Earnings Releases·Nov 4, 2026, 4:59 PM ET

CF Industries — Q3 2026 Earnings Summary

Q3 2026 net sales rose 12% to $1,860 million and net earnings increased 24% to $436 million ($2.87 per share) compared to Q3 2025, while nine-month net earnings surged 69% to $1.77 billion.
The company reaffirmed a mid-cycle EBITDA target of ~$2.9 billion and a long-term target of ~$3.3 billion by 2030, driven by constructive global supply-demand fundamentals and decarbonization monetization.
Strategic capital deployment continues with the commencement of the $3.7 billion Blue Point Complex (production expected 2029) and a 2026 capex guidance of ~$950 million, alongside $1.3 billion in capital returned to shareholders year-to-date.
Share repurchase authorization extends through 2029 with $1.3 billion remaining under the $2 billion total program, and the company maintains a 5-year average free cash flow conversion of ~60%.