CF Industries Q4 revenue beats estimates

CF Industries Holdings

18/02/2026 21:44

Overview

Global nitrogen product maker's Q4 net sales beat analyst expectations

Company repurchased 16.6 mln shares for $1.34 bln in 2025

Outlook

CF Industries expects 2026 ammonia production to be 9.5 mln tons

Company projects 2026 capital expenditures of $1.3 bln

Result Drivers

HIGHER SELLING PRICES - Strong global nitrogen demand and supply disruptions during 2025 led to higher average selling prices across all segments

HIGHER NATURAL GAS COSTS - Increased cost of sales in 2025 due to higher realized natural gas costs

PRODUCTION ISSUES - Lower sales volumes in the quarter for granular urea and AN due to production issues at Yazoo City Complex

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q4 Sales
Beat
$1.87 bln
$1.78 bln (11 Analysts)
Q4 EPS
$2.59
Q4 Net Income
$404 mln
Q4 Adjusted EBITDA
$821 mln
Q4 Capex
$226 mln
Q4 EBITDA
$731 mln


Analyst Coverage

The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 5 "strong buy" or "buy", 15 "hold" and 2 "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 $95.00, about 1.3% above its February 17 closing price of $93.79

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

Press Release: ID:nBw7bQvGVa

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.)