---
schema_version: "secwatch.filing_event.v1"
accession: "0001324404-23-000022"
form_type: "8-K"
ticker: "CF"
cik: "0001324404"
company_name: "CF Industries Holdings, Inc."
filed_at: "2023-11-01T23:59:59+00:00"
generated_at: "2026-06-09T02:07:10.934951+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001324404-23-000022
- form_type: 8-K
- ticker: CF
- cik: 0001324404
- company_name: CF Industries Holdings, Inc.
- filed_at: 2023-11-01T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1324404/000132440423000022/0001324404-23-000022-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1324404/000132440423000022/cf-20231101.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001324404-23-000022
- JSON: https://secwatch.observer/filing/0001324404-23-000022.json
- Plain text: https://secwatch.observer/filing/0001324404-23-000022.txt

## Key facts
- Earnings Releases
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1324404/000132440423000022/0001324404-23-000022-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.