Every material Form 8-K CF Industries has filed with the SEC since August 06, 2025, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
CF Industries reported third-quarter 2026 results in a presentation dated November 4, 2026, filed as Exhibit 99.1, and will discuss them on a conference call on November 5, 2026. Net sales, net earnings and adjusted EBITDA all rose from the third quarter of 2025, which is the main measure shareholders would watch.
Q3 2026 net sales were $1,860 million, up from $1,659 million in Q3 2025
Q3 2026 net earnings attributable to common stockholders were $436 million, or $2.87 per diluted share, versus $353 million, or $2.19 per diluted share, a year earlier
Q3 2026 adjusted EBITDA was $833 million, up from $667 million; nine-month 2026 adjusted EBITDA was $3,008 million versus $2,072 million
As of September 30, 2026, $1.1 billion remained under the current $2 billion share repurchase authorization, which runs through 2029
CF Industries reported third quarter 2026 net earnings of $436 million, or $2.87 per diluted share, up from $353 million, or $2.19 per share, a year earlier. For the first nine months, net earnings were $1.78 billion, or $11.60 per diluted share, versus $1.05 billion, or $6.39 per share, in the prior-year period, and that total includes a gain of approximately $170 million from a litigation settlement, which the company said affects comparability.
Third quarter 2026 net sales were $1.86 billion, compared with $1.66 billion a year earlier.
Third quarter 2026 adjusted EBITDA was $833 million, compared with $667 million in the third quarter of 2025.
The company repurchased 3.0 million shares for $367 million in the third quarter and has about $1.11 billion left under its program, which expires in December 2029.
Management expects full-year 2026 gross ammonia production of about 9.5 million tons and expects the Yazoo City Complex to resume operations in the first half of 2027.
CF Industries said its Vice President and Corporate Controller and Chief Accounting Officer, Richard A. Hoker, told the company on August 31, 2026 that he intends to retire effective March 3, 2027. The filing does not name a successor or describe the reasons for the departure.
Richard A. Hoker, Vice President and Corporate Controller and Chief Accounting Officer, informed the company of his retirement intention on August 31, 2026
Retirement is effective March 3, 2027
Filing does not name a successor or give retirement reasons
CF Industries reported second-quarter 2026 net sales of $2.2 billion, up from $1.9 billion a year earlier, and net earnings attributable to common stockholders of $727 million, up from $386 million. Adjusted EBITDA rose to $1.2 billion from $761 million, and the company said its Yazoo City Complex remains offline and is expected to resume operations in the first half of 2027, which affects its 2026 ammonia output.
Q2 2026 net earnings attributable to common stockholders were $727 million, or $4.73 per diluted share, versus $386 million, or $2.37 per diluted share, in Q2 2025.
Q2 2026 net sales were $2.2 billion ($2,222 million) versus $1.9 billion in Q2 2025; gross margin was 51.5% versus 39.9%.
The company returned $302 million to shareholders in Q2 2026, including about 2 million shares repurchased for $225 million, and declared a quarterly dividend of $0.60 per share, a 20% increase over the prior quarterly dividend.
Gross ammonia production for 2026 is expected to be about 9.5 million tons, including the impact of the Yazoo City outage that followed an incident in November 2025.
CF Industries reported second-quarter 2026 net earnings of $727 million, or $4.73 per diluted share, up from $386 million, or $2.37 per share, a year earlier, on net sales of $2.22 billion versus $1.89 billion. The company also declared a quarterly dividend of $0.60 per share, a 20% increase, and repurchased $230 million of stock in the quarter, though lower sales volumes and the extended Yazoo City outage weighed on results.
Q2 2026 net earnings of $727 million ($4.73 per diluted share) vs. $386 million ($2.37) in Q2 2025
First half 2026 net earnings of $1.34 billion, including a gain of approximately $170 million from a litigation settlement
Quarterly dividend raised to $0.60 per share, a 20% increase over the prior quarterly dividend
Q2 2026 sales volumes fell 15% year over year; full-year 2026 gross ammonia production expected at about 9.5 million tons
CF Industries reported first-quarter 2026 net earnings attributable to common stockholders of $615 million, or $3.98 per diluted share, up from $312 million, or $1.85 per diluted share, a year earlier. The results included a gain of about $170 million from a litigation settlement, which the company cited alongside tight global nitrogen supply as drivers of higher adjusted EBITDA.
Q1 2026 net sales were $1.99 billion ($1,986 million), up from $1,663 million in Q1 2025.
Q1 2026 adjusted EBITDA was $983 million, compared with $644 million in Q1 2025.
Q1 2026 results include a gain of about $170 million from a litigation settlement.
Q1 2026 gross margin was 37.6% of net sales, compared with 34.4% in Q1 2025.
CF Industries reported first quarter 2026 net earnings attributable to common stockholders of $615 million, or $3.98 per diluted share, compared with $312 million, or $1.85 per share, a year earlier. Net sales rose to $1.99 billion from $1.66 billion, and adjusted EBITDA rose to $983 million from $644 million; the company said higher average selling prices, tied to tight global nitrogen supply and the conflict with Iran, drove the gains. Results include a gain of approximately $170 million from a litigation settlement, and the Yazoo City Complex outage continues.
Net earnings of $615 million, or $3.98 per diluted share, versus $312 million, or $1.85, in Q1 2025
Net sales of $1.99 billion versus $1.66 billion; sales volumes were lower, while average selling prices rose for all segments
Q1 results include an approximately $170 million gain from a litigation settlement; the company expects 2026 ammonia production of about 9.5 million tons due to the Yazoo City outage
Board declared a $0.50 per share quarterly dividend on April 28, 2026, payable May 29, 2026 to holders of record as of May 15, 2026
CF Industries Holdings elected Andrew T. Scribner, formerly of Kimberly-Clark, as executive vice president and chief financial officer, effective May 26, 2026. He will report to CEO Christopher D. Bohn, and his pay package includes a $675,000 base salary, an 80% target bonus and a $2 million fiscal 2026 equity award.
Scribner, 47, most recently served as vice president, global controller and head of corporate finance planning and analysis at Kimberly-Clark from June 2025 to May 2026.
Sign-on payment of $140,000, annual base salary of $675,000 and target annual incentive of 80% of base salary.
Fiscal 2026 long-term equity award valued at $2 million, split 40% restricted stock units and 60% performance restricted stock units.
Change in control agreement provides a lump sum payment of two times base salary plus target bonus following a qualifying termination.
CF Industries reported higher fourth-quarter and full-year 2025 results compared with 2024, with net sales, net earnings and adjusted EBITDA all up. The filing furnishes a results presentation and says the company will discuss the results on a conference call on February 19, 2026.
Q4 2025 net earnings attributable to common stockholders were $404 million, up from $328 million in Q4 2024; diluted EPS was $2.59 versus $1.89.
Q4 2025 adjusted EBITDA was $821 million, up from $562 million; Q4 net sales were $1,872 million versus $1,524 million.
Full-year 2025 net earnings were $1,455 million ($8.97 per diluted share), up from $1,218 million ($6.74) in 2024; full-year adjusted EBITDA was $2,893 million versus $2,284 million.
CF Industries reported full-year 2025 net earnings of $1.46 billion, or $8.97 per diluted share, compared with $1.22 billion, or $6.74 per share, in 2024, on net sales of $7.08 billion versus $5.94 billion. Fourth-quarter 2025 net earnings were $404 million, or $2.59 per share, up from $328 million a year earlier. The company also said it expects 2026 ammonia production of about 9.5 million tons due to an outage at its Yazoo City complex.
Full-year 2025 net earnings of $1.46 billion ($8.97 per diluted share) versus $1.22 billion ($6.74) in 2024
Fourth-quarter 2025 net earnings of $404 million ($2.59 per diluted share) versus $328 million ($1.89) a year earlier
Repurchased 16.6 million shares for $1.34 billion in 2025; $1.7 billion remains under the program, which expires in December 2029
Yazoo City outage not expected to resume production until the fourth quarter of 2026 at the earliest
CF Industries said its executive vice president and chief financial officer, Gregory Cameron, will leave the company effective February 15, 2026, by mutual agreement. The company named Richard Hoker, its vice president and corporate controller, as interim CFO effective the same day, and has started a search for a permanent CFO.
Gregory D. Cameron, CFO, separates from the company effective February 15, 2026; agreement reached January 5, 2026
Richard A. Hoker, 61, named interim CFO effective February 15, 2026, until a successor is appointed
Hoker has been vice president and corporate controller and chief accounting officer since November 2007
No compensation decisions have been made yet; existing arrangements for both executives remain in effect
CF Industries reported third-quarter 2025 results, with net sales of $1,659 million versus $1,370 million a year earlier and net earnings attributable to common stockholders of $353 million versus $276 million. The company said the increase was driven by higher average selling prices and sales volumes, partly offset by higher natural gas costs, and it completed a $3 billion share repurchase authorization in October 2025.
Q3 2025 net sales $1,659 million vs $1,370 million in Q3 2024; net earnings per diluted share $2.19 vs $1.55
Q3 2025 adjusted EBITDA $667 million vs $511 million; 9M 2025 adjusted EBITDA $2.1 billion, up 20% from 9M 2024
Natural gas costs in cost of sales rose to $2.96 per MMBtu in Q3 2025 from $2.09 in Q3 2024
Completed $3 billion share repurchase authorization in October 2025; commenced a $2 billion authorization expiring December 2029
CF Industries reported third-quarter 2025 net earnings attributable to common stockholders of $353 million, or $2.19 per diluted share, up from $276 million, or $1.55 per share, a year earlier. Net sales rose to $1.66 billion from $1.37 billion, and the company said higher average selling prices drove the gain. The company also completed its $3 billion 2022 buyback program in October and began a $2 billion program authorized in 2025.
Q3 2025 net earnings $353 million ($2.19 per diluted share) vs. $276 million ($1.55) in Q3 2024
Q3 2025 net sales $1.66 billion vs. $1.37 billion; adjusted EBITDA $667 million vs. $511 million
Nine-month 2025 net earnings $1.05 billion ($6.39 per share) vs. $890 million ($4.86) in 2024
Completed $3 billion buyback in October 2025 and commenced a $2 billion program, effective through December 2029
CF Industries Holdings entered into an amended and restated $750 million senior unsecured revolving credit agreement dated September 4, 2025, replacing its October 26, 2023 facility. The facility matures September 4, 2030 and the borrowers may use it for working capital, capital expenditures, acquisitions, share repurchases and other general corporate purposes.
Facility size of $750 million, with a $125 million letter of credit sub-limit and a $75 million swingline sub-limit
Maturity date of September 4, 2030
Interest margins of 0.875% to 1.50% over the applicable benchmark rate, with an undrawn commitment fee of 0.09% to 0.20%, depending on the Company's credit rating
Financial maintenance covenant requires total net leverage ratio of no more than 3.75:1.00, with a temporary step-up to 4.25:1.00 after a material acquisition
CF Industries said CEO W. Anthony Will will retire effective January 4, 2026, and its board elected executive vice president and chief operating officer Christopher D. Bohn to succeed him on that date. The filing reports no compensation decisions yet for either executive, and existing arrangements remain in effect.
Will informed the company on September 5, 2025 of his retirement as president and CEO, effective January 4, 2026, and will serve as an advisor until March 15, 2026.
The board elected Bohn, age 57, on September 6, 2025 to succeed Will; he has been a board member since February 2024.
Bohn was previously CF Industries' chief financial officer and joined the company in 2009 as director of corporate planning and analysis.
Will will remain on the board until the 2026 annual meeting, when he will retire and not stand for re-election.
CF Industries reported second-quarter 2025 net sales of $1,890 million, up from $1,572 million a year earlier, while net earnings attributable to common stockholders fell to $386 million from $420 million. Diluted earnings per share rose to $2.37 from $2.30, with a lower diluted share count of 163.1 million versus 182.8 million, and adjusted EBITDA edged up to $761 million from $752 million.
Q2 2025 net sales $1,890 million vs $1,572 million in Q2 2024
Net earnings attributable to common stockholders $386 million vs $420 million; diluted EPS $2.37 vs $2.30
Q2 2025 adjusted EBITDA $761 million vs $752 million; 1H 2025 adjusted EBITDA $1,405 million, up 16%
Over $800 million returned to shareholders in 1H 2025 through repurchases and dividends; ~$425 million left in $3 billion repurchase authorization
CF Industries reported first-half 2025 net earnings of $698 million, or $4.20 per diluted share, up from $614 million, or $3.31 per share, a year earlier, on net sales of $3.55 billion versus $3.04 billion. Second-quarter net earnings were $386 million ($2.37 per share), down from $420 million in the second quarter of 2024, though per-share earnings rose from $2.30, and the company cited higher realized natural gas costs. The results matter to shareholders because the company also repurchased shares and authorized a new $2 billion buyback program.
First-half 2025 net earnings were $698 million, or $4.20 per diluted share, versus $614 million, or $3.31, in first-half 2024.
Second-quarter 2025 net earnings were $386 million, or $2.37 per diluted share, versus $420 million, or $2.30, a year earlier.
Average natural gas cost in cost of sales was $3.36 per MMBtu in the second quarter of 2025, compared with $1.90 in the second quarter of 2024.
On May 6, 2025, the board authorized a $2 billion share repurchase program, effective through December 2029, to begin after the current program is completed.
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