Core Insights - CF Industries Holdings, Inc. reported fourth-quarter 2025 earnings of $2.59 per share, an increase from $1.89 in the same quarter last year, with adjusted earnings at $2.99 per share, surpassing the Zacks Consensus Estimate of $2.50 [1][8] - Net sales rose approximately 22.8% year over year to $1,872 million, exceeding the Zacks Consensus Estimate of $1,788.1 million [1][8] Sales Performance - Average selling prices increased due to strong global nitrogen demand and supply disruptions from geopolitical issues, although sales volumes were lower year over year due to decreased granular urea and ammonium nitrate sales [2] - Net sales in the Ammonia segment increased 23.8% to $708 million, surpassing the estimate of $524.2 million, with adjusted gross margin per ton rising due to higher average selling prices and reduced maintenance costs [3] - Sales in the Granular Urea segment rose 6.9% year over year to $372 million, missing the estimate of $402.8 million, with adjusted gross margin per ton increasing due to higher average selling prices [4] - Sales in the UAN segment increased around 51.6% year over year to $564 million, beating the estimate of $531.7 million, with adjusted gross margin per ton rising due to higher average selling prices [5] - Sales in the AN segment declined around 19.8% year over year to $81 million, missing the estimate of $100.9 million, although adjusted gross margin per ton increased due to higher average selling prices [6] Financial Overview - As of December 31, 2025, cash and cash equivalents were $1.98 billion, up 22.8% year over year, while long-term debt increased to $3,215 million, up 8.2% year over year [7] - Net cash provided by operating activities was $539 million in the reported quarter, up nearly 28.3% year over year [7] - The company repurchased 4.1 million shares for $340 million in the fourth quarter and 16.6 million shares for $1.34 billion during 2025 [7] Market Outlook - The global nitrogen outlook remains positive in the near term, supported by strong demand and tight supply, with India and Brazil being the largest importers of urea [8] - Supply constraints from disrupted Russian exports and gas shortages in Trinidad and Iran are affecting production, while North American ammonia supply is expected to be healthy [9] Stock Performance - Shares of CF Industries have gained 19.4% in the past year, compared to the 16.7% growth of the industry [10]

Core Insights - CF Industries reported a revenue of $1.87 billion for the quarter ended December 2025, marking a 22.8% increase year-over-year, with an EPS of $2.99 compared to $1.89 in the same quarter last year [1] - The revenue exceeded the Zacks Consensus Estimate of $1.79 billion by 4.69%, and the EPS surpassed the consensus estimate of $2.50 by 19.79% [1] Financial Performance - CF Industries' shares returned +6.1% over the past month, while the Zacks S&P 500 composite declined by -1.3% [3] - The stock currently holds a Zacks Rank 3 (Hold), indicating expected performance in line with the broader market [3] Sales Volume and Pricing - Ammonia sales volume reached 1,272 KTon, exceeding the average estimate of 1,164.55 KTon [4] - Total product sold was 4,528 KTon, slightly below the average estimate of 4,721.13 KTon [4] - Granular Urea sales volume was 857 KTon, below the estimated 1,021.51 KTon [4] - UAN sales volume was 1,606 KTon, compared to the average estimate of 1,693.76 KTon [4] - Average selling price for Granular Urea was $434.00, above the estimate of $412.49 [4] - Average selling price for Ammonia was $557.00, exceeding the estimate of $485.54 [4] Net Sales Performance - Net Sales for Ammonia were $708 million, surpassing the estimate of $570.71 million, reflecting a year-over-year increase of 23.8% [4] - Net Sales for Granular Urea were $372 million, below the estimate of $423.03 million, with a year-over-year change of +6.9% [4] - Net Sales for UAN were $564 million, slightly above the estimate of $560.37 million, representing a significant year-over-year increase of 51.6% [4] - Net Sales for AN were $81 million, exceeding the estimate of $71.74 million, but showing a year-over-year decline of 19.8% [4] - Net Sales for Other products were $147 million, compared to the estimate of $153.66 million, with a year-over-year change of +12.2% [4]

Core Viewpoint - Analysts expect CF Industries to report quarterly earnings of $2.50 per share, reflecting a year-over-year increase of 32.3%, with revenues projected at $1.79 billion, up 17.3% from the previous year [1] Earnings Estimates - Changes in earnings estimates are crucial for predicting investor reactions, with empirical studies showing a strong relationship between earnings estimate revisions and short-term stock performance [2] Key Metrics Forecast - Analysts project 'Net Sales- Ammonia' at $570.71 million, indicating a year-over-year change of -0.2% [4] - 'Net Sales- Granular Urea' is expected to reach $423.03 million, reflecting a change of +21.6% from the prior year [4] - 'Net Sales- UAN (urea ammonium nitrate)' is forecasted at $560.37 million, suggesting a year-over-year increase of +50.6% [4] Sales Volume Estimates - 'Sales volume by product - Ammonia' is estimated at 1165 thousand tons, down from 1240 thousand tons year-over-year [5] - 'Sales volume by product - Granular Urea' is projected at 1022 thousand tons, up from 1002 thousand tons in the same quarter last year [6] - 'Sales volume by product - UAN' is expected to reach 1694 thousand tons, compared to 1613 thousand tons year-over-year [6] Average Selling Price - The average selling price per ton of 'Granular Urea' is estimated at $412.49, up from $347.00 a year ago [7] - The average selling price per ton of 'Ammonia' is projected at $485.54, compared to $461.00 in the same quarter last year [7] Other Sales Volume - 'Sales volume by product - Other Sales volume' is expected to be 581 thousand tons, compared to 535 thousand tons year-over-year [8] - 'Sales volume by product - AN (ammonium nitrate)' is projected at 244 thousand tons, down from 357 thousand tons in the same quarter last year [8] Stock Performance - Over the past month, shares of CF have returned +8.7%, while the Zacks S&P 500 composite has changed by -2% [9] - CF currently holds a Zacks Rank 3 (Hold), indicating that its performance may align with the overall market in the near future [9]

Core Insights - CF Industries Holdings, Inc. reported Q3 2025 earnings of $2.19 per share, an increase from $1.55 in the same quarter last year, surpassing the Zacks Consensus Estimate of $2.06 [1][9] - Net sales rose approximately 21.2% year over year to $1,659 million, slightly missing the Zacks Consensus Estimate of $1,665 million [1][2] Sales Performance - Average selling prices increased due to strong global nitrogen demand, supply disruptions from geopolitical issues, and higher global energy costs, although sales volumes decreased year over year due to lower beginning inventories [2] - Ammonia segment net sales increased 29.5% to $457 million, exceeding the estimate of $368.3 million [3] - Granular Urea segment sales rose 9% year over year to $423 million, surpassing the estimate of $363.5 million [4] - UAN segment sales increased around 27.3% year over year to $517 million, beating the estimate of $377.4 million [5] - AN segment sales rose approximately 15% year over year to $122 million, exceeding the estimate of $82.7 million [6] Financial Overview - As of September 30, 2025, cash and cash equivalents were $1.84 billion, a decrease of 2.08% year over year [7] - Long-term debt remained flat at $2,974 million [7] - Net cash provided by operating activities was $1,064 million in the reported quarter, up nearly 14.3% year over year [7] - The company repurchased 4.3 million shares for $364 million in Q3 2025 [7] Market Outlook - The global nitrogen outlook is positive through 2025 and beyond, driven by strong demand and tight supply, particularly in India, Brazil, and North America [8] - Supply constraints from high energy costs and limited gas availability are impacting producers in Europe and Asia [8] - Growing demand for low-carbon ammonia is expected to strengthen the market [8] - North American producers benefit from energy cost advantages, with limited new capacity additions expected to tighten the global nitrogen balance, supporting firm pricing and margins in the future [8] Stock Performance - Shares of CF Industries have increased 4.8% over the past year, compared to a 12% rise in the industry [12]

Core Insights - CF Industries reported a revenue of $1.66 billion for the quarter ended September 2025, reflecting a year-over-year increase of 21.1% [1] - The earnings per share (EPS) for the quarter was $2.19, up from $1.55 in the same quarter last year, with an EPS surprise of +6.31% compared to the consensus estimate of $2.06 [1] Financial Performance - Revenue of $1.66 billion was slightly below the Zacks Consensus Estimate by -0.34% [1] - CF Industries' stock has returned -8.1% over the past month, while the Zacks S&P 500 composite increased by +1% [3] - The company holds a Zacks Rank 3 (Hold), indicating expected performance in line with the broader market [3] Sales Volume and Pricing - Ammonia sales volume was 1,092 KTon, exceeding the average estimate of 994.59 KTon [4] - Total product sold was 4,504 KTon, below the average estimate of 4,648.64 KTon [4] - Granular Urea sales volume was 939 KTon, lower than the estimated 1,103.77 KTon [4] - UAN (urea ammonium nitrate) sales volume was 1,564 KTon, below the estimate of 1,665.21 KTon [4] Net Sales Performance - Net Sales for Ammonia reached $457 million, surpassing the average estimate of $387.62 million, representing a year-over-year increase of +29.5% [4] - Granular Urea net sales were $423 million, slightly below the estimate of $459.23 million, with a +9% year-over-year change [4] - UAN net sales were $517 million, exceeding the estimate of $498.46 million, reflecting a +27.3% year-over-year increase [4] - Ammonium Nitrate (AN) net sales were $122 million, above the estimate of $106.84 million, with a +15.1% year-over-year change [4] - Other net sales reached $140 million, compared to the average estimate of $128.84 million, representing a +19.7% year-over-year increase [4]

Core Insights - CF Industries reported $1.89 billion in revenue for the quarter ended June 2025, marking a year-over-year increase of 20.2% and exceeding the Zacks Consensus Estimate of $1.73 billion by 9.08% [1] - The company's EPS for the same period was $2.37, compared to $2.30 a year ago, resulting in an EPS surprise of 0.85% against the consensus estimate of $2.35 [1] Financial Performance Metrics - Total tons of product sold reached 5,805 KTon, surpassing the average estimate of 4,904.49 KTon from four analysts [4] - Sales volume by product included: - Ammonia: 1,087 KTon vs. 1,026.80 KTon estimated [4] - UAN (urea ammonium nitrate): 1,902 KTon vs. 1,753.68 KTon estimated [4] - Granular Urea: 1,188 KTon vs. 1,232.47 KTon estimated [4] - Other Sales volume: 466 KTon vs. 533.92 KTon estimated [4] - AN (ammonium nitrate): 378 KTon vs. 355.81 KTon estimated [4] - Average selling prices per product ton: - Ammonia: $452 vs. $437.52 estimated [4] - Net sales figures compared to estimates and year-over-year changes: - Ammonia: $491 million vs. $449.04 million estimated (+20.1% YoY) [4] - Granular Urea: $547 million vs. $502.54 million estimated (+19.7% YoY) [4] - UAN: $610 million vs. $518.9 million estimated (+28.4% YoY) [4] - AN: $117 million vs. $104.39 million estimated (+19.4% YoY) [4] - Other: $125 million vs. $137.07 million estimated (-6% YoY) [4] Stock Performance - CF Industries' shares have returned -4.5% over the past month, while the Zacks S&P 500 composite has changed by +0.5% [3] - The stock currently holds a Zacks Rank 1 (Strong Buy), indicating potential for outperformance in the near term [3]

Core Viewpoint - CF Industries Holdings, Inc. reported strong first-quarter 2025 earnings, with earnings per share of $1.85, significantly up from $1.03 in the same quarter last year, exceeding the Zacks Consensus Estimate of $1.47 [1] Financial Performance - Net sales increased approximately 13% year over year to $1,663 million, surpassing the Zacks Consensus Estimate of $1,520.9 million [1] - Cash and cash equivalents at the end of the quarter were $1,406 million, down around 13% from the prior quarter, while long-term debt remained flat at $2,972 million [5] - Net cash provided by operating activities was $586 million, reflecting a 32% year-over-year increase [5] - The company repurchased 5.4 million shares worth $434 million and announced a new $2 billion share repurchase program effective through 2029 [5] Segment Performance - Ammonia segment sales rose about 29% year over year to $520 million, exceeding the estimate of $482 million, with an average selling price per product ton of $454 [2] - Granular Urea segment sales increased around 8% year over year to $439 million, beating the estimate of $420 million, with an average selling price per product ton of $390 [3] - Urea Ammonium Nitrate segment sales grew approximately 11% year over year to $470 million, surpassing the estimate of $373 million, with an average selling price per product ton of $251 [3] - Ammonium Nitrate segment sales fell around 11% year over year to $101 million, missing the estimate of $107 million, but the average selling price per product ton was $308, exceeding the estimate of $270 [4] Market Outlook - The company expects a favorable global supply-demand balance due to strong demand from corn stocks and challenging production economics in Europe [6] - In North America, strong nitrogen demand is anticipated during the spring application season, driven by favorable returns for corn compared to soybeans [6] Stock Performance - CF Industries' shares have increased by 8.6% over the past year, outperforming the Zacks Fertilizers industry's rise of 5.1% [7]