CF Industries Q3 2024 Earnings: EPS of $1.55 Misses Estimates, Revenue at $1,370 Million

GuruFocus10-31 05:53

On October 30, 2024, CF Industries Holdings Inc (CF, Financial) released its 8-K filing detailing its financial results for the third quarter of 2024. CF Industries, a leading producer and distributor...

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CF Industries, a leading producer and distributor...</p>\n\n<a href=\"https://www.gurufocus.com/news/2574669/cf-industries-q3-2024-earnings-eps-of-155-misses-estimates-revenue-at-1370-million\">Source Link</a>\n\n</div>\n","source":"gurufocus_highlight","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>CF Industries Q3 2024 Earnings: EPS of $1.55 Misses Estimates, Revenue at $1,370 Million</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nCF Industries Q3 2024 Earnings: EPS of $1.55 Misses Estimates, Revenue at $1,370 Million\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-10-31 05:53 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.gurufocus.com/news/2574669/cf-industries-q3-2024-earnings-eps-of-155-misses-estimates-revenue-at-1370-million><strong>GuruFocus</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>On October 30, 2024, CF Industries Holdings Inc (CF, Financial) released its 8-K filing detailing its financial results for the third quarter of 2024. CF Industries, a leading producer and distributor...</p>\n\n<a href=\"https://www.gurufocus.com/news/2574669/cf-industries-q3-2024-earnings-eps-of-155-misses-estimates-revenue-at-1370-million\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"CF","symbol_name":"CF工业","start_time":0,"source_url":"https://www.gurufocus.com/news/2574669/cf-industries-q3-2024-earnings-eps-of-155-misses-estimates-revenue-at-1370-million","article_id":"2479976294","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2479976294","pubTimestamp":1730325194,"sourceInfo":{"source_id":"gurufocus_highlight","name":"GuruFocus"},"weMediaInfo":null,"summary":"On October 30, 2024, CF Industries Holdings Inc (CF, Financial) released its 8-K filing detailing its financial results for the third quarter of 2024. CF Industries, a leading producer and distributor","collect":0,"end_time":0,"defaultTopTitle":"gurufocus.com","property":["earning"],"viewcount":null,"language":"en","relate_stocks":{"CF":"CF工业"},"translate_title":"CF Industries 2024年第三季度收益：每股收益为1.55美元，低于预期，收入为13.7亿美元","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"CF":1},"content_text":"On October 30, 2024, CF Industries Holdings Inc (CF, Financial) released its 8-K filing detailing its financial results for the third quarter of 2024. CF Industries, a leading producer and distributor of nitrogen fertilizers, operates primarily in North America and the United Kingdom, with a joint venture in Trinidad and Tobago. The company leverages low-cost US natural gas to produce nitrogen, positioning itself as one of the lowest-cost producers globally. CF Industries is also investing in carbon-free blue and green ammonia as alternative fuels.Performance Overview CF Industries reported net earnings of $276 million for Q3 2024, translating to earnings per share (EPS) of $1.55, missing the analyst estimate of $1.82. The company's revenue for the quarter was $1,370 million, slightly below the estimated $1,531.43 million. Despite the revenue miss, the company's ability to manage costs highlights its operational efficiency.Financial Achievements and Industry Context The company's adjusted EBITDA for Q3 2024 was $511 million, reflecting robust cash generation capabilities. CF Industries' strategic focus on operational excellence and cost management is crucial in the agriculture industry, where margins can be tight due to fluctuating commodity prices. The company's low-cost production advantage is further emphasized by its 93% capacity utilization rate, underscoring its efficiency in meeting market demand.Key Financial Metrics CF Industries' financial statements reveal significant insights into its operational health:Metric Q3 2024 9M 2024 Net Earnings $276 million $890 million Adjusted EBITDA $511 million $1.7 billion Free Cash Flow $1.5 billion (LTM) - Capital Returned to Shareholders $1.7 billion (LTM) - These metrics highlight CF Industries' strong cash flow generation and commitment to returning capital to shareholders, with $1.7 billion returned over the last twelve months.Strategic Initiatives and Future Outlook CF Industries is actively pursuing growth through strategic initiatives, including investments in low-carbon ammonia production and potential acquisitions. The company aims to enhance shareholder value through disciplined growth and clean energy projects. A notable project is the Donaldsonville Dehydration & Compression Unit, expected to be operational by 2025, which will contribute to CF Industries' low-carbon ammonia production capabilities.Our strategic initiatives are designed to position CF Industries as a leader in the transition to a low-carbon economy, while continuing to deliver value to our shareholders,\" the company stated in its earnings release.Analysis and Conclusion CF Industries' Q3 2024 performance demonstrates its resilience and strategic focus in a challenging market environment. The company's ability to manage costs, despite revenue challenges, underscores its operational efficiency and strategic positioning. As CF Industries continues to invest in low-carbon technologies and operational excellence, it remains well-positioned to capitalize on future growth opportunities in the agriculture and clean energy sectors.  Explore the complete 8-K earnings release (here) from CF Industries Holdings Inc for further details.","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.1","shortVersion":"4.29.1","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2479976294"}