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Cf Industries Holdings (CF)
NYSE:CF
Holding CF?
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Earnings Data
Report Date
Feb 12, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
$1.61Last Year’s EPS
$1.5Same Quarter Last Year
Based on 14 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Oct 30, 2024
|% Change Since: 4.52%
|Next Earnings Date:Feb 12, 2025
Earnings Call Sentiment|Positive
The earnings call highlighted CF Industries' strong financial performance, operational efficiencies, and progress in strategic projects despite some challenges. The company is well-positioned given strong global demand and tight supply conditions. However, there are concerns related to safety incidents, weather, and geopolitical risks.Company Guidance
During the CF Industries Q3 2024 earnings call, the company provided several key metrics and guidance for the remainder of the year. The firm reported an adjusted EBITDA of $511 million for the third quarter, bringing the total for the first nine months to $1.7 billion. They highlighted strong cash flow conversion, ending the quarter with more cash than they began, even after returning $580 million to shareholders through share repurchases and dividends. The company anticipates producing approximately 9.8 million tons of gross ammonia for the year. CF Industries also discussed their strategic initiatives, including the Donaldsonville Carbon Capture project, which is on track for sequestration startup and 45Q tax credit generation by 2025. Additionally, the firm is advancing its green ammonia project and evaluating a greenfield low-carbon ammonia plant, with a final investment decision expected in early 2025. They expect a tightening global nitrogen market over the next few years due to rising demand outpacing capacity growth. The firm remains focused on driving strong cash generation and creating substantial value for shareholders.Strong Financial Performance
CF Industries reported adjusted EBITDA of $511 million for Q3 and $1.7 billion for the first 9 months of 2024. The company also returned $580 million to shareholders through buybacks and dividends.
High Ammonia Utilization
Achieved an ammonia utilization rate of 93% in Q3 despite challenges from weather events, with an expectation to produce approximately 9.8 million tons of gross ammonia for the year.
Progress in Strategic Initiatives
Advancement in the Donaldsonville Carbon Capture project with expected sequestration and 45Q tax credit realization in 2025. Commissioning of the green ammonia project continues as planned.
Robust Global Nitrogen Demand
Global nitrogen demand is strong, with low inventories and limited Chinese urea exports. Expectations of tight supply-demand balance in the future.
Successful Share Repurchase Program
Repurchased nearly 15 million shares, reducing the share count by 7.5%, with $1.5 billion remaining for further buybacks by the end of 2025.
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CF Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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CF Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Oct 30, 2024 | $81.30 | $81.75 | +0.55% |
| Aug 07, 2024 | $72.42 | $78.58 | +8.51% |
| May 01, 2024 | $76.52 | $72.49 | -5.27% |
| Feb 14, 2024 | $76.13 | $75.37 | -1.00% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Cf Industries Holdings (CF) report earnings?
Cf Industries Holdings (CF) is schdueled to report earning on Feb 12, 2025, TBA Not Confirmed.
What is Cf Industries Holdings (CF) earnings time?
Cf Industries Holdings (CF) earnings time is at Feb 12, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is CF EPS forecast?
CF EPS forecast for the fiscal quarter 2024 (Q4) is $1.61.
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