CF Industries reported third quarter 2026 revenue of $1.86 billion, slightly exceeding analyst expectations, while earnings per diluted share of $2.87 missed consensus. Performance was supported by a 7% year-over-year increase in sales volumes to 4.8 million product tons, driven by a rebound in nitrogen purchasing following earlier demand deferrals.
Key Highlights
- Adjusted EBITDA of $833 million fell short of the $875 million estimate as higher maintenance costs and purchased product expenses offset sales volume growth.
- High asset utilization reached 97% for the first nine months of 2026, despite the impact of the ongoing outage at the Yazoo City facility.
- Shareholder returns remained a priority with 3.0 million shares repurchased for $367 million during the quarter, leaving $1.11 billion remaining in the current authorization.
- Strategic clean energy milestones included the commencement of construction at the Blue Point One low-carbon ammonia joint venture in August 2026.