Nov 5 (Reuters) - CF Industries ( CF ) topped analysts'
expectations for third-quarter revenue on Wednesday, helped by
robust demand for fertilizers.
A robust planting season and healthy crops in several parts
of North America, along with stabilization in prices for
nutrients after a period of volatility, has boosted demand for
fertilizers.
CF Industries ( CF ) produces nutrients such as nitrogen, ammonium
nitrate, urea ammonium nitrate solution, granular urea and
ammonia, all of which are key feedstocks for fertilizers.
Its quarterly net sales stood at $1.66 billion, just above
analysts' average estimate of $1.65 billion, according to data
compiled by LSEG.
The company also forecast strong global nitrogen demand
through the end of 2025 and into 2026, citing low inventories
and a constructive supply-demand balance.
It reported third-quarter net earnings of $353 million, or
$2.19 per share, compared with $276 million, or $1.55 per share,
a year earlier.
Peer Mosaic also beat third-quarter profit
expectations on strong potash demand and pricing.
Besides, CF Industries ( CF ) said it completed a $3 billion share
buyback program during the quarter and commenced a $2 billion
repurchase.