|
 |
|
|
|||
|
 |
|
Nov. 5, 2026 Source: CF Industries news release NORTHBROOK, Ill.-- CF Industries Holdings, Inc. (NYSE: CF), a leading global manufacturer of hydrogen and nitrogen products, today announced results for the nine months and third quarter ended September 30, 2026. Highlights *First nine months 2026 net earnings (1) of $1.78 billion, or $11.60 per diluted share, EBITDA (2) of $3.00 billion, and adjusted EBITDA (2) of $3.01 billion. First nine months 2026 financial results include a gain of approximately $170 million from a litigation settlement *Third quarter 2026 net earnings of $436 million, or $2.87 per diluted share, EBITDA of $822 million, and adjusted EBITDA of $833 million *Trailing twelve months net cash from operating activities of $3.08 billion; free cash flow (3) of $2.03 billion for same period, which includes cash inflows and outflows associated with the Blue Point One joint venture Repurchased 3.0 million shares for $367 million during the third quarter of 2026 "The CF Industries team executed exceptionally well in the third quarter of 2026, delivering strong safety performance while operating our network at high rates to meet substantial deferred customer demand," said Chris Bohn, president and chief executive officer, CF Industries Holdings, Inc. "Our low-cost and low-risk North American asset base, tangible growth platform and industry-leading free cash flow conversion position CF Industries well to continue to create compounding value by investing in high-return initiatives and returning capital to shareholders." Operations Overview The Company's trailing twelve-month recordable incident rate was 0.10 incidents per 200,000 work hours as of September 30, 2026. Gross ammonia production for the first nine months and third quarter of 2026 was approximately 7.2 million and 2.4 million tons, respectively. Year-to-date, the Company has operated at a 97% utilization rate of available ammonia capacity.(4) The Company expects gross ammonia production for the full year 2026 to be approximately 9.5 million tons, which includes the impact of the ongoing outage at the Yazoo City, Mississippi, Complex as a result of an incident that occurred in November 2025. Financial Results Overview First Nine Months 2026 Financial Results For the first nine months of 2026, net earnings attributable to common stockholders were $1.78 billion, or $11.60 per diluted share, EBITDA was $3.00 billion, and adjusted EBITDA was $3.01 billion. These results compare to first nine months of 2025 net earnings attributable to common stockholders of $1.05 billion, or $6.39 per diluted share, EBITDA of $2.05 billion, and adjusted EBITDA of $2.07 billion. First nine months 2026 financial results include a gain of approximately $170 million from a litigation settlement. Net sales in the first nine months of 2026 were $6.07 billion compared to $5.21 billion in the first nine months of 2025. Average selling prices for the first nine months of 2026 were higher than in the first nine months of 2025. Sales volumes were 5% lower in the first nine months of 2026 than in the first nine months of 2025 due primarily to lower ammonium nitrate (AN), ammonia and urea ammonium nitrate solution (UAN) sales, partially offset by higher granular urea and other sales. Excluding the impact of lost product availability from the Company's Yazoo City Complex, sales volumes in the first nine months of 2026 approximated the first nine months of 2025. Cost of sales for the first nine months of 2026 was higher compared to the first nine months of 2025 due primarily to higher maintenance costs, including the extended outage at the Company's Yazoo City Complex, and higher realized natural gas costs, including the impact of realized derivatives. The average cost of natural gas, including the impact of realized derivatives, reflected in the Company's cost of sales was $3.63 per MMBtu in the first nine months of 2026 compared to the average cost of natural gas in cost of sales of $3.34 per MMBtu in the first nine months of 2025. To read the entire report click here. Tweet |
|
|
|
|
|
|
|
|
|||||||||||||
