CF Industries Holdings, Inc.


SKU: CF-1 Category:


CF Industries Holdings delivered a disappointing set of results as the company was unable to meet Wall Street’s revenue and earnings expectations. In the third quarter, they experienced a departure from the typical pattern of softened demand and prices in North America. Purchasers entered the market aggressively early in the quarter, driven by attractive nitrogen values, positive farm economics, European interest, and low North American nitrogen channel inventories. By the end of September, CF Industries had successfully built a robust order book for UAN and ammonia, extending well into the fourth quarter. This strong demand early in the quarter resulted in an upward trajectory for nitrogen prices, with urea barge prices in New Orleans rising from below $300 to over $400 per ton in early September. The Tampa ammonia contract similarly increased from $285 to $575 per metric ton during the quarter. Looking ahead, CF Industries anticipates the resilience of agricultural-led demand for nitrogen in the long term, with global green stocks expected to approach averages from the last five years by the end of the 2024 growing season.

Our Report Structure:

⦁ Company Overview
⦁ Investment Thesis
⦁ Key Drivers
⦁ Historical Quarterly Statement Analysis – Income Statement & Cash Flows
⦁ Historical Quarterly Balance Sheet Analysis
⦁ Historical Annual Financial Statement Analysis
⦁ Analysis Of Key Financial Ratios
⦁ Financial Forecasts For 3 Years
⦁ Forecasting The Capital Structure & Net Debt
⦁ Discounted Cash Flow Valuation
⦁ Trading Multiples
⦁ Key Risks
⦁ Disclosures

Want unlimited access to our reports? Purchase our $99 annual subscription!