NYSE$CF
CF Industries Holdings Inc · Q4 2024 earnings
Q4 2024 earnings · · After market close · Investor relations
Briefing
CF Industries reported solid financial performance in Q4 2024, driven by stable sales and cost efficiency measures.
CF Industries posted net earnings of $328 million and revenue of $1.52 billion in Q4 2024. Adjusted EBITDA came in at $562 million. Despite lower selling prices, the company maintained strong margins through cost management and operational efficiencies.
- Net earnings of $328 million, or $1.89 per diluted share.
- Revenue of $1.52 billion, slightly lower than Q4 2023.
- Adjusted EBITDA of $562 million, reflecting stable profitability.
- Higher ammonia sales volume offset lower UAN and AN sales.
Headline financials
Revenue & EPS history
CF Industries · Revenue · Quarterly
$1.52B
Revenue by segment
CF Industries · $3.39B total across 5 segments · Q2 2022
- Ammonia Segment$1.12B+67.7%32.9%
- UAN Segment$976M+46.5%28.8%
- Granular Urea Segment$833M+0.1%24.6%
- AN Segment$253M+5.0%7.5%
- Other Segment$212M-8.6%6.3%
Forward guidance
CF Industries anticipates stable nitrogen demand, supported by strong agricultural fundamentals and constrained global supply. Management projects ammonia production to reach 10 million tons in 2025.
Tailwinds
- Projected ammonia production of 10 million tons in 2025.
- Strong nitrogen demand expected due to global agricultural trends.
- Cost-advantaged North American production remains a competitive edge.
- Operational improvements enhancing efficiency and profitability.
- Stable corn prices driving demand for nitrogen-based fertilizers.
Headwinds
- Lower global energy costs continue to pressure selling prices.
- Uncertainty around Chinese urea export policies.
- Potential volatility in natural gas prices impacting margins.
- European ammonia production curtailments may create market imbalances.
- Geopolitical risks affecting global fertilizer trade.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q4 2024
+0.7%
Avg return
Earnings day
+1.5%
Avg return
5 days after
+2.4%
Avg return
30 days after
57%
41 / 72 earnings
Positive
+11.4%
Q2 2018
Best reaction
-12.5%
Q2 2016
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | -0.0% | +8.6% | -5.0% | |
| Q4 2025 | +4.8% | +0.3% | +30.3% | |
| Q3 2025 | -4.3% | -1.6% | -8.4% | |
| Q1 2025 | +0.8% | +8.7% | +14.2% | |
| Q4 2024 | -4.2% | -6.4% | -8.4% | |
| Q3 2024 | +1.1% | +6.2% | +10.2% | |
| Q2 2024 | +8.4% | +10.1% | +7.0% | |
| Q1 2024 | -6.5% | -5.6% | +1.0% | |
| Q4 2023 | -0.3% | +0.9% | +8.3% | |
| Q3 2023 | +0.7% | -0.7% | -4.3% | |
| Q2 2023 | -0.1% | -1.0% | -2.5% | |
| Q1 2023 | +3.5% | -2.7% | -14.1% | |
| Q4 2022 | -0.3% | -3.7% | -17.1% | |
| Q3 2022 | -2.4% | -3.2% | -3.2% | |
| Q2 2022 | +2.8% | +4.8% | +8.3% | |
| Q1 2022 | -0.4% | -9.7% | -4.8% | |
| Q4 2021 | +4.1% | +2.5% | +29.0% | |
| Q3 2021 | +3.7% | +10.9% | +5.0% | |
| Q2 2021 | +3.5% | +4.7% | -3.5% | |
| Q1 2021 | +5.1% | +10.1% | +11.6% | |
| Q4 2020 | -3.0% | +3.6% | +6.5% | |
| Q3 2020 | +1.2% | +7.2% | +46.4% | |
| Q2 2020 | +3.1% | +7.7% | +2.5% | |
| Q1 2020 | +0.8% | +0.5% | +19.8% | |
| Q4 2019 | -6.7% | -9.2% | -34.4% | |
| Q3 2019 | -3.2% | +1.6% | -1.4% | |
| Q2 2019 | +5.2% | +2.0% | -3.1% | |
| Q1 2019 | -2.9% | -2.2% | -10.1% | |
| Q4 2018 | -0.9% | -2.7% | +0.3% | |
| Q3 2018 | +10.4% | +7.0% | -8.8% | |
| Q2 2018 | +11.4% | +10.5% | +17.0% | |
| Q1 2018 | -1.0% | -2.4% | +4.7% | |
| Q4 2017 | +4.8% | +3.5% | -1.7% | |
| Q3 2017 | +1.5% | +3.2% | -1.0% | |
| Q2 2017 | +5.1% | +9.3% | +2.6% | |
| Q1 2017 | +2.7% | +5.3% | +0.1% | |
| Q4 2016 | -7.7% | -6.1% | -19.4% | |
| Q3 2016 | -9.2% | -6.4% | +14.0% | |
| Q2 2016 | -12.5% | -5.3% | +5.9% | |
| Q1 2016 | -2.8% | — | — | |
| Q4 2015 | +10.4% | — | — | |
| Q3 2015 | -9.9% | — | — | |
| Q2 2015 | +4.1% | — | — | |
| Q1 2015 | +3.4% | — | — | |
| Q4 2014 | -1.7% | — | — | |
| Q3 2014 | -0.4% | — | — | |
| Q2 2014 | -2.3% | — | — | |
| Q1 2014 | -0.9% | — | — | |
| Q4 2013 | +2.6% | — | — | |
| Q3 2013 | -2.5% | — | — | |
| Q2 2013 | -1.7% | — | — | |
| Q1 2013 | +4.2% | — | — | |
| Q4 2012 | -4.4% | — | — | |
| Q3 2012 | +3.7% | — | — | |
| Q2 2012 | +2.0% | — | — | |
| Q1 2012 | -8.1% | — | — | |
| Q4 2011 | +4.2% | — | — | |
| Q3 2011 | +2.7% | — | — | |
| Q2 2011 | -2.4% | — | — | |
| Q1 2011 | +5.1% | — | — | |
| Q4 2010 | +5.4% | — | — | |
| Q3 2010 | +2.9% | — | — | |
| Q2 2010 | -2.6% | — | — | |
| Q1 2009 | +2.6% | — | — | |
| Q1 2010 | +0.0% | — | — | |
| Q4 2007 | +5.4% | — | — | |
| Q4 2009 | +5.4% | — | — | |
| Q3 2008 | +2.6% | — | — | |
| Q3 2009 | +2.6% | — | — | |
| Q2 2009 | +1.3% | — | — | |
| Q4 2008 | +1.3% | — | — | |
| Q2 2008 | +1.3% | — | — |
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