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CF Industries Holdings, Inc. (symbol: CF) is a global leader in nitrogen fertilizer manufacturing and distribution. Founded in 1946 as a fertilizer brokerage by a group of regional agricultural cooperatives, the company has evolved significantly. Initially operating as a typical supply cooperative, CF Industries transitioned into a publicly traded corporation in 2005, emphasizing financial performance over traditional cooperative principles.
Today, CF Industries owns and operates world-scale nitrogen complexes and serves both agricultural and industrial customers through its best-in-class distribution system. The company produces nitrogen primarily using low-cost US natural gas, making it one of the lowest-cost nitrogen producers globally. Additionally, CF Industries has a presence in the United Kingdom and holds a joint venture interest in a nitrogen production facility in Trinidad and Tobago.
CF Industries is also at the forefront of sustainable practices, investing in carbon-free blue and green ammonia. These innovations can serve as alternative fuels to hydrogen or as means to transport hydrogen, demonstrating the company’s commitment to future-proofing its operations and reducing its environmental footprint.
With its stock traded on the New York Stock Exchange under the symbol “CF,” CF Industries continues to showcase strong financial performance. The company's focus on cost efficiency, innovation in sustainable practices, and global distribution capabilities underscores its position as a vital player in the agricultural and industrial sectors.
- Core Business: Nitrogen fertilizer manufacturing and distribution.
- Key Markets: North America, United Kingdom, Trinidad and Tobago.
- Innovations: Investments in blue and green ammonia.
- Financial Model: Emphasis on financial performance post-2003 transition.
Stay informed about CF Industries’ latest news and developments to understand how this industry leader continues to grow and innovate within the nitrogen production sector.
CF Industries reported full year 2024 net earnings of $1.22 billion ($6.74 per diluted share), with EBITDA of $2.33 billion and adjusted EBITDA of $2.28 billion. Net sales decreased to $5.94 billion in 2024 from $6.63 billion in 2023, primarily due to lower global energy costs affecting selling prices.
The company generated $2.27 billion in net cash from operating activities and $1.45 billion in free cash flow. During 2024, CF Industries returned $1.9 billion to shareholders through share repurchases ($1.51 billion for 18.8 million shares) and dividends.
Gross ammonia production increased to 9.8 million tons in 2024 from 9.5 million tons in 2023, with expectations of reaching approximately 10 million tons in 2025. The average cost of natural gas in cost of sales decreased to $2.40 per MMBtu in 2024 from $3.67 per MMBtu in 2023.
CF Industries Holdings (NYSE: CF) has announced a quarterly dividend of $0.50 per share on its common stock, payable on February 28, 2025, to stockholders of record as of February 14, 2025. The company will release its fourth quarter and full year 2024 financial results after market close on February 19, 2025, followed by a conference call on February 20, 2025, at 11:00 a.m. ET.
CF Industries operates the world's largest ammonia production network and is working to decarbonize its operations to enable green and low-carbon hydrogen and nitrogen products. The company maintains manufacturing facilities in the United States, Canada, and the United Kingdom, with an extensive storage, transportation, and distribution network in North America.
CF Industries Holdings (NYSE: CF) has announced its schedule for quarterly financial results and conference calls for 2025. The company will release its results after market close and hold conference calls the following day at 10:00 am ET on these dates:
- Q4 2024: Results on February 19, call on February 20
- Q1 2025: Results on May 7, call on May 8
- Q2 2025: Results on August 6, call on August 7
- Q3 2025: Results on November 5, call on November 6
The company will provide dial-in details through press releases and on their website prior to each call. Webcasts will be available on the Investor Relations section of www.cfindustries.com.
CF Industries has appointed Erik Mayer as vice president of clean energy solutions. In his new role, Mayer will lead the company's strategic focus on decarbonization and clean energy initiatives, specifically in low-carbon ammonia and nitrogen products. With 20 years of experience at CF Industries, including his most recent position as vice president of clean ammonia growth, Mayer will expand the clean energy solutions team and enhance cross-company collaboration. He will report to Christopher D. Bohn, executive vice president and chief operating officer.
CF Industries Holdings (NYSE: CF) has announced its participation in two upcoming investor conferences in December 2024. The company will present at the Goldman Sachs Industrials and Materials Conference on December 5 at 10:40 am ET, and the BofA Hydrogen Conference on December 16 at 1:00 pm ET. While the BofA conference won't be streamed live, a replay will be available the following day. Both conference webcasts will be accessible through CF Industries' website for 180 days after the events.
CF Industries operates the world's largest ammonia production network and is focused on decarbonization to enable green and low-carbon hydrogen and nitrogen products. The company maintains manufacturing facilities in the US, Canada, and the UK, with extensive storage and distribution capabilities across North America.
CF Industries reported net earnings of $890 million ($4.86 per diluted share) for the first nine months of 2024, with adjusted EBITDA of $1.72 billion. Third quarter 2024 delivered net earnings of $276 million ($1.55 per diluted share). The company generated $2.33 billion in trailing twelve months net cash from operations and returned $1.4 billion to shareholders through share repurchases and dividends. Net sales were $4.41 billion for the first nine months, down from $5.06 billion in 2023. The company maintained strong operational performance with gross ammonia production of 7.2 million tons in the first nine months of 2024, and expects full-year production of approximately 9.8 million tons.
CF Industries Holdings, Inc. (NYSE: CF) has announced a quarterly dividend of $0.50 per share on its common stock, payable on November 29, 2024, to stockholders of record as of November 15, 2024. The company will report its third quarter and first nine months 2024 results after market close on October 30, 2024, followed by a conference call on October 31, 2024, at 10:00 a.m. ET. Investors can access the call via phone or webcast on the company's website. CF Industries is focused on decarbonizing its ammonia production network to enable green and low-carbon hydrogen and nitrogen products for various industrial activities.
CF Industries Holdings (NYSE: CF) has announced its participation in the UBS Global Materials Conference on September 4, 2024, at 10:30 am ET. Investors can access the live webcast through the company's website, with a replay available for 180 days post-event.
CF Industries is focused on providing clean energy and is working to decarbonize its ammonia production network. The company aims to enable green and low-carbon hydrogen and nitrogen products for various industrial activities. With manufacturing complexes in the US, Canada, and the UK, along with an extensive distribution network, CF Industries is leveraging its capabilities to accelerate the transition to clean energy.
CF Industries Holdings reported its first half 2024 financial results, highlighting strong operational performance and substantial cash generation. The company achieved net earnings of $614 million and an adjusted EBITDA of $1.21 billion. In the second quarter of 2024, net earnings were $420 million with an adjusted EBITDA of $752 million.
For the first half of 2024, net sales were $3.04 billion, down from $3.79 billion in the same period in 2023. The decrease was attributed to lower average selling prices due to reduced global energy costs. The company returned $832 million to shareholders through dividends and share repurchases.
CF Industries repurchased 4.0 million shares for $305 million in Q2 2024 and announced a new agreement with ExxonMobil for carbon sequestration. The company’s gross ammonia production increased slightly to 4.8 million tons in H1 2024, expecting a full-year production of 9.8 million tons.
CF Industries (NYSE: CF) announced a carbon capture and sequestration (CCS) project at its Yazoo City, Mississippi Complex, aiming to reduce CO2 emissions by up to 500,000 metric tons annually. The company signed an agreement with ExxonMobil for CO2 transport and sequestration, expected to start in 2028. CF Industries will invest $100 million in a CO2 dehydration and compression unit at the facility.
This project, along with a similar initiative in Donaldsonville, Louisiana, will help CF Industries achieve its 2030 emissions intensity reduction goal. The Yazoo City Complex will produce lower-carbon intensity ammonia and nitrogen products, meeting increasing demand from agriculture and mining industries aiming to reduce their carbon footprint.
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