Earnings Releases·Nov 4, 2026, 4:47 PM ET

CF Industries — First Nine Months 2026 Earnings Summary

Net earnings for the first nine months of 2026 reached $1.78 billion ($11.60 per diluted share), a significant increase from $1.05 billion ($6.39 per share) in the prior year period, driven by a $170 million litigation gain and higher average selling prices despite a 5% decline in sales volumes.
Full-year 2026 capital expenditures are projected at approximately $1.3 billion, while the company returned $612 million to shareholders via share repurchases in the first nine months and declared a quarterly dividend of $0.60 per share.
Management anticipates a constructive global nitrogen supply-demand balance in the near term, with long-term tightening expected as capacity additions lag demand growth over the next four years.
Strategic progress includes the commencement of construction on the Blue Point One ammonia plant (expected 2029 start-up) and the projected resumption of operations at the Yazoo City Complex in the first half of 2027.