Overview

* CF Industries ( CF ) Q3 revenue slightly beats analyst expectations, driven by strong nitrogen demand

* The hydrogen and nitrogen products maker completed $3 bln share repurchase program, commenced new $2 bln program

* Net earnings for Q3 2025 were $353 mln, adjusted EBITDA was $667 mln

Outlook

* Company expects strong global nitrogen demand through end of 2025 and into 2026

* CF Industries ( CF ) anticipates growing demand for low-carbon ammonia in 2026

* Company projects constructive nitrogen supply-demand balance due to low inventories

Result Drivers

* STRONG NITROGEN DEMAND - Co attributes higher selling prices to strong global nitrogen demand and supply disruptions

* LOW-CARBON AMMONIA SALES - Co began selling premium low-carbon ammonia, contributing to revenue

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q3 Sales Slight $1.66 $1.65

Beat* bln bln (9

Analysts

)

Q3 EPS $2.19

Q3 Net $353 mln

Income

Q3 $667 mln

Adjusted

EBITDA

Q3 Capex $347 mln

Q3 $671 mln

EBITDA

*Applies to a deviation of less than 1%; not applicable for per-share numbers.

Analyst Coverage

* The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 4 "strong buy" or "buy", 15 "hold" and 1 "sell" or "strong sell"

* The average consensus recommendation for the agricultural chemicals peer group is "buy."

* Wall Street's median 12-month price target for CF Industries Holdings Inc ( CF ) is $95.00, about 11% above its November 4 closing price of $84.55

* The stock recently traded at 12 times the next 12-month earnings vs. a P/E of 13 three months ago

Press Release:

For questions concerning the data in this report, contact [email protected]. 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.)