CF Industries FY2023 net earnings $1.53B, down 54% YoY; dividend raised 25%

CF Industries Holdings, Inc.

2023-FY EPS reported $7.87 revenue$6,631,000,000

Full year net earnings $1.53B ($7.87/diluted) vs $3.35B ($16.38) in 2022; adjusted EBITDA $2.76B vs $5.88B.
Net sales $6.63B, down 41% from $11.19B; natural gas costs fell to $3.67/MMBtu from $7.18.
Closed Waggaman ammonia plant acquisition for $1.675B; quarterly dividend increased 25% to $0.50/share.
Repurchased 2.9M shares for $225M in Q4; projects 2024 capex ~$550M and ammonia production ~10M tons.
Greenfield low-carbon ammonia plant FEED study estimate ~$3B; FID targeted H2 2024; green ammonia project commissioning underway.

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 0.9

CF Industries Holdings, Inc. reported the fourth quarter of 2023 results: net income Fourth quarter net earnings (1)(2) of $274 million, or $1.44 per diluted share.

Period: the fourth quarter of 2023
Net income: Fourth quarter net earnings (1)(2) of $274 million, or $1.44 per diluted share
Result: reported results

Exact text from the filing

Fourth quarter net earnings (1)(2) of $274 million, or $1.44 per diluted share, EBITDA of $556 million, and adjusted EBITDA of $592 million

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

CF Industries Holdings, Inc. reported the full year and fourth quarter ended December 31, 2023 results: net income net earnings attributable to common stockholders were $1.53 billion, or $7.87 per diluted share.

Period: the full year and fourth quarter ended December 31, 2023
Net income: net earnings attributable to common stockholders were $1.53 billion, or $7.87 per diluted share
Result: reported results

Exact text from the filing

Full year net earnings (1)(2) of $1.53 billion, or $7.87 per diluted share, EBITDA (2) of $2.71 billion, and adjusted EBITDA (3) of $2.76 billion

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CF Industries Holdings, Inc. filing history →

Source: SEC EDGAR

accession 0001324404-24-000003

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