CF Industries Q1 revenue beats estimates

CF Industries Holdings

06/05/2026 21:39

Overview

Nitrogen fertilizer maker's Q1 revenue rose yr/yr, beating analyst expectations

Adjusted EPS for Q1 rose yr/yr; net earnings benefited from $170 mln litigation settlement gain

Company repurchased $15 mln in shares and launched low-carbon UAN collaboration with PepsiCo

Outlook

CF Industries expects full-year 2026 gross ammonia production of about 9.5 mln tons

Company projects 2026 capital expenditures of about $1.3 bln, including $950 mln for CF Industries

Management expects global nitrogen supply-demand balance to remain tighter than expected in near- and medium-term

Result Drivers

HIGHER SELLING PRICES - Co said tight global nitrogen supply-demand balance, worsened by Middle East conflict, led to higher average selling prices across all segments

SUPPLY CONSTRAINTS - Lower sales volumes in UAN and AN segments due to production outage at Yazoo City Complex and product mix favoring urea

HIGHER COSTS - Increased maintenance and natural gas costs, including extended Yazoo City outage, raised cost of sales

Company press release: ID:nBwb1hcZKa

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Sales
Beat
$1.99 bln
$1.82 bln (9 Analysts)
Q1 EPS
$3.98
Q1 Net Income
$615 mln
Q1 Adjusted EBITDA
$983 mln


Analyst Coverage

The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 4 "strong buy" or "buy", 13 "hold" and 4 "sell" or "strong sell"

The average consensus recommendation for the agricultural chemicals peer group is "buy."

Wall Street's median 12-month price target for CF Industries Holdings Inc is $122.28, about 4.5% below its May 5 closing price of $128.04

The stock recently traded at 11 times the next 12-month earnings vs. a P/E of 12 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)