CF Industries Q2 Sales Miss Estimates by 9% as Volumes Drop 15%
CF sits 43% above its 52-week low of $75.415.
Summary
CF Industries reported Q2 revenue of $2.22 billion, missing the $2.44 billion consensus by 9%, driven by a 15% drop in sales volumes. Lower UAN, AN, and ammonia sales, partly from the Yazoo City Complex outage, offset higher selling prices across all segments. EPS came in at $4.73, with net income of $869 million and adjusted EBITDA of $1.19 billion. The company repurchased 2 million shares for $230 million during the quarter. Management expects global nitrogen supply to remain tight through 2027 and forecasts full-year 2026 gross ammonia production of about 9.5 million tons with capex of $1.3 billion. This follows a strong Q1 where earnings more than doubled, but the volume decline and revenue miss signal near-term headwinds. The stock recently traded at 9x forward earnings, below its three-month average of 10x.
At the time of this announcement, CF was trading at $107.90 on NYSE in the Industrial Applications And Services sector, with a market capitalization of approximately $17.9B. The 52-week trading range was $75.42 to $141.96. This news item was assessed with negative market sentiment and an importance score of 8 out of 10. Source: Reuters.