CF Industries Holdings, Inc. (CF) is poised to gain from higher nitrogen fertilizer demand in major markets and lower natural gas costs amid headwinds from softer nitrogen prices.The company’s shares have declined 4.1% over a year compared with a 25.3% decline of its industry. Image Source: Zacks Investment ResearchLet’s find out why this Zacks Rank #3 (Hold) stock is worth retaining at the moment. CF Gains on Healthy Nitrogen Demand, Lower Gas CostsCF Industries is benefiting from rising global demand for ...

CF Industries Holdings, Inc. (CF) is expected to benefit from healthy nitrogen fertilizer demand in major markets and lower natural gas costs. However, it is exposed to headwinds from lower nitrogen prices.The company’s shares have gained 16.4% over a year compared with a 9.8% decline of its industry. Image Source: Zacks Investment Research Let’s find out why this Zacks Rank #3 (Hold) stock is worth retaining at the moment. Strong Nitrogen Demand, Lower Gas Costs Aid CFCF Industries is benefiting from risin ...

Financial Data and Key Metrics Changes - The company reported adjusted EBITDA of $460 million for Q1 2024, reflecting challenges due to production outages [7] - Net cash from operations was $445 million, with free cash flow approximately $200 million [7] - Net earnings attributable to common stockholders were approximately $194 million, or $1.03 per diluted share [15] Business Line Data and Key Metrics Changes - Production outages resulted in approximately 160,000 fewer tons of ammonia available compared to Q1 2023, equating to about 275,000 tons of urea that could have been produced and sold at higher margins [15] - Maintenance expenses were approximately $75 million higher in Q1 2024 compared to Q1 2023 due to production issues [15] Market Data and Key Metrics Changes - North American nitrogen demand is expected to be positive with approximately 91 million acres of corn planted, supported by good soil moisture [10] - The global nitrogen market supply position has loosened, leading to lower global prices than earlier in the year [11] Company Strategy and Development Direction - The company aims to invest in clean energy projects, including decarbonization initiatives and low-carbon ammonia capacity [8][17] - The focus remains on disciplined investments that offer returns above the cost of capital, alongside returning capital to shareholders through dividends and share repurchases [8] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the North American production network's position due to favorable global energy cost structures [19] - The company anticipates strong cash generation and substantial value creation for long-term shareholders [19] Other Important Information - The company returned $445 million to shareholders in Q1 2024, including the repurchase of 4.3 million shares [8] - Approximately $2.2 billion remains on the current share repurchase authorization, expected to be completed by the end of next year [8] Q&A Session Summary Question: Thoughts on the global cost curve and market dynamics - Management noted challenges for production facilities in Europe, with expectations of continued low utilization rates and potential permanent closures [23][24] Question: Update on operational status and production normalization - Management confirmed that production and distribution assets are back to historical levels following Q1 challenges [29] Question: Gas pricing outlook for Q2 and ammonia production forecast for 2025 - The company expects to maintain gross ammonia production around 10 million tons in 2025, similar to previous forecasts [33] Question: Impact of ammonia market pricing on investment decisions - Management emphasized the importance of long-term projections for supply and demand balance when making investment decisions [37] Question: Demand for clean ammonia by 2030 - Management projected significant demand growth for ammonia in power generation and marine applications by 2030 [40] Question: Situation regarding nitrogen supply from Russia - Management discussed the reorganization of Russian nitrogen product distribution and the impact of geopolitical factors on supply [65][68] Question: Update on Waggaman facility integration and utilization rates - Management reported successful integration of the Waggaman facility, with operating rates exceeding nameplate capacity [82]

(Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 FORM 10-Q OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 001-32597 CF INDUSTRIES HOLDINGS, INC. (Exact name of registrant as specified in its charter) (Address of principal executive offices) ...

CF Industries Holdings, Inc. (CF) reported a first-quarter 2024 profit of $194 million or $1.03 per share, down from $560 million or $2.85 per share in the year-ago quarter. Earnings per share missed the Zacks Consensus Estimate of $1.47.Net sales fell 26.9% year over year to $1,470 million in the quarter. The figure missed the Zacks Consensus Estimate of $1,473.9 million.Average selling prices in the reported quarter were lower than in the first quarter of 2023 as decreased global energy costs reduced the ...

CF Industries (CF) reported $1.47 billion in revenue for the quarter ended March 2024, representing a year-over-year decline of 26.9%. EPS of $1.03 for the same period compares to $2.85 a year ago.The reported revenue represents a surprise of -0.26% over the Zacks Consensus Estimate of $1.47 billion. With the consensus EPS estimate being $1.47, the EPS surprise was -29.93%.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street ...

2375 Waterview Drive Northbrook, IL 60062 www.cfindustries.com CF Industries Holdings, Inc. Reports First Quarter 2024 Net Earnings of $194 Million, Adjusted EBITDA of $459 million Severe Cold, High Maintenance Activity Leads to Challenging Production Environment Continued Strong Cash Generation Outlook for Positive North American Spring 2024 Nitrogen Demand, Favorable Energy Spreads NORTHBROOK, Ill.—May 1, 2024—CF Industries Holdings, Inc. (NYSE: CF), a leading global manufacturer of hydrogen and nitrogen ...

Analysts on Wall Street project that CF Industries (CF) will announce quarterly earnings of $1.47 per share in its forthcoming report, representing a decline of 48.4% year over year. Revenues are projected to reach $1.47 billion, declining 26.8% from the same quarter last year.Over the last 30 days, there has been an upward revision of 10.4% in the consensus EPS estimate for the quarter, leading to its current level. This signifies the covering analysts' collective reconsideration of their initial forecasts ...

CF Industries Holdings, Inc. (CF) stated that it has executed a joint development agreement (JDA) with JERA Co., Inc. to develop greenfield low-carbon ammonia production capacity at CF Industries' Blue Point Complex in Louisiana.The JDA will guide JERA and CF Industries' review of a joint venture agreement to construct a low-carbon ammonia plant with a capacity of roughly 1.4 million metric tons. JERA is considering acquiring a 48% share in the project, as well as a deal to procure more than 500,000 metric ...

CF Industries Holdings, Inc. (CF) is expected to gain from healthy nitrogen fertilizer demand in major markets and lower natural gas costs. However, it faces challenges from lower nitrogen prices.The company’s shares have gained 8.2% over a year compared with a 19.2% decline of its industry. Image Source: Zacks Investment ResearchLet’s find out why this Zacks Rank #3 (Hold) stock is worth retaining at the moment. Higher Nitrogen Demand, Lower Gas Costs to Aid CFCF Industries is benefiting from rising global ...