CF Industries(NYSE) CF

CF Industries Holdings, Inc. makes nitrogen-based chemicals that help farmers grow healthy crops to feed people. These products also help industrial businesses reduce pollution and produce cleaner energy. The company sells these items to distributors and large industrial customers across the globe.

Essential Products for Global Markets

• Ammonia: Building block chemical used as direct-application fertilizer and for reducing industrial emissions; net sales were $586 million in the second quarter of 2026.
• Granular Urea: Solid fertilizer with high nitrogen content used to improve crop yields; generated $759 million in net sales during the second quarter of 2026.
• Urea Ammonium Nitrate: Liquid fertilizer solution preferred by many farmers for its ease of application; accounted for $613 million in net sales in the second quarter of 2026.
• Ammonium Nitrate: Solid fertilizer that is also used as a component in commercial explosives; net sales were $71 million in the second quarter of 2026.
• Other Products: Specialty chemicals including diesel exhaust fluid to lower engine pollution and nitric acid for manufacturing; net sales reached $193 million in the second quarter of 2026.

Scaling for Clean Energy

• Completed a carbon capture and sequestration project at the Donaldsonville facility in July 2025 to enable low-carbon ammonia production.
• Formed the Blue Point One joint venture in April 2025 to build a new $3.7 billion ammonia plant in Louisiana.
• Finished an emissions reduction project at the Verdigris nitric acid plant in the fourth quarter of 2025.
• Approved a plan in the second quarter of 2026 to rebuild production units at the Yazoo City complex with an expected return to service in 2027.
• Started selling the first certified low-carbon ammonia products to customers in Europe and Africa during 2025.

Operational Strengths and Reach

CF Industries operates the largest ammonia production complex in the world at its Donaldsonville, Louisiana, site. The company maintains an extensive distribution network of terminals and transportation equipment located primarily throughout the Midwestern United States.

Recent Financial Performance

• Net sales reached $2.22 billion in the second quarter of 2026, up 18% year over year.
• Gross margin grew to $1.15 billion in the three months ended June 30, 2026, up 52% year over year.
• Net earnings attributable to common stockholders rose 88% to $727 million in the second quarter of 2026.
• Diluted net earnings per share hit $4.73 in the second quarter of 2026, up 100% year over year.
• The company reported a price-to-earnings ratio of 5.7 as of the second quarter of 2026.

Bottom Line

CF Industries has evolved from a traditional fertilizer manufacturer into a major producer of low-carbon nitrogen products. Its focus on decarbonizing its massive production network allows it to serve growing global demand for both sustainable agriculture and clean energy fuels.