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 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]