CF Industries Holdings, Inc. Reports First Quarter 2021 Net Earnings of $151 Million, EBITDA of $398 Million, Adjusted EBITDA of $398 Million

By: Corporate Communications
May 5, 2021


CF Industries Holdings, Inc. (NYSE: CF), a leading global manufacturer of hydrogen and nitrogen products, today announced results for its first quarter ended March 31, 2021.


  • First quarter net earnings of $151 million(1), or $0.70 per diluted share; EBITDA(2) of $398 million; adjusted EBITDA(2) of $398 million
  • Trailing twelve month net cash from operating activities of $1.52 billion, free cash flow(3) of $1.05 billion
  • Company completed redemption of remaining $250 million of Senior Secured Notes due December 2021
  • Engineering and procurement contract signed with thyssenkrupp for electrolysis plant to supply green hydrogen for green ammonia production at Donaldsonville

“The CF team delivered solid results in the first quarter as increased global energy spreads and strong demand led to rising nitrogen prices,” said Tony Will, president and chief executive officer, CF Industries Holdings, Inc. “We experienced a number of unusual negative impacts from weather and other factors that created challenges during the quarter, but we navigated those issues successfully in a way that mitigated a potentially negative outcome.”

Click here for the full first quarter 2021 earnings release.