EarningsQ2 2026 Earnings Report
MX:CF Q2 2026 EPS Results
Actual EPS$80.71
Consensus EPS$95.72
Beat/MissMissed by -$15.01
One Year Ago EPS$40.18
MX:CF Q2 2026 Revenue Results
Actual Revenue$37.76B
Expected Revenue$41.64B
Beat/MissMissed by -$3.87B
YoY Revenue Growth+17.57%
Earnings Announcement Details
QuarterQ2 2026
Date08/05/2026
TimeAfter Close
Conference CallWednesday, August 5, 2026
MX:CF Upcoming Earnings
Cf Industries Holdings's next earnings date is estimated for November 4, 2026, based on past reporting schedules.
Q2 2026 Earnings Call Audio
MX:CF Q2 2026 Earnings Call
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Q2 2026 Earnings Slide Deck
Q2 2026 Earnings Call Summary
Earnings Call Sentiment|Positive
The call emphasized strong operational execution, robust cash generation, significant shareholder returns (repurchases and dividend increase), and an upgraded mid‑cycle EBITDA outlook supported by strategic initiatives (BluePoint, carbon capture, DEF). These positives were balanced against near‑term demand seasonality and price volatility in Q2, localized asset disruption (Yazoo City) with related impairments, and rising construction/logistics costs plus geopolitical and LNG‑supply driven uncertainties. On balance, management presented a confident long‑term thesis (structural tightening, higher mid‑cycle earnings) while acknowledging short‑term headwinds and cost pressures.Company Guidance
Strong Financial Results (H1 and Q2 2026)
Reported H1 2026 adjusted EBITDA of $2.2 billion and Q2 2026 adjusted EBITDA of $1.2 billion; company-reported net earnings attributable to common stockholders of $1.3 billion ($8.71 per diluted share) for H1 and $727 million ($4.73 per diluted share) for Q2.
Exceptional Free Cash Flow and Cash Generation
Trailing 12-month net cash from operations of approximately $3.0 billion and free cash flow of approximately $1.8 billion; high and consistent EBITDA-to-free-cash conversion.
Active Shareholder Returns
Returned nearly $1.3 billion of free cash flow to shareholders over the last 12 months, including repurchasing 10.6 million shares for $958 million and $314 million in dividends; board increased the quarterly dividend 20% to $0.60 per share.
Improved Mid‑Cycle Outlook and Strategic Upside
Raised baseline mid‑cycle EBITDA to approximately $2.9 billion and baseline free cash flow to ~$1.7 billion; strategic initiatives (decarbonization, BluePoint, carbon capture) provide upside to ~ $3.3 billion mid‑cycle EBITDA by 2030 (incremental ~$400 million: ~$300M BluePoint, ~$100M carbon capture).
High Operational Utilization and Safety Performance
Operated available ammonia capacity at nearly 98% in the first half; trailing 12‑month incident rate of 0.16 incidents per 200,000 hours worked (noted as well below industry averages).
Progress on BluePoint and Strategic Projects
Received all necessary permits for BluePoint, nearly all long‑lead items ordered, module fabrication set to begin later in the year, construction expected to begin in August; 2026 capital expenditure guidance of ~$1.3 billion (CF's portion ~ $950 million) with increased pace as BluePoint begins.
Commercial Strength and Low‑Carbon Demand
Built a substantial UAN order book extending into November after July fill programs; approximately 10% of ammonia sales in H1 were low‑carbon tonnes earning an average premium of >$20/ton.
Balance Sheet and Capital Discipline
Shares outstanding decreased ~29% since the start of 2021; company emphasizes fixed‑fee contracting and disciplined capital allocation prioritizing strategic growth, share repurchases and dividends.
MX:CF Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed