CF Industries Holdings, Inc. announces financial results for first nine months of 2023

CF Industries Holdings, Inc. has announced its results for the first nine months and third quarter ended 30 September 2023.

Highlights

• First nine months 2023 net earnings of US$1.25 billion, or US$6.42 per diluted share, EBITDA of US$2.15 billion, and adjusted EBITDA of US$2.17 billion.
• Third quarter 2023 net earnings of US$164 million, or US$0.85 per diluted share, EBITDA of US$372 million, and adjusted EBITDA of US$445 million.
• Trailing twelve months net cash from operating activities of US$2.86 billion and free cash flow of US$1.96 billion.
• Agreement with POSCO Holdings, Inc., to evaluate a joint venture to construct a low-carbon clean ammonia plant at CF Industries’ Blue Point Complex in Ascension Parish, Louisiana, United States, along with long-term low-carbon clean ammonia offtake into South Korea.
• Repurchased 1.9 million shares for $150 million during the third quarter of 2023.

“The CF Industries team continues to execute well,” said Tony Will, President and Chief Executive Officer, CF Industries Holdings, Inc. “Global nitrogen industry fundamentals remain favourable and forward energy curves suggest attractive margin opportunities for the foreseeable future. As a result, we expect to continue to drive strong cash generation, underpinning our ability to create long-term shareholder value through disciplined investments in growth opportunities and returning substantial capital to shareholders.”

Read the article online at: https://www.worldfertilizer.com/nitrogen/02112023/cf-industries-holdings-inc-announces-financial-results-for-first-nine-months-of-2023/