CF Industries — First Nine Months 2026 Earnings Summary

CF Industries Holdings, Inc. reported net earnings of $1.78 billion for the first nine months of 2026, driven by higher average selling prices and a $170 million litigation settlement gain. The company achieved a 97% utilization rate of its available ammonia capacity while managing an ongoing outage at its Yazoo City Complex. Global nitrogen supply constraints, exacerbated by geopolitical conflicts in the Middle East and Russia, have supported a constructive supply-demand balance through 2027. Additionally, construction commenced in August 2026 on the Blue Point One low-carbon ammonia joint venture, with full-year capital expenditures projected at approximately $1.3 billion.