CF Industries Holdings, Inc. Reports First Half 2025 Net Earnings of $698 Million, Adjusted EBITDA of $1.41 Billion

CF Industries Holdings, Inc. (NYSE: CF), a leading global manufacturer of hydrogen and nitrogen products, today announced results for the first half and second quarter ended June 30, 2025.

Highlights

• First half 2025 net earnings⁽¹⁾ of $698 million, or $4.20 per diluted share, EBITDA⁽²⁾ of $1.37 billion, and adjusted EBITDA⁽²⁾ of $1.41 billion
• Second quarter 2025 net earnings of $386 million, or $2.37 per diluted share, EBITDA of $757 million, and adjusted EBITDA of $761 million
• Trailing twelve months net cash from operating activities of $2.50 billion; free cash flow⁽³⁾ of $1.73 billion for same period, which includes cash inflows and outflows associated with Blue Point joint venture
• Repurchased 8 million shares for $202 million during the second quarter of 2025
• Donaldsonville carbon capture and sequestration project began generating 45Q tax credits for permanent sequestration of carbon dioxide in July 2025

“The CF Industries team worked safely and delivered outstanding operational performance against the backdrop of constructive global nitrogen industry dynamics, helping drive strong financial results in the first half of 2025,” said Tony Will, president and chief executive officer, CF Industries Holdings, Inc. “We also have reached a historic milestone in our Company’s decarbonization journey with the start-up of the Donaldsonville CCS project and measurable emissions reduction. We are realizing the financial benefits of investing in low-carbon ammonia production through both 45Q tax credit generation and the premium that these low-carbon tons command in the global marketplace.”

Read the complete press release.