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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 Holdings, Inc. welcomed the U.S. Department of Commerce's affirmative preliminary determinations in its antidumping investigations regarding imports of urea ammonium nitrate (UAN) from Russia and Trinidad and Tobago. These determinations reveal that Russian UAN is dumped at rates between 9.15% and 127.19%, while Trinidadian UAN faces a 63.08% dumping rate. The U.S. already applies cash deposit requirements for unfairly subsidized imports from these nations. CF Industries initiated these investigations, aiming to protect the U.S. UAN industry and ensure farmers have access to reliable domestic suppliers.
CF Industries Holdings, Inc. (NYSE: CF) announced an increase in its expected adjusted EBITDA for 2021, projecting it to be between $2.65 billion and $2.85 billion, up from an earlier estimate of $2.2 billion to $2.4 billion. This adjustment is attributed to strong global nitrogen market conditions, resulting in higher product pricing and sales volumes. Favorable weather has contributed to the strongest fall ammonia application season in North America in a decade. These figures are based on management's current expectations, which may change.
CF Industries Holdings, Inc. (NYSE: CF) announced that the U.S. Department of Commerce found urea ammonium nitrate (UAN) imports from Russia unfairly subsidized between 9.66% and 9.84% and those from Trinidad at 1.83%. This is part of ongoing investigations initiated in July 2021 in response to petitions by CF Industries. Preliminary cash deposit requirements will be imposed on these imports. The final determinations by Commerce and the U.S. International Trade Commission are expected by summer 2022, which could lead to further measures against unfair trade practices.
CF Industries Holdings, Inc. (NYSE: CF) announced its participation in two upcoming conferences in December 2021. The company will present at Citi’s 2021 Basic Materials Virtual Conference at 9:30 am ET on December 1, followed by the BofA Hydrogen Conference at 11:15 am ET on December 16. Investors can access live webcasts through the Investor Relations section of the CF Industries website, with replays available until March 10, 2022. The company aims to provide clean energy and is focused on decarbonizing its ammonia production network.
CF Industries Holdings, Inc. (NYSE: CF) will present at the Morgan Stanley Global Chemicals, Agriculture, and Packaging Conference on November 10, 2021, at 8:45 am ET. Investors can access the live conference through the Investor Relations section of the company's website. A replay of the webcasts will be available until February 10, 2022. CF Industries focuses on providing clean energy solutions, including advancements in ammonia production and a commitment to sustainability.
CF Industries Holdings reported a robust global nitrogen demand driven by high grain prices and industrial recovery. For the first nine months of 2021, the company achieved net earnings of $212 million, or $0.98 per share, despite a third-quarter net loss of $185 million due to a $495 million non-cash impairment related to UK operations. The firm plans a $1.5 billion share repurchase program and seeks to reduce gross debt to $3 billion by 2023. Investment Grade ratings were achieved, supporting strategic growth amid favorable nitrogen market conditions.
CF Industries Holdings, Inc. (NYSE: CF) announced a leadership transition in its board of directors. Stephen A. Furbacher, the current chair, will retire at the Annual Meeting of Stockholders in May 2022. Stephen J. Hagge, an independent director since 2010, will assume the chair position effective January 1, 2022. Additionally, John W. Eaves will become the chair of the compensation and management development committee from the same date. The board aims to maintain a diverse composition, with over half of the members joining since 2017.
CF Industries Holdings, Inc. (NYSE: CF) has declared a $0.30 per share dividend on its common stock, payable on November 30, 2021, to stockholders of record as of November 15, 2021. The company will also release its nine-month and third-quarter 2021 results after market close on November 3, 2021, with a conference call scheduled for 10:00 a.m. ET on November 4, 2021. Investors can access the call via phone or through the company’s website.
CF Industries Holdings, Inc. (NYSE: CF) announced that its Billingham Complex in the UK will operate through January 2022 due to new CO2 pricing and offtake agreements with industrial gas customers. The complex produces 750 tonnes of CO2 daily as a byproduct of ammonia production, helping to alleviate supply concerns. Meanwhile, the Ince Complex in Chester remains offline without a resumption date. The company aims to support sustainable UK ammonia and fertilizer production while pursuing decarbonization strategies across its operations.
CF Industries Holdings, Inc. (NYSE: CF) has announced the immediate restart of its ammonia plant at the Billingham, UK complex. This decision comes after an interim agreement that covers the costs for the plant's operations and CO2 production for the UK market. CEO Tony Will expressed gratitude to Secretary Kwasi Kwarteng and his team for their assistance in preventing a CO2 supply disruption that could impact various industries. The plant’s safe restart is expected to take several days, with plans for a long-term CO2 supply solution being discussed.
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