CF Industries Holdings, Inc. (CF) Form 10-Q — Aug 6, 2026

$CFForm 10-QFiled Aug 6, 2026, 1:29 PM ET0001324404-26-000019Original filing

CF Industries reported Q2 2026 net sales of $2.22 billion, up 18% year over year, with net earnings attributable to common stockholders of $727 million, up 88%, and diluted EPS of $4.73 versus $2.37, a 100% increase. The surge was driven primarily by a 39% jump in average selling prices to $523 per ton amid a tighter global nitrogen market, partially offset by a 15% decline in sales volumes. Capital returns accelerated alongside earnings: on July 8, 2026 the Board raised the quarterly dividend 20% to $0.60 per share, and the company repurchased 2.2 million shares for $245 million in the first half under its $2 billion authorization.

Key figures

Eps: Q2 diluted $4.73 vs $2.37 prior year (+100%); H1 diluted $8.71 vs $4.20 (+107%)
Revenue: Q2 2026: $2,222M (+18% YoY); H1 2026: $4,208M (+18% YoY)
Net Income: Q2 2026: $869M net earnings / $727M attributable to common stockholders (+88% YoY); H1: $1,545M / $1,342M (+92%)
Total Debt: $3,216M carrying value / $3,250M principal of long-term debt
Revenue Yoy: 18%
Total Assets: $15,099M
Cash Position: $2,480M at June 30, 2026 (vs $1,982M at December 31, 2025)
Shares Outstanding: 151,338,130 as of August 3, 2026
Capex h1 2026: $494M
45q tax credits: $19M Q2 / $43M H1 2026
Gross margin q2: $1,145M, 51.5% vs 39.9% prior year
Q2 sales volume: 4,252 thousand product tons (-15% YoY)
Asset impairment q2: $23M related to Yazoo City rebuild plan
Share repurchases h1: 2.2 million shares for $245M under $2B 2025 program
Capex fy2026 guidance: ~$1.3B ($550M existing operations, ~$600M Blue Point One JV, ~$150M Blue Point Common Facilities)
Effective tax rate q2: 20.5%
Canada tax deposits h1: ~$194M (CAD $268M) transfer-pricing deposits
Operating cash flow h1: $1,374M (+$225M YoY)
Insurance recoveries h1: $50M business interruption + $25M property damage for Yazoo City incident
Average selling price q2: $523/ton vs $376/ton (+39%)
Dividend declared july 2026: $0.60 per share quarterly, up from $0.50
Litigation settlement gain h1: ~$170M recognized in Q1 2026

Price after filing

1 day: -3.2%7 days: -0.9%30 days: +12.9%

Close on the filing date to close N calendar days later (from $118.11). Historical, not a forecast.

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