For the quarter ended June 2024, CF Industries (CF) reported revenue of $1.57 billion, down 11.4% over the same period last year. EPS came in at $2.30, compared to $2.70 in the year-ago quarter.The reported revenue represents a surprise of -0.52% over the Zacks Consensus Estimate of $1.58 billion. With the consensus EPS estimate being $1.80, the EPS surprise was +27.78%.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine thei ...

CF Industries (CF) came out with quarterly earnings of $2.30 per share, beating the Zacks Consensus Estimate of $1.80 per share. This compares to earnings of $2.70 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 27.78%. A quarter ago, it was expected that this fertilizer maker would post earnings of $1.47 per share when it actually produced earnings of $1.03, delivering a surprise of -29.93%.Over the last four quarters, the co ...

Strong Operational Performance in Second Quarter 2024 Favorable Energy Spreads Underpin Continued Strong Cash Generation Returned $832 Million to Shareholders through Dividends, Share Repurchases in First Half 2024 NORTHBROOK, Ill.—August 7, 2024—CF Industries Holdings, Inc. (NYSE: CF), a leading global manufacturer of hydrogen and nitrogen products, today announced results for the first half and second quarter ended June 30, 2024. Highlights "I am extremely proud of the team for running our plants exceptio ...

CF Industries Holdings, Inc. (CF) is set to release second-quarter 2024 results after the closing bell on Aug 7.CF Industries missed the Zacks Consensus Estimate for earnings in three of the trailing four quarters while beating it once. The company delivered a trailing four-quarter negative earnings surprise of 4.6%, on average. CF’s second-quarter results are likely to reflect the impacts of softer nitrogen prices. However, it is expected to have benefited from healthy nitrogen fertilizer demand in major m ...

simonkr If the stock market is headed for a further 3Q downdraft, as some expect, investors may want to consider their individual timing relative to my buy recommendation for CF Industries Holdings (NYSE:CF) to apply after the overall market stabilizes. At the same time, short-term traders should be aware the company’s 2Q24 earnings date is August 7, 2024. CF Industries is the world’s largest ammonia producer, with 10.4 million tons/year of capacity. Ammonia is the key ingredient for fertilizer. CF’s ma ...

In its upcoming report, CF Industries (CF) is predicted by Wall Street analysts to post quarterly earnings of $1.87 per share, reflecting a decline of 30.7% compared to the same period last year. Revenues are forecasted to be $1.58 billion, representing a year-over-year decrease of 11%.The current level reflects a downward revision of 3.4% in the consensus EPS estimate for the quarter over the past 30 days. This demonstrates how the analysts covering the stock have collectively reappraised their initial pro ...

The market expects CF Industries (CF) to deliver a year-over-year decline in earnings on lower revenues when it reports results for the quarter ended June 2024. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates.The earnings report, which is expected to be released on August 7, 2024, might help the stock move higher if these key numbers are bett ...

Group 1: Company Developments - CF Industries is advancing a carbon capture and sequestration (CCS) project at its Yazoo City, MS, Complex, aiming to reduce CO2 emissions by up to 500,000 metric tons annually [1] - The company will invest approximately $100 million to build a CO2 dehydration and compression unit at the Yazoo City Complex [1] - A commercial agreement has been established with ExxonMobil for CO2 transport and permanent geological storage, with sequestration expected to commence in 2028 [1][2] Group 2: Product and Market Impact - The Yazoo City Complex will produce nitrogen products with significantly lower carbon intensity post-sequestration, catering to customers focused on reducing carbon footprints [2] - The demand for lower carbon intensity products, such as fertilizers and diesel exhaust fluid, is anticipated to rise as agriculture and mining sectors aim to decrease carbon emissions [3] - CF Industries is also working on a CCS project at its Donaldsonville, LA facility, which will sequester up to 2 million tons of CO2 annually, with sequestration set to begin in 2025 [3] Group 3: Market Conditions - CF Industries has experienced an 8.6% decline in share price over the past year, compared to a 27.8% decline in its industry [4] - The global nitrogen market is currently in a long supply position due to lower-than-expected demand from Europe and India, alongside a buying halt in North America [4] - Management expects strong future demand driven by recovering industrial needs and farmer economics, despite current oversupply [4][5] Group 4: Long-term Outlook - In the long term, a tightening of the global nitrogen supply-demand balance is anticipated, as growth in nitrogen capacity is not expected to keep pace with a projected 1.5% annual increase in global nitrogen demand [5] - Ongoing challenges with natural gas availability and costs are likely to restrict global nitrogen production [5]

simonkr/E+ via Getty Images Investment Thesis Since my last post on it, CF Industries Holdings, Inc. (NYSE:CF) has faced several issues affecting performance, with their shares declining by 8.35% over the last year, primarily due to a drastic decline in ammonia prices. Global ammonia prices have fallen by over 50% since the peak in 2022, adding margin pressure on companies (like CF) reliant on these prices for profitability. Adding to the woes, the sector has seen a broader rotation out of commodity ind ...

Group 1: Partnership and Innovation - CF Industries and POET LLC have announced a partnership to test low-carbon ammonia fertilizer aimed at reducing the carbon intensity of corn and ethanol production, with demand for lower-carbon ethanol expected to rise significantly due to low-carbon fuel standards [1][2] - The application of low-carbon ammonia is projected to lower the carbon intensity of ethanol by up to 10%, with initial applications planned for fall 2024 and the first crop harvest expected in fall 2025 [2] Group 2: Production and Market Dynamics - CF Industries has installed a 20MW electrolyzer at its Donaldsonville complex to produce green ammonia, with plans to pair it with renewable energy credits [3] - The global nitrogen market is currently in a long supply position due to lower-than-expected demand from Europe and India, as well as a buying halt in North America, but management anticipates a recovery in worldwide demand [3][4] - The global supply-demand balance for nitrogen is expected to tighten in the long run, as growth in nitrogen capacity is not projected to keep pace with the estimated 1.5% annual growth in demand [4]