CF Industries Holdings has reported $1.34 billion in net earnings for the first half of 2026, while strong cash generation and a higher dividend underscored the fertilizer maker’s confidence in its outlook.
The company, a major global producer of hydrogen and nitrogen products, reported first-half adjusted EBITDA of $2.18 billion, including a roughly $170 million gain from a litigation settlement.
Second-quarter net earnings reached $727 million, or $4.73 per diluted share, while adjusted EBITDA came in at $1.19 billion.
CF Industries also generated $2.98 billion in net cash from operating activities over the trailing 12 months, with free cash flow reaching $1.82 billion. The figures include cash inflows and outflows tied to the Blue Point One joint venture.
“The CF Industries team operated safely and delivered excellent operational results despite rapidly changing customer dynamics,” said Chris Bohn, president and chief executive officer, CF Industries Holdings, Inc.
“We believe the Company is positioned extremely well in the near- and longer-term, with our premium-grade North American asset base, disciplined strategic growth opportunities, including Blue Point, and strong balance sheet. As a result, we believe CF Industries will continue to generate substantial free cash flow, enabling us to build on our strong track record of investing in high-return initiatives and returning capital to shareholders through share repurchases and our increased quarterly dividend.”
The company declared a quarterly dividend of $0.60 per share in July, a 20% increase from its previous quarterly payout.
CF Industries also said it received the permits needed to begin construction at its Blue Point Complex in August, marking a major step forward for the project and its broader growth strategy.
The company said its strong North American asset base, balance sheet and planned investments position it to continue generating significant free cash flow while returning capital to shareholders.
