CF Industries Q3 net earnings drop to $164M; highlights strong cash flow and low-carbon ammonia deals

CF Industries Holdings, Inc.

2023-Q3 EPS reported $6.42 revenue$5,060,000,000

Q3 2023 net earnings $164M ($0.85 diluted) vs $438M ($2.18) a year ago; net sales $1.27B down 45% YoY.
Nine months 2023 net earnings $1.25B ($6.42 diluted) vs $2.49B ($12.04); adjusted EBITDA $2.17B.
Repurchased 1.9M shares for $150M in Q3; expects to close $1.675B Waggaman acquisition Dec 1, 2023.
Entered agreement with POSCO to evaluate JV for low-carbon clean ammonia plant at Blue Point Complex.
2023 capex guidance $450-500M; natural gas cost in COGS $2.54/MMBtu in Q3 vs $8.35 last year.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

CF Industries Holdings, Inc. reported first nine months and third quarter ended September 30, 2023 results: revenue $5.06 billion, net income $1.25 billion, EPS $6.42 per diluted share.

Period: first nine months and third quarter ended September 30, 2023
Revenue: $5.06 billion
Net income: $1.25 billion
EPS: $6.42 per diluted share
Result: reported results

Exact text from the filing

common stockholders of $2.49 billion, or $12.04 per diluted share, EBITDA of $4.30 billion, and adjusted EBITDA of $4.58 billion. Net sales in the first nine months of 2023 were $5.06 billion compared to $8.58 billion in the first nine months of 2022. Average selling prices for 2023 were lower than 2022 due to higher global supply availability as lower global energy

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Source: SEC EDGAR

accession 0001324404-23-000022

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