earnings
confidence high
sentiment negative
materiality 0.85
CF Industries Q2 2024 net earnings $420M ($2.30/dil sh), down 20% YoY; adjusted EBITDA $752M
CF Industries Holdings, Inc.
2024-Q2 EPS reported
$3.31
revenue$3,042,000,000
- Net earnings $420M in Q2 2024, down 20% from $527M in Q2 2023; diluted EPS $2.30 vs $2.70.
- Net sales $1.57B vs $1.78B YoY; average selling prices lower on lower energy costs.
- Natural gas costs in cost of sales $1.90/MMBtu vs $2.75/MMBtu in Q2 2023.
- Repurchased 4.0M shares for $305M in Q2; remaining $1.9B in share buyback program.
- Signed CO2 sequestration agreement with ExxonMobil for Yazoo City; up to 500k metric tons/yr, start 2028.