Nitrogen products maker CF Industries' Q3 revenue slightly beats estimates on strong demand

CF Industries Holdings

05/11/2025 21:43

Overview

CF Industries Q3 revenue slightly beats analyst expectations, driven by strong nitrogen demand

The hydrogen and nitrogen products maker completed $3 bln share repurchase program, commenced new $2 bln program

Net earnings for Q3 2025 were $353 mln, adjusted EBITDA was $667 mln

Outlook

Company expects strong global nitrogen demand through end of 2025 and into 2026

CF Industries anticipates growing demand for low-carbon ammonia in 2026

Company projects constructive nitrogen supply-demand balance due to low inventories

Result Drivers

STRONG NITROGEN DEMAND - Co attributes higher selling prices to strong global nitrogen demand and supply disruptions

LOW-CARBON AMMONIA SALES - Co began selling premium low-carbon ammonia, contributing to revenue

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Sales
Slight Beat*
$1.66 bln
$1.65 bln (9 Analysts)
Q3 EPS
$2.19
Q3 Net Income
$353 mln
Q3 Adjusted EBITDA
$667 mln
Q3 Capex
$347 mln
Q3 EBITDA
$671 mln


*Applies to a deviation of less than 1%; not applicable for per-share numbers.

Analyst Coverage

The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 4 "strong buy" or "buy", 15 "hold" and 1 "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 11% above its November 4 closing price of $84.55

The stock recently traded at 12 times the next 12-month earnings vs. a P/E of 13 three months ago

Press Release: ID:nBw7PnJbHa

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