well beyond 2022. Second, we are accelerating strategic growth initiatives that leverage the unique advantages of our integrated business, generate excellent returns on invested capital and enhance our ability to provide sustainable solutions to help feed a growing world.
And third, we are committed to a balanced approach to capital allocation that supports growth and the sustainability of our business, while also returning meaningful capital to shareholders. In 2022, we expect to invest around $3 billion on sustaining and growth initiatives and distribute approximately $6 billion in capital to shareholders. Pedro will walk through our plans in more detail later on in this call. Now turning to our results and outlook, Nutrien delivered record first half earnings driven by the strength of market fundamentals, the advantaged position of our global production assets and the excellent performance of retail.