)
Overview
<ul>
<li>Global nitrogen product maker’s Q4 net sales beat analyst expectations</li>
<li>Company repurchased 16.6 mln shares for $1.34 bln in 2025</li>
</ul>
Outlook
<ul>
<li>CF Industries expects 2026 ammonia production to be 9.5 mln tons</li>
<li>Company projects 2026 capital expenditures of $1.3 bln</li>
</ul>
Result Drivers
<ul>
<li>HIGHER SELLING PRICES - Strong global nitrogen demand and supply disruptions during 2025 led to higher average selling prices across all segments</li>
<li>HIGHER NATURAL GAS COSTS - Increased cost of sales in 2025 due to higher realized natural gas costs</li>
<li>PRODUCTION ISSUES - Lower sales volumes in the quarter for granular urea and AN due to production issues at Yazoo City Complex</li>
</ul>
Key Details
Metric Beat/Mis Actual Consensu
s s
Estimate
Q4 Sales Beat $1.87 $1.78
bln bln (11
Analysts
)
<h3>Q4 EPS $2.59</h3>
Q4 Net $404 mln
Income
Q4 $821 mln
Adjusted
<h3>EBITDA</h3>
Q4 Capex $226 mln
Q4 $731 mln
<h3>EBITDA</h3>
Analyst Coverage
<ul>
<li>The current average analyst rating on the shares is “hold” and the breakdown of recommendations is 5 “strong buy” or “buy”, 15 “hold” and 2 “sell” or “strong sell”</li>
<li>The average consensus recommendation for the agricultural chemicals peer group is “buy.”</li>
<li>Wall Street’s median 12-month price target for CF Industries Holdings Inc is $95.00, about 1.3% above its February 17 closing price of $93.79</li>
<li>The stock recently traded at 12 times the next 12-month earnings vs. a P/E of 12 three months ago</li>
</ul>
Press Release: For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact . (This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

CF Industries Q4 revenue beats estimates