earnings
confidence high
sentiment neutral
materiality 0.70
CF Industries reports FY2024 net earnings $1.22B, adjusted EBITDA $2.28B; returned $1.9B to shareholders
CF Industries Holdings, Inc.
2024-FY EPS reported
$6.74
revenue$5,936,000,000
- Net earnings $328M in Q4 2024 ($1.89/diluted share); full-year net earnings $1.22B ($6.74/share), down from $1.53B in 2023.
- Full-year net sales $5.94B vs $6.63B in 2023; cost of natural gas in COGS $2.40/MMBtu vs $3.67/MMBtu.
- Repurchased 18.8M shares for $1.51B in 2024; $1.06B remains under $3B buyback program expiring Dec 2025.
- 2025 capex guidance $500-550M; gross ammonia production expected ~10M tons; US corn plantings forecast ~93M acres.
- ATR ammonia FEED study estimates ~$4B for Blue Point facility; final investment decision expected Q1 2025.