CF Industries Q3 sales rise 12%, beat estimates
CF•CF•CF•CF•CF Industries reported third-quarter sales of $1.86 billion, up 12% and above the $1.79 billion estimate. Net income was $436 million, adjusted EBITDA was $833 million, and the company repurchased 3 million shares for $367 million.
Third-quarter sales rose 12% to $1.86 billion, beating the $1.79 billion consensus estimate. Net income was $436 million, earnings per share were $2.87 and adjusted EBITDA was $833 million.
Average selling prices increased for ammonia, ammonium nitrate and other segments, while sales volumes rose 7% year over year, led by higher UAN and urea sales. Costs also increased, including purchased product, freight, distribution and maintenance costs, with the ongoing Yazoo City Complex outage contributing.
CF Industries expects global nitrogen supply-demand fundamentals to remain constructive into 2027 and projects full-year 2026 gross ammonia production of about 9.5 million tons. It repurchased 3 million shares for $367 million in the quarter.
