CF Industries Holdings, Inc. Reports First Quarter 2025 Net Earnings of $312 Million, Adjusted EBITDA of $644 Million

CF Industries Holdings, Inc. (NYSE: CF), a leading global manufacturer of hydrogen and nitrogen products, today announced results for the first quarter ended March 31, 2025.

Highlights

• First quarter 2025 net earnings(1) of $312 million, or $1.85 per diluted share, EBITDA(2) of $617 million, and adjusted EBITDA(2) of $644 million
• Trailing twelve months net cash from operating activities of $2.41 billion and free cash flow(3) of $1.57 billion
• Repurchased 5.4 million shares for $434 million during the first quarter of 2025; new $2 billion share repurchase program authorized through 2029
• Announced positive final investment decision (FID) on Blue Point Complex low-carbon ammonia plant, forming a joint venture with JERA Co., Inc. and Mitsui & Co., Ltd. for the construction, production and offtake of low-carbon ammonia

“The CF Industries team delivered strong results in the first quarter of 2025 as we operated safely and executed well across all aspects of our business,” said Tony Will, president and chief executive officer, CF Industries Holdings, Inc. “We believe our operational performance and cost-advantaged network position the Company well to continue to create value for long-term shareholders through our commitment to both invest in attractive growth initiatives, such as the Blue Point joint venture, and to return substantial capital to shareholders.”

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